Fidelity Total Bond ETF (FBND)

Fidelity Total Bond ETF (FBND) is an exchange-traded fund in the Intermediate Core Plus Bond category. It has $26.62B in assets, an expense ratio of 0.36% and a 4.69% dividend yield. Normally, the fund invests at least 80% of assets in debt securities of all types and repurchase agreements for those securities. The manager uses the Bloomberg U.S. Universal Bond Index as a guide in allocating assets across the investment-grade, high yield, and emerging market asset classes. The fund invests up to 20% of assets in lower-quality debt securities. It is managed to have similar overall interest rate risk to the index.