ETF PROAI
FCORFidelityINDEX

Fidelity Corporate Bond ETF

$45.13-0.44% vs prior close
454952-WK

Price through Sep 24 · Flows through unavailable. Figures use the latest available records, not a live quote. Fund details retrieved Sep 25. Holdings snapshot retrieved Sep 23.

Normally, the fund invests at least 80% of its assets in investment-grade corporate bonds and other corporate debt securities and repurchase agreements for those securities. It is managed to have similar overall interest rate risk to the Bloomberg U.S. Credit Bond Index. The fund invests in lower-quality debt securities.

Price & daily flows
47.946.945.945.13DAILY NET FLOWOct 2Jan 29May 27Sep 24

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN

The desk’s read

Recent fund-flow records are unavailable, while the price has returned -5.6% so far this year. At 0.36% a year it is not the cheapest way in — REMG has a reported fee of 0.16%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$227Massets under management
0.36%expense ratio · $36 per $10,000 a year
—net flow, trailing month
51Kavg daily volume, 30 days
413holdings · US-domiciled
2014listed October 9, 2014 · beta 0.15
Sector weights
Other100%
Cash & Others100%
Corporate88.31%
Government10.06%
Mutual fund1.09%
Cash0.48%
Securitized0.05%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
Other100%
United States100%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week0.0%
1 month-1.8%
3 months-4.3%
6 months-4.2%
YTD-5.6%
1 year-6.4%
3 years—

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week—
1 month—
3 months—
YTD—
1 year—

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

The risk read
6%realized volatility, 30 days (annualized)
5%realized volatility, 1 year
-7.4%deepest fall from a peak, 1 year
-7.4%latest close versus that peak

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

The case against FCOR

Due diligence cuts both ways. These funds sit on the same shelf and beat FCOR on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
STIP iShares 0-5 Year TIPS Bond ETF0.03%$16.3B+$489M-33bp on fee · 72× the assets · +$489M in over the monthHead-to-head
IJH iShares Core S&P Mid-Cap ETF0.05%$122.8B+$2.3B-31bp on fee · 542× the assets · +$2.3B in over the monthHead-to-head
SPTS State Street SPDR Portfolio Short Term Treasury ETF0.03%$7.5B+$1.4B-33bp on fee · 33× the assets · +$1.4B in over the monthHead-to-head
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF0.04%$23.7B+$575M-32bp on fee · 104× the assets · +$575M in over the monthHead-to-head
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF0.04%$18.6B+$412M-32bp on fee · 82× the assets · +$412M in over the monthHead-to-head
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THE DESK BRIEF

Flows, fee cuts, and closure risk on the funds you watch — every trading morning.