The Fidelity Total Bond ETF (FBND) has a 30-day SEC yield well over 5%.
Investors don't have to look too far for income these days, but the Fidelity Total Bond ETF stands out as among the top in its class, according to Morningstar. The actively managed fund, which trades under ticker
, has a 30-day SEC yield of 5.41%, according to Morningstar. The ETF also carries an expense ratio of 0.36%. It's considered a core-plus offering, which means managers can add high-yield and other alternatives in addition to its core options of diversified, high-quality bonds. allocates up to 20% in non-investment grade bonds, but they currently make up just over 12% of the fund. "Deep experience, solid resources, and thoughtful execution make Fidelity Total Bond one of the best core-plus offerings," Morningstar senior analyst Mike Mulach wrote on Aug. 16.
's total return year to date is -0.83%, as of Monday, according to Morningstar , which gives the fund four-stars. It has a trailing 5-year total return of 0.87%. Its trailing 3-year return is -4.24% and trailing 1-year return is 1.47%, both in the top quartile. It invests mostly in corporate and government bonds, as well as securitized debt. About 41% of its holdings are intermediate term, roughly 36% are long term and 23% are short term, as of Aug. 31, according to the fund's website.
's top 10 holdings are all in various Treasury notes and bonds, as of Aug. 31. About 2.4% of its net assets are in Federal National Mortgage Association securities and 1% in Government National Mortgage Association securities. Bank of America is the top corporate debt holding. Shifting allocations Given the economic backdrop and the team's due diligence on its assets, Muñoz feels very comfortable having a nice-sized position in high-yield and leveraged loans.
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