Fidelity Low Duration Bond Factor ETF
Global bond index ETF · tracks Fidelity Low Duration Investment Grade Factor Index
As of its 2026 Q2 report, Fidelity Low Duration Bond Factor ETF held 354 positions with $1.62B in net assets. Its ten largest holdings made up 11.3% of the fund. The FLDR share class costs 0.15% a year. Over the 12 months to Jun 2026, FLDR returned 4.5%, with dividends reinvested. In 2026 Q3 it added 61 new positions and exited 40.
Fidelity Low Duration Bond Factor ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Low Duration Investment Grade Factor Index?.
The fund tracks the Fidelity Low Duration Investment Grade Factor Index, which holds U.S. investment grade floating rate notes and Treasury notes weighted to balance interest rate and credit risk, with individual corporate issuers capped at 3.5% of the index. The fund maintains a duration of one year or less and uses statistical sampling to replicate the index with fewer securities. Because the fund samples rather than holds all index constituents, its returns may diverge from the index.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
Fidelity Revere Street Trust | 1.50% | $24.31M | — |
UST NOTES 3.88% · due 2034-08-15 | 1.48% | $23.84M | — |
UST NOTES 4.25% · due 2035-08-15 | 1.30% | $20.94M | — |
UST NOTES 4.25% · due 2035-05-15 | 1.23% | $19.83M | — |
UST NOTES 3.88% · due 2033-08-15 | 1.10% | $17.78M | — |
UST NOTES 4.00% · due 2035-11-15 | 1.00% | $16.22M | — |
UST NOTES 4.00% · due 2034-02-15 | 0.98% | $15.85M | — |
UST NOTES 4.50% · due 2033-11-15 | 0.91% | $14.68M | — |
UST NOTES 4.38% · due 2034-05-15 | 0.89% | $14.38M | — |
UST NOTES 4.25% · due 2034-11-15 | 0.87% | $14.09M | — |
The 200 largest of 354 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 98.18% |
| Cash & short-term | 1.62% |
By sector
- Financials
- 30.2%
- International
- 28.8%
- Other
- 20.4%
- Government
- 12.5%
- 8 other sectors
- 8.1%
- Financials
- 30.2%
- International
- 28.8%
- Other
- 20.4%
- Government
- 12.5%
- Health Care
- 2.4%
- Cash
- 1.2%
- Consumer Staples
- 1.2%
- Consumer Discretionary
- 1.1%
- Utilities
- 0.8%
- Information Technology
- 0.7%
- Communication Services
- 0.5%
- Industrials
- 0.2%
How it has done
FLDR share class · total returns with dividends reinvested
Volatility over the last 12 months: 0.69%. Past returns are a record, not a forecast.
Jul 2026 and Aug 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
Fidelity Low Duration Bond Factor ETF is a global bond index ETF that tracks the Fidelity Low Duration Investment Grade Factor Index.
- Asset class
- Bonds
- Region
- Global
- Management
- Index (passive)
- Fund type
- ETF
- Credit quality
- Investment grade
- Rate sensitivity
- Short duration
- Expense ratio, by class
- 0.15%· FLDR 0.15%
- Portfolio turnover
- 34.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
61 new· the largest 8
40 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Floating rate | 87.9% |
| Fixed rate | 12.1% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 16.9% |
| 1-3y | 57.0% |
| 3-5y | 14.0% |
| 5-10y | 12.2% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Interest-rate moves barely touch this fund — but its credit exposure is real: a 100bp widening in credit spreads costs roughly 2.5%. Duration alone would have told you none of that.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 74% |
| Interest rates | 26% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +2.38 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.00 yr | 0% |
| 5 yr | 0.26 yr | 31% |
| 10 yr | 0.58 yr | 69% |
| 30 yr | 0.00 yr | 0% |
1 yr is NEGATIVE (-0.00 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.25 yr | 10% |
| 1 yr | 0.78 yr | 33% |
| 5 yr | 0.83 yr | 35% |
| 10 yr | 0.52 yr | 22% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.25 | +0.00 | $39.6k | $0 |
| 1 yr | -0.00 | +0.78 | +0.00 | $126.5k | $0 |
| 5 yr | +0.26 | +0.83 | +0.00 | $134.3k | $0 |
| 10 yr | +0.58 | +0.52 | +0.00 | $83.4k | $0 |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
A newer credit-spread reading (2026Q3) is on file. This page holds one quarter across every figure on it, so that one appears here next quarter.
Understand how this fund fits with the rest.
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