Fidelity Limited Term Bond ETF (FLTB) - NYSEARCA
FLTB Description
The fund seeks to provide a high rate of income. - Normally investing at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities. - Managing the fund to have similar overall interest rate risk to the Fidelity Limited Term Composite IndexSM. - Normally maintaining a dollar-weighted average maturity between two and five years. - Allocating assets across different market sectors and maturities. - Investing in domestic and foreign issuers. - Analyzing the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments. - Potentially investing in lower-quality debt securities. - Engaging in transactions that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default), options, and futures contracts - and forward-settling securities, to adjust the fund's risk exposure.
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