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2 Ways to Access Fidelity's Core Bond Strategy

Gold-rated Fidelity Total Bond automatically reinvests dividends and avoids trading commissions, while its ETF counterpart is more suitable for investors who value intraday liquidity and portfolio disclosure.

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John Gabriel: The strategy behind Gold-rated Fidelity Total Bond Fund (FTBFX) recently became available as an exchange-traded fund. The ETF, which trades under the ticker FBND, is not a separate share class of the mutual fund. It is, however, managed by the same team of portfolio managers and employs the same strategy. It also charges the same 45-basis-point fee as the mutual fund's no-load share class.

Lead manager Ford O'Neil has a strong long-term record running the mutual fund. So, even though the ETF has less than one year of live performance, investors can still glean some insights about its prospective behavior.

John Gabriel does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.