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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.

2 Ways to Access Fidelity's Core Bond Strategy
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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.

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