The Federal Reserve has begun to lower interest rates, so it's a good time to check in with the Fidelity Total Bond ETF (FBND), an actively managed bond exchange-traded fund (ETF) in the Kiplinger ETF 20. The fund beat the Bloomberg U.S. Aggregate Bond Index over the past 12 months with a 12.5% return.
"We outperformed the benchmark by about one percentage point, which is our goal," says Ford O'Neil, who leads the fund with Celso Munoz and four co-managers. The fund has outdone the Agg over the past three and five years, too.
