ARCA:FCOR

Stock Analysis Report

Fidelity Merrimack Street Trust - Fidelity Bond ETF

Executive Summary

Fidelity Merrimack Street Trust - Fidelity Corporate Bond ETF is an exchange traded fund launched and managed by Fidelity Investments Money Management Inc.


Snowflake Analysis

Share Price & News

How has Fidelity Merrimack Street Trust - Fidelity Bond ETF's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FCOR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.7%

FCOR

-8.0%

US Capital Markets

-7.4%

US Market


1 Year Return

12.2%

FCOR

8.3%

US Capital Markets

10.5%

US Market

Return vs Industry: FCOR exceeded the US Capital Markets industry which returned 8.3% over the past year.

Return vs Market: FCOR exceeded the US Market which returned 10.5% over the past year.


Shareholder returns

FCORIndustryMarket
7 Day0.7%-8.0%-7.4%
30 Day1.4%-4.0%-3.6%
90 Day3.4%-2.1%-0.6%
1 Year15.4%12.2%10.4%8.3%12.8%10.5%
3 Year20.9%10.1%27.5%20.4%37.4%28.6%
5 Year27.3%8.5%70.2%54.4%61.3%43.6%

Price Volatility Vs. Market

How volatile is Fidelity Merrimack Street Trust - Fidelity Bond ETF's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Fidelity Merrimack Street Trust - Fidelity Bond ETF undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Fidelity Merrimack Street Trust - Fidelity Bond ETF is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Fidelity Merrimack Street Trust - Fidelity Bond ETF has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.

Future Growth

How is Fidelity Merrimack Street Trust - Fidelity Bond ETF forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.5%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Fidelity Merrimack Street Trust - Fidelity Bond ETF has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Fidelity Merrimack Street Trust - Fidelity Bond ETF performed over the past 5 years?

17.3%

Historical Diversified Financials annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Fidelity Merrimack Street Trust - Fidelity Bond ETF has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.

Financial Health

How is Fidelity Merrimack Street Trust - Fidelity Bond ETF's financial position? (This company is analysed differently as a bank or financial institution)


In this section we usually analyse Fidelity Merrimack Street Trust - Fidelity Bond ETF's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Fidelity Merrimack Street Trust - Fidelity Bond ETF has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.

Dividend

What is Fidelity Merrimack Street Trust - Fidelity Bond ETF's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.9%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate FCOR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate FCOR's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FCOR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FCOR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FCOR's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Fidelity Merrimack Street Trust - Fidelity Bond ETF has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
David Prothro
Portfolio Manager5.3yrsno datano data
Robert Galusza
Portfolio Manager5.3yrsno datano data
David DeBiase
Portfolio Manager1.3yrsno datano data

5.3yrs

Average Tenure

Experienced Management: FCOR's management team is seasoned and experienced (5.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Fidelity Merrimack Street Trust - Fidelity Corporate Bond ETF's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • Fidelity Merrimack Street Trust - Fidelity Corporate Bond ETF
  • One Spartan Way
  • Merrimack
  • New Hampshire
  • 3054
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FCORARCA (NYSE Arca)YesCORP BOND ETFUSUSDOct 2014

Biography

Fidelity Merrimack Street Trust - Fidelity Corporate Bond ETF is an exchange traded fund launched and managed by Fidelity Investments Money Management Inc. It is co-managed by FMR Co., Inc., Fidelity Management & Research (U.K.) Limited, Fidelity Management & Research (Hong Kong) Limited, and Fidelity Management & Research (Japan) Limited. The fund invests in fixed income markets of countries across the globe. It invests in investment-grade corporate debt securities. The fund benchmarks the performance of its portfolio against the Bloomberg Barclays U.S. Credit Bond Index. Fidelity Merrimack Street Trust - Fidelity Corporate Bond ETF was formed on October 6, 2014 and is domiciled in the United States. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 01:32
End of Day Share Price2020/02/25 00:00
EarningsN/A
Annual EarningsN/A


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.