Fidelity Total Bond ETF Q4 2025 Commentary

Core Insights - Fidelity's mission is to enhance the financial well-being of customers and improve outcomes for clients and businesses served [1] - As of December 31, 2023, Fidelity has assets under administration totaling $12.6 trillion, with discretionary assets amounting to $4.9 trillion [1] - Fidelity has been privately held for 77 years and employs over 74,000 associates [1] - The company is headquartered in Boston and has a global presence across nine countries, including North America, Europe, Asia, and Australia [1]