The YouTuber advises against FBND due to its high 0.36% expense ratio for a bond fund, especially when lower-cost alternatives like the Vanguard Long-Term Bond ETF (BLV) exist with comparable dividend yields. While acknowledging FBND's diversified holdings and solid historical returns, the cost is deemed unjustifiable.
“our third fund is the fidelity total bond etf that sticker fbnd with a 0.36 expense ratio and a 3.8 dividend yield and i'm including this one just to round out our list of fidelity portfolio but this is one where i think you could probably use a different fund maybe like the vanguard long-term bond etf that's sticker blv nation there is no reason to pay a 0.36 expense ratio on a bond fund”