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Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Short Duration High Income Fund

FSFHX | Fund

$8.78

$232 M

0.00%

0.72%

Vitals

YTD Return

1.3%

1 yr return

7.6%

3 Yr Avg Return

2.0%

5 Yr Avg Return

2.9%

Net Assets

$232 M

Holdings in Top 10

13.0%

52 WEEK LOW AND HIGH

$8.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.72%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 74.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$250

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Short Duration High Income Fund

FSFHX | Fund

$8.78

$232 M

0.00%

0.72%

FSFHX - Profile

Distributions

  • YTD Total Return 1.3%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 2.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.46%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Fidelity Short Duration High Income Fund
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Nov 05, 2013
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Kevin Nielsen

Fund Description

Normally investing primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds). Normally investing primarily in securities rated BB or B by Standard & Poor's (S&P), Ba or B by Moody's Investors Service (Moody's), comparably rated by at least one nationally recognized credit rating agency, or, if unrated, considered by Fidelity Management & Research Company (FMR) to be of comparable quality. Potentially investing in non-income producing securities, including defaulted securities and common stocks. Investing in companies in troubled or uncertain financial condition. Normally maintaining a duration of three years or less. Investing in floating rate loans, which are often lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds), and other floating rate securities. Investing in domestic and foreign issuers. Using fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.
Read More

FSFHX - Performance

Return Ranking - Trailing

Period FSFHX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -7.2% 5.1% 15.83%
1 Yr 7.6% -9.4% 15.0% 60.38%
3 Yr 2.0%* -16.5% 19.8% 23.65%
5 Yr 2.9%* -11.9% 36.4% 52.43%
10 Yr 2.9%* -4.9% 19.3% 64.32%

* Annualized

Return Ranking - Calendar

Period FSFHX Return Category Return Low Category Return High Rank in Category (%)
2023 3.8% -4.7% 14.3% 82.53%
2022 -9.9% -33.4% 3.6% 6.30%
2021 -0.1% -8.4% 14.9% 55.74%
2020 0.3% -13.9% 302.7% 42.06%
2019 4.8% -4.4% 13.3% 85.10%

Total Return Ranking - Trailing

Period FSFHX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -7.2% 5.1% 15.83%
1 Yr 7.6% -9.4% 15.0% 60.38%
3 Yr 2.0%* -16.5% 19.8% 23.65%
5 Yr 2.9%* -11.9% 36.4% 52.43%
10 Yr 2.9%* -4.9% 19.3% 64.32%

* Annualized

Total Return Ranking - Calendar

Period FSFHX Return Category Return Low Category Return High Rank in Category (%)
2023 9.7% -4.7% 18.2% 88.14%
2022 -6.2% -33.4% 47.8% 11.02%
2021 3.6% -8.4% 24.8% 80.49%
2020 4.3% -9.6% 325.6% 69.43%
2019 9.7% 0.9% 21.5% 87.35%

NAV & Total Return History

FSFHX - Holdings

Concentration Analysis

FSFHX Category Low Category High FSFHX % Rank
Net Assets 232 M 1.45 M 23.6 B 69.80%
Number of Holdings 389 2 2736 42.72%
Net Assets in Top 10 30 M -492 M 4.45 B 72.29%
Weighting of Top 10 13.04% 4.2% 146.9% 53.56%

Top 10 Holdings

  1. Fidelity Cash Central Fund 3.81%
  2. TRANSDIGM INC 6.75% 08/15/2028 144A 1.30%
  3. CARNIVAL CORP 7.625% 03/01/2026 144A 1.07%
  4. CCO HLDGS LLC/CAP CORP 5.125% 05/01/2027 144A 1.02%
  5. UNIVISION TERM B 1LN 01/31/2029 1.01%
  6. SABLE INTL FIN LTD 5.75% 09/07/2027 144A 1.00%
  7. SENSATA TECHNOLOGIES BV 5% 10/01/2025 144A 1.00%
  8. TENET HEALTHCARE CORP 5.125% 11/01/2027 0.97%
  9. GLOBAL PARTNERS LP / GLP FIN CORP 7% 08/01/2027 0.94%
  10. SABRE GLBL INC 7.375% 09/01/2025 144A 0.92%

Asset Allocation

Weighting Return Low Return High FSFHX % Rank
Bonds 		94.71% -3.13% 154.38% 48.54%
Cash 		4.45% -52.00% 48.07% 40.09%
Preferred Stocks 		0.77% 0.00% 7.88% 14.24%
Convertible Bonds 		0.54% 0.00% 17.89% 73.84%
Stocks 		0.07% 0.00% 99.54% 63.48%
Other 		0.00% -63.70% 102.57% 83.90%

Stock Sector Breakdown

Weighting Return Low Return High FSFHX % Rank
Utilities 		0.00% 0.00% 100.00% 73.10%
Technology 		0.00% 0.00% 33.17% 72.91%
Real Estate 		0.00% 0.00% 86.71% 69.94%
Industrials 		0.00% 0.00% 93.12% 77.74%
Healthcare 		0.00% 0.00% 22.17% 72.73%
Financial Services 		0.00% 0.00% 100.00% 77.55%
Energy 		0.00% 0.00% 100.00% 11.69%
Communication Services 		0.00% 0.00% 99.99% 80.89%
Consumer Defense 		0.00% 0.00% 100.00% 72.54%
Consumer Cyclical 		0.00% 0.00% 100.00% 76.25%
Basic Materials 		0.00% 0.00% 100.00% 77.55%

Stock Geographic Breakdown

Weighting Return Low Return High FSFHX % Rank
US 		0.07% 0.00% 99.54% 62.38%
Non US 		0.00% -0.01% 0.83% 99.85%

Bond Sector Breakdown

Weighting Return Low Return High FSFHX % Rank
Corporate 		96.33% 0.00% 129.69% 37.52%
Cash & Equivalents 		3.81% 0.00% 48.07% 39.47%
Derivative 		0.00% -15.04% 42.26% 83.59%
Securitized 		0.00% 0.00% 97.24% 99.38%
Municipal 		0.00% 0.00% 4.66% 99.38%
Government 		0.00% 0.00% 99.07% 99.38%

Bond Geographic Breakdown

Weighting Return Low Return High FSFHX % Rank
US 		94.71% -3.13% 129.21% 37.00%
Non US 		0.00% 0.00% 98.19% 99.85%

FSFHX - Expenses

Operational Fees

FSFHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.72% 0.04% 31.61% 74.92%
Management Fee 0.67% 0.00% 1.84% 79.63%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

FSFHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FSFHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 87.76%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FSFHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 74.00% 1.00% 255.00% 71.48%

FSFHX - Distributions

Dividend Yield Analysis

FSFHX Category Low Category High FSFHX % Rank
Dividend Yield 0.00% 0.00% 49.68% 48.62%

Dividend Distribution Analysis

FSFHX Category Low Category High Category Mod
Dividend Distribution Frequency None Quarterly Monthly Monthly

Net Income Ratio Analysis

FSFHX Category Low Category High FSFHX % Rank
Net Income Ratio 3.46% -2.39% 14.30% 85.67%

Capital Gain Distribution Analysis

FSFHX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

FSFHX - Fund Manager Analysis

Managers

Kevin Nielsen

Start Date

Tenure

Tenure Rank

Apr 02, 2018

4.16

4.2%

Kevin Nielsen joined Fidelity Investments in 2006. Mr. Nielsen has worked as a research analyst and portfolio manager.

Michael Weaver

Start Date

Tenure

Tenure Rank

Jul 01, 2019

2.92

2.9%

Michael Weaver is a portfolio manager at FMR Co. In this role, Mr. Weaver is responsible for co-managing Fidelity Total Bond ETF, multiple institutional high yield portfolios, and co-manages all of Fidelity’s collateralized loan obligation strategies. Previously, Mr. Weaver held various positions in the High Income Group, including portfolio manager covering Select Automotive from 2009 to 2013. Mr. Weaver joined Fidelity in 2005, and has been in the investments industry since 1998. Mr. Weaver earned his BS degree in economics from the Wharton School at the University of Pennsylvania.

Alexandre Karam

Start Date

Tenure

Tenure Rank

Jul 01, 2019

2.92

2.9%

Alexandre Karam is a portfolio manager in the High Income division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to more than 26 million individuals, institutions, and financial intermediaries.

Eric Mollenhauer

Start Date

Tenure

Tenure Rank

Jul 01, 2019

2.92

2.9%

Eric Mollenhauer is a portfolio manager at Fidelity Management & Research Company (FMRCo), the investment advisor for Fidelity’s family of mutual funds. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and other financial products and services to more than 20 million individuals, institutions and financial intermediaries.

Benjamin Harrison

Start Date

Tenure

Tenure Rank

Jan 03, 2022

0.41

0.4%

Since joining Fidelity Investments in 2009, Mr. Harrison has worked as a managing director of research and business development and portfolio manager.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.12 8.17

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