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Trending ETFs

Name

As of 11/21/2024

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

$9.99

$4.49 B

4.64%

$0.46

0.44%

Vitals

YTD Return

5.2%

1 yr return

6.1%

3 Yr Avg Return

3.2%

5 Yr Avg Return

2.4%

Net Assets

$4.49 B

Holdings in Top 10

61.0%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.44%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 102.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/21/2024

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

$9.99

$4.49 B

4.64%

$0.46

0.44%

FAUDX - Profile

Distributions

  • YTD Total Return 5.2%
  • 3 Yr Annualized Total Return 3.2%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.05%
DIVIDENDS
  • Dividend Yield 4.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Strategic Advisers Short Duration Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Dec 28, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jonathan Duggan

Fund Description

Normally investing in U.S. dollar-denominated money market and investment-grade debt securities, and repurchase agreements. Normally maintaining a dollar-weighted average maturity of three years or less. Investing in domestic and foreign issuers. Engaging in transactions that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default) and futures contracts - and forward-settling securities, to adjust the fund's risk exposure. Implementing investment strategies by investing directly in securities through one or more managers (sub-advisers) or indirectly in securities through one or more other funds, referred to as underlying funds, which in turn invest directly in securities (as described below). Allocating assets among affiliated fixed-income funds (i.e., Fidelity® funds, including mutual funds and ETFs), non-affiliated fixed-income funds that participate in Fidelity's FundsNetwork®, non-affiliated ETFs (collectively, underlying funds), and sub-advisers. Allocating assets among underlying funds and sub-advisers to achieve similar overall interest rate risk to the FTSE® 6-Month U.S. Treasury Bill Index. Allocating assets among underlying funds and sub-advisers to attempt to diversify its portfolio in terms of different market sectors and maturities. Allocating assets among sub-advisers and underlying funds using proprietary fundamental and quantitative research, considering factors including, but not limited to, performance in different market environments, manager experience and investment style, management company infrastructure, costs, asset size, and portfolio turnover. Analyzing the credit quality of the issuer, the issuer's potential for success, the credit, currency and economic risks of the security and its issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments. Pursuant to an exemptive order granted by the Securities and Exchange Commission (SEC), Strategic Advisers LLC (Strategic Advisers) is permitted, subject to the approval of the Board of Trustees, to enter into new or amended sub-advisory agreements with one or more unaffiliated sub-advisers without obtaining shareholder approval of such agreements. Subject to oversight by the Board of Trustees, Strategic Advisers has the ultimate responsibility to oversee the fund's sub-advisers and recommend their hiring, termination, and replacement. In the event the Board of Trustees approves a sub-advisory agreement with a new unaffiliated sub-adviser, shareholders will be provided with information about the new sub-adviser and sub-advisory agreement .
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FAUDX - Performance

Return Ranking - Trailing

Period FAUDX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.2% -0.6% 7.6% 50.70%
1 Yr 6.1% 1.8% 9.2% 39.91%
3 Yr 3.2%* -1.3% 6.9% 78.54%
5 Yr 2.4%* -0.9% 4.7% 60.53%
10 Yr 2.0%* -4.2% 27.9% 43.80%

* Annualized

Return Ranking - Calendar

Period FAUDX Return Category Return Low Category Return High Rank in Category (%)
2023 1.3% -2.3% 4.3% 47.89%
2022 -2.8% -6.5% 0.5% 69.42%
2021 -0.7% -2.1% 0.3% 79.50%
2020 0.9% -3.1% 1.8% 8.85%
2019 1.0% -1.2% 6.1% 19.23%

Total Return Ranking - Trailing

Period FAUDX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.2% -0.6% 7.6% 50.70%
1 Yr 6.1% 1.8% 9.2% 39.91%
3 Yr 3.2%* -1.3% 6.9% 78.54%
5 Yr 2.4%* -0.9% 4.7% 60.53%
10 Yr 2.0%* -4.2% 27.9% 43.80%

* Annualized

Total Return Ranking - Calendar

Period FAUDX Return Category Return Low Category Return High Rank in Category (%)
2023 5.7% 0.8% 12.1% 56.81%
2022 -1.3% -5.1% 2.5% 82.52%
2021 0.1% -2.1% 14.5% 44.00%
2020 2.8% -1.0% 3.6% 9.38%
2019 3.7% 0.3% 9.6% 15.93%

NAV & Total Return History


FAUDX - Holdings

Concentration Analysis

FAUDX Category Low Category High FAUDX % Rank
Net Assets 4.49 B 26.6 K 22.6 B 23.47%
Number of Holdings 1180 2 1258 2.82%
Net Assets in Top 10 2.68 B 27.7 K 22.7 B 4.69%
Weighting of Top 10 61.00% 6.3% 159.6% 8.92%

Top 10 Holdings

  1. PIMCO Short-Term Instl 10.79%
  2. JPMorgan Ultra-Short Income ETF 10.05%
  3. Baird Ultra Short Bond Institutional 9.08%
  4. T. Rowe Price Ultra Short-Term Bond 6.65%
  5. iShares 1-3 Year Treasury Bond ETF 5.91%
  6. BlackRock Ultra Short-Term Bond ETF 5.45%
  7. Morgan Stanley Instl Ultr-Shrt Inc IR 4.98%
  8. Baird Short-Term Bond Inst 3.16%
  9. UST NOTES 4.5% 11/15/2025 2.52%
  10. FIDELITY SAI SHORT-TERM BOND FUND 2.40%

Asset Allocation

Weighting Return Low Return High FAUDX % Rank
Stocks
59.36% 0.00% 97.16% 2.82%
Bonds
39.94% 0.00% 129.63% 89.20%
Convertible Bonds
4.90% 0.00% 15.25% 27.83%
Cash
1.51% 0.00% 112.72% 77.93%
Other
0.00% -13.48% 99.96% 70.89%
Preferred Stocks
0.00% 0.00% 0.00% 12.68%

Stock Sector Breakdown

Weighting Return Low Return High FAUDX % Rank
Financial Services
34.34% 0.00% 99.34% 55.56%
Technology
32.06% 0.00% 32.06% 11.11%
Communication Services
10.87% 0.00% 11.28% 44.44%
Consumer Cyclical
10.63% 0.00% 11.26% 44.44%
Healthcare
4.23% 0.00% 4.23% 11.11%
Consumer Defense
4.16% 0.00% 4.16% 11.11%
Industrials
2.85% 0.00% 2.85% 11.11%
Utilities
0.87% 0.00% 0.87% 11.11%
Real Estate
0.00% 0.00% 0.00% 22.22%
Energy
0.00% 0.00% 100.00% 55.56%
Basic Materials
0.00% 0.00% 0.00% 22.22%

Stock Geographic Breakdown

Weighting Return Low Return High FAUDX % Rank
US
59.36% 0.00% 97.16% 2.82%
Non US
0.00% 0.00% 0.00% 12.68%

Bond Sector Breakdown

Weighting Return Low Return High FAUDX % Rank
Corporate
40.20% 0.00% 99.91% 50.94%
Securitized
21.05% 0.00% 100.00% 58.49%
Government
17.28% 0.00% 100.00% 16.98%
Cash & Equivalents
1.51% 0.00% 112.72% 71.83%
Municipal
0.48% 0.00% 70.39% 25.94%
Derivative
0.00% -13.48% 16.56% 21.60%

Bond Geographic Breakdown

Weighting Return Low Return High FAUDX % Rank
US
39.94% 0.00% 129.63% 89.20%
Non US
0.00% 0.00% 20.18% 24.88%

FAUDX - Expenses

Operational Fees

FAUDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.44% 0.08% 29.63% 54.76%
Management Fee 0.29% 0.00% 1.19% 65.73%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

FAUDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

FAUDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 1.00% N/A

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.

FAUDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 102.00% 0.00% 336.00% 78.21%

FAUDX - Distributions

Dividend Yield Analysis

FAUDX Category Low Category High FAUDX % Rank
Dividend Yield 4.64% 0.00% 8.76% 61.50%

Dividend Distribution Analysis

FAUDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FAUDX Category Low Category High FAUDX % Rank
Net Income Ratio 1.05% -1.30% 14.86% 11.71%

Capital Gain Distribution Analysis

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

Distributions History

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FAUDX - Fund Manager Analysis

Managers

Jonathan Duggan


Start Date

Tenure

Tenure Rank

Aug 23, 2018

3.77

3.8%

Jonathan Duggan is lead portfolio manager of the fund, which he has managed since 2018. He also manages other funds. Since joining Fidelity Investments in 2007, Mr. Duggan has worked as team leader of fixed income research and portfolio manager.

Christopher Heavey


Start Date

Tenure

Tenure Rank

Apr 11, 2019

3.14

3.1%

Christopher Heavey is portfolio manager. Since joining Fidelity Investments in 1998, Mr. Heavey has worked as a senior research analyst and portfolio manager.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.44 6.52 7.92