Strategic Advisers Short Duration Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.8%
1 yr return
5.9%
3 Yr Avg Return
3.0%
5 Yr Avg Return
2.3%
Net Assets
$4.46 B
Holdings in Top 10
61.0%
52 WEEK LOW AND HIGH
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 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FAUDX - Profile
Distributions
- YTD Total Return 4.8%
- 3 Yr Annualized Total Return 3.0%
- 5 Yr Annualized Total Return 2.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.05%
- Dividend Yield 4.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameStrategic Advisers Short Duration Fund
-
Fund Family NameFidelity Investments
-
Inception DateDec 28, 2011
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJonathan Duggan
Fund Description
FAUDX - Performance
Return Ranking - Trailing
Period | FAUDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.8% | -0.9% | 7.1% | 46.95% |
1 Yr | 5.9% | 3.5% | 9.6% | 46.95% |
3 Yr | 3.0%* | -1.4% | 6.8% | 78.05% |
5 Yr | 2.3%* | -1.0% | 4.4% | 60.00% |
10 Yr | 2.0%* | -4.2% | 27.9% | 46.28% |
* 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 | 4.8% | -0.9% | 7.1% | 46.95% |
1 Yr | 5.9% | 3.5% | 9.6% | 46.95% |
3 Yr | 3.0%* | -1.4% | 6.8% | 78.05% |
5 Yr | 2.3%* | -1.0% | 4.4% | 60.00% |
10 Yr | 2.0%* | -4.2% | 27.9% | 46.28% |
* 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 | 4.46 B | 26.3 K | 22.6 B | 23.47% |
Number of Holdings | 1180 | 2 | 1258 | 2.82% |
Net Assets in Top 10 | 2.68 B | 23.7 K | 22.7 B | 4.69% |
Weighting of Top 10 | 61.00% | 6.3% | 159.6% | 8.92% |
Top 10 Holdings
- PIMCO Short-Term Instl 10.79%
- JPMorgan Ultra-Short Income ETF 10.05%
- Baird Ultra Short Bond Institutional 9.08%
- T. Rowe Price Ultra Short-Term Bond 6.65%
- iShares 1-3 Year Treasury Bond ETF 5.91%
- BlackRock Ultra Short-Term Bond ETF 5.45%
- Morgan Stanley Instl Ultr-Shrt Inc IR 4.98%
- Baird Short-Term Bond Inst 3.16%
- UST NOTES 4.5% 11/15/2025 2.52%
- 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% | 5.16% |
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% | 11.11% |
Energy | 0.00% | 0.00% | 100.00% | 55.56% |
Basic Materials | 0.00% | 0.00% | 0.00% | 11.11% |
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% | 5.16% |
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% | 16.90% |
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% | 65.26% |
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 | 4.67% | 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
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.039 | OrdinaryDividend |
Aug 31, 2024 | $0.040 | OrdinaryDividend |
Jul 31, 2024 | $0.039 | OrdinaryDividend |
Apr 30, 2024 | $0.038 | OrdinaryDividend |
Mar 31, 2024 | $0.039 | OrdinaryDividend |
Feb 29, 2024 | $0.037 | OrdinaryDividend |
Jan 31, 2024 | $0.029 | OrdinaryDividend |
Dec 31, 2023 | $0.051 | OrdinaryDividend |
Nov 30, 2023 | $0.038 | OrdinaryDividend |
Oct 31, 2023 | $0.037 | OrdinaryDividend |
Sep 29, 2023 | $0.036 | OrdinaryDividend |
Aug 31, 2023 | $0.037 | OrdinaryDividend |
Jul 31, 2023 | $0.035 | OrdinaryDividend |
Jul 14, 2023 | $0.004 | CapitalGainShortTerm |
Jun 30, 2023 | $0.034 | OrdinaryDividend |
May 31, 2023 | $0.033 | OrdinaryDividend |
Apr 30, 2023 | $0.031 | OrdinaryDividend |
Mar 31, 2023 | $0.030 | OrdinaryDividend |
Feb 28, 2023 | $0.028 | OrdinaryDividend |
Jan 31, 2023 | $0.023 | OrdinaryDividend |
Dec 31, 2022 | $0.050 | OrdinaryDividend |
Nov 30, 2022 | $0.024 | OrdinaryDividend |
Oct 31, 2022 | $0.022 | OrdinaryDividend |
Sep 30, 2022 | $0.018 | OrdinaryDividend |
Aug 31, 2022 | $0.017 | OrdinaryDividend |
Jul 29, 2022 | $0.014 | OrdinaryDividend |
Jun 30, 2022 | $0.011 | OrdinaryDividend |
May 31, 2022 | $0.010 | OrdinaryDividend |
Apr 29, 2022 | $0.008 | OrdinaryDividend |
Mar 31, 2022 | $0.007 | OrdinaryDividend |
Feb 28, 2022 | $0.005 | OrdinaryDividend |
Jan 31, 2022 | $0.004 | OrdinaryDividend |
Dec 31, 2021 | $0.005 | OrdinaryDividend |
Dec 22, 2021 | $0.025 | OrdinaryDividend |
Nov 30, 2021 | $0.003 | OrdinaryDividend |
Oct 29, 2021 | $0.004 | OrdinaryDividend |
Sep 30, 2021 | $0.003 | OrdinaryDividend |
Aug 31, 2021 | $0.004 | OrdinaryDividend |
Jul 30, 2021 | $0.004 | OrdinaryDividend |
Jun 30, 2021 | $0.004 | OrdinaryDividend |
May 28, 2021 | $0.004 | OrdinaryDividend |
Apr 30, 2021 | $0.004 | OrdinaryDividend |
Mar 31, 2021 | $0.004 | OrdinaryDividend |
Feb 26, 2021 | $0.005 | OrdinaryDividend |
Jan 29, 2021 | $0.004 | OrdinaryDividend |
Dec 31, 2020 | $0.013 | OrdinaryDividend |
Dec 30, 2020 | $0.005 | CapitalGainShortTerm |
Dec 23, 2020 | $0.031 | OrdinaryDividend |
Nov 30, 2020 | $0.006 | OrdinaryDividend |
Oct 30, 2020 | $0.007 | OrdinaryDividend |
Sep 30, 2020 | $0.007 | OrdinaryDividend |
Aug 31, 2020 | $0.008 | OrdinaryDividend |
Jul 31, 2020 | $0.008 | OrdinaryDividend |
Jun 30, 2020 | $0.009 | OrdinaryDividend |
May 29, 2020 | $0.012 | OrdinaryDividend |
Apr 30, 2020 | $0.013 | OrdinaryDividend |
Mar 31, 2020 | $0.014 | OrdinaryDividend |
Feb 28, 2020 | $0.015 | OrdinaryDividend |
Jan 31, 2020 | $0.013 | OrdinaryDividend |
Dec 31, 2019 | $0.028 | OrdinaryDividend |
Nov 29, 2019 | $0.017 | OrdinaryDividend |
Oct 31, 2019 | $0.017 | OrdinaryDividend |
Sep 30, 2019 | $0.018 | OrdinaryDividend |
Aug 30, 2019 | $0.018 | OrdinaryDividend |
Jul 31, 2019 | $0.020 | OrdinaryDividend |
Jun 28, 2019 | $0.019 | OrdinaryDividend |
Dec 28, 2018 | $0.003 | CapitalGainShortTerm |
Dec 27, 2018 | $0.023 | ExtraDividend |
Jul 13, 2015 | $0.003 | CapitalGainShortTerm |
Jul 13, 2015 | $0.003 | CapitalGainLongTerm |
Dec 30, 2014 | $0.004 | CapitalGainShortTerm |
Dec 30, 2013 | $0.005 | CapitalGainShortTerm |
Jul 08, 2013 | $0.003 | CapitalGainLongTerm |
Dec 31, 2012 | $0.008 | CapitalGainShortTerm |
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 |