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FAUDX Strategic Advisers® Short Duration

  • Fund
  • FAUDX
  • Price as of: Jun 14, 2019
  • $10.05 - $0.00 - 0.00%
  • Category
  • Total Bond Market

FAUDX - Profile

Vitals

  • YTD Return 1.1%
  • 3 Yr Annualized Return 0.1%
  • 5 Yr Annualized Return -0.1%
  • Net Assets $7.13 B
  • Holdings in Top 10 59.5%

52 WEEK LOW AND HIGH

$10.05
$9.94
$10.05

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.35%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 25.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Ultrashort Bond

Distributions

  • YTD Total Return 1.1%
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.67%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Strategic Advisers® Short Duration Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Dec 20, 2011
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Jonathan Duggan

Fund Description

The fund allocates among affiliated fixed-income funds and non-affiliated fixed-income funds that participate in Fidelity's FundsNetwork®, and non-affiliated ETFs (underlying funds) and sub-advisers. It allocates assets among underlying funds and sub-advisers to achieve similar overall interest rate risk to the Citigroup® 6-Month U.S. Treasury Bill Index. The fund normally invests in U.S. dollar-denominated money market and investment-grade debt securities, and repurchase agreements. It maintains a dollar-weighted average maturity of three years or less.

FAUDX - Performance

Return Ranking - Trailing

Period FAUDX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% N/A N/A N/A
1 Yr 0.4% N/A N/A N/A
3 Yr 0.1%* N/A N/A N/A
5 Yr -0.1%* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized


Return Ranking - Calendar

Period FAUDX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.0% N/A N/A N/A
2017 0.2% N/A N/A N/A
2016 0.5% N/A N/A N/A
2015 -0.6% N/A N/A N/A
2014 -0.3% N/A N/A N/A

Total Return Ranking - Trailing

Period FAUDX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% N/A N/A N/A
1 Yr 0.7% N/A N/A N/A
3 Yr 0.2%* N/A N/A N/A
5 Yr 0.0%* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized


Total Return Ranking - Calendar

Period FAUDX Return Category Return Low Category Return High Rank in Category (%)
2018 -0.7% N/A N/A N/A
2017 0.2% N/A N/A N/A
2016 0.5% N/A N/A N/A
2015 -0.5% N/A N/A N/A
2014 -0.3% N/A N/A N/A

NAV & Total Return History

FAUDX - Holdings

Concentration Analysis

FAUDX Category Low Category High FAUDX % Rank
Net Assets 7.13 B N/A N/A N/A
Number of Holdings 989 N/A N/A N/A
Net Assets in Top 10 4.17 B N/A N/A N/A
Weighting of Top 10 59.45% N/A N/A N/A

Top 10 Holdings

  1. PIMCO Short-Term Admin 25.59%

  2. Fidelity® Short-Term Bond 8.87%

  3. BlackRock Low Duration Bond Inv A 6.44%

  4. Metropolitan West Low Duration Bd M 4.14%

  5. Fidelity® Floating Rate High Income 3.33%

  6. Baird Short-Term Bond Inst 2.73%

  7. PIMCO Enhanced Short Maturity Active ETF 2.16%

  8. iShares Short Treasury Bond ETF 2.14%

  9. PGIM Short-Term Corporate Bond A 2.04%

  10. JPMorgan Ultra-Short Income ETF 2.00%


Asset Allocation

Weighting Return Low Return High FAUDX % Rank
Bonds
96.79% N/A N/A N/A
Other
2.33% N/A N/A N/A
Convertible Bonds
1.07% N/A N/A N/A
Stocks
0.03% N/A N/A N/A
Preferred Stocks
0.01% N/A N/A N/A
Cash
-0.23% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High FAUDX % Rank
Utilities
0.03% N/A N/A N/A
Basic Materials
0.01% N/A N/A N/A
Technology
0.00% N/A N/A N/A
Real Estate
0.00% N/A N/A N/A
Industrials
0.00% N/A N/A N/A
Healthcare
0.00% N/A N/A N/A
Financial Services
0.00% N/A N/A N/A
Energy
0.00% N/A N/A N/A
Communication Services
0.00% N/A N/A N/A
Consumer Defense
0.00% N/A N/A N/A
Consumer Cyclical
0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High FAUDX % Rank
US
0.03% N/A N/A N/A
Non US
0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High FAUDX % Rank
Corporate
53.33% N/A N/A N/A
Securitized
25.52% N/A N/A N/A
Government
17.72% N/A N/A N/A
Municipal
0.22% N/A N/A N/A
Derivative
0.06% N/A N/A N/A
Cash & Equivalents
-0.39% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High FAUDX % Rank
US
72.91% N/A N/A N/A
Non US
23.88% N/A N/A N/A

FAUDX - Expenses

Operational Fees

FAUDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.35% N/A N/A N/A
Management Fee 0.28% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

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

Trading Fees

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

Turnover 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 25.00% N/A N/A N/A

FAUDX - Distributions

Dividend Yield Analysis

FAUDX Category Low Category High FAUDX % Rank
Dividend Yield 0.02% N/A N/A N/A

Dividend Distribution Analysis

FAUDX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly

Dividend Payout History


Net Income Ratio Analysis

FAUDX Category Low Category High FAUDX % Rank
Net Income Ratio 1.67% N/A N/A N/A

Capital Gain Distribution Analysis

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

FAUDX - Managers

Jonathan Duggan

Manager

Start Date

Tenure

Tenure Rank

Aug 23, 2018

0.77

0.8%

Since joining Fidelity Investments in 2007, Mr. Duggan has worked as team leader of fixed income research and portfolio manager.


Christopher Heavey

Manager

Start Date

Tenure

Tenure Rank

Apr 11, 2019

0.14

0.1%

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

N/A

Category High

N/A

Category Average

N/A

Category Mode

N/A