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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$10.11

$6.17 B

0.40%

$0.04

0.28%

Vitals

YTD Return

-0.2%

1 yr return

0.7%

3 Yr Avg Return

2.2%

5 Yr Avg Return

1.9%

Net Assets

$6.17 B

Holdings in Top 10

53.5%

52 WEEK LOW AND HIGH

$10.1
$10.11
$10.17

Expenses

OPERATING FEES

Expense Ratio 0.28%

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

Investment Style

Ultrashort Bond


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$10.11

$6.17 B

0.40%

$0.04

0.28%

FAUDX - Profile

Distributions

  • YTD Total Return -0.2%
  • 3 Yr Annualized Total Return 2.2%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.05%
DIVIDENDS
  • Dividend Yield 0.4%
  • 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 FTSE 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 -0.2% -2.0% 1.4% 46.47%
1 Yr 0.7% -0.9% 10.3% 35.39%
3 Yr 2.2%* -0.3% 3.3% 15.79%
5 Yr 1.9%* 0.5% 4.5% 20.30%
10 Yr N/A* 0.0% 3.5% N/A

* Annualized

Return Ranking - Calendar

Period FAUDX Return Category Return Low Category Return High Rank in Category (%)
2020 0.9% -3.1% 1.8% 7.36%
2019 1.0% -1.2% 6.1% 18.98%
2018 -1.0% -9.4% 0.4% 84.21%
2017 0.2% -2.0% 100.0% 29.07%
2016 0.5% -1.4% 900.0% 27.03%

Total Return Ranking - Trailing

Period FAUDX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -2.0% 1.4% 46.47%
1 Yr 0.7% -5.1% 10.3% 33.74%
3 Yr 2.2%* -0.3% 3.3% 14.91%
5 Yr 1.9%* 0.4% 4.5% 19.80%
10 Yr N/A* 0.0% 3.5% N/A

* Annualized

Total Return Ranking - Calendar

Period FAUDX Return Category Return Low Category Return High Rank in Category (%)
2020 0.9% -3.1% 1.8% 7.36%
2019 1.0% -1.2% 6.1% 21.30%
2018 -0.7% -51.1% 2.0% 75.26%
2017 0.2% -2.0% 6.1% 36.63%
2016 0.5% -1.4% 900.0% 33.78%

NAV & Total Return History


FAUDX - Holdings

Concentration Analysis

FAUDX Category Low Category High FAUDX % Rank
Net Assets 6.17 B 24.6 K 21.9 B 20.56%
Number of Holdings 1048 1 3144 8.87%
Net Assets in Top 10 3.3 B -33.6 M 11.4 B 1.21%
Weighting of Top 10 53.52% 0.0% 100.0% 9.35%

Top 10 Holdings

  1. PIMCO Short-Term Instl 13.60%
  2. Baird Ultra Short Bond Institutional 6.32%
  3. PIMCO Enhanced Short Maturity Active ETF 5.23%
  4. Fidelity® SAI Short-Term Bond 4.62%
  5. Fidelity® Inv MM Fds Government Instl 4.52%
  6. BlackRock Low Duration Bond Inv A 4.45%
  7. T. Rowe Price Ultra Short-Term Bond 4.30%
  8. JPMorgan Ultra-Short Income ETF 3.62%
  9. iShares Short Maturity Bond ETF 3.43%
  10. Metropolitan West Low Duration Bd M 3.42%

Asset Allocation

Weighting Return Low Return High FAUDX % Rank
Bonds
77.01% 0.00% 102.97% 55.65%
Cash
18.38% -6.83% 100.00% 47.98%
Convertible Bonds
4.16% 0.00% 15.40% 28.63%
Other
0.43% -10.49% 16.82% 10.08%
Stocks
0.03% 0.00% 17.66% 6.85%
Preferred Stocks
0.00% 0.00% 0.00% 4.44%

Stock Sector Breakdown

Weighting Return Low Return High FAUDX % Rank
Healthcare
100.00% 0.00% 100.00% 7.69%
Utilities
0.00% 0.00% 100.00% 46.15%
Technology
0.00% 0.00% 25.02% 38.46%
Real Estate
0.00% 0.00% 2.62% 38.46%
Industrials
0.00% 0.00% 8.53% 38.46%
Financial Services
0.00% 0.00% 100.00% 46.15%
Energy
0.00% 0.00% 100.00% 76.92%
Communication Services
0.00% 0.00% 11.92% 61.54%
Consumer Defense
0.00% 0.00% 6.20% 38.46%
Consumer Cyclical
0.00% 0.00% 11.68% 61.54%
Basic Materials
0.00% 0.00% 14.40% 61.54%

Stock Geographic Breakdown

Weighting Return Low Return High FAUDX % Rank
US
0.03% 0.00% 17.66% 6.85%
Non US
0.00% 0.00% 0.44% 5.65%

Bond Sector Breakdown

Weighting Return Low Return High FAUDX % Rank
Corporate
39.78% 0.00% 99.61% 45.16%
Securitized
22.70% 0.00% 100.00% 52.42%
Cash & Equivalents
18.85% 0.00% 100.00% 48.79%
Government
16.64% 0.00% 100.00% 17.74%
Derivative
1.41% 0.00% 24.33% 4.84%
Municipal
0.62% 0.00% 66.40% 22.58%

Bond Geographic Breakdown

Weighting Return Low Return High FAUDX % Rank
US
55.77% 0.00% 100.00% 59.27%
Non US
21.24% 0.00% 79.32% 23.39%

FAUDX - Expenses

Operational Fees

FAUDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.28% 0.03% 1.60% 69.11%
Management Fee 0.29% 0.00% 1.19% 61.85%
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 0.50% 3.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

FAUDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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% 326.00% 86.52%

FAUDX - Distributions

Dividend Yield Analysis

FAUDX Category Low Category High FAUDX % Rank
Dividend Yield 0.40% 0.00% 0.22% 8.84%

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% -0.20% 2.83% 51.04%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FAUDX - Fund Manager Analysis

Managers

Jonathan Duggan


Start Date

Tenure

Tenure Rank

Aug 23, 2018

3.11

3.1%

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

2.47

2.5%

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
0.01 31.77 5.77 3.5