FBNIX: Fidelity Advisor® Short-Term Bd I

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FBNIX Fidelity Advisor® Short-Term Bd I


Profile

FBNIX - Profile

Vitals

  • YTD Return 0.3%
  • 3 Yr Annualized Return 0.5%
  • 5 Yr Annualized Return N/A
  • Net Assets $5.33 B
  • Holdings in Top 10 24.3%

52 WEEK LOW AND HIGH

$8.73
$8.57
$8.75

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.51%

SALES FEES

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

BROKERAGE FEES

  • Turnover 46.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.3%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.22%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity® Short-Term Bond Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Jul 12, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert Galusza

Fund Description

The fund normally invests at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities. Its manager manages the fund to have similar overall interest rate risk to the Bloomberg Barclays U.S. 1-3 Year Government/Credit Bond Index. The fund normally maintains a dollar-weighted average maturity of three years or less. It allocates assets across different market sectors and maturities. The fund invests in domestic and foreign issuers.


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Categories

Fund Company Quick Screens

FBNIX - Fund Company Quick Screens


Performance

FBNIX - Performance

Return Ranking - Trailing

Period FBNIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -1.4% 6.6% 90.10%
1 Yr 2.0% -1.4% 86.3% 84.23%
3 Yr 0.5%* -2.6% 23.0% 77.94%
5 Yr N/A* -14.5% 12.5% 25.75%
10 Yr N/A* -8.5% 6.7% 32.79%

* Annualized

Return Ranking - Calendar

Period FBNIX Return Category Return Low Category Return High Rank in Category (%)
2019 2.0% -1.7% 83.9% 83.07%
2018 -0.6% -11.7% 4.6% 7.98%
2017 -0.1% -4.4% 8.3% 85.33%
2016 N/A -58.1% 7.7% N/A
2015 N/A -18.3% 3.0% N/A

Total Return Ranking - Trailing

Period FBNIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -1.4% 6.6% 90.10%
1 Yr 2.0% -1.4% 86.3% 84.37%
3 Yr 0.5%* -2.6% 23.0% 80.87%
5 Yr N/A* -14.5% 12.5% 32.79%
10 Yr N/A* -8.5% 7.1% 40.36%

* Annualized

Total Return Ranking - Calendar

Period FBNIX Return Category Return Low Category Return High Rank in Category (%)
2019 2.0% -1.7% 83.9% 83.66%
2018 -0.5% -11.7% 6.5% 13.75%
2017 -0.1% -4.4% 10.4% 85.76%
2016 N/A -58.1% 10.7% N/A
2015 N/A -14.6% 4.2% N/A

NAV & Total Return History


Holdings

FBNIX - Holdings

Concentration Analysis

FBNIX Category Low Category High FBNIX % Rank
Net Assets 5.33 B 690 K 259 B 14.19%
Number of Holdings 476 1 17590 34.52%
Net Assets in Top 10 1.27 B -216 M 23.5 B 9.75%
Weighting of Top 10 24.30% 2.3% 144.8% 41.47%

Top 10 Holdings

  1. United States Treasury Notes 2.12% 6.45%
  2. United States Treasury Notes 2.88% 5.33%
  3. United States Treasury Notes 2.38% 3.65%
  4. United States Treasury Notes 1.12% 3.45%
  5. United States Treasury Notes 2.62% 2.51%
  6. Fannie Mae 3% 15 Year 0.65%
  7. Freddie Mac 3% 15 Year 0.62%
  8. Freddie Mac 2.5% 15 Year 0.57%
  9. JPMorgan Chase & Co. 3.51% 0.55%
  10. Bank of America Corporation 3% 0.53%

Asset Allocation

Weighting Return Low Return High FBNIX % Rank
Bonds
89.95% 80.02% 160.64% 92.69%
Cash
8.64% -60.64% 19.63% 6.92%
Convertible Bonds
1.40% 0.00% 6.13% 13.66%
Stocks
0.00% -0.98% 26.05% 57.10%
Preferred Stocks
0.00% 0.00% 7.43% 60.93%
Other
0.00% -8.60% 31.85% 59.14%

Bond Sector Breakdown

Weighting Return Low Return High FBNIX % Rank
Corporate
42.47% 0.00% 99.29% 14.19%
Securitized
26.48% 0.00% 98.40% 32.08%
Government
22.14% -2.21% 122.41% 29.50%
Cash & Equivalents
8.64% -29.57% 21.18% 7.99%
Municipal
0.27% 0.00% 100.11% 68.28%
Derivative
0.00% -0.83% 20.88% 59.71%

Bond Geographic Breakdown

Weighting Return Low Return High FBNIX % Rank
US
78.86% 58.28% 160.64% 90.97%
Non US
11.09% -12.34% 26.76% 19.35%

Expenses

FBNIX - Expenses

Operational Fees

FBNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.51% 0.01% 4.78% 79.80%
Management Fee 0.30% 0.00% 1.10% 24.91%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

FBNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FBNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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.

FBNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 46.00% 0.00% 1434.00% 52.28%

Distributions

FBNIX - Distributions

Dividend Yield Analysis

FBNIX Category Low Category High FBNIX % Rank
Dividend Yield 0.32% 0.00% 3.49% 68.56%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FBNIX Category Low Category High FBNIX % Rank
Net Income Ratio 2.22% 0.00% 6.30% 69.35%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FBNIX - Fund Manager Analysis

Managers

Robert Galusza


Start Date

Tenure

Tenure Rank

Jul 12, 2007

12.56

12.6%

Rob Galusza is a portfolio manager in the Fixed Income division at Fidelity Management & Research Company (FMR Co.), 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. Before joining Fidelity in 1987, Mr. Galusza was an international underwriter at Chubb and Son Inc. In this capacity, he performed risk analysis on international corporations. He has been in the insurance and investments industries since 1985. Mr. Galusza earned his bachelor of science degree in finance, with concentrations in investments and marketing, from Babson College and his master of science in finance degree from Boston College’s Carroll School of Management.

Julian Potenza


Start Date

Tenure

Tenure Rank

Oct 30, 2017

2.25

2.3%

Julian Potenza is a portfolio manager in the Fixed Income division at Fidelity Management & Research Company (FMR Co.), 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. Prior to joining Fidelity in 2007, Mr. Potenza was a credit analyst at Investors Bank and Trust. He has been in the investment industry since 2003. Mr. Potenza earned his bachelor of science degree in finance and economics from the Carroll School of Management at Boston College. He is also a CFA charterholder.

David DeBiase


Start Date

Tenure

Tenure Rank

Sep 30, 2019

0.34

0.3%

Dave DeBiase is a portfolio manager in the Fixed Income division at Fidelity Management & Research Company (FMR Co.), 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. Before joining Fidelity in 2006, he worked as a senior structured products analyst at Standish Mellon Asset Management. He has been in the investment industry since 2000. Mr. DeBiase earned his bachelor of business science degree in accounting from Bentley College and his master of business administration degree from Boston College. He is also a CFA charterholder and a board member of the Hamilton Wenham Edfund, which provides grants to promote educational excellence within the Hamilton Wenham school district.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 33.19 7.45 0.08