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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$9.22

$45.1 B

3.56%

$0.33

0.31%

Vitals

YTD Return

2.0%

1 yr return

-11.9%

3 Yr Avg Return

-5.7%

5 Yr Avg Return

-2.4%

Net Assets

$45.1 B

Holdings in Top 10

53.2%

52 WEEK LOW AND HIGH

$9.2
$8.68
$10.46

Expenses

OPERATING FEES

Expense Ratio 0.31%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 110.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$9.22

$45.1 B

3.56%

$0.33

0.31%

FPCIX - Profile

Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return -5.7%
  • 5 Yr Annualized Total Return -2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.31%
DIVIDENDS
  • Dividend Yield 3.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Strategic Advisers® Core Income Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Sep 27, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jonathan Duggan

Fund Description

Normally investing primarily in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities. Investing up to 30% of assets in high yield and emerging market debt securities. 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. Using the Bloomberg U.S. Aggregate Bond Index as a guide in allocating assets among underlying funds and sub-advisers. 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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FPCIX - Performance

Return Ranking - Trailing

Period FPCIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -50.1% 8.6% 77.63%
1 Yr -11.9% -27.5% 145.1% 72.94%
3 Yr -5.7%* -13.2% 104.7% 72.82%
5 Yr -2.4%* -9.2% 55.7% 68.94%
10 Yr -1.6%* -7.1% 12.5% 56.41%

* Annualized

Return Ranking - Calendar

Period FPCIX Return Category Return Low Category Return High Rank in Category (%)
2022 -16.5% -75.2% 1360.6% 65.44%
2021 -1.9% -14.5% 1027.9% 66.50%
2020 1.3% -9.6% 118.7% 50.70%
2019 1.3% -11.4% 5.8% 64.01%
2018 -0.6% -49.5% 12.4% 46.07%

Total Return Ranking - Trailing

Period FPCIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -50.1% 8.6% 33.70%
1 Yr -11.9% -27.5% 145.1% 72.85%
3 Yr -5.7%* -13.2% 104.7% 72.82%
5 Yr -2.3%* -9.2% 55.7% 71.28%
10 Yr -1.5%* -7.1% 13.3% 64.84%

* Annualized

Total Return Ranking - Calendar

Period FPCIX Return Category Return Low Category Return High Rank in Category (%)
2022 -16.9% -75.2% 131.9% 73.73%
2021 -1.9% -14.5% 1027.9% 66.41%
2020 1.3% -9.6% 118.7% 50.70%
2019 1.3% -11.4% 5.8% 65.16%
2018 -0.6% -7.0% 12.4% 49.66%

NAV & Total Return History


FPCIX - Holdings

Concentration Analysis

FPCIX Category Low Category High FPCIX % Rank
Net Assets 45.1 B 1.19 M 287 B 3.93%
Number of Holdings 4250 1 17234 5.78%
Net Assets in Top 10 24.2 B -106 M 27.6 B 0.63%
Weighting of Top 10 53.16% 3.7% 100.0% 14.59%

Top 10 Holdings

  1. PIMCO Total Return Instl 12.73%
  2. Fidelity® SAI Total Bond 12.58%
  3. Western Asset Core Plus Bond I 6.63%
  4. Western Asset Core Bond I 5.14%
  5. DoubleLine Total Return Bond N 3.74%
  6. Voya Intermediate Bond I 3.11%
  7. PIMCO Mortgage Opportunities and BdInstl 2.94%
  8. PIMCO Income Instl 2.52%
  9. Fidelity Revere Str Tr 1.98%
  10. American Funds Bond Fund of Amer F2 1.89%

Asset Allocation

Weighting Return Low Return High FPCIX % Rank
Bonds
103.49% 3.97% 268.18% 11.61%
Convertible Bonds
1.97% 0.00% 10.39% 30.98%
Preferred Stocks
0.17% 0.00% 77.13% 20.69%
Other
0.14% -13.23% 23.06% 4.07%
Stocks
0.13% -0.98% 24.74% 16.11%
Cash
-5.91% -181.13% 95.99% 88.53%

Stock Sector Breakdown

Weighting Return Low Return High FPCIX % Rank
Financial Services
31.46% 0.00% 100.00% 23.76%
Communication Services
16.63% 0.00% 100.00% 5.52%
Energy
12.46% 0.00% 100.00% 34.25%
Utilities
8.75% 0.00% 100.00% 17.13%
Real Estate
7.40% 0.00% 99.26% 15.47%
Consumer Defense
7.06% 0.00% 99.67% 10.50%
Basic Materials
6.12% 0.00% 100.00% 9.94%
Consumer Cyclical
5.00% 0.00% 100.00% 23.76%
Healthcare
2.82% 0.00% 17.70% 18.78%
Industrials
1.45% 0.00% 48.31% 35.36%
Technology
0.84% 0.00% 48.30% 23.20%

Stock Geographic Breakdown

Weighting Return Low Return High FPCIX % Rank
Non US
0.07% -0.04% 4.86% 1.63%
US
0.06% -0.94% 24.47% 19.24%

Bond Sector Breakdown

Weighting Return Low Return High FPCIX % Rank
Government
35.83% 0.00% 86.23% 27.37%
Securitized
26.85% 0.00% 98.79% 58.18%
Corporate
22.36% 0.00% 100.00% 78.77%
Derivative
8.66% 0.00% 25.16% 6.23%
Cash & Equivalents
5.99% 0.00% 95.99% 36.40%
Municipal
0.31% 0.00% 100.00% 54.47%

Bond Geographic Breakdown

Weighting Return Low Return High FPCIX % Rank
US
89.30% 3.63% 210.09% 37.94%
Non US
14.19% -6.54% 58.09% 20.42%

FPCIX - Expenses

Operational Fees

FPCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.31% 0.01% 2.93% 86.83%
Management Fee 0.28% 0.00% 1.76% 23.69%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

FPCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

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

FPCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 110.00% 2.00% 493.39% 44.02%

FPCIX - Distributions

Dividend Yield Analysis

FPCIX Category Low Category High FPCIX % Rank
Dividend Yield 3.56% 0.00% 23.43% 34.29%

Dividend Distribution Analysis

FPCIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Semi-Annually Monthly Monthly

Net Income Ratio Analysis

FPCIX Category Low Category High FPCIX % Rank
Net Income Ratio 2.31% -1.28% 8.97% 15.50%

Capital Gain Distribution Analysis

FPCIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Distributions History

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FPCIX - Fund Manager Analysis

Managers

Jonathan Duggan


Start Date

Tenure

Tenure Rank

Feb 14, 2018

4.29

4.3%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.77 1.16