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FPCIX Strategic Advisers® Core Income

  • Fund
  • FPCIX
  • Price as of: Jul 18, 2019
  • $10.78 + $0.02 + 0.19%
  • Category
  • Total Bond Market

FPCIX - Profile

Vitals

  • YTD Return 5.0%
  • 3 Yr Annualized Return 0.2%
  • 5 Yr Annualized Return 0.1%
  • Net Assets $41.3 B
  • Holdings in Top 10 69.6%

52 WEEK LOW AND HIGH

$10.78
$10.13
$10.81

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.30%

SALES FEES

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

BROKERAGE FEES

  • Turnover 78.00%

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 Intermediate Core-Plus Bond

Distributions

  • YTD Total Return 5.0%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.15%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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

The fund invests primarily in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities. It invests up to 30% of assets in high yield and emerging market debt securities. The fund invests in domestic and foreign issuers. It allocates assets among affiliated fixed-income funds (i.e., Fidelity® funds) and non-affiliated fixed-income funds that participate in Fidelity's FundsNetwork®, and non-affiliated exchange traded funds (ETFs) (underlying funds) and sub-advisers.

FPCIX - Performance

Return Ranking - Trailing

Period FPCIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -3.8% 13.0% 32.80%
1 Yr 4.4% -10.0% 8.4% 21.95%
3 Yr 0.2%* -4.2% 4.6% 19.34%
5 Yr 0.1%* -8.5% 23.6% 16.95%
10 Yr 1.1%* -7.3% 26.2% 28.70%

* Annualized


Return Ranking - Calendar

Period FPCIX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.2% -22.2% 3.1% 53.84%
2017 1.9% -5.1% 25.1% 22.79%
2016 0.7% -8.5% 192.8% 45.69%
2015 -3.0% -33.0% 3.0% 59.34%
2014 2.2% -29.8% 32.1% 29.87%

Total Return Ranking - Trailing

Period FPCIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -3.8% 13.0% 35.13%
1 Yr 4.4% -10.0% 9.9% 25.79%
3 Yr 0.4%* -4.2% 6.8% 34.00%
5 Yr 0.4%* -8.2% 28.6% 32.84%
10 Yr 1.6%* -7.3% 26.4% 37.38%

* Annualized


Total Return Ranking - Calendar

Period FPCIX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.1% -22.2% 7.9% 59.64%
2017 2.1% -4.6% 25.1% 33.67%
2016 1.4% -4.1% 204.3% 41.56%
2015 -2.9% -32.4% 4.2% 69.06%
2014 2.3% -29.8% 32.1% 41.08%

NAV & Total Return History

FPCIX - Holdings

Concentration Analysis

FPCIX Category Low Category High FPCIX % Rank
Net Assets 41.3 B 330 K 229 B 4.06%
Number of Holdings 1230 3 17343 19.15%
Net Assets in Top 10 28.4 B -28.8 B 32.2 B 0.47%
Weighting of Top 10 69.60% 4.0% 1674.7% 13.83%

Top 10 Holdings

  1. PIMCO Total Return Instl 16.94%

  2. Fidelity SAI Total Bond 16.16%

  3. Western Asset Core Plus Bond I 7.69%

  4. Fidelity® SAI US Treasury Bd Idx 6.36%

  5. Metropolitan West Total Return Bd M 4.76%

  6. PGIM Total Return Bond A 4.76%

  7. Western Asset Core Bond I 4.47%

  8. PIMCO Income Instl 3.21%

  9. DoubleLine Total Return Bond N 2.75%

  10. Voya Intermediate Bond I 2.51%


Asset Allocation

Weighting Return Low Return High FPCIX % Rank
Bonds
104.16% 0.00% 394.27% 13.03%
Other
1.17% -98.58% 236.55% 8.18%
Convertible Bonds
1.00% 0.00% 18.42% 34.57%
Preferred Stocks
0.03% 0.00% 20.33% 27.46%
Stocks
0.01% -3.42% 96.77% 24.87%
Cash
-6.38% -539.21% 70.47% 86.90%

Stock Sector Breakdown

Weighting Return Low Return High FPCIX % Rank
Real Estate
0.01% -0.04% 11.09% 13.92%
Utilities
0.00% -0.05% 8.49% 24.21%
Technology
0.00% -0.35% 12.99% 17.92%
Industrials
0.00% -0.15% 12.95% 25.79%
Healthcare
0.00% -0.20% 10.55% 20.70%
Financial Services
0.00% -0.01% 19.01% 28.93%
Energy
0.00% 0.00% 11.26% 37.29%
Communication Services
0.00% -0.05% 4.01% 22.15%
Consumer Defense
0.00% -0.18% 10.56% 15.50%
Consumer Cyclical
0.00% -0.18% 9.63% 31.48%
Basic Materials
0.00% 0.00% 7.19% 19.85%

Stock Geographic Breakdown

Weighting Return Low Return High FPCIX % Rank
US
0.01% -4.95% 59.49% 21.28%
Non US
0.00% -0.18% 91.88% 15.96%

Bond Sector Breakdown

Weighting Return Low Return High FPCIX % Rank
Securitized
46.46% 0.00% 103.00% 23.67%
Corporate
29.21% 0.00% 127.23% 63.43%
Government
27.01% -74.72% 316.66% 35.90%
Derivative
1.74% -234.33% 48.69% 7.25%
Municipal
0.48% 0.00% 102.07% 35.84%
Cash & Equivalents
-6.47% -532.79% 70.33% 86.97%

Bond Geographic Breakdown

Weighting Return Low Return High FPCIX % Rank
US
94.88% 0.00% 219.16% 15.36%
Non US
9.28% -41.14% 244.34% 55.39%

FPCIX - Expenses

Operational Fees

FPCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.30% 0.00% 38.42% 95.08%
Management Fee 0.28% 0.00% 2.15% 17.69%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.63% N/A

Sales Fees

FPCIX 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 0.15% 5.50% N/A

Trading Fees

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

FPCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 78.00% 0.00% 2337.00% 49.04%

FPCIX - Distributions

Dividend Yield Analysis

FPCIX Category Low Category High FPCIX % Rank
Dividend Yield 0.01% 0.00% 8.86% 89.96%

Dividend Distribution Analysis

FPCIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

FPCIX Category Low Category High FPCIX % Rank
Net Income Ratio 3.15% -2.82% 7.22% 21.76%

Capital Gain Distribution Analysis

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

FPCIX - Managers

Jonathan Duggan

Manager

Start Date

Tenure

Tenure Rank

Feb 14, 2018

1.37

1.4%

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


Tenure Analysis

Category Low

0.0

Category High

30.51

Category Average

6.95

Category Mode

7.12