FPCIX: Strategic Advisers® Core Income

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FPCIX Strategic Advisers® Core Income


Profile

FPCIX - Profile

Vitals

  • YTD Return -0.2%
  • 3 Yr Annualized Return 0.9%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $46.3 B
  • Holdings in Top 10 67.6%

52 WEEK LOW AND HIGH

$10.78
$10.31
$11.29

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

Fund Classification


Distributions

  • YTD Total Return -0.2%
  • 3 Yr Annualized Total Return 1.0%
  • 5 Yr Annualized Total Return 0.2%
  • 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.


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Categories

Fund Company Quick Screens

FPCIX - Fund Company Quick Screens


Performance

FPCIX - Performance

Return Ranking - Trailing

Period FPCIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -21.8% 5.0% 48.40%
1 Yr 2.6% -23.2% 9.6% 48.31%
3 Yr 0.9%* -10.9% 4.7% 41.15%
5 Yr 0.0%* -8.9% 23.2% 31.48%
10 Yr 0.4%* -5.3% 11.9% 26.36%

* Annualized

Return Ranking - Calendar

Period FPCIX Return Category Return Low Category Return High Rank in Category (%)
2019 5.2% -1.3% 13.9% 49.36%
2018 -3.2% -10.3% 2.7% 40.00%
2017 1.9% -2.0% 8.1% 29.84%
2016 0.7% -8.5% 192.8% 47.43%
2015 -3.0% -12.2% -0.2% 33.54%

Total Return Ranking - Trailing

Period FPCIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -21.8% 5.0% 48.40%
1 Yr 2.6% -23.2% 9.6% 48.31%
3 Yr 1.0%* -10.9% 4.7% 51.04%
5 Yr 0.2%* -8.9% 27.3% 39.51%
10 Yr 0.9%* -5.3% 16.5% 44.55%

* Annualized

Total Return Ranking - Calendar

Period FPCIX Return Category Return Low Category Return High Rank in Category (%)
2019 5.2% -1.2% 13.9% 50.21%
2018 -3.1% -10.3% 3.9% 52.68%
2017 2.1% -1.5% 8.4% 44.50%
2016 1.4% -4.6% 204.3% 42.86%
2015 -2.9% -12.2% 3.7% 55.28%

NAV & Total Return History


Holdings

FPCIX - Holdings

Concentration Analysis

FPCIX Category Low Category High FPCIX % Rank
Net Assets 46.3 B 3.06 M 69.4 B 7.91%
Number of Holdings 1565 5 7557 15.60%
Net Assets in Top 10 31.5 B 1.7 M 39.5 B 3.20%
Weighting of Top 10 67.58% 5.9% 98.5% 9.92%

Top 10 Holdings

  1. PIMCO Total Return Instl 15.42%
  2. Fidelity SAI Total Bond 14.40%
  3. Fidelity® SAI US Treasury Bd Idx 8.35%
  4. Western Asset Core Plus Bond I 7.02%
  5. Metropolitan West Total Return Bd M 5.01%
  6. Western Asset Core Bond I 4.68%
  7. PGIM Total Return Bond A 4.53%
  8. DoubleLine Total Return Bond N 2.95%
  9. PIMCO Income Instl 2.66%
  10. Voya Intermediate Bond I 2.57%

Asset Allocation

Weighting Return Low Return High FPCIX % Rank
Bonds
107.09% 58.17% 167.18% 21.91%
Convertible Bonds
1.37% 0.00% 6.52% 31.60%
Other
1.16% -23.25% 7.70% 9.60%
Stocks
0.03% -1.45% 15.11% 14.74%
Preferred Stocks
0.02% 0.00% 2.42% 30.00%
Cash
-9.67% -74.25% 36.46% 84.00%

Stock Sector Breakdown

Weighting Return Low Return High FPCIX % Rank
Real Estate
26.36% 0.00% 56.07% 7.69%
Communication Services
25.39% 0.00% 25.39% 1.10%
Consumer Cyclical
17.99% 0.00% 100.00% 10.99%
Financial Services
14.90% 0.00% 100.00% 37.36%
Energy
11.98% 0.00% 100.00% 38.46%
Utilities
1.27% 0.00% 100.00% 46.15%
Healthcare
0.93% 0.00% 48.57% 9.89%
Technology
0.47% 0.00% 75.97% 10.99%
Industrials
0.38% 0.00% 69.99% 34.07%
Consumer Defense
0.34% 0.00% 31.71% 12.09%
Basic Materials
0.00% 0.00% 100.00% 60.44%

Stock Geographic Breakdown

Weighting Return Low Return High FPCIX % Rank
US
0.03% 0.00% 10.43% 13.60%
Non US
0.00% -1.45% 4.68% 50.80%

Bond Sector Breakdown

Weighting Return Low Return High FPCIX % Rank
Securitized
33.77% 0.00% 91.34% 47.60%
Government
32.91% 0.00% 93.09% 35.60%
Corporate
20.10% 0.00% 80.84% 70.00%
Cash & Equivalents
7.29% -28.66% 39.45% 36.80%
Derivative
5.55% -0.04% 29.60% 19.60%
Municipal
0.37% 0.00% 25.21% 45.60%

Bond Geographic Breakdown

Weighting Return Low Return High FPCIX % Rank
US
94.10% 29.48% 224.14% 29.20%
Non US
12.99% -165.97% 67.57% 45.20%

Expenses

FPCIX - Expenses

Operational Fees

FPCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.30% 0.02% 37.25% 96.65%
Management Fee 0.28% 0.00% 0.96% 6.35%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.50% N/A

Sales Fees

FPCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FPCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 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 78.00% 7.12% 684.00% 42.86%

Distributions

FPCIX - Distributions

Dividend Yield Analysis

FPCIX Category Low Category High FPCIX % Rank
Dividend Yield 0.00% 0.00% 3.80% 60.47%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FPCIX Category Low Category High FPCIX % Rank
Net Income Ratio 3.15% -0.35% 8.52% 27.50%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FPCIX - Fund Manager Analysis

Managers

Jonathan Duggan


Start Date

Tenure

Tenure Rank

Feb 14, 2018

2.04

2.0%

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
0.13 27.18 5.58 5.43