Fidelity Sustainable Low Duration Bond Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.4%
1 yr return
5.1%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$26.3 M
Holdings in Top 10
36.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.25%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FAPEX - Profile
Distributions
- YTD Total Return 1.4%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 3.2%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFidelity Sustainable Low Duration Bond Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateApr 28, 2022
-
Shares OutstandingN/A
-
Share ClassZ
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid DeBiase
Fund Description
FAPEX - Performance
Return Ranking - Trailing
Period | FAPEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.4% | -1.7% | 3.5% | 77.31% |
1 Yr | 5.1% | -0.5% | 12.6% | 79.07% |
3 Yr | N/A* | -2.2% | 5.9% | N/A |
5 Yr | N/A* | -1.0% | 3.9% | N/A |
10 Yr | N/A* | -4.5% | 27.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | FAPEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.7% | -2.3% | 4.3% | 31.02% |
2022 | N/A | -6.5% | 0.5% | N/A |
2021 | N/A | -2.1% | 0.3% | N/A |
2020 | N/A | -3.1% | 1.8% | N/A |
2019 | N/A | -1.2% | 6.1% | N/A |
Total Return Ranking - Trailing
Period | FAPEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.4% | -1.7% | 3.5% | 77.31% |
1 Yr | 5.1% | -0.5% | 12.6% | 79.07% |
3 Yr | N/A* | -2.2% | 5.9% | N/A |
5 Yr | N/A* | -1.0% | 3.9% | N/A |
10 Yr | N/A* | -4.5% | 27.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FAPEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.3% | 0.8% | 12.1% | 75.46% |
2022 | N/A | -5.1% | 2.5% | N/A |
2021 | N/A | -2.1% | 14.5% | N/A |
2020 | N/A | -1.0% | 3.6% | N/A |
2019 | N/A | 0.3% | 9.6% | N/A |
NAV & Total Return History
FAPEX - Holdings
Concentration Analysis
FAPEX | Category Low | Category High | FAPEX % Rank | |
---|---|---|---|---|
Net Assets | 26.3 M | 25.6 K | 22.6 B | 96.36% |
Number of Holdings | 228 | 2 | 1291 | 58.64% |
Net Assets in Top 10 | 9.25 M | 32.5 K | 17.3 B | 95.91% |
Weighting of Top 10 | 36.71% | 5.6% | 163.3% | 21.36% |
Top 10 Holdings
- UST NOTES 3% 06/30/2024 13.77%
- UST BILLS 0% 04/25/2024 9.95%
- Fidelity Cash Central Fund 2.61%
- MORGAN STANLEY 0.791%/VAR 01/22/2025 1.89%
- UST BILLS 0% 03/21/2024 1.70%
- ROYAL BANK OF CANADA 2.55% 07/16/2024 1.69%
- UST BILLS 0% 06/13/2024 1.64%
- TORONTO DOMINION BANK 2.35% 03/08/2024 1.49%
- MITSUBISHI UFJ FIN GRP INC 4.788%/VAR 07/18/2025 0.99%
- CITIGROUP INC 0.981%/VAR 5/01/2025 0.98%
Asset Allocation
Weighting | Return Low | Return High | FAPEX % Rank | |
---|---|---|---|---|
Bonds | 97.48% | 0.00% | 128.16% | 17.73% |
Convertible Bonds | 10.46% | 0.00% | 15.25% | 6.39% |
Cash | 2.60% | 0.00% | 109.89% | 71.82% |
Stocks | 0.00% | 0.00% | 97.29% | 63.18% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 54.55% |
Other | 0.00% | -7.74% | 99.92% | 79.09% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FAPEX % Rank | |
---|---|---|---|---|
Corporate | 70.34% | 0.00% | 99.91% | 7.31% |
Government | 12.01% | 0.00% | 100.00% | 27.40% |
Cash & Equivalents | 2.60% | 0.00% | 109.89% | 65.91% |
Securitized | 1.20% | 0.00% | 100.00% | 79.45% |
Derivative | 0.00% | -7.49% | 21.59% | 44.55% |
Municipal | 0.00% | 0.00% | 70.39% | 76.26% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FAPEX % Rank | |
---|---|---|---|---|
US | 97.48% | 0.00% | 128.16% | 16.82% |
Non US | 0.00% | 0.00% | 22.24% | 62.73% |
FAPEX - Expenses
Operational Fees
FAPEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.25% | 0.02% | 28.11% | 84.40% |
Management Fee | 0.20% | 0.00% | 1.19% | 27.27% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
FAPEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.50% | 5.75% | N/A |
Deferred Load | N/A | 0.25% | 1.00% | N/A |
Trading Fees
FAPEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 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.
FAPEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 369.54% | N/A |
FAPEX - Distributions
Dividend Yield Analysis
FAPEX | Category Low | Category High | FAPEX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.20% | 0.00% | 8.07% | 80.00% |
Dividend Distribution Analysis
FAPEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
FAPEX | Category Low | Category High | FAPEX % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -1.30% | 14.86% | N/A |
Capital Gain Distribution Analysis
FAPEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 01, 2024 | $0.027 | OrdinaryDividend |
Mar 01, 2024 | $0.025 | OrdinaryDividend |
Feb 01, 2024 | $0.025 | OrdinaryDividend |
Jan 01, 2024 | $0.024 | OrdinaryDividend |
Dec 22, 2023 | $0.091 | OrdinaryDividend |
Dec 01, 2023 | $0.025 | OrdinaryDividend |
Nov 01, 2023 | $0.024 | OrdinaryDividend |
Oct 01, 2023 | $0.022 | OrdinaryDividend |
Sep 01, 2023 | $0.024 | OrdinaryDividend |
Aug 01, 2023 | $0.024 | OrdinaryDividend |
Jul 01, 2023 | $0.022 | OrdinaryDividend |
Jun 01, 2023 | $0.019 | OrdinaryDividend |
May 01, 2023 | $0.019 | OrdinaryDividend |
Apr 01, 2023 | $0.018 | OrdinaryDividend |
Mar 01, 2023 | $0.017 | OrdinaryDividend |
Feb 01, 2023 | $0.019 | OrdinaryDividend |
Jan 01, 2023 | $0.018 | OrdinaryDividend |
Dec 23, 2022 | $0.003 | OrdinaryDividend |
Dec 01, 2022 | $0.017 | OrdinaryDividend |
Nov 01, 2022 | $0.016 | OrdinaryDividend |
Oct 03, 2022 | $0.013 | OrdinaryDividend |
Sep 01, 2022 | $0.014 | OrdinaryDividend |
Aug 01, 2022 | $0.010 | OrdinaryDividend |
Jul 01, 2022 | $0.008 | OrdinaryDividend |
Jun 01, 2022 | $0.008 | OrdinaryDividend |
May 02, 2022 | $0.003 | OrdinaryDividend |
FAPEX - Fund Manager Analysis
Managers
David DeBiase
Start Date
Tenure
Tenure Rank
Apr 13, 2022
0.13
0.1%
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. Since joining Fidelity Investments in 2006, Mr. DeBiase has worked as a trader and portfolio manager. 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.
Julian Potenza
Start Date
Tenure
Tenure Rank
Apr 13, 2022
0.13
0.1%
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.
Robert Galusza
Start Date
Tenure
Tenure Rank
Apr 13, 2022
0.13
0.1%
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 insu rance 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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 32.44 | 6.56 | 0.13 |