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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Strategic Advisers Short Duration Fund

FAUDX | Fund

$9.92

$3.97 B

0.00%

0.45%

Vitals

YTD Return

0.5%

1 yr return

3.5%

3 Yr Avg Return

4.9%

5 Yr Avg Return

3.1%

Net Assets

$3.97 B

Holdings in Top 10

60.8%

52 WEEK LOW AND HIGH

$9.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.45%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 102.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Strategic Advisers Short Duration Fund

FAUDX | Fund

$9.92

$3.97 B

0.00%

0.45%

FAUDX - Profile

Distributions

  • YTD Total Return 0.5%
  • 3 Yr Annualized Total Return 4.9%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.05%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Strategic Advisers Short Duration Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Dec 28, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jonathan Duggan

Fund Description

Normally investing in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities.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), options, and futures contracts - and forward-settling securities, to adjust the fund's risk exposure.Allocating assets among underlying funds and sub-advisers to achieve similar overall interest rate risk to the Bloomberg U.S. 1-3 Year Government/Credit Bond Index.
Read More

FAUDX - Performance

Return Ranking - Trailing

Period FAUDX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% 0.4% 2.2% 98.46%
1 Yr 3.5% 2.9% 9.2% 95.90%
3 Yr 4.9%* 3.7% 9.1% 64.10%
5 Yr 3.1%* 1.6% 5.3% 84.32%
10 Yr 2.5%* -3.5% 28.6% 55.46%

* Annualized

Return Ranking - Calendar

Period FAUDX Return Category Return Low Category Return High Rank in Category (%)
2025 0.2% -0.8% 2.1% 48.72%
2024 0.6% -2.2% 2.2% 41.03%
2023 1.3% -2.3% 4.3% 47.69%
2022 -2.8% -6.5% 0.5% 71.28%
2021 -0.7% -2.0% 0.3% 80.22%

Total Return Ranking - Trailing

Period FAUDX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% 0.4% 2.2% 98.46%
1 Yr 3.5% 2.9% 9.2% 95.90%
3 Yr 4.9%* 3.7% 9.1% 64.10%
5 Yr 3.1%* 1.6% 5.3% 84.32%
10 Yr 2.5%* -3.5% 28.6% 55.46%

* Annualized

Total Return Ranking - Calendar

Period FAUDX Return Category Return Low Category Return High Rank in Category (%)
2025 5.5% 3.5% 8.7% 21.03%
2024 6.2% 3.8% 9.0% 39.49%
2023 5.7% 3.1% 12.1% 58.97%
2022 -1.3% -5.1% 2.5% 84.04%
2021 0.1% -1.4% 14.5% 43.96%

NAV & Total Return History

FAUDX - Holdings

Concentration Analysis

FAUDX Category Low Category High FAUDX % Rank
Net Assets 3.97 B 28 K 85.2 B 27.18%
Number of Holdings 1164 2 1429 9.23%
Net Assets in Top 10 2.01 B 27.4 K 58.1 B 10.77%
Weighting of Top 10 60.83% 4.9% 156.3% 6.67%

Top 10 Holdings

  1. Baird Short-Term Bond Inst 9.49%
  2. PIMCO Short-Term Instl 8.45%
  3. JPMorgan Ultra-Short Income ETF 7.69%
  4. UST NOTES 3.375% 12/31/2027 7.59%
  5. iShares 3-7 Year Treasury Bond ETF 6.71%
  6. T. Rowe Price Ultra Short-Term Bond 6.12%
  7. PIMCO ETF Trust: PIMCO Enhanced Low Duration Active Exchange-Traded Fund 5.62%
  8. UST NOTES 3.5% 12/15/2028 3.33%
  9. UST NOTES 3.875% 03/15/2028 3.23%
  10. UST NOTES 3.5% 11/15/2028 2.59%

Asset Allocation

Weighting Return Low Return High FAUDX % Rank
Bonds 		50.76% 0.00% 128.31% 83.59%
Stocks 		49.02% 0.00% 94.39% 1.54%
Convertible Bonds 		4.90% 0.00% 15.25% 30.41%
Cash 		0.39% 0.00% 108.66% 91.28%
Other 		0.00% -52.16% 99.98% 76.92%
Preferred Stocks 		0.00% 0.00% 0.00% 3.59%

Stock Sector Breakdown

Weighting Return Low Return High FAUDX % Rank
Financial Services 		34.34% 0.00% 99.34% 55.56%
Technology 		32.06% 0.00% 32.06% 11.11%
Communication Services 		10.87% 0.00% 11.28% 44.44%
Consumer Cyclical 		10.63% 0.00% 11.26% 44.44%
Healthcare 		4.23% 0.00% 4.23% 11.11%
Consumer Defense 		4.16% 0.00% 4.16% 11.11%
Industrials 		2.85% 0.00% 2.85% 11.11%
Utilities 		0.87% 0.00% 0.87% 11.11%
Real Estate 		0.00% 0.00% 0.00% 11.11%
Energy 		0.00% 0.00% 100.00% 55.56%
Basic Materials 		0.00% 0.00% 0.00% 11.11%

Stock Geographic Breakdown

Weighting Return Low Return High FAUDX % Rank
US 		49.02% 0.00% 94.39% 1.54%
Non US 		0.00% 0.00% 0.00% 3.59%

Bond Sector Breakdown

Weighting Return Low Return High FAUDX % Rank
Corporate 		40.20% 0.00% 99.91% 54.12%
Securitized 		21.05% 0.00% 100.00% 57.73%
Government 		17.28% 0.00% 100.00% 17.01%
Municipal 		0.48% 0.00% 61.92% 25.77%
Cash & Equivalents 		0.39% 0.00% 108.66% 83.59%
Derivative 		0.00% -47.17% 12.66% 21.54%

Bond Geographic Breakdown

Weighting Return Low Return High FAUDX % Rank
US 		50.76% 0.00% 128.31% 83.59%
Non US 		0.00% 0.00% 13.18% 19.49%

FAUDX - Expenses

Operational Fees

FAUDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% 0.08% 5.13% 51.56%
Management Fee 0.29% 0.00% 1.19% 66.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

FAUDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 3.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

FAUDX 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.

FAUDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 102.00% 0.00% 336.00% 78.26%

FAUDX - Distributions

Dividend Yield Analysis

FAUDX Category Low Category High FAUDX % Rank
Dividend Yield 0.00% 0.98% 8.76% 65.13%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FAUDX Category Low Category High FAUDX % Rank
Net Income Ratio 1.05% -0.91% 14.86% 11.76%

Capital Gain Distribution Analysis

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

Distributions History

View More +

FAUDX - Fund Manager Analysis

Managers

Jonathan Duggan

Start Date

Tenure

Tenure Rank

Aug 23, 2018

3.77

3.8%

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.

Christopher Heavey

Start Date

Tenure

Tenure Rank

Apr 11, 2019

3.14

3.1%

Christopher Heavey is portfolio manager. Since joining Fidelity Investments in 1998, Mr. Heavey has worked as a senior research analyst and portfolio manager.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.44 6.52 7.92

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