Fidelity SAI Total Bond Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-2.2%
1 yr return
0.5%
3 Yr Avg Return
-2.4%
5 Yr Avg Return
1.1%
Net Assets
$20.9 B
Holdings in Top 10
25.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.29%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 180.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FSMTX - Profile
Distributions
- YTD Total Return -2.2%
- 3 Yr Annualized Total Return -2.4%
- 5 Yr Annualized Total Return 1.1%
- Capital Gain Distribution Frequency Semi-Monthly
- Net Income Ratio 2.66%
- Dividend Yield 4.7%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFidelity SAI Total Bond Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateOct 25, 2018
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Foggin
Fund Description
FSMTX - Performance
Return Ranking - Trailing
Period | FSMTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.2% | -12.1% | 2.8% | 23.28% |
1 Yr | 0.5% | -10.5% | 10.4% | 9.78% |
3 Yr | -2.4%* | -11.0% | 24.7% | 9.04% |
5 Yr | 1.1%* | -7.0% | 190.5% | 8.08% |
10 Yr | N/A* | -2.6% | 73.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | FSMTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.7% | -16.2% | 8.1% | 21.68% |
2022 | -15.4% | -34.7% | 131.9% | 32.86% |
2021 | -3.0% | -11.6% | 4.4% | 35.57% |
2020 | 2.5% | -10.1% | 946.1% | 77.97% |
2019 | 4.6% | -1.7% | 16.9% | 76.23% |
Total Return Ranking - Trailing
Period | FSMTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.2% | -12.1% | 2.8% | 23.28% |
1 Yr | 0.5% | -10.5% | 10.4% | 9.78% |
3 Yr | -2.4%* | -11.0% | 24.7% | 9.04% |
5 Yr | 1.1%* | -7.0% | 190.5% | 8.08% |
10 Yr | N/A* | -2.6% | 73.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FSMTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.3% | -11.3% | 11.0% | 12.19% |
2022 | -12.7% | -32.2% | 131.9% | 22.86% |
2021 | 0.3% | -9.4% | 9.2% | 17.25% |
2020 | 9.3% | -1.9% | 1009.0% | 27.31% |
2019 | 10.2% | 1.1% | 21668.0% | 15.50% |
NAV & Total Return History
FSMTX - Holdings
Concentration Analysis
FSMTX | Category Low | Category High | FSMTX % Rank | |
---|---|---|---|---|
Net Assets | 20.9 B | 2.9 M | 314 B | 10.14% |
Number of Holdings | 6511 | 1 | 17889 | 4.34% |
Net Assets in Top 10 | 5.24 B | -106 M | 36.5 B | 7.59% |
Weighting of Top 10 | 25.92% | 4.4% | 134.1% | 44.64% |
Top 10 Holdings
- Fidelity Securities Lending Cash Central Fund 5.25%
- Fidelity Cash Central Fund 3.07%
- UST NOTES 2.75% 08/15/2032 2.98%
- UST NOTES 3.375% 05/15/2033 2.74%
- UST NOTES 4.875% 10/31/2028 2.71%
- UST NOTES 4.875% 10/31/2030 2.16%
- UMBS 30YR 2% 12/01/2053 #TBA 1.99%
- UMBS 30YR 3% 12/01/2053 #TBA 1.95%
- UST NOTES 1.125% 08/31/2028 1.69%
- UMBS 30YR 3% 01/01/2054 #TBA 1.38%
Asset Allocation
Weighting | Return Low | Return High | FSMTX % Rank | |
---|---|---|---|---|
Bonds | 104.15% | 0.00% | 215.98% | 17.13% |
Cash | 8.32% | -54.51% | 79.52% | 18.54% |
Convertible Bonds | 1.81% | 0.00% | 7.93% | 35.85% |
Preferred Stocks | 0.55% | 0.00% | 74.68% | 10.16% |
Stocks | 0.14% | 0.00% | 99.93% | 15.75% |
Other | 0.03% | -13.23% | 50.66% | 77.02% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FSMTX % Rank | |
---|---|---|---|---|
Energy | 72.68% | 0.00% | 100.00% | 26.04% |
Consumer Cyclical | 12.86% | 0.00% | 100.00% | 8.88% |
Utilities | 10.11% | 0.00% | 100.00% | 14.20% |
Communication Services | 4.30% | 0.00% | 100.00% | 24.26% |
Financial Services | 0.06% | 0.00% | 100.00% | 40.24% |
Technology | 0.00% | 0.00% | 43.45% | 33.73% |
Real Estate | 0.00% | 0.00% | 99.26% | 32.54% |
Industrials | 0.00% | 0.00% | 48.31% | 44.38% |
Healthcare | 0.00% | 0.00% | 17.70% | 27.22% |
Consumer Defense | 0.00% | 0.00% | 99.67% | 27.22% |
Basic Materials | 0.00% | 0.00% | 100.00% | 33.73% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FSMTX % Rank | |
---|---|---|---|---|
US | 0.14% | 0.00% | 99.93% | 15.78% |
Non US | 0.00% | 0.00% | 86.52% | 13.41% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FSMTX % Rank | |
---|---|---|---|---|
Government | 37.41% | 0.00% | 86.23% | 23.14% |
Corporate | 35.76% | 0.00% | 100.00% | 33.27% |
Securitized | 21.43% | 0.00% | 98.40% | 79.44% |
Cash & Equivalents | 8.32% | 0.00% | 76.23% | 19.63% |
Municipal | 0.49% | 0.00% | 100.00% | 46.87% |
Derivative | 0.03% | -3.37% | 50.66% | 47.34% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FSMTX % Rank | |
---|---|---|---|---|
US | 102.73% | 0.00% | 215.98% | 17.46% |
Non US | 1.43% | 0.00% | 39.04% | 24.36% |
FSMTX - Expenses
Operational Fees
FSMTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.29% | 0.01% | 39.10% | 92.25% |
Management Fee | 0.28% | 0.00% | 1.76% | 21.91% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
FSMTX 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% | 5.00% | N/A |
Trading Fees
FSMTX 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.
FSMTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 180.00% | 2.00% | 493.39% | 62.92% |
FSMTX - Distributions
Dividend Yield Analysis
FSMTX | Category Low | Category High | FSMTX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.69% | 0.00% | 10.22% | 18.21% |
Dividend Distribution Analysis
FSMTX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
FSMTX | Category Low | Category High | FSMTX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.66% | -1.28% | 4.79% | 6.95% |
Capital Gain Distribution Analysis
FSMTX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Monthly | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 01, 2024 | $0.034 | OrdinaryDividend |
Mar 01, 2024 | $0.031 | DailyAccrualFund |
Feb 01, 2024 | $0.033 | DailyAccrualFund |
Jan 01, 2024 | $0.033 | DailyAccrualFund |
Dec 22, 2023 | $0.003 | DailyAccrualFund |
Dec 01, 2023 | $0.032 | DailyAccrualFund |
Nov 01, 2023 | $0.034 | DailyAccrualFund |
Oct 01, 2023 | $0.033 | DailyAccrualFund |
Sep 01, 2023 | $0.033 | DailyAccrualFund |
Aug 01, 2023 | $0.033 | DailyAccrualFund |
Jul 01, 2023 | $0.032 | DailyAccrualFund |
Jun 01, 2023 | $0.033 | DailyAccrualFund |
May 01, 2023 | $0.031 | DailyAccrualFund |
Apr 01, 2023 | $0.032 | DailyAccrualFund |
Mar 01, 2023 | $0.029 | DailyAccrualFund |
Feb 01, 2023 | $0.031 | DailyAccrualFund |
Jan 01, 2023 | $0.030 | DailyAccrualFund |
Dec 23, 2022 | $0.017 | DailyAccrualFund |
Dec 01, 2022 | $0.029 | DailyAccrualFund |
Nov 01, 2022 | $0.028 | DailyAccrualFund |
Oct 03, 2022 | $0.026 | DailyAccrualFund |
Sep 01, 2022 | $0.026 | DailyAccrualFund |
Aug 01, 2022 | $0.024 | DailyAccrualFund |
Jul 01, 2022 | $0.022 | DailyAccrualFund |
Jun 01, 2022 | $0.021 | DailyAccrualFund |
May 02, 2022 | $0.020 | DailyAccrualFund |
Apr 01, 2022 | $0.020 | DailyAccrualFund |
Mar 01, 2022 | $0.018 | DailyAccrualFund |
Feb 01, 2022 | $0.020 | DailyAccrualFund |
Jan 01, 2022 | $0.020 | DailyAccrualFund |
Dec 23, 2021 | $0.014 | DailyAccrualFund |
Dec 01, 2021 | $0.019 | DailyAccrualFund |
Nov 01, 2021 | $0.020 | DailyAccrualFund |
Oct 01, 2021 | $0.019 | DailyAccrualFund |
Sep 01, 2021 | $0.020 | DailyAccrualFund |
Aug 01, 2021 | $0.021 | DailyAccrualFund |
Jul 01, 2021 | $0.020 | DailyAccrualFund |
Jun 01, 2021 | $0.021 | DailyAccrualFund |
May 01, 2021 | $0.021 | DailyAccrualFund |
Apr 01, 2021 | $0.021 | DailyAccrualFund |
Mar 01, 2021 | $0.019 | DailyAccrualFund |
Feb 01, 2021 | $0.024 | DailyAccrualFund |
Jan 04, 2021 | $0.023 | DailyAccrualFund |
Dec 24, 2020 | $0.007 | DailyAccrualFund |
Dec 01, 2020 | $0.022 | DailyAccrualFund |
Nov 02, 2020 | $0.023 | DailyAccrualFund |
Oct 01, 2020 | $0.022 | DailyAccrualFund |
Sep 01, 2020 | $0.024 | DailyAccrualFund |
Aug 03, 2020 | $0.025 | DailyAccrualFund |
Jul 01, 2020 | $0.025 | DailyAccrualFund |
Jun 01, 2020 | $0.026 | DailyAccrualFund |
May 01, 2020 | $0.025 | DailyAccrualFund |
Apr 01, 2020 | $0.026 | DailyAccrualFund |
Mar 02, 2020 | $0.025 | DailyAccrualFund |
Feb 03, 2020 | $0.027 | DailyAccrualFund |
Jan 02, 2020 | $0.027 | DailyAccrualFund |
Dec 27, 2019 | $0.006 | ExtraDividend |
Dec 02, 2019 | $0.027 | DailyAccrualFund |
Nov 01, 2019 | $0.028 | DailyAccrualFund |
Oct 01, 2019 | $0.028 | DailyAccrualFund |
Sep 03, 2019 | $0.028 | DailyAccrualFund |
Aug 01, 2019 | $0.029 | DailyAccrualFund |
Jul 01, 2019 | $0.029 | OrdinaryDividend |
Jun 03, 2019 | $0.029 | DailyAccrualFund |
May 01, 2019 | $0.029 | DailyAccrualFund |
Apr 01, 2019 | $0.029 | DailyAccrualFund |
Mar 01, 2019 | $0.027 | DailyAccrualFund |
Feb 01, 2019 | $0.028 | DailyAccrualFund |
Jan 02, 2019 | $0.027 | DailyAccrualFund |
Dec 28, 2018 | $0.005 | ExtraDividend |
Dec 03, 2018 | $0.026 | DailyAccrualFund |
Nov 01, 2018 | $0.002 | DailyAccrualFund |
FSMTX - Fund Manager Analysis
Managers
Michael Foggin
Start Date
Tenure
Tenure Rank
Oct 25, 2018
3.6
3.6%
Michael Foggin is a portfolio manager at Fidelity Institutional Asset Management (FIAM), an investment organization within Fidelity Investments’ asset management division that is dedicated to serving the needs of consultants and institutional investors, such as defined benefit and defined contribution plans, endowments and financial advisors. In this role, he manages the Global and International Credit Portfolios as part of the Global Fixed Income Team. Prior to joining Fidelity in July 2012, Mr. Foggin was a Fixed Income portfolio manager at Schroders from 2006 to 2012. Previously he worked
Celso Munoz
Start Date
Tenure
Tenure Rank
Oct 25, 2018
3.6
3.6%
Celso Munoz is a portfolio manager at FMRCo. In this role he co-manages multiple bond funds and is a member of the bond division’s Core/Core Plus team. Prior to assuming his current position, Mr. Munoz worked as a research analyst covering the insurance industry and the GSEs. Previously, he worked as an equity research analyst from 2005 to 2012. Mr. Munoz joined Fidelity in 2005 and has been in the investments industry since 1999. Mr. Munoz earned his bachelor of science degree in economics from the University of Pennsylvania and his MBA from Harvard Business School. He is a CFA charterholder.
Ford O'Neil
Start Date
Tenure
Tenure Rank
Oct 25, 2018
3.6
3.6%
Ford O’Neil is a portfolio manager at FMRCo. In this role, Mr. O’Neil manages various retail and institutional taxable bond funds/portfolios. His responsibilities include managing multiple Fidelity and Fidelity Advisor funds and various institutional comingled pools. Prior to assuming his current role, he worked as an analyst focusing on the utility sector from 1990 to 1992. Mr. O’Neil joined Fidelity in 1990 and has been in the investments industry since 1985. He earned his bachelor of arts degree from Harvard College and his MBA from The Wharton School at the University of Pennsylvania.
Michael Weaver
Start Date
Tenure
Tenure Rank
Oct 25, 2018
3.6
3.6%
Michael Weaver is a portfolio manager at FMR Co. In this role, Mr. Weaver is responsible for co-managing Fidelity Total Bond ETF, multiple institutional high yield portfolios, and co-manages all of Fidelity’s collateralized loan obligation strategies. Previously, Mr. Weaver held various positions in the High Income Group, including portfolio manager covering Select Automotive from 2009 to 2013. Mr. Weaver joined Fidelity in 2005, and has been in the investments industry since 1998. Mr. Weaver earned his BS degree in economics from the Wharton School at the University of Pennsylvania.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 33.43 | 6.81 | 1.16 |