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Morningstar

Fidelity Sustainable Low Duration Bond FAPGX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 10.21  /  +0.01 %
  • Total Assets 27.3 Mil
  • Adj. Expense Ratio
    0.250%
  • Expense Ratio 0.250%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.68%
  • Effective Duration 0.56 years

USD | NAV as of May 17, 2024 | 1-Day Return as of May 17, 2024, 10:12 PM GMT+0

Morningstar’s Analysis FAPGX

Will FAPGX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FAPGX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FAPGX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FAPGX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A sound investment process and strong management team underpin Fidelity Sustainable Low Duration Bond's Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings FAPGX

More FAPGX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 3%

13.31 3.5 Mil
Cash and Equivalents

United States Treasury Bills 0%

8.12 2.1 Mil
Government

United States Treasury Bills 0%

4.33 1.1 Mil
Government

Morgan Stanley 5.85369%

1.82 475,285
Corporate

Royal Bank of Canada 2.55%

1.63 426,312
Corporate

United States Treasury Bills 0%

1.59 416,350
Government

Fidelity Cash Central Fund

1.03 269,931
Cash and Equivalents

Mitsubishi UFJ Financial Group Inc. 4.788%

0.95 249,129
Corporate

Citigroup Inc. 0.981%

0.95 248,905
Corporate

Canadian Imperial Bank of Commerce 3.1%

0.88 230,000
Corporate