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Morningstar

Strategic Advisers Tx-Snstv Shrt Dur FGNSX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 9.98  /  +0.01 %
  • Total Assets 3.9 Bil
  • Adj. Expense Ratio
    0.120%
  • Expense Ratio 0.120%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.13%
  • Effective Duration —

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

Morningstar’s Analysis FGNSX

Will FGNSX 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 FGNSX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FGNSX 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 FGNSX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An incline in its Process Pillar rating is the primary driver of Strategic Advisers Tx-Snstv Shrt Dur's upgrade to a Morningstar Medalist Rating of Silver from Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the least expensive fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FGNSX

More FGNSX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Vanguard Ultra Short-Term Tx-Ex Adm

5.95 237.6 Mil
—

JPMorgan Ultra-Short Municipal Inc ETF

4.98 198.8 Mil
—

Fidelity Inv MM Government Instl

4.95 197.6 Mil
Cash and Equivalents

Federated Hermes Municipal Ultrashort IS

1.57 62.5 Mil
—

Fidelity SAI Municipal Money Market

1.19 47.3 Mil
Cash and Equivalents

CHANDLER ARIZ INDL DEV AUTH INDL DEV REV 5%

1.04 41.5 Mil
municipal

PHOENIX ARIZ INDL DEV AUTH SOLID WASTE DISP REV 4.1%

0.75 30.1 Mil
municipal

PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 3.95%

0.68 27.2 Mil
municipal

Cash

0.68 27.0 Mil
Cash and Equivalents

PHILADELPHIA PA SCH DIST 5%

0.62 24.9 Mil
Cash and Equivalents