Morningstar

Strategic Advisers Tax-Sensitive Short Duration Fund FGNSX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 10.04  /  +0.10 %
  • Total Assets 3.0B
  • Adj. Expense Ratio
    0.100%
  • Expense Ratio 0.070%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 3.05%
  • Effective Duration —

USD | NAV as of Aug 08, 2026 | 1-Day Return as of Aug 08, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FGNSX

Will FGNSX outperform in the 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Strategic Advisers Tx-Snstv Shrt Dur holds a quantitatively derived Bronze Morningstar Medalist Rating. The rating reflects that it has scored better than the norm on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
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 16.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Vanguard Ultra Short-Term Tx-Ex Adm

6.88 205M
—

JPMorgan Ultra-Short Municipal Inc ETF

2.36 70M
—

Federated Hermes Municipal Ultrashort IS

2.20 65M
—

Fidelity SAI Municipal Money Market

1.51 45M
Cash and Equivalents

Fidelity Inv MM Government Instl

1.50 45M
Cash and Equivalents

PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 2.03%

1.37 41M
municipal

PHOENIX ARIZ INDL DEV AUTH SOLID WASTE DISP REV 2.95%

1.22 36M
municipal

FLORIDA INS ASSISTANCE INTERLOCAL AGY FLA INS ASSMT REV 2.38%

0.67 20M
municipal

FRANKLIN CNTY OHIO HOSP REV 1.6%

0.59 18M
municipal

SOUTHCENTRAL PA GEN AUTH REV 1.65%

0.50 15M
municipal

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