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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 9.96  /  +0.01 %
  • Total Assets 4.0 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 3.06%
  • Effective Duration —

USD | NAV as of Apr 26, 2024 | 1-Day Return as of Apr 26, 2024, 12:09 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.

Strategic Advisers Tx-Snstv Shrt Dur’s Process Pillar rating is Average, but a strong management team still helps this strategy retain its Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a 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 17.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Vanguard Ultra Short-Term Tx-Ex Adm

5.93 237.9 Mil
—

Fidelity Inv MM Government Instl

5.35 214.7 Mil
Cash and Equivalents

JPMorgan Ultra-Short Municipal Inc ETF

4.96 199.1 Mil
—

Federated Hermes Municipal Ultrashort IS

1.55 62.3 Mil
—

Fidelity SAI Municipal Money Market

1.36 54.6 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 3.54%

0.68 27.2 Mil
municipal

PHILADELPHIA PA SCH DIST 5%

0.62 24.9 Mil
municipal

ST JAMES PARISH LA REV 3.79%

0.60 24.2 Mil
municipal