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Morningstar

Strategic Advisers Short Duration FAUDX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 9.93  /  +0.01 %
  • Total Assets 4.6 Bil
  • Adj. Expense Ratio
    0.240%
  • Expense Ratio 0.240%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 4.48%
  • Effective Duration 0.89 years

USD | NAV as of May 18, 2024 | 1-Day Return as of May 18, 2024, 12:16 AM GMT+0

Morningstar’s Analysis FAUDX

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

  • People Pillar

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

A strong management team and sound investment process underpin Strategic Advisers Short Duration'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-lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FAUDX

More FAUDX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 58.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PIMCO Short-Term Instl

11.01 440.2 Mil
—

JPMorgan Ultra-Short Income ETF

9.76 390.1 Mil
—

Baird Ultra Short Bond Institutional

9.16 365.9 Mil
—

T. Rowe Price Ultra Short-Term Bond

6.53 260.9 Mil
—

BlackRock Ultra Short-Term Bond ETF

5.48 218.8 Mil
—

iShares 1-3 Year Treasury Bond ETF

5.04 201.4 Mil
—

Morgan Stanley Instl Ultr-Shrt Inc IR

3.74 149.4 Mil
—

Fidelity SAI Short-Term Bond

3.22 128.7 Mil
—

Baird Short-Term Bond Inst

3.02 120.8 Mil
—

United States Treasury Notes 4.5%

1.88 75.2 Mil
Government