Fidelity Sustainable Low Duration Bond FundFidelity SAI Sustainable Emerging Markets Equity Fund (FAPDX)
The investment seeks to obtain a high level of current income consistent with preservation of capital. The fund normally invests at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types that Fidelity Management & Research Company LLC (FMR) (the Adviser) believes have positive environmental, social and governance (ESG) benefits and repurchase agreements for those securities. It normally maintains a dollar-weighted average maturity of two years or less.
Fund Info
| ISIN | US31635T4500 |
|---|---|
| Issuer | Fidelity |
| Inception Date | Apr 13, 2022 |
| Category | Ultrashort Bond |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
The Fidelity Sustainable Low Duration Bond FundFidelity SAI Sustainable Emerging Markets Equity Fund has a high expense ratio of 0.35%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Sustainable Low Duration Bond FundFidelity SAI Sustainable Emerging Markets Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Sustainable Low Duration Bond FundFidelity SAI Sustainable Emerging Markets Equity Fund had a return of 1.39% year-to-date (YTD) and 5.08% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.39% | 6.33% |
| 1 month | 0.26% | -2.81% |
| 6 months | 2.78% | 21.13% |
| 1 year | 5.08% | 24.56% |
| 5 years (annualized) | N/A | 11.55% |
| 10 years (annualized) | N/A | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.68% | 0.24% | 0.46% | |||||||||
| 2023 | 0.10% | 0.69% | 0.63% | 0.40% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Fidelity Sustainable Low Duration Bond FundFidelity SAI Sustainable Emerging Markets Equity Fund(FAPDX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Sustainable Low Duration Bond FundFidelity SAI Sustainable Emerging Markets Equity Fund (FAPDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Sustainable Low Duration Bond FundFidelity SAI Sustainable Emerging Markets Equity Fund granted a 3.65% dividend yield in the last twelve months. The annual payout for that period amounted to $0.37 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $0.37 | $0.35 | $0.11 |
Dividend yield | 3.65% | 3.44% | 1.10% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Sustainable Low Duration Bond FundFidelity SAI Sustainable Emerging Markets Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.03 | |||||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.11 |
| 2022 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Sustainable Low Duration Bond FundFidelity SAI Sustainable Emerging Markets Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Sustainable Low Duration Bond FundFidelity SAI Sustainable Emerging Markets Equity Fund was 0.35%, occurring on Jul 13, 2022. Recovery took 36 trading sessions.
The current Fidelity Sustainable Low Duration Bond FundFidelity SAI Sustainable Emerging Markets Equity Fund drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -0.35% | May 31, 2022 | 30 | Jul 13, 2022 | 36 | Aug 31, 2022 | 66 |
| -0.3% | Mar 14, 2023 | 3 | Mar 16, 2023 | 11 | Mar 31, 2023 | 14 |
| -0.2% | Oct 12, 2022 | 6 | Oct 19, 2022 | 8 | Oct 31, 2022 | 14 |
| -0.1% | Sep 19, 2022 | 1 | Sep 19, 2022 | 9 | Sep 30, 2022 | 10 |
| -0.1% | Feb 3, 2023 | 1 | Feb 3, 2023 | 16 | Feb 28, 2023 | 17 |
Volatility
Volatility Chart
The current Fidelity Sustainable Low Duration Bond FundFidelity SAI Sustainable Emerging Markets Equity Fund volatility is 0.33%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.