Strategic Advisers Short Duration Fund (FAUDX)
The fund allocates among affiliated fixed-income funds and non-affiliated fixed-income funds that participate in Fidelity's FundsNetwork, and non-affiliated ETFs (underlying funds) and sub-advisers. It allocates assets among underlying funds and sub-advisers to achieve similar overall interest rate risk to the FTSE 6-Month U.S. Treasury Bill Index. The fund normally invests in U.S. dollar-denominated money market and investment-grade debt securities, and repurchase agreements. It maintains a dollar-weighted average maturity of three years or less.
Fund Info
US31635R7695
31635R769
Dec 20, 2011
$0
Expense Ratio
FAUDX has an expense ratio of 0.26%, which is considered low compared to other funds.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Strategic Advisers Short Duration 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
Strategic Advisers Short Duration Fund had a return of 0.42% year-to-date (YTD) and 5.71% in the last 12 months. Over the past 10 years, Strategic Advisers Short Duration Fund had an annualized return of 2.18%, while the S&P 500 had an annualized return of 11.31%, indicating that Strategic Advisers Short Duration Fund did not perform as well as the benchmark.
FAUDX
0.42%
0.42%
2.43%
5.71%
2.56%
2.18%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of FAUDX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.42% | 0.42% | |||||||||||
| 2024 | 1.11% | 0.17% | 0.10% | 0.58% | 0.61% | 0.51% | 0.70% | 0.30% | 1.10% | -0.01% | 0.10% | 0.80% | 6.22% |
| 2023 | 1.47% | -0.02% | 0.42% | 0.20% | 0.55% | 0.25% | 0.46% | 0.48% | 0.00% | 0.75% | 0.79% | 0.30% | 5.80% |
| 2022 | -0.26% | -0.35% | -0.63% | -0.22% | 0.10% | -0.50% | 0.35% | 0.07% | -0.53% | -0.08% | 0.55% | 0.00% | -1.49% |
| 2021 | 0.14% | -0.05% | -0.06% | 0.14% | 0.04% | 0.04% | 0.04% | 0.04% | -0.07% | -0.16% | -0.07% | -0.00% | 0.03% |
| 2020 | 0.43% | 0.35% | -2.14% | 1.55% | 0.72% | 0.70% | 0.28% | 0.18% | 0.08% | 0.07% | 0.16% | 0.14% | 2.49% |
| 2019 | 0.60% | 0.39% | 0.32% | 0.40% | 0.31% | 0.29% | 0.30% | 0.28% | 0.18% | 0.27% | 0.07% | 0.23% | 3.70% |
| 2018 | 0.02% | 0.02% | -0.10% | 0.39% | 0.16% | -0.10% | 0.44% | 0.18% | 0.18% | 0.09% | 0.09% | -0.11% | 1.27% |
| 2017 | 0.20% | 0.20% | 0.11% | 0.21% | 0.11% | 0.11% | 0.20% | 0.10% | 0.10% | 0.21% | 0.01% | 0.08% | 1.65% |
| 2016 | 0.00% | -0.01% | 0.39% | 0.30% | 0.20% | 0.20% | 0.21% | 0.21% | 0.10% | 0.10% | -0.09% | 0.12% | 1.75% |
| 2015 | 0.16% | 0.15% | 0.17% | 0.07% | 0.18% | -0.12% | 0.05% | -0.12% | -0.12% | 0.22% | -0.02% | -0.13% | 0.49% |
| 2014 | 0.27% | 0.07% | 0.07% | 0.07% | 0.27% | -0.03% | -0.03% | 0.17% | -0.03% | 0.07% | -0.03% | -0.18% | 0.69% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 98, FAUDX is among the top 2% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Strategic Advisers Short Duration Fund (FAUDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Strategic Advisers Short Duration Fund provided a 4.93% dividend yield over the last twelve months, with an annual payout of $0.49 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.49 | $0.49 | $0.41 | $0.19 | $0.07 | $0.16 | $0.26 | $0.23 | $0.14 | $0.12 | $0.11 | $0.10 |
Dividend yield | 4.93% | 4.91% | 4.18% | 1.94% | 0.73% | 1.56% | 2.63% | 2.28% | 1.43% | 1.23% | 1.09% | 0.99% |
Monthly Dividends
The table displays the monthly dividend distributions for Strategic Advisers Short Duration 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.07 | $0.49 |
| 2023 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.41 |
| 2022 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.19 |
| 2021 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.07 |
| 2020 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.04 | $0.16 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.26 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.23 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.14 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.11 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.10 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Strategic Advisers Short Duration 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 Strategic Advisers Short Duration Fund was 3.86%, occurring on Mar 24, 2020. Recovery took 51 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -3.86% | Mar 9, 2020 | 12 | Mar 24, 2020 | 51 | Jun 5, 2020 | 63 |
| -2.67% | Oct 4, 2021 | 265 | Oct 20, 2022 | 98 | Mar 13, 2023 | 363 |
| -0.67% | May 13, 2013 | 38 | Jul 5, 2013 | 81 | Oct 29, 2013 | 119 |
| -0.51% | Jun 1, 2015 | 148 | Dec 29, 2015 | 62 | Mar 30, 2016 | 210 |
| -0.46% | Oct 29, 2014 | 42 | Dec 29, 2014 | 34 | Feb 18, 2015 | 76 |
Volatility
Volatility Chart
The current Strategic Advisers Short Duration Fund volatility is 0.36%, 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.