Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX)
The fund normally invests primarily in U.S. dollar-denominated municipal money market securities and high quality investment-grade municipal debt securities whose interest is exempt from federal income tax (the "municipal strategy"). It maintains a dollar-weighted average maturity of three years or less. The fund allocates assets among affiliated fixed-income funds and non-affiliated fixed-income funds that participate in Fidelity's FundsNetwork , non-affiliated ETFs (collectively, underlying funds), and sub-advisers.
Fund Info
US31635R3710
31635R371
Dec 27, 2017
$0
Expense Ratio
FGNSX has an expense ratio of 0.07%, 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 Tax-Sensitive 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 Tax-Sensitive Short Duration Fund had a return of 0.46% year-to-date (YTD) and 3.78% in the last 12 months.
FGNSX
0.46%
0.46%
1.66%
3.78%
1.76%
N/A
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of FGNSX, 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 | 0.46% | 0.46% | |||||||||||
| 2024 | 0.16% | 0.26% | -0.10% | 0.36% | 0.28% | 0.47% | 0.58% | 0.30% | 0.55% | 0.09% | 0.37% | 0.08% | 3.47% |
| 2023 | 0.79% | -0.31% | 0.72% | -0.20% | 0.23% | 0.43% | 0.24% | 0.26% | -0.14% | 0.27% | 1.07% | 0.60% | 4.04% |
| 2022 | -0.47% | -0.07% | -0.46% | -0.25% | 0.36% | -0.03% | 0.38% | -0.28% | -0.28% | 0.05% | 0.77% | 0.00% | -0.28% |
| 2021 | 0.15% | -0.16% | 0.04% | 0.14% | 0.04% | 0.04% | 0.03% | 0.03% | -0.07% | -0.07% | 0.03% | 0.03% | 0.23% |
| 2020 | 0.32% | 0.12% | -0.45% | -0.09% | 0.60% | 0.19% | 0.28% | 0.08% | 0.07% | -0.03% | 0.15% | 0.05% | 1.30% |
| 2019 | 0.25% | 0.14% | 0.26% | 0.06% | 0.36% | 0.15% | 0.25% | 0.25% | -0.06% | 0.14% | 0.23% | 0.03% | 2.08% |
| 2018 | 0.00% | 0.00% | -0.10% | 0.03% | 0.22% | 0.10% | 0.25% | 0.14% | -0.06% | 0.05% | 0.34% | 0.26% | 1.24% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 97, FGNSX is among the top 3% 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 Tax-Sensitive Short Duration Fund (FGNSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Strategic Advisers Tax-Sensitive Short Duration Fund provided a 3.29% dividend yield over the last twelve months, with an annual payout of $0.33 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.33 | $0.28 | $0.11 | $0.04 | $0.11 | $0.18 | $0.12 |
Dividend yield | 3.29% | 3.30% | 2.84% | 1.11% | 0.43% | 1.08% | 1.75% | 1.23% |
Monthly Dividends
The table displays the monthly dividend distributions for Strategic Advisers Tax-Sensitive 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.28 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.11 |
| 2021 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2020 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2019 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.18 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.12 |
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 Tax-Sensitive 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 Tax-Sensitive Short Duration Fund was 1.89%, occurring on Mar 20, 2020. Recovery took 70 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -1.89% | Mar 10, 2020 | 9 | Mar 20, 2020 | 70 | Jun 30, 2020 | 79 |
| -1.42% | Sep 9, 2021 | 167 | May 6, 2022 | 170 | Jan 9, 2023 | 337 |
| -0.5% | Feb 6, 2023 | 11 | Feb 21, 2023 | 18 | Mar 17, 2023 | 29 |
| -0.4% | Sep 1, 2023 | 19 | Sep 28, 2023 | 23 | Oct 31, 2023 | 42 |
| -0.4% | Oct 4, 2024 | 14 | Oct 23, 2024 | 23 | Nov 25, 2024 | 37 |
Volatility
Volatility Chart
The current Strategic Advisers Tax-Sensitive Short Duration Fund volatility is 0.32%, 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.