Fidelity Short-Term Bond Index Fund (FNSOX)
The fund normally invests at least 80% of assets in securities included in the Bloomberg U.S. 1-5 Year Government/Credit Bond Index, a market value-weighted index of fixed-rate investment-grade debt securities with maturities from one to five years from the U.S. treasury, U.S. government-related, and U.S. corporate indexes. It normally maintains a dollar-weighted average maturity that generally is expected to be three years or less, consistent with that of the index. The fund invests in domestic and foreign issuers.
Fund Info
ISIN | US31635V2732 |
---|---|
CUSIP | 31635V273 |
Issuer | Fidelity |
Inception Date | Oct 18, 2017 |
Category | Total Bond Market |
Min. Investment | $0 |
Asset Class | Bond |
Expense Ratio
FNSOX has an expense ratio of 0.03% which is considered to be low.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Short-Term Bond Index 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 Short-Term Bond Index Fund had a return of 0.59% year-to-date (YTD) and 2.90% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 0.59% | 11.29% |
1 month | 1.08% | 4.87% |
6 months | 2.92% | 17.88% |
1 year | 2.90% | 29.16% |
5 years (annualized) | 1.18% | 13.20% |
10 years (annualized) | N/A | 10.97% |
Monthly Returns
The table below presents the monthly returns of FNSOX, 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.58% | -0.69% | 0.31% | -0.64% | 0.59% | ||||||||
2023 | 1.41% | -1.24% | 1.82% | 0.42% | -0.36% | -0.60% | 0.35% | 0.24% | -0.52% | 0.17% | 1.71% | 1.44% | 4.89% |
2022 | -0.93% | -0.64% | -1.84% | -1.05% | 0.76% | -0.74% | 0.83% | -1.24% | -1.77% | -0.31% | 1.40% | -0.11% | -5.55% |
2021 | -0.02% | -0.33% | -0.23% | 0.26% | 0.16% | -0.23% | 0.45% | -0.13% | -0.24% | -0.58% | -0.04% | -0.19% | -1.12% |
2020 | 0.96% | 1.04% | 0.45% | 0.73% | 0.52% | 0.31% | 0.30% | 0.00% | -0.11% | 0.03% | 0.18% | 0.17% | 4.69% |
2019 | 0.52% | 0.09% | 1.03% | 0.21% | 0.92% | 0.80% | -0.10% | 1.19% | -0.21% | 0.32% | -0.03% | 0.13% | 4.95% |
2018 | -0.56% | -0.27% | 0.25% | -0.25% | 0.37% | -0.10% | 0.13% | 0.38% | -0.23% | -0.01% | 0.40% | 1.05% | 1.13% |
2017 | 0.06% | -0.27% | 0.05% | -0.16% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FNSOX is 39, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
FNSOX (Fidelity Short-Term Bond Index Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Short-Term Bond Index Fund (FNSOX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Short-Term Bond Index Fund granted a 1.81% dividend yield in the last twelve months. The annual payout for that period amounted to $0.18 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
---|---|---|---|---|---|---|---|---|
Dividend | $0.18 | $0.17 | $0.11 | $0.09 | $0.20 | $0.26 | $0.20 | $0.03 |
Dividend yield | 1.81% | 1.74% | 1.16% | 0.93% | 1.93% | 2.61% | 2.02% | 0.34% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Short-Term Bond Index 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.05 | |||||||
2023 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.17 |
2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.09 |
2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.04 | $0.01 | $0.03 | $0.20 |
2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.26 |
2018 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
2017 | $0.01 | $0.01 | $0.02 | $0.03 |
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 Short-Term Bond Index 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 Short-Term Bond Index Fund was 8.45%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current Fidelity Short-Term Bond Index Fund drawdown is 1.52%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-8.45% | Aug 5, 2021 | 308 | Oct 20, 2022 | — | — | — |
-2.04% | Mar 9, 2020 | 9 | Mar 19, 2020 | 15 | Apr 9, 2020 | 24 |
-1.39% | Oct 31, 2017 | 135 | May 15, 2018 | 144 | Dec 7, 2018 | 279 |
-1.08% | Sep 5, 2019 | 7 | Sep 13, 2019 | 14 | Oct 3, 2019 | 21 |
-0.68% | Jan 6, 2021 | 61 | Apr 5, 2021 | 82 | Jul 30, 2021 | 143 |
Volatility
Volatility Chart
The current Fidelity Short-Term Bond Index Fund volatility is 0.56%, 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.