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
US31635V2732
31635V273
Oct 18, 2017
$0
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 3.33% year-to-date (YTD) and 5.40% in the last 12 months.
FNSOX
3.33%
-0.41%
3.14%
5.40%
1.07%
N/A
^GSPC (Benchmark)
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
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 | 0.59% | -0.68% | 0.31% | -0.64% | 0.99% | 0.51% | 1.67% | 0.81% | 1.16% | -1.10% | 3.33% | ||
| 2023 | 1.41% | -1.24% | 1.82% | 0.42% | -0.36% | -0.59% | 0.35% | 0.24% | -0.52% | 0.17% | 1.72% | 1.44% | 4.90% |
| 2022 | -0.93% | -0.64% | -1.84% | -1.06% | 0.76% | -0.74% | 0.83% | -1.24% | -1.77% | -0.31% | 1.40% | -0.10% | -5.55% |
| 2021 | -0.02% | -0.33% | -0.22% | 0.25% | 0.16% | -0.23% | 0.45% | -0.14% | -0.23% | -0.72% | -0.04% | -0.22% | -1.29% |
| 2020 | 0.96% | 1.04% | 0.45% | 0.73% | 0.52% | 0.31% | 0.30% | 0.00% | -0.11% | -0.30% | 0.18% | 0.02% | 4.19% |
| 2019 | 0.52% | 0.09% | 1.02% | 0.21% | 0.92% | 0.80% | -0.10% | 1.19% | -0.22% | 0.18% | -0.03% | 0.01% | 4.68% |
| 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% | 1.14% |
| 2017 | 0.06% | -0.27% | 0.05% | -0.16% |
Expense Ratio
FNSOX has an expense ratio of 0.03%, which is considered low compared to other funds.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FNSOX is 57, 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.
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 provided a 2.05% dividend yield over the last twelve months, with an annual payout of $0.20 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.20 | $0.17 | $0.11 | $0.08 | $0.15 | $0.24 | $0.20 | $0.03 |
Dividend yield | 2.05% | 1.75% | 1.17% | 0.76% | 1.45% | 2.35% | 2.03% | 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 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.16 | |
| 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 | $0.01 | $0.01 | $0.01 | $0.08 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 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. Drawdowns are calculated considering price movements and all distributions paid, if any.
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 8.83%, occurring on Oct 20, 2022. Recovery took 451 trading sessions.
The current Fidelity Short-Term Bond Index Fund drawdown is 1.49%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8.83% | Aug 5, 2020 | 560 | Oct 20, 2022 | 451 | Jul 31, 2024 | 1011 |
| -2.04% | Mar 9, 2020 | 9 | Mar 19, 2020 | 15 | Apr 9, 2020 | 24 |
| -1.49% | Oct 2, 2024 | 30 | Nov 12, 2024 | — | — | — |
| -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 |
Volatility
Volatility Chart
The current Fidelity Short-Term Bond Index Fund volatility is 0.53%, 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.