Fidelity Short Duration High Income Fund (FSAHX)
The fund normally invests primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities. It normally invests primarily in securities rated BB or B by Standard & Poor's (S&P), Ba or B by Moody's Investors Service (Moody's), comparably rated by at least one nationally recognized credit rating agency, or, if unrated, considered by Fidelity Management & Research Company (FMR) to be of comparable quality. The fund normally maintains a duration of three years or less.
Fund Info
US31641Q8472
31641Q847
Nov 5, 2013
$0
Expense Ratio
FSAHX features an expense ratio of 0.75%, falling within the medium range.
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 Duration High Income 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 Duration High Income Fund had a return of 7.13% year-to-date (YTD) and 7.56% in the last 12 months. Over the past 10 years, Fidelity Short Duration High Income Fund had an annualized return of 3.76%, while the S&P 500 had an annualized return of 11.01%, indicating that Fidelity Short Duration High Income Fund did not perform as well as the benchmark.
FSAHX
7.13%
-0.66%
3.67%
7.56%
3.52%
3.76%
^GSPC (Benchmark)
23.11%
-0.36%
7.02%
23.15%
12.80%
11.01%
Monthly Returns
The table below presents the monthly returns of FSAHX, 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 | 0.90% | 0.47% | 0.57% | 0.18% | 0.96% | 0.11% | 1.87% | 0.67% | 1.63% | 0.02% | 0.67% | 7.13% | |
| 2023 | 3.01% | -0.62% | 0.82% | 0.23% | -0.46% | 1.51% | 1.06% | 0.47% | -0.81% | -0.33% | 2.85% | 2.13% | 10.22% |
| 2022 | -1.51% | -0.27% | -0.23% | -2.28% | 0.08% | -4.94% | 3.66% | -0.55% | -2.53% | 1.93% | 1.34% | -1.08% | -6.46% |
| 2021 | 0.07% | 0.36% | 0.50% | 0.70% | 0.08% | 0.71% | -0.03% | 0.50% | 0.06% | -0.04% | -1.00% | 1.41% | 3.34% |
| 2020 | -0.13% | -0.57% | -7.85% | 3.94% | 3.13% | -0.04% | 2.71% | 0.60% | -0.36% | 0.18% | 1.89% | 0.92% | 3.99% |
| 2019 | 3.40% | 1.31% | 0.60% | 0.90% | -0.79% | 1.44% | 0.47% | 0.44% | 0.20% | -0.01% | 0.30% | 0.77% | 9.32% |
| 2018 | 0.55% | -0.52% | -0.63% | 0.80% | 0.25% | -0.21% | 1.13% | 0.35% | 0.55% | -1.02% | -0.60% | -1.84% | -1.25% |
| 2017 | 0.75% | 0.82% | 0.01% | 0.84% | 0.64% | -0.20% | 0.65% | 0.13% | 0.73% | 0.32% | -0.29% | 0.45% | 4.97% |
| 2016 | -2.05% | -0.29% | 3.64% | 2.73% | 0.60% | 0.37% | 1.67% | 1.43% | 0.66% | 0.14% | -0.20% | 1.57% | 10.65% |
| 2015 | -0.05% | 2.83% | -0.35% | 0.97% | 0.57% | -1.06% | -0.24% | -1.17% | -1.93% | 1.90% | -2.04% | -2.60% | -3.26% |
| 2014 | 0.43% | 1.05% | 0.16% | 0.36% | 0.57% | 0.47% | -1.07% | 0.91% | -1.58% | 0.63% | -0.78% | -0.97% | 0.15% |
| 2013 | 0.50% | 0.00% | 0.50% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, FSAHX is among the top 4% 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 Fidelity Short Duration High Income Fund (FSAHX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Short Duration High Income Fund provided a 5.76% dividend yield over the last twelve months, with an annual payout of $0.52 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.53 | $0.37 | $0.32 | $0.33 | $0.40 | $0.41 | $0.39 | $0.41 | $0.43 | $0.35 |
Dividend yield | 5.76% | 5.97% | 4.35% | 3.39% | 3.48% | 4.23% | 4.51% | 4.11% | 4.31% | 4.83% | 3.61% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Short Duration High Income 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 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.00 | $0.43 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.09 | $0.53 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.37 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.33 |
| 2019 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.40 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.41 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.39 |
| 2016 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.41 |
| 2015 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2014 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.35 |
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 Duration High Income 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 Duration High Income Fund was 16.77%, occurring on Mar 23, 2020. Recovery took 91 trading sessions.
The current Fidelity Short Duration High Income Fund drawdown is 1.32%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.77% | Feb 21, 2020 | 22 | Mar 23, 2020 | 91 | Jul 31, 2020 | 113 |
| -11.7% | Jun 1, 2015 | 178 | Feb 11, 2016 | 127 | Aug 12, 2016 | 305 |
| -8.89% | Jan 3, 2022 | 125 | Jun 30, 2022 | 356 | Nov 22, 2023 | 481 |
| -5.3% | Jul 2, 2014 | 117 | Dec 16, 2014 | 76 | Apr 8, 2015 | 193 |
| -4.38% | Oct 3, 2018 | 58 | Dec 26, 2018 | 28 | Feb 6, 2019 | 86 |
Volatility
Volatility Chart
The current Fidelity Short Duration High Income Fund volatility is 1.09%, 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.