- Issuer
- Fidelity
- Inception Date
- May 17, 2023
- Region
- North America (U.S.)
- Category
- Intermediate Core Bond
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
FSMOX Performance Chart
Fidelity SAI Investment Grade Securitized Fund (FSMOX) is up 0.9% since the beginning of the year. FSMOX is currently trading at $10 per share.
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Returns By Period
Fidelity SAI Investment Grade Securitized Fund (FSMOX) has returned 0.88% so far this year and 6.38% over the past 12 months.
Fidelity SAI Investment Grade Securitized Fund
- 1D
- 0.20%
- 1M
- 0.90%
- YTD
- 0.88%
- 6M
- 1.21%
- 1Y
- 6.38%
- 3Y*
- 4.09%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FSMOX Monthly Returns History
Based on dividend-adjusted daily data since May 17, 2023, FSMOX's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, an investment would double in approximately 18.1 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2023 with a return of +5.4%, while the worst month was Sep 2023 at -3.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FSMOX closed higher 47% of trading days. The best single day was Dec 13, 2023 with a return of +1.6%, while the worst single day was Apr 10, 2024 at -1.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.52% | 1.64% | -1.62% | 0.37% | 0.19% | -0.20% | 0.88% | ||||||
| 2025 | 0.63% | 2.46% | 0.06% | 0.17% | -0.84% | 1.73% | -0.33% | 1.63% | 1.21% | 0.78% | 0.72% | 0.03% | 8.52% |
| 2024 | -0.27% | -1.75% | 0.99% | -2.90% | 1.98% | 1.33% | 2.56% | 1.58% | 1.27% | -2.88% | 1.42% | -1.69% | 1.45% |
| 2023 | -0.20% | -0.80% | -0.40% | -1.22% | -3.12% | -2.55% | 5.43% | 4.35% | 1.16% |
Benchmark Metrics
Fidelity SAI Investment Grade Securitized Fund has an annualized alpha of 2.64%, beta of 0.07, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since May 17, 2023.
- This fund participated in 41.13% of S&P 500 Index downside but only 21.63% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.07 may look defensive, but with R2 of 0.03 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.03 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.64%
- Beta
- 0.07
- R²
- 0.03
- Upside Capture
- 21.63%
- Downside Capture
- 41.13%
Expense Ratio
FSMOX has an expense ratio of 0.33%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FSMOX ranks 36 for risk / return — below 36% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity SAI Investment Grade Securitized Fund (FSMOX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSMOX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.78 | -0.52 |
| Martin ratioReturn relative to average drawdown | 6.97 | 12.44 | -5.46 |
Dividends
Dividend History
Fidelity SAI Investment Grade Securitized Fund provided a 4.47% dividend yield over the last twelve months, with an annual payout of $0.44 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.44 | $0.44 | $0.49 | $0.12 |
Dividend yield | 4.47% | 4.44% | 5.07% | 1.21% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity SAI Investment Grade Securitized 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.00 | $0.18 | ||||||
| 2025 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.44 |
| 2024 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.49 |
| 2023 | $0.04 | $0.00 | $0.04 | $0.05 | $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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity SAI Investment Grade Securitized 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 SAI Investment Grade Securitized Fund was 8.65%, occurring on Oct 25, 2023. Recovery took 35 trading sessions.
The current Fidelity SAI Investment Grade Securitized Fund drawdown is 1.26%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 pullback2023 | -8.65%Oct 2023 | 4mo 25d | 1mo 20d | 6mo 15dJun 2023 - Dec 2023 |
2025 pullback2025 | -5.15%Jan 2025 | 3mo 28d | 2mo 20d | 6mo 18dSep 2024 - Apr 2025 |
2024 pullback2024 | -4.41%Apr 2024 | 2mo 23d | 2mo 17d | 5mo 10dFeb 2024 - Jul 2024 |
2025 selloff2025 | -2.96%May 2025 | 1mo 14d | 1mo 10d | 2mo 24dApr 2025 - Jun 2025 |
2026 pullback2026 | -2.84%May 2026 | 2mo 18d | — | 3mo 23dMar 2026 - now |
Drawdown Indicators
| FSMOX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.65% | -56.78% | +48.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -9.10% | +6.26% |
Max Drawdown (3Y)Largest decline over 3 years | -8.47% | -18.90% | +10.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.26% | -1.80% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -10.71% | +8.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 2.03% | -1.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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