Fidelity Series Short-Term Credit Fund (FYBTX)
The fund normally invests at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities. It is managed to have similar overall interest rate risk to the Bloomberg U.S. Credit 1-3 Years Bond Index. The fund normally maintains a dollar-weighted average maturity of three years or less. It allocates assets across different market sectors and maturities.
Fund Info
US31635V6048
31635V604
Mar 27, 2015
$0
Expense Ratio
FYBTX has an expense ratio of 0.00%, indicating no management fees are charged.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Series Short-Term Credit 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 Series Short-Term Credit Fund had a return of 4.86% year-to-date (YTD) and 5.07% in the last 12 months.
FYBTX
4.86%
-0.10%
2.76%
5.07%
2.14%
N/A
^GSPC (Benchmark)
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
Monthly Returns
The table below presents the monthly returns of FYBTX, 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 | 0.78% | -0.13% | 0.20% | 0.02% | 0.85% | 0.30% | 1.59% | 0.50% | 1.30% | -0.44% | 0.10% | 4.86% | |
| 2023 | 1.45% | -0.64% | 1.06% | 0.31% | 0.13% | -0.19% | 0.66% | 0.34% | -0.21% | 0.40% | 1.40% | 1.13% | 5.97% |
| 2022 | -0.59% | -0.50% | -1.30% | -0.82% | 0.54% | -0.67% | 0.62% | -0.45% | -1.20% | -0.25% | 1.25% | 0.10% | -3.25% |
| 2021 | 0.06% | -0.16% | -0.15% | 0.24% | 0.13% | -0.09% | 0.31% | 0.01% | -0.09% | -0.59% | -0.10% | -0.29% | -0.72% |
| 2020 | 0.71% | 0.70% | -2.74% | 2.13% | 1.09% | 0.78% | 0.58% | 0.26% | -0.03% | -0.13% | 0.35% | 0.16% | 3.86% |
| 2019 | 0.63% | 0.41% | 0.74% | 0.33% | 0.54% | 0.63% | 0.14% | 0.73% | 0.13% | 0.33% | 0.12% | 0.25% | 5.09% |
| 2018 | -0.13% | -0.24% | -0.10% | 0.25% | 0.39% | -0.20% | 0.48% | 0.41% | -0.00% | 0.11% | 0.11% | 0.56% | 1.65% |
| 2017 | 0.21% | 0.18% | 0.09% | 0.29% | 0.21% | 0.04% | 0.25% | 0.25% | -0.05% | 0.15% | -0.24% | 0.10% | 1.49% |
| 2016 | 0.39% | -0.01% | 0.69% | 0.18% | -0.02% | 0.58% | 0.09% | -0.02% | 0.08% | -0.12% | -0.44% | 0.07% | 1.49% |
| 2015 | 0.09% | -0.00% | -0.20% | 0.11% | -0.10% | 0.20% | 0.11% | -0.10% | -0.20% | -0.09% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 95, FYBTX is among the top 5% 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 Series Short-Term Credit Fund (FYBTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Series Short-Term Credit Fund provided a 3.50% dividend yield over the last twelve months, with an annual payout of $0.35 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.27 | $0.16 | $0.15 | $0.23 | $0.28 | $0.24 | $0.16 | $0.11 | $0.09 |
Dividend yield | 3.50% | 2.74% | 1.71% | 1.47% | 2.20% | 2.74% | 2.44% | 1.59% | 1.08% | 0.92% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Series Short-Term Credit 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.00 | $0.00 | $0.32 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.27 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.16 |
| 2021 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.28 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.24 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.16 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.11 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
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 Series Short-Term Credit 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 Series Short-Term Credit Fund was 6.02%, occurring on Oct 20, 2022. Recovery took 281 trading sessions.
The current Fidelity Series Short-Term Credit Fund drawdown is 0.74%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.02% | Sep 7, 2021 | 286 | Oct 20, 2022 | 281 | Nov 29, 2023 | 567 |
| -5.58% | Mar 9, 2020 | 12 | Mar 24, 2020 | 46 | May 29, 2020 | 58 |
| -0.89% | Oct 2, 2024 | 21 | Oct 30, 2024 | — | — | — |
| -0.78% | Sep 8, 2016 | 69 | Dec 14, 2016 | 74 | Apr 3, 2017 | 143 |
| -0.71% | Sep 11, 2017 | 132 | Mar 20, 2018 | 49 | May 29, 2018 | 181 |
Volatility
Volatility Chart
The current Fidelity Series Short-Term Credit Fund volatility is 0.40%, 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.