Fidelity SAI Low Duration Income Fund (FZOLX)

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The chart shows the growth of an initial investment of $10,000 in Fidelity SAI Low Duration 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.

Fidelity SAI Low Duration Income Fund (FZOLX) has returned 0.40% so far this year and 3.97% over the past 12 months.

Based on dividend-adjusted daily data since Sep 15, 2020, FZOLX's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, your investment would double in approximately 23.1 years.

Historically, 81% of months were positive and 19% were negative. The best month was Jan 2023 with a return of +0.7%, while the worst month was Jun 2022 at -0.3%. The longest winning streak lasted 41 consecutive months, and the longest losing streak was 4 months.

On a daily basis, FZOLX closed higher 12% of trading days. The best single day was May 31, 2024 with a return of +0.5%, while the worst single day was Jun 23, 2023 at -0.3%.

Fidelity SAI Low Duration Income Fund has an annualized alpha of 3.03%, beta of 0.00, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since September 16, 2020.

• This fund captured 6.32% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -5.73%) — a profile typical of hedging or uncorrelated assets.
• Beta of 0.00 may look defensive, but with R² of 0.00 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 0.00 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.

FZOLX has an expense ratio of 0.22%, which is considered low.

FZOLX ranks 99 for risk / return — in the top 99% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Fidelity SAI Low Duration Income Fund (FZOLX) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity SAI Low Duration Income Fund provided a 4.82% dividend yield over the last twelve months, with an annual payout of $0.48 per share. The fund has been increasing its distributions for 5 consecutive years.

The table displays the monthly dividend distributions for Fidelity SAI Low Duration Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Fidelity SAI Low Duration 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 SAI Low Duration Income Fund was 1.10%, occurring on Jul 13, 2022. Recovery took 119 trading sessions.

The current Fidelity SAI Low Duration Income Fund drawdown is 0.20%.

The chart below shows the rolling one-month volatility.