Fidelity SAI Short-Term Bond Fund (FZOMX)
The fund primarily invests in investment-grade debt securities and repurchase agreements, aiming to maintain a short average maturity of three years or less.
Fund Info
Issuer | Fidelity Investments |
---|---|
Inception Date | Oct 13, 2020 |
Category | Short-Term Bond |
Min. Investment | $0 |
Asset Class | Bond |
Expense Ratio
FZOMX has a high expense ratio of 0.30%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity SAI Short-Term Bond 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 SAI Short-Term Bond Fund had a return of 1.26% year-to-date (YTD) and 4.20% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 1.26% | 11.29% |
1 month | 0.87% | 4.87% |
6 months | 3.07% | 17.88% |
1 year | 4.20% | 29.16% |
5 years (annualized) | N/A | 13.20% |
10 years (annualized) | N/A | 10.97% |
Monthly Returns
The table below presents the monthly returns of FZOMX, 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 | 0.76% | -0.20% | 0.00% | 0.07% | 1.26% | ||||||||
2023 | 1.21% | -0.65% | 1.18% | 0.21% | -0.02% | -0.27% | 0.50% | 0.41% | -0.32% | 0.51% | 1.26% | 0.94% | 5.05% |
2022 | -0.67% | -0.47% | -1.39% | -0.47% | 0.37% | -0.67% | 0.60% | -0.64% | -1.26% | -0.20% | 1.01% | 0.11% | -3.64% |
2021 | -0.04% | -0.06% | -0.17% | 0.13% | 0.14% | -0.07% | 0.23% | -0.07% | -0.07% | -0.43% | -0.07% | -0.16% | -0.65% |
2020 | -0.09% | 0.06% | 0.24% | 0.25% | 0.46% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FZOMX is 83, placing it in the top 17% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
FZOMX (Fidelity SAI Short-Term Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity SAI Short-Term Bond Fund (FZOMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity SAI Short-Term Bond Fund granted a 3.77% dividend yield in the last twelve months. The annual payout for that period amounted to $0.36 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Dividend | $0.36 | $0.31 | $0.10 | $0.05 | $0.02 |
Dividend yield | 3.77% | 3.26% | 1.01% | 0.46% | 0.15% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity SAI Short-Term Bond 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 | $0.00 | $0.13 | |||||||
2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.31 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.10 |
2021 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.05 |
2020 | $0.00 | $0.01 | $0.00 | $0.01 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity SAI Short-Term Bond 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 Short-Term Bond Fund was 5.89%, occurring on Oct 20, 2022. Recovery took 292 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-5.89% | Aug 5, 2021 | 306 | Oct 20, 2022 | 292 | Dec 14, 2023 | 598 |
-0.73% | Apr 5, 2024 | 8 | Apr 16, 2024 | 13 | May 3, 2024 | 21 |
-0.72% | Feb 2, 2024 | 8 | Feb 13, 2024 | 35 | Apr 3, 2024 | 43 |
-0.41% | Jan 16, 2024 | 4 | Jan 19, 2024 | 8 | Jan 31, 2024 | 12 |
-0.36% | Feb 16, 2021 | 15 | Mar 8, 2021 | 64 | Jun 8, 2021 | 79 |
Volatility
Volatility Chart
The current Fidelity SAI Short-Term Bond Fund volatility is 0.46%, 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.