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Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
0.15% 0.13% 200.28M 26896.70
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
1.88% 14.00% 82.09M Upgrade

Basic Info

Investment Strategy
The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Low Duration Investment Grade Factor Index℠. The fund normally invests at least 80% of assets in securities included in the index. The index is designed to optimize the balance of interest rate risk and credit risk such that both returns and risk measures may be improved relative to traditional U.S. investment grade floating rate note indices. The index is comprised solely of U.S. investment grade floating rate notes and U.S. Treasury notes.
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style Medium Quality/Limited Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Ultrashort Bond
Category Index BBgBarc Govt/Corp 1 Yr Duration TR USD
Prospectus Objective Growth and Income
Fund Owner Firm Name Fidelity Investments
Prospectus Benchmark Index
Fidelity Low Durtn IG Fct TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Brandon Bettencourt 2.22 yrs
Jay Small 2.22 yrs

One Page Report

Net Fund Flows Versus Category

View Net Fund Flows. Upgrade now.
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 43
82.09M
-4.363B Category Low
5.549B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of August 31, 2020

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
Total Return (Price)
--
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Total Return (NAV)
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Category Rtn. (NAV)
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As of September 18, 2020. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2013
2014
2015
2016
2017
2018
2019
YTD
--
--
--
--
--
--
4.52%
1.91%
-2.02%
5.97%
0.55%
2.65%
3.54%
0.01%
8.72%
6.93%
1.50%
0.71%
-0.40%
2.53%
2.80%
0.30%
5.70%
1.02%
--
0.06%
0.17%
1.69%
1.19%
2.04%
3.23%
1.44%
0.73%
0.08%
0.33%
1.56%
1.65%
1.48%
3.97%
0.71%
0.76%
-0.09%
0.44%
1.72%
1.81%
1.39%
4.02%
0.58%
As of September 18, 2020.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (9-18-20) 1.88%
30-Day SEC Yield (8-31-20) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Bond
Current Yield 1.88%
Yield to Maturity --
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of September 17, 2020

Asset Allocation

As of September 17, 2020.
Type % Net % Long % Short
Cash 9.52% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 83.53% Upgrade Upgrade
Convertible 6.96% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Fidelity Revere Str Tr
3.22% -- --
Morgan Stanley 1.45%
2.20% -- --
Sempra Energy 0.78%
1.55% -- --
United States Treasury Notes 2.62%
1.54% -- --
Wells Fargo & Company 1.18%
1.50% -- --
Jackson National Life Global Funding 0.57%
1.46% -- --
Credit Suisse Group Funding (Guernsey) Limited 2.56%
1.39% -- --
National Australia Bank Limited 0.96%
1.38% -- --
United States Treasury Notes 1.5%
1.29% -- --
United States Treasury Notes 2.88%
1.28% -- --

Basic Info

Investment Strategy
The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Low Duration Investment Grade Factor Index℠. The fund normally invests at least 80% of assets in securities included in the index. The index is designed to optimize the balance of interest rate risk and credit risk such that both returns and risk measures may be improved relative to traditional U.S. investment grade floating rate note indices. The index is comprised solely of U.S. investment grade floating rate notes and U.S. Treasury notes.
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style Medium Quality/Limited Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Ultrashort Bond
Category Index BBgBarc Govt/Corp 1 Yr Duration TR USD
Prospectus Objective Growth and Income
Fund Owner Firm Name Fidelity Investments
Prospectus Benchmark Index
Fidelity Low Durtn IG Fct TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Brandon Bettencourt 2.22 yrs
Jay Small 2.22 yrs

One Page Report

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (9-18-20) 1.88%
30-Day SEC Yield (8-31-20) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Bond
Current Yield 1.88%
Yield to Maturity --
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of September 17, 2020

Fund Details

Key Dates
Inception Date 6/12/2018
Last Annual Report Date 8/31/2019
Last Prospectus Date 12/30/2019
Attributes
Enhanced Index Fund No
Index Fund Yes
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No