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Fidelity SAI Total Bond Fund

mutual fund
FSMTX
Dividend policy
Active
Price as of:
$10.69 -0.01 0%
primary theme
U.S. Intermediate-Term Bond Duration
share class
FSMTX (Mutual Fund)

Fidelity SAI Total Bond Fund

Dividend policy
Active
Price as of:
$10.69 -0.01 0%
primary theme
U.S. Intermediate-Term Bond Duration
share class
FSMTX (Mutual Fund)
Fidelity SAI Total Bond Fund
Dividend policy
Active
Price as of:
$10.69 -0.01 0%
primary theme
U.S. Intermediate-Term Bond Duration
share class

FSMTX - Snapshot

Vitals

  • YTD Return 1.8%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $16.2 B
  • Holdings in Top 10 20.5%

52 WEEK LOW AND HIGH

$10.70
$9.79
$11.09

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.31%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 214.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Theme U.S. Intermediate-Term Bond Duration
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate Core-Plus Bond

Compare FSMTX to Popular U.S. Intermediate-Term Bond Duration Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$11.60

-0.09%

$298.00 B

-

$0.00

blocked
blocked
blocked

4.98%

-

$11.51

-0.17%

$204.55 B

2.23%

$0.26

blocked
blocked
blocked

4.54%

-

$11.66

-0.09%

$90.55 B

1.59%

$0.19

blocked
blocked
blocked

6.58%

-

$10.94

-0.09%

$69.32 B

2.51%

$0.28

blocked
blocked
blocked

5.80%

-

$14.15

-0.07%

$68.37 B

1.87%

$0.27

blocked
blocked
blocked

8.10%

-

Compare FSMTX to Popular U.S. Intermediate-Term Bond Duration ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$87.93

-0.17%

$298.00 B

2.47%

$2.17

blocked
blocked
blocked

5.06%

-

$117.71

-0.11%

$83.43 B

2.24%

$2.64

blocked
blocked
blocked

4.93%

-

$93.05

-0.12%

$40.26 B

2.50%

$2.33

blocked
blocked
blocked

6.87%

-

$55.87

-0.13%

$8.51 B

2.49%

$1.39

blocked
blocked
blocked

4.75%

-

$54.23

-0.20%

$5.99 B

2.62%

$1.42

blocked
blocked
blocked

4.32%

-

FSMTX - Profile

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Semi-Monthly
  • Net Income Ratio 3.08%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity SAI Total Bond Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Oct 25, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Foggin

Fund Description

The fund normally invests at least 80% of assets in debt securities of all types and repurchase agreements for those securities. The manager uses the Bloomberg Barclays U.S. Universal Bond Index as a guide in allocating assets across the investment-grade, high yield, and emerging market asset classes. The fund also invests up to 20% of assets in lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds).


FSMTX - Performance

Return Ranking - Trailing

Period FSMTX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -6.6% 948.5% 93.09%
1 Yr 8.6% -3.8% 18.7% 24.57%
3 Yr N/A* 0.9% 9.1% N/A
5 Yr N/A* 1.1% 8.8% N/A
10 Yr N/A* 1.4% 8.1% N/A

* Annualized

Return Ranking - Calendar

Period FSMTX Return Category Return Low Category Return High Rank in Category (%)
2019 4.6% -1.7% 13.9% 75.28%
2018 N/A -10.3% 2.7% N/A
2017 N/A -49.5% 8.1% N/A
2016 N/A -49.3% 192.8% N/A
2015 N/A -12.2% 0.2% N/A

Total Return Ranking - Trailing

Period FSMTX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -6.6% 948.5% 93.09%
1 Yr 8.6% -7.3% 18.7% 21.70%
3 Yr N/A* 0.9% 9.1% N/A
5 Yr N/A* 1.0% 8.8% N/A
10 Yr N/A* 1.4% 8.1% N/A

* Annualized

Total Return Ranking - Calendar

Period FSMTX Return Category Return Low Category Return High Rank in Category (%)
2019 4.6% -1.7% 13.9% 77.48%
2018 N/A -10.3% 3.9% N/A
2017 N/A -6.0% 8.4% N/A
2016 N/A -5.7% 204.3% N/A
2015 N/A -12.2% 3.7% N/A

NAV & Total Return History


FSMTX - Holdings

Concentration Analysis

FSMTX Category Low Category High FSMTX % Rank
Net Assets 16.2 B 3.19 M 298 B 11.37%
Number of Holdings 2929 1 18468 6.79%
Net Assets in Top 10 3.35 B -1.17 B 39.4 B 11.53%
Weighting of Top 10 20.51% 3.1% 100.0% 62.73%

Top 10 Holdings

  1. Fidelity Revere Str Tr 4.64%
  2. United States Treasury Notes 1.62% 2.97%
  3. United States Treasury Notes 0.38% 2.18%
  4. United States Treasury Bonds 1.38% 2.17%
  5. United States Treasury Notes 2.12% 2.09%
  6. United States Treasury Bonds 3% 2.04%
  7. US Treasury Note 0.38% 2.03%
  8. United States Treasury Bonds 3% 1.96%
  9. Fannie Mae 3% 30 Year 1.62%
  10. Fannie Mae 3% 30 Year 1.62%

Asset Allocation

Weighting Return Low Return High FSMTX % Rank
Bonds
94.52% -56.20% 351.52% 48.61%
Cash
3.35% -238.91% 164.87% 55.63%
Convertible Bonds
2.04% 0.00% 11.80% 21.86%
Stocks
0.06% -0.17% 10.12% 10.22%
Preferred Stocks
0.04% 0.00% 80.56% 29.58%
Other
0.00% -14.22% 9.30% 45.95%

Stock Sector Breakdown

Weighting Return Low Return High FSMTX % Rank
Energy
98.89% 0.00% 100.00% 16.14%
Communication Services
1.11% 0.00% 100.00% 29.47%
Utilities
0.00% 0.00% 100.00% 58.95%
Technology
0.00% 0.00% 73.15% 47.37%
Real Estate
0.00% 0.00% 88.25% 46.32%
Industrials
0.00% 0.00% 33.93% 50.88%
Healthcare
0.00% 0.00% 60.00% 54.74%
Financial Services
0.00% 0.00% 100.00% 62.46%
Consumer Defense
0.00% 0.00% 24.55% 45.61%
Consumer Cyclical
0.00% 0.00% 100.00% 51.93%
Basic Materials
0.00% 0.00% 100.00% 48.42%

Stock Geographic Breakdown

Weighting Return Low Return High FSMTX % Rank
US
0.06% -0.17% 7.96% 9.49%
Non US
0.00% 0.00% 4.67% 46.70%

Bond Sector Breakdown

Weighting Return Low Return High FSMTX % Rank
Corporate
42.51% 0.00% 100.00% 27.07%
Government
27.68% 0.00% 89.10% 29.40%
Securitized
24.40% 0.00% 98.73% 72.56%
Cash & Equivalents
4.72% 0.00% 91.85% 58.98%
Municipal
0.67% 0.00% 87.98% 38.60%
Derivative
0.02% 0.00% 23.62% 33.58%

Bond Geographic Breakdown

Weighting Return Low Return High FSMTX % Rank
US
76.34% -56.44% 336.16% 79.72%
Non US
18.18% -144.79% 79.88% 12.47%

FSMTX - Expenses

Operational Fees

FSMTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.31% 0.01% 21.33% 90.56%
Management Fee 0.30% 0.00% 0.85% 28.25%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

FSMTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FSMTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FSMTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 214.00% 3.00% 489.00% 74.57%

FSMTX - Distributions

Dividend Yield Analysis

FSMTX Category Low Category High FSMTX % Rank
Dividend Yield 0.00% 0.00% 3.92% 47.87%

Dividend Distribution Analysis

FSMTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Semi-Annually Monthly Monthly

Net Income Ratio Analysis

FSMTX Category Low Category High FSMTX % Rank
Net Income Ratio 3.08% -0.35% 11.28% 15.87%

Capital Gain Distribution Analysis

FSMTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Monthly Annually Annually Annually

Dividend Payout History

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FSMTX - Fund Manager Analysis

Managers

Michael Foggin


Start Date

Tenure

Tenure Rank

Oct 25, 2018

2.1

2.1%

Michael Foggin is a portfolio manager at Fidelity Institutional Asset Management (FIAM), an investment organization within Fidelity Investments’ asset management division that is dedicated to serving the needs of consultants and institutional investors, such as defined benefit and defined contribution plans, endowments and financial advisors. In this role, he manages the Global and International Credit Portfolios as part of the Global Fixed Income Team. Prior to joining Fidelity in July 2012, Mr. Foggin was a Fixed Income portfolio manager at Schroders from 2006 to 2012. Previously he worked at Caxton Asset Management Limited from 2004 to 2006. He has been in the investments industry since 2001. Mr. Foggin earned his bachelor of science degree in physics from Manchester University

Celso Munoz


Start Date

Tenure

Tenure Rank

Oct 25, 2018

2.1

2.1%

Celso Munoz is a portfolio manager at FMRCo. In this role he co-manages multiple bond funds and is a member of the bond division’s Core/Core Plus team. Prior to assuming his current position, Mr. Munoz worked as a research analyst covering the insurance industry and the GSEs. Previously, he worked as an equity research analyst from 2005 to 2012. Mr. Munoz joined Fidelity in 2005 and has been in the investments industry since 1999. Mr. Munoz earned his bachelor of science degree in economics from the University of Pennsylvania and his MBA from Harvard Business School. He is a CFA charterholder.

Ford O'Neil


Start Date

Tenure

Tenure Rank

Oct 25, 2018

2.1

2.1%

Ford O’Neil is a portfolio manager at FMRCo. In this role, Mr. O’Neil manages various retail and institutional taxable bond funds/portfolios. His responsibilities include managing multiple Fidelity and Fidelity Advisor funds and various institutional comingled pools. Prior to assuming his current role, he worked as an analyst focusing on the utility sector from 1990 to 1992. Mr. O’Neil joined Fidelity in 1990 and has been in the investments industry since 1985. He earned his bachelor of arts degree from Harvard College and his MBA from The Wharton School at the University of Pennsylvania.

Michael Weaver


Start Date

Tenure

Tenure Rank

Oct 25, 2018

2.1

2.1%

Michael Weaver is a portfolio manager at FMR Co. In this role, Mr. Weaver is responsible for co-managing Fidelity Total Bond ETF, multiple institutional high yield portfolios, and co-manages all of Fidelity’s collateralized loan obligation strategies. Previously, Mr. Weaver held various positions in the High Income Group, including portfolio manager covering Select Automotive from 2009 to 2013. Mr. Weaver joined Fidelity in 2005, and has been in the investments industry since 1998. Mr. Weaver earned his BS degree in economics from the Wharton School at the University of Pennsylvania.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 31.93 7.02 1.42

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