Fidelity Short Term Bond Fund

^#51 in Short-Term Bond

U.S. News evaluated 111 Short-Term Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 1.76 percent over the past year, 2.17 percent over the past three years, 2.65 percent over the past five years, and 2.37 percent over the past decade.

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Summary

The investment seeks to obtain a high level of current income consistent with preservation of capital. 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 normally maintains a dollar-weighted average maturity of three years or less. The fund allocates assets across different market sectors and maturities. It invests in domestic and foreign issuers. The fund invests in Fidelity's central funds.

Fees

Fees are Low compared to funds in the same category.
Fidelity Short Term Bond Fund has an expense ratio of 0.45 percent.

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Risk

Risk is Below Average compared to funds in the same category according to Morningstar.

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Fund Opinions

The fund's Value Line Overall Rank, a measure of risk-adjusted performance and relative growth in fund returns, is 4 on a scale of 1 to 5, with 1 being the best and 5 the worst.

Value Line 2013-03-12

The fund's Value Line Growth Persistence rank, which awards funds that consistently outperform their broad universes, is 5 for one year, 5 for five years, and 5 for 10 years. Scores are on a 1 to 5 scale, with 1 being the best and 5 the worst.

Value Line 2013-03-12

The fund's Value Line Risk Rank, a measure of volatility, is 1 on a scale of 1 to 5, with 1 being the least volatile and 5 the most.

Value Line 2013-03-12