Strategic Advisers® Short Duration Fund

Class Other (FAUDX)

U.S. News evaluated 128 Short-Term Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

See all Fidelity Investments funds

See full Short-Term Bond rankings

See more fund rankings

Performance

The fund has returned 1.38 percent over the past year.

Trailing Returns Updated 06.30.2014
Year to date 0.7%
1 Year 1.4%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

See more FAUDX performance

Summary

The investment seeks to obtain a high level of current income consistent with preservation of capital. The fund allocates among affiliated fixed-income funds and non-affiliated fixed-income funds that participate in Fidelity's FundsNetwork®, and non-affiliated ETFs (underlying funds) and sub-advisers. It allocates assets among underlying funds and sub-advisers to achieve similar overall interest rate risk to the Citigroup® 6-Month U.S. Treasury Bill Index. The fund invests in U.S. dollar-denominated money market and investment-grade debt securities, and repurchase agreements. It maintains a dollar-weighted average maturity of three years or less.

Fees

Fees are Low compared to funds in the same category.
Strategic Advisers® Short Duration Fund has an expense ratio of 0.13 percent.

See more FAUDX fees

Risk

Risk is N/A compared to funds in the same category according to Morningstar.

See more FAUDX risk