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Fidelity Short Duration High Income Fund
FSBHX (Mutual Fund)
Fidelity Short Duration High Income Fund
Name
As of 12/27/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
7.8%
1 yr return
7.8%
3 Yr Avg Return
3.5%
5 Yr Avg Return
3.5%
Net Assets
$232 M
Holdings in Top 10
21.5%
52 WEEK LOW AND HIGH
$9.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.01%
SALES FEES
Front Load 4.00%
Deferred Load N/A
TRADING FEES
Turnover 74.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/27/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FSBHX - Profile
Distributions
- YTD Total Return 7.8%
- 3 Yr Annualized Total Return 3.5%
- 5 Yr Annualized Total Return 3.5%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.21%
- Dividend Yield 9.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFidelity Short Duration High Income Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateNov 05, 2013
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKevin Nielsen
Fund Description
Normally investing primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds). Normally investing primarily in securities rated BB or B by Standard & Poor's (S&P), Ba or B by Moody's Investors Service (Moody's), comparably rated by at least one nationally recognized credit rating agency, or, if unrated, considered by Fidelity Management & Research Company (FMR) to be of comparable quality. Potentially investing in non-income producing securities, including defaulted securities and common stocks. Investing in companies in troubled or uncertain financial condition. Normally maintaining a duration of three years or less. Investing in floating rate loans, which are often lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds), and other floating rate securities. Investing in domestic and foreign issuers. Using fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.
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FSBHX - Performance
Return Ranking - Trailing
| Period | FSBHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.8% | -8.8% | 17.7% | 41.09% |
| 1 Yr | 7.8% | -9.2% | 18.4% | 41.91% |
| 3 Yr | 3.5%* | -14.6% | 21.0% | 22.17% |
| 5 Yr | 3.5%* | -12.0% | 36.5% | 48.30% |
| 10 Yr | 3.5%* | -4.8% | 20.1% | 73.05% |
* Annualized
Return Ranking - Calendar
| Period | FSBHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.8% | -4.7% | 14.3% | 82.07% |
| 2022 | -9.9% | -33.4% | 3.6% | 6.15% |
| 2021 | -0.1% | -8.4% | 8.2% | 55.69% |
| 2020 | 0.3% | -13.2% | 302.7% | 41.56% |
| 2019 | 4.8% | -4.4% | 13.3% | 84.67% |
Total Return Ranking - Trailing
| Period | FSBHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.8% | -8.8% | 17.7% | 41.09% |
| 1 Yr | 7.8% | -9.2% | 18.4% | 41.91% |
| 3 Yr | 3.5%* | -14.6% | 21.0% | 22.17% |
| 5 Yr | 3.5%* | -12.0% | 36.5% | 48.30% |
| 10 Yr | 3.5%* | -4.8% | 20.1% | 73.05% |
* Annualized
Total Return Ranking - Calendar
| Period | FSBHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.9% | -4.7% | 18.7% | 87.01% |
| 2022 | -6.4% | -33.4% | 47.8% | 11.79% |
| 2021 | 3.3% | -8.4% | 12.4% | 84.31% |
| 2020 | 4.0% | -9.6% | 325.6% | 73.53% |
| 2019 | 9.4% | -3.8% | 21.6% | 88.69% |
NAV & Total Return History
FSBHX - Holdings
Concentration Analysis
| FSBHX | Category Low | Category High | FSBHX % Rank | |
|---|---|---|---|---|
| Net Assets | 232 M | 3.13 M | 25.3 B | 71.97% |
| Number of Holdings | 488 | 2 | 3879 | 33.28% |
| Net Assets in Top 10 | 53.4 M | -492 M | 5.25 B | 63.59% |
| Weighting of Top 10 | 21.53% | 4.2% | 143.3% | 18.62% |
Top 10 Holdings
- Fidelity Securities Lending Cash Central Fund 6.70%
- Fidelity Cash Central Fund 5.96%
- ECHOSTAR CORP NEW 10.75% 09/27/2029 1.46%
- UST NOTES 1.5% 02/15/2030 1.44%
- TRANSDIGM INC 6.75% 08/15/2028 144A 1.21%
- CARNIVAL CORP 7.625% 03/01/2026 144A 0.99%
- CCO HLDGS LLC/CAP CORP 5.125% 05/01/2027 144A 0.96%
- VENTURE GLOBAL LNG INC 7% 01/15/2030 144A 0.95%
- ONEMAIN FINANCE CORP 3.5% 01/15/2027 0.94%
- TENET HEALTHCARE CORP 5.125% 11/01/2027 0.92%
Asset Allocation
| Weighting | Return Low | Return High | FSBHX % Rank | |
|---|---|---|---|---|
| Bonds | 94.58% | 0.00% | 145.36% | 56.56% |
| Cash | 12.66% | -52.00% | 47.28% | 7.91% |
| Preferred Stocks | 0.71% | 0.00% | 4.97% | 12.19% |
| Convertible Bonds | 0.54% | 0.00% | 17.89% | 72.65% |
| Stocks | 0.21% | 0.00% | 97.54% | 56.39% |
| Other | 0.00% | -39.08% | 99.86% | 52.55% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FSBHX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 100.00% | 54.17% |
| Technology | 0.00% | 0.00% | 33.17% | 53.43% |
| Real Estate | 0.00% | 0.00% | 86.71% | 46.20% |
| Industrials | 0.00% | 0.00% | 93.12% | 60.30% |
| Healthcare | 0.00% | 0.00% | 22.17% | 53.25% |
| Financial Services | 0.00% | 0.00% | 100.00% | 58.26% |
| Energy | 0.00% | 0.00% | 100.00% | 7.42% |
| Communication Services | 0.00% | 0.00% | 99.99% | 66.79% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 50.46% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 59.74% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 61.04% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FSBHX % Rank | |
|---|---|---|---|---|
| US | 0.21% | 0.00% | 97.54% | 55.19% |
| Non US | 0.00% | -0.01% | 2.00% | 23.89% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FSBHX % Rank | |
|---|---|---|---|---|
| Corporate | 96.33% | 0.00% | 100.00% | 37.46% |
| Cash & Equivalents | 12.66% | 0.00% | 47.28% | 7.08% |
| Derivative | 0.00% | -14.58% | 42.26% | 38.06% |
| Securitized | 0.00% | 0.00% | 97.24% | 48.35% |
| Municipal | 0.00% | 0.00% | 1.17% | 10.07% |
| Government | 0.00% | 0.00% | 99.07% | 34.82% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FSBHX % Rank | |
|---|---|---|---|---|
| US | 94.58% | 0.00% | 126.57% | 41.52% |
| Non US | 0.00% | 0.00% | 97.54% | 45.47% |
FSBHX - Expenses
Operational Fees
| FSBHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.01% | 0.02% | 38.33% | 46.38% |
| Management Fee | 0.70% | 0.00% | 1.75% | 82.10% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 20.27% |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| FSBHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 4.00% | 2.25% | 5.75% | 53.19% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| FSBHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 83.67% |
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.
| FSBHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 74.00% | 1.00% | 255.00% | 68.88% |
FSBHX - Distributions
Dividend Yield Analysis
| FSBHX | Category Low | Category High | FSBHX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 9.65% | 0.00% | 11.76% | 59.08% |
Dividend Distribution Analysis
| FSBHX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| FSBHX | Category Low | Category High | FSBHX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.21% | -2.39% | 9.30% | 90.60% |
Capital Gain Distribution Analysis
| FSBHX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 18, 2024 | $0.072 | OrdinaryDividend |
| Nov 30, 2024 | $0.040 | OrdinaryDividend |
| Oct 31, 2024 | $0.041 | OrdinaryDividend |
| Sep 30, 2024 | $0.040 | OrdinaryDividend |
| Aug 31, 2024 | $0.041 | OrdinaryDividend |
| Jul 31, 2024 | $0.041 | OrdinaryDividend |
| Jun 30, 2024 | $0.039 | OrdinaryDividend |
| Apr 30, 2024 | $0.040 | OrdinaryDividend |
| Mar 31, 2024 | $0.041 | OrdinaryDividend |
| Feb 29, 2024 | $0.039 | OrdinaryDividend |
| Jan 31, 2024 | $0.043 | OrdinaryDividend |
| Dec 31, 2023 | $0.042 | OrdinaryDividend |
| Dec 21, 2023 | $0.045 | OrdinaryDividend |
| Nov 30, 2023 | $0.040 | OrdinaryDividend |
| Oct 31, 2023 | $0.040 | OrdinaryDividend |
| Sep 30, 2023 | $0.038 | OrdinaryDividend |
| Aug 31, 2023 | $0.039 | OrdinaryDividend |
| Jul 31, 2023 | $0.039 | OrdinaryDividend |
| Jun 30, 2023 | $0.037 | OrdinaryDividend |
| May 31, 2023 | $0.039 | OrdinaryDividend |
| Apr 30, 2023 | $0.037 | OrdinaryDividend |
| Mar 31, 2023 | $0.038 | OrdinaryDividend |
| Feb 28, 2023 | $0.034 | OrdinaryDividend |
| Jan 31, 2023 | $0.036 | OrdinaryDividend |
| Dec 31, 2022 | $0.036 | OrdinaryDividend |
| Dec 22, 2022 | $0.007 | OrdinaryDividend |
| Nov 30, 2022 | $0.032 | OrdinaryDividend |
| Oct 31, 2022 | $0.030 | OrdinaryDividend |
| Sep 30, 2022 | $0.029 | OrdinaryDividend |
| Aug 31, 2022 | $0.029 | OrdinaryDividend |
| Jul 31, 2022 | $0.030 | OrdinaryDividend |
| Jun 30, 2022 | $0.028 | OrdinaryDividend |
| May 31, 2022 | $0.028 | OrdinaryDividend |
| Apr 29, 2022 | $0.025 | OrdinaryDividend |
| Mar 31, 2022 | $0.027 | OrdinaryDividend |
| Feb 28, 2022 | $0.023 | OrdinaryDividend |
| Jan 31, 2022 | $0.025 | OrdinaryDividend |
| Dec 31, 2021 | $0.024 | OrdinaryDividend |
| Dec 22, 2021 | $0.006 | OrdinaryDividend |
| Nov 30, 2021 | $0.023 | OrdinaryDividend |
| Oct 29, 2021 | $0.023 | OrdinaryDividend |
| Sep 30, 2021 | $0.024 | OrdinaryDividend |
| Aug 31, 2021 | $0.025 | OrdinaryDividend |
| Jul 30, 2021 | $0.025 | OrdinaryDividend |
| Jun 30, 2021 | $0.025 | OrdinaryDividend |
| May 28, 2021 | $0.024 | OrdinaryDividend |
| Apr 30, 2021 | $0.024 | OrdinaryDividend |
| Mar 31, 2021 | $0.025 | OrdinaryDividend |
| Feb 26, 2021 | $0.023 | OrdinaryDividend |
| Jan 29, 2021 | $0.025 | OrdinaryDividend |
| Dec 31, 2020 | $0.025 | OrdinaryDividend |
| Dec 23, 2020 | $0.010 | OrdinaryDividend |
| Nov 30, 2020 | $0.023 | OrdinaryDividend |
| Oct 30, 2020 | $0.025 | OrdinaryDividend |
| Sep 30, 2020 | $0.024 | OrdinaryDividend |
| Aug 31, 2020 | $0.024 | OrdinaryDividend |
| Jul 31, 2020 | $0.024 | OrdinaryDividend |
| Jun 30, 2020 | $0.024 | OrdinaryDividend |
| May 29, 2020 | $0.026 | OrdinaryDividend |
| Apr 30, 2020 | $0.025 | OrdinaryDividend |
| Mar 31, 2020 | $0.026 | OrdinaryDividend |
| Feb 28, 2020 | $0.024 | OrdinaryDividend |
| Jan 31, 2020 | $0.026 | OrdinaryDividend |
| Dec 31, 2019 | $0.025 | OrdinaryDividend |
| Dec 26, 2019 | $0.015 | Extra |
| Nov 29, 2019 | $0.026 | OrdinaryDividend |
| Oct 31, 2019 | $0.027 | OrdinaryDividend |
| Sep 30, 2019 | $0.027 | OrdinaryDividend |
| Aug 30, 2019 | $0.029 | OrdinaryDividend |
| Jul 31, 2019 | $0.032 | OrdinaryDividend |
| Jun 28, 2019 | $0.032 | OrdinaryDividend |
| Dec 27, 2018 | $0.014 | ExtraDividend |
| Dec 31, 2015 | $0.002 | CapitalGainShortTerm |
FSBHX - Fund Manager Analysis
Managers
Kevin Nielsen
Start Date
Tenure
Tenure Rank
Apr 02, 2018
4.16
4.2%
Kevin Nielsen joined Fidelity Investments in 2006. Mr. Nielsen has worked as a research analyst and portfolio manager.
Michael Weaver
Start Date
Tenure
Tenure Rank
Jul 01, 2019
2.92
2.9%
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.
Alexandre Karam
Start Date
Tenure
Tenure Rank
Jul 01, 2019
2.92
2.9%
Alexandre Karam is a portfolio manager in the High Income division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to more than 26 million individuals, institutions, and financial intermediaries.
Eric Mollenhauer
Start Date
Tenure
Tenure Rank
Jul 01, 2019
2.92
2.9%
Eric Mollenhauer is a portfolio manager at Fidelity Management & Research Company (FMRCo), the investment advisor for Fidelity’s family of mutual funds. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and other financial products and services to more than 20 million individuals, institutions and financial intermediaries.
Benjamin Harrison
Start Date
Tenure
Tenure Rank
Jan 03, 2022
0.41
0.4%
Since joining Fidelity Investments in 2009, Mr. Harrison has worked as a managing director of research and business development and portfolio manager.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.13 | 37.79 | 7.31 | 8.17 |
