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Fidelity Strategic Real Return Fund
mutual fund
FSRTX
Payout Change
Pending
Price as of:
$8.33
+0.04
+0.48%
primary theme
U.S. Conservative/Balanced Allocation
share class
FSRTX (Mutual Fund)
Fidelity Strategic Real Return Fund
Payout Change
Pending
Price as of:
$8.33
+0.04
+0.48%
primary theme
U.S. Conservative/Balanced Allocation
share class
FSRTX (Mutual Fund)
Fidelity Strategic Real Return Fund
Payout Change
Pending
Price as of:
$8.33
+0.04
+0.48%
primary theme
U.S. Conservative/Balanced Allocation
share class
Name
As of 12/20/2024Price
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
5.0%
1 yr return
5.2%
3 Yr Avg Return
2.4%
5 Yr Avg Return
4.9%
Net Assets
$494 M
Holdings in Top 10
56.6%
52 WEEK LOW AND HIGH
$8.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.04%
SALES FEES
Front Load 4.00%
Deferred Load N/A
TRADING FEES
Turnover 13.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/20/2024Price
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
FSRTX - Profile
Distributions
- YTD Total Return 5.0%
- 3 Yr Annualized Total Return 2.4%
- 5 Yr Annualized Total Return 4.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 6.40%
- Dividend Yield 5.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFidelity Strategic Real Return Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateSep 14, 2005
-
Shares OutstandingN/A
-
Share ClassM
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerFord O'Neil
Fund Description
Allocating the fund's assets in seeking real return (total return reduced by the expected impact of inflation) among four general investment categories: inflation-protected debt securities, floating rate loans (including lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds)), commodity-linked derivative instruments and related investments, and real estate investment trusts (REITs) and other real estate related investments. Using a neutral mix of approximately 25% inflation-protected debt securities (which attempts to track the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) Index, an index composed of inflation-protected debt securities issued by the U.S. Treasury), 25% floating rate loans, 30% commodity-linked derivative instruments and related investments, and 20% REITs and other real estate related investments. Investing in domestic and foreign issuers. Analyzing a security's structural features and current pricing, its issuer's potential for success, and the credit, currency, and economic risks of the security and its issuer to select investments. Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. Investing in Fidelity's Central funds (specialized investment vehicles used by Fidelity® funds to invest in particular security types or investment disciplines) consistent with the asset classes discussed above.
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FSRTX - Performance
Return Ranking - Trailing
| Period | FSRTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.0% | -4.7% | 16.0% | 73.76% |
| 1 Yr | 5.2% | -4.8% | 17.6% | 85.40% |
| 3 Yr | 2.4%* | -13.6% | 6.3% | 17.84% |
| 5 Yr | 4.9%* | -1.4% | 7.8% | 16.16% |
| 10 Yr | 3.1%* | -0.6% | 7.4% | 88.21% |
* Annualized
Return Ranking - Calendar
| Period | FSRTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -0.8% | -1.0% | 27.4% | 99.26% |
| 2022 | -10.0% | -35.0% | -7.4% | 1.51% |
| 2021 | 9.7% | -11.5% | 14.6% | 4.12% |
| 2020 | 1.3% | -10.3% | 40.7% | 80.87% |
| 2019 | 7.2% | -9.5% | 22.1% | 85.67% |
Total Return Ranking - Trailing
| Period | FSRTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.0% | -4.7% | 16.0% | 73.76% |
| 1 Yr | 5.2% | -4.8% | 17.6% | 85.40% |
| 3 Yr | 2.4%* | -13.6% | 6.3% | 17.84% |
| 5 Yr | 4.9%* | -1.4% | 7.8% | 16.16% |
| 10 Yr | 3.1%* | -0.6% | 7.4% | 88.21% |
* Annualized
Total Return Ranking - Calendar
| Period | FSRTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.3% | 2.6% | 28.2% | 98.51% |
| 2022 | -3.6% | -35.0% | -3.1% | 1.26% |
| 2021 | 15.5% | -11.5% | 32.0% | 2.32% |
| 2020 | 3.5% | -5.4% | 40.7% | 88.52% |
| 2019 | 10.2% | 4.5% | 27.7% | 97.75% |
NAV & Total Return History
FSRTX - Holdings
Concentration Analysis
| FSRTX | Category Low | Category High | FSRTX % Rank | |
|---|---|---|---|---|
| Net Assets | 494 M | 305 K | 50.8 B | 51.49% |
| Number of Holdings | 399 | 2 | 4065 | 25.25% |
| Net Assets in Top 10 | 286 M | 309 K | 10.3 B | 53.71% |
| Weighting of Top 10 | 56.63% | 9.7% | 111.4% | 69.55% |
Top 10 Holdings
- Fidelity Floating Rate Central Fund 24.74%
- Fidelity Commodity Strategy Central Fund 14.70%
- Fidelity Real Estate Equity Central Fund 9.20%
- Fidelity Cash Central Fund 1.46%
- USTN TII 0.5% 01/15/2028 1.38%
- USTN TII 0.125% 04/15/2027 1.11%
- USTN TII 0.375% 01/15/2027 1.08%
- USTN TII 1.125% 01/15/2033 1.02%
- EXXON MOBIL CORP 0.98%
- USTN TII 1.75% 01/15/2034 0.97%
Asset Allocation
| Weighting | Return Low | Return High | FSRTX % Rank | |
|---|---|---|---|---|
| Stocks | 63.50% | 0.00% | 100.11% | 59.90% |
| Bonds | 32.31% | 0.00% | 79.72% | 30.20% |
| Preferred Stocks | 2.46% | 0.00% | 21.95% | 2.48% |
| Cash | 1.72% | -35.68% | 23.34% | 45.30% |
| Convertible Bonds | 0.15% | 0.00% | 71.77% | 93.25% |
| Other | 0.00% | -0.20% | 61.47% | 71.78% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FSRTX % Rank | |
|---|---|---|---|---|
| Real Estate | 43.16% | 0.00% | 43.16% | 0.76% |
| Basic Materials | 32.82% | 0.00% | 32.82% | 0.76% |
| Energy | 18.86% | 0.00% | 62.93% | 2.52% |
| Consumer Defense | 4.17% | 0.00% | 18.62% | 93.20% |
| Technology | 0.54% | 0.22% | 27.92% | 98.24% |
| Consumer Cyclical | 0.30% | 0.00% | 14.20% | 98.24% |
| Industrials | 0.14% | 0.14% | 17.90% | 98.99% |
| Utilities | 0.00% | 0.00% | 48.33% | 97.98% |
| Healthcare | 0.00% | 0.00% | 24.25% | 98.99% |
| Financial Services | 0.00% | 0.00% | 83.50% | 98.99% |
| Communication Services | 0.00% | 0.00% | 11.11% | 98.99% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FSRTX % Rank | |
|---|---|---|---|---|
| US | 54.63% | 0.00% | 100.11% | 59.90% |
| Non US | 8.88% | 0.00% | 23.24% | 7.43% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FSRTX % Rank | |
|---|---|---|---|---|
| Corporate | 48.28% | 0.00% | 96.66% | 23.50% |
| Government | 35.40% | 0.00% | 63.33% | 34.50% |
| Securitized | 6.04% | 0.00% | 52.08% | 83.25% |
| Cash & Equivalents | 1.65% | 0.00% | 23.34% | 42.33% |
| Derivative | 0.00% | -0.22% | 60.97% | 63.61% |
| Municipal | 0.00% | 0.00% | 99.85% | 93.25% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FSRTX % Rank | |
|---|---|---|---|---|
| US | 32.31% | 0.00% | 79.72% | 28.47% |
| Non US | 0.00% | 0.00% | 7.66% | 75.25% |
FSRTX - Expenses
Operational Fees
| FSRTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.04% | 0.06% | 21.26% | 39.36% |
| Management Fee | 0.73% | 0.00% | 1.25% | 95.78% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 42.04% |
| Administrative Fee | N/A | 0.01% | 0.70% | N/A |
Sales Fees
| FSRTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 4.00% | 1.00% | 5.75% | 79.10% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| FSRTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | 97.40% |
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.
| FSRTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 13.00% | 2.00% | 380.00% | 11.92% |
FSRTX - Distributions
Dividend Yield Analysis
| FSRTX | Category Low | Category High | FSRTX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.05% | 0.00% | 7.99% | 9.90% |
Dividend Distribution Analysis
| FSRTX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| FSRTX | Category Low | Category High | FSRTX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 6.40% | -1.22% | 6.83% | 1.26% |
Capital Gain Distribution Analysis
| FSRTX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Semi-Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 18, 2024 | $0.127 | OrdinaryDividend |
| Oct 04, 2024 | $0.105 | OrdinaryDividend |
| Jul 05, 2024 | $0.097 | OrdinaryDividend |
| Apr 05, 2024 | $0.053 | OrdinaryDividend |
| Dec 20, 2023 | $0.121 | OrdinaryDividend |
| Oct 06, 2023 | $0.144 | OrdinaryDividend |
| Jul 07, 2023 | $0.099 | OrdinaryDividend |
| Apr 05, 2023 | $0.055 | OrdinaryDividend |
| Dec 21, 2022 | $0.089 | OrdinaryDividend |
| Oct 07, 2022 | $0.406 | OrdinaryDividend |
| Jul 01, 2022 | $0.073 | OrdinaryDividend |
| Apr 01, 2022 | $0.024 | OrdinaryDividend |
| Dec 22, 2021 | $0.066 | OrdinaryDividend |
| Oct 01, 2021 | $0.368 | OrdinaryDividend |
| Jul 02, 2021 | $0.039 | OrdinaryDividend |
| Apr 05, 2021 | $0.005 | OrdinaryDividend |
| Dec 23, 2020 | $0.072 | OrdinaryDividend |
| Oct 02, 2020 | $0.051 | OrdinaryDividend |
| Jul 10, 2020 | $0.033 | OrdinaryDividend |
| Apr 03, 2020 | $0.015 | OrdinaryDividend |
| Dec 27, 2019 | $0.007 | Extra |
| Dec 06, 2019 | $0.084 | OrdinaryDividend |
| Oct 04, 2019 | $0.073 | OrdinaryDividend |
| Jul 05, 2019 | $0.071 | OrdinaryDividend |
| Dec 07, 2018 | $0.083 | OrdinaryDividend |
| Dec 07, 2018 | $0.425 | CapitalGainShortTerm |
| Jul 06, 2018 | $0.061 | OrdinaryDividend |
| Apr 06, 2018 | $0.004 | OrdinaryDividend |
| Dec 08, 2017 | $0.086 | OrdinaryDividend |
| Dec 08, 2017 | $0.011 | CapitalGainShortTerm |
| Oct 06, 2017 | $0.030 | OrdinaryDividend |
| Jul 07, 2017 | $0.044 | OrdinaryDividend |
| Apr 07, 2017 | $0.035 | OrdinaryDividend |
| Dec 27, 2016 | $0.014 | OrdinaryDividend |
| Dec 09, 2016 | $0.042 | OrdinaryDividend |
| Dec 09, 2016 | $0.017 | CapitalGainShortTerm |
| Oct 07, 2016 | $0.051 | OrdinaryDividend |
| Jul 08, 2016 | $0.042 | OrdinaryDividend |
| Apr 08, 2016 | $0.014 | OrdinaryDividend |
| Oct 12, 2015 | $0.064 | OrdinaryDividend |
| Jul 02, 2015 | $0.027 | OrdinaryDividend |
| Dec 12, 2014 | $0.047 | OrdinaryDividend |
| Oct 03, 2014 | $0.049 | OrdinaryDividend |
| Jul 03, 2014 | $0.063 | OrdinaryDividend |
| Apr 04, 2014 | $0.010 | OrdinaryDividend |
| Dec 13, 2013 | $0.048 | OrdinaryDividend |
| Dec 13, 2013 | $0.068 | CapitalGainShortTerm |
| Oct 04, 2013 | $0.048 | OrdinaryDividend |
| Jul 05, 2013 | $0.062 | OrdinaryDividend |
| Apr 05, 2013 | $0.017 | OrdinaryDividend |
| Dec 14, 2012 | $0.069 | OrdinaryDividend |
| Dec 14, 2012 | $0.030 | CapitalGainShortTerm |
| Oct 05, 2012 | $0.029 | OrdinaryDividend |
| Jul 06, 2012 | $0.067 | OrdinaryDividend |
| Apr 04, 2012 | $0.090 | OrdinaryDividend |
| Dec 16, 2011 | $0.226 | CapitalGainShortTerm |
| Dec 16, 2011 | $0.099 | OrdinaryDividend |
| Oct 07, 2011 | $0.055 | OrdinaryDividend |
| Jul 08, 2011 | $0.088 | OrdinaryDividend |
| Apr 06, 2011 | $0.036 | OrdinaryDividend |
| Dec 17, 2010 | $0.061 | OrdinaryDividend |
| Oct 01, 2010 | $0.026 | OrdinaryDividend |
| Dec 18, 2009 | $0.049 | OrdinaryDividend |
| Dec 18, 2009 | $0.110 | CapitalGainShortTerm |
| Oct 02, 2009 | $0.062 | OrdinaryDividend |
| Jul 10, 2009 | $0.040 | OrdinaryDividend |
| Dec 19, 2008 | $0.021 | OrdinaryDividend |
| Dec 19, 2008 | $0.480 | CapitalGainLongTerm |
| Oct 03, 2008 | $0.142 | OrdinaryDividend |
| Jul 11, 2008 | $0.105 | OrdinaryDividend |
| Apr 04, 2008 | $0.099 | OrdinaryDividend |
| Dec 21, 2007 | $0.089 | OrdinaryDividend |
| Dec 21, 2007 | $0.060 | CapitalGainShortTerm |
| Dec 21, 2007 | $0.010 | CapitalGainLongTerm |
| Oct 05, 2007 | $0.124 | OrdinaryDividend |
| Jul 06, 2007 | $0.146 | OrdinaryDividend |
| Apr 04, 2007 | $0.079 | OrdinaryDividend |
| Dec 22, 2006 | $0.068 | OrdinaryDividend |
| Oct 06, 2006 | $0.105 | OrdinaryDividend |
| Jul 07, 2006 | $0.102 | OrdinaryDividend |
| Apr 21, 2006 | $0.036 | OrdinaryDividend |
FSRTX - Fund Manager Analysis
Managers
Ford O'Neil
Start Date
Tenure
Tenure Rank
Jun 15, 2012
9.96
10.0%
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.
Adam Kramer
Start Date
Tenure
Tenure Rank
Jul 31, 2017
4.84
4.8%
Adam Kramer is a portfolio manager in the Fixed 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 institutions, financial intermediaries, and individuals. In this role, he manages several multi-asset income funds, opportunistic high-yield bond strategies for institutional investors as well as a high income fund available exclusively to Canadian investors.
Bill Maclay
Start Date
Tenure
Tenure Rank
Mar 31, 2019
3.17
3.2%
Since joining Fidelity Investments in 2001, Mr. Maclay has worked as a research analyst and portfolio manager.
Brandon Bettencourt
Start Date
Tenure
Tenure Rank
Nov 30, 2019
2.5
2.5%
Since joining Fidelity Investments in 2008, Brandon Bettencourt has worked as a research associate, portfolio analyst, and portfolio manager.
Richard Munclinger
Start Date
Tenure
Tenure Rank
Oct 01, 2020
1.66
1.7%
Richard Munclinger is a portfolio manager in the Fixed 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 institutions, financial intermediaries, and individuals. In this role, Mr. Munclinger is responsible for managing all of Fidelity's fixed income index funds, as well as the inflation-protected debt sub-portfolio of Fidelity and Fidelity Advisor Strategic Real Return Funds. Prior to assuming his current position, Mr. Munclinger was a quantitative analyst working with the Core/Core Plus/Tactical Bond investment team on asset allocation and risk management. Prior to joining Fidelity in August 2016, Mr. Munclinger worked as a senior quantitative an analyst at State Street Global Advisors (SSgA). Previously, he was a model validation manager at Freddie Mac and an economist at International Monetary Fund. He has been in the financial industry since 2014. Mr. Munclinger earned his bachelor of science degree in finance from the University of Cape Town. Additionally, he earned his master of science degree, as well as his PhD, in finance from George Washington University. He is also a CFA® charterholder.
Jody Simes
Start Date
Tenure
Tenure Rank
Feb 25, 2022
0.26
0.3%
Jody Simes is a global sector leader/analyst at Fidelity Institutional Asset Management (FIAM). In this role, he manages both the global energy (since 2011) and global materials (since 2006) sector sleeves of the FIAM sector portfolios and analyzes stocks for the broader diversified portfolio management team. He has been in the investments industry since joining Fidelity in 1993. Mr. Simes earned his bachelor of science degree in finance from the University of Massachusetts and his master of science degree in finance from Boston College. He is a CFA charterholder.
Peter Belisle
Start Date
Tenure
Tenure Rank
Apr 13, 2022
0.13
0.1%
Peter Belisle is co-manager of Natural Gas Portfolio, which he has managed since January 2020. Since joining Fidelity Investments in 2016, Mr. Belisle has worked as a research analyst and portfolio manager.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 28.73 | 6.38 | 2.41 |
