Fidelity Short Term Bond Fund (FSHBX)
Fidelity Short Term Bond Fund operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $8.33, up 0.12% on the session, giving a market capitalisation of $2.58B. Its beta of 0.24 implies it has historically moved less than the broad market.
The fund customarily allocates a minimum of 80% of its capital to investment-grade debt instruments (classified as medium to high quality) and related repurchase agreements. Its portfolio managers strive to align the fund's overall interest rate risk exposure with that of the Bloomberg Barclays U.S. 1-3 Year Government/Credit Bond Index. Typically, the fund maintains a dollar-weighted average maturity of no more than three years. The portfolio diversifies its holdings across various market sectors and maturity horizons. Investments are made in securities issued by both domestic and international entities.
Fidelity Short Term Bond Fund is most often compared with the following Financial Services names: