Fidelity Short-Term Treasury Bond Index Fund (FUMBX)
Fidelity Short-Term Treasury Bond Index Fund operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $10.09, up 0.10% on the session, giving a market capitalisation of $3.53B. Its beta of 0.36 implies it has historically moved less than the broad market.
This fund typically allocates a minimum of 80% of its assets to the constituent securities of the Bloomberg Barclays U.S. 1-5 Year Treasury Bond Index. It aims to sustain a dollar-weighted average maturity of three years or less, mirroring the benchmark's characteristics. To emulate the index's performance, the advisor employs sophisticated statistical sampling methodologies, evaluating factors such as duration, maturity, interest rate sensitivity, security structure, and credit quality, while utilizing a streamlined selection of holdings rather than holding every security in the index.
Fidelity Short-Term Treasury Bond Index Fund is most often compared with the following Financial Services names: