Fidelity SAI U.S. Treasury Bond Index Fund (FUTBX)
Fidelity SAI U.S. 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 $8.66, up 0.12% on the session, giving a market capitalisation of $8.31B. Its beta of 0.88 implies it has historically moved less than the broad market.
This fund primarily allocates its capital, with a minimum of 80%, to fixed-income instruments that are part of the Bloomberg U.S. Treasury Index. Its portfolio maintains a dollar-weighted average maturity that is consistently one year or longer. To closely mirror the performance of the Bloomberg U.S. Treasury Index, the investment adviser employs sophisticated statistical sampling. This approach involves analyzing various factors including duration, maturity, interest rate sensitivity, security structure, and credit quality, allowing them to achieve similar returns with a more focused selection of underlying securities.
Fidelity SAI U.S. Treasury Bond Index Fund is most often compared with the following Financial Services names: