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Fidelity Short-Term Bond Fund (FSHBX) in Focus

Zacks Equity Research
Updated

Fidelity Short-Term Bond Fund (FSHBX) a Zacks Rank #1 (Strong Buy) was incepted in September 1986 and managed by the Fidelity Group. The objective of FSHBX is to seek a high level of current income consistent with preservation of capital. It normally invests at least 80% of its assets in investment-grade debt securities of all types and repurchase agreements for those securities, while normally maintaining a dollar-weighted average maturity of three years or less. FSHBX is managed to have similar overall interest rate risk to the Lehman Brothers one to three year Government/Credit Bond Index. It allocates assets across different market sectors and maturities. FSHBX analyzes a security's structural features and current pricing, trading opportunities, and the credit quality of its issuer to select investments.

The Fidelity Short-Term Bond fund, managed by Fidelity, carries an expense ratio of 0.45%. Moreover, FSHBX requires a minimal initial investment of $2,500.

FSHBX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 0.97% and 5 year 1.29%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here .

FSHBX’s performance, as of the last filing, when compared to funds in its category was in the top 45% in 1 year, top 61% over the past 3 years, and in the 80% over the past 5 years.

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Zacks Investment Research