Morningstar

Fidelity Short-Term Bond Fund ETF FSTB

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub

Morningstar’s Analysis FSTB

Will FSTB outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FSTB’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FSTB management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FSTB’s parent organization’s priorities and whether they’re in line with investors’ interests.

A dim but steady light in volatile markets.

Analyst Saraja Samant

Saraja Samant

Analyst

Summary

Fidelity Advisor Short Term Bond is a trusted option for downside protection, but its cautious approach has hindered the fund’s competitiveness over the long run, leading to a Process Pillar rating downgrade to Average from Above Average.

by Saraja Samant
Rated on Published on

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Portfolio Holdings FSTB

More FSTB Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 43.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 3.875%

11.51 342M
Government

United States Treasury Notes 4.25%

9.93 296M
Government

United States Treasury Notes 3.5%

6.15 183M
Government

United States Treasury Notes 3.5%

5.18 154M
Government

United States Treasury Notes 3.375%

4.69 140M
Government

United States Treasury Notes 4.625%

4.38 130M
Government

Net Other Assets

0.69 21M
—

Fidelity Cash Central Fund

0.67 20M
Cash and Equivalents

Bank of America Corp. 4.271%

0.43 13M
Corporate

HSBC Holdings PLC 4.711%

0.36 11M
Corporate

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