Fidelity Sustainability Bond Index Fund
FNDSX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Jun 19, 2018
- CIK
- 0000035315
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Sustainability Bond Index Fund (FNDSX) is an open-end mutual fund that seeks a high level of current income by investing at least 80% of its assets in bonds included in the Bloomberg MSCI U.S. Aggregate ESG Choice Bond Index; the index comprises U.S. dollar-denominated, investment-grade, fixed-rate debt issues, including government securities, corporate bonds, asset-backed securities, and mortgage-backed securities that meet specific environmental, social, and governance (ESG) criteria while adhering to the rules of the Bloomberg U.S. Aggregate Bond Index. The fund maintains a portfolio focused on high credit quality bonds with moderate interest-rate sensitivity, categorized in the Morningstar Intermediate Core Bond segment, with allocations primarily to U.S. bonds (approximately 91.5%), non-U.S. bonds (7.8%), and minimal cash; top holdings include U.S. Treasury Notes such as 3.75% and 4% issues. It targets investors seeking sustainable fixed-income exposure with investment-grade characteristics and serves individual and institutional clients through Fidelity Investments. Launched on June 19, 2018, the fund is headquartered in Boston, Massachusetts, as part of Fidelity's broader sustainable investing lineup, which emphasizes ESG-integrated strategies across various asset classes. Portfolio management is led by Brandon Bettencourt, who has managed the fund since inception, and co-manager Mark Lande, who joined on October 30, 2024, reflecting a recent addition to the management team to support ongoing index-tracking operations. The fund's total net assets stand at approximately $587 million, with around 2,900 holdings and a portfolio turnover rate indicative of its passive indexing approach. Recent developments include the appointment of Mark Lande as co-portfolio manager in late 2024, enhancing management depth amid Fidelity's ongoing evaluation and consolidation of its fund lineup, which involved mergers of several select/sector equity funds in 2025 but did not directly impact FNDSX. The fund continues to track its ESG-focused benchmark without reported changes to its index, strategy, or structure, maintaining steady monthly dividend distributions and alignment with intermediate core bond performance metrics. No significant acquisitions, partnerships, funding rounds, or product launches specific to FNDSX have been announced in the last 1-2 years, underscoring its stable passive operation within Fidelity's ecosystem.