Fidelity Short Term Bond Fund
FSHBX
NASDAQ- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Fidelity Short-Term Bond Fund (FSHBX) is an open-end mutual fund managed by Fidelity Investments that seeks a high level of current income with capital preservation by investing primarily in investment-grade debt securities, including U.S. Treasuries, agency securities, investment-grade corporate bonds, securitized debt, and repurchase agreements for such securities; it maintains a dollar-weighted average maturity of three years or less and targets interest rate risk similar to the Bloomberg U.S. 1-3 Year Government/Credit Bond Index. The fund allocates assets across domestic and foreign issuers in various market sectors and maturities, with top holdings typically featuring U.S. Treasury notes (such as 0.04125%, 0.04625%, 0.04%, and 0.03875% issues representing over 30% of the portfolio), Fidelity Cash Central Fund, and high-quality bonds comprising roughly 78% U.S. bonds, 18% non-U.S. bonds, and 4% cash as of recent reports. It serves investors seeking short-term bond exposure in the Morningstar Short-Term Bond category, with net assets approximating $2.5 billion, a net expense ratio of 0.30%, and a 30-day yield around 3.81%. Inception dates include fund inception on September 15, 1986, with the portfolio managed from Fidelity's Boston, Massachusetts headquarters. The fund is team-managed, with key portfolio managers Robert Galusza (since July 2007), Julian Potenza (since October 2017), David DeBiase (since September 2019), and John Mistovich (since October 2024) overseeing diversification across credit qualities emphasizing high investment-grade holdings. Recent developments feature strategic portfolio adjustments in Q3 2025, including refinements to yield (3.81% 30-day yield), duration (1.82 years weighted average), and sector exposure to navigate post-rate-hiking dynamics and uncertain Federal Reserve policy expectations, enhancing resilience amid volatility while prioritizing income and limited interest-rate sensitivity. No major acquisitions, funding rounds, partnerships, or reorganizations are reported in the last 1-2 years, though the addition of John Mistovich as co-manager in October 2024 strengthens the management team. The fund continues active sector rotation and maturity management to mitigate reinvestment and rate risks.