Fidelity SAI Low Duration Income Fund
FZOLX
NASDAQ- -
USD
- -
- -
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.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Boston, MA 02109 Boston MA United States of America 02109
- IPO Date
- Sep 15, 2020
- CIK
- 0000035315
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity SAI Low Duration Bond Fund (FZOLX), formerly Fidelity SAI Low Duration Income Fund, is an open-end mutual fund managed as part of Fidelity Salem Street Trust that seeks a high level of current income consistent with the preservation of capital. The fund normally invests at least 80% of its assets in investment-grade debt securities, including U.S. and non-U.S. bonds, corporate bonds, government securities, asset-backed securities, commercial mortgage-backed securities, and repurchase agreements, with a portfolio duration of one year or less; top holdings include United States Treasury Notes and Fidelity Cash Central Fund, comprising approximately 72% U.S. bonds, 19% non-U.S. bonds, and 9% cash. It operates within the ultrashort bond category, targeting institutional and retail investors seeking low interest-rate sensitivity and high credit quality, with net assets of $6.50 billion, a net expense ratio of 0.20%, and availability exclusively in the United States. Launched on September 15, 2020, the fund is domiciled in the United States with administrative headquarters at 245 Summer Street, Boston, Massachusetts. Portfolio managers include Robert Galusza and David DeBiase since inception, Julian Potenza since inception, and John Mistovich since October 30, 2024. The fund features no front-end or deferred loads, no maximum redemption fee, and a minimum initial investment of $0. A significant recent change occurred on October 30, 2024, when the fund was renamed from Fidelity SAI Low Duration Income Fund to Fidelity SAI Low Duration Bond Fund, aligning its nomenclature more precisely with its investment focus; this date also marks the start of John Mistovich as a portfolio manager. No major partnerships, acquisitions, funding rounds, or new product launches have been reported for the fund in the last 1-2 years. Recent portfolio adjustments include new positions in securities such as United States Treasury Note/Bond, NatWest Group PLC notes, HCA Inc. bonds, and Credit Agricole SA notes, reflecting ongoing active management to maintain its short-duration, income-oriented strategy.