Fidelity Salem Street Trust - Fidelity SAI Short-Term Bond Fund
FZOMX
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Capital Structure
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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
- 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 Salem Street Trust - Fidelity SAI Short-Term Bond Fund (FZOMX) is an open-ended mutual fund that seeks a high level of current income by investing primarily in investment-grade debt securities with short-term maturities, including U.S. Treasury notes, corporate bonds, asset-backed securities, and commercial mortgage-backed securities; it maintains a portfolio with limited interest-rate sensitivity and high credit quality, featuring top holdings such as United States Treasury Notes 3.875%, 4.125%, and 4%; allocation across U.S. bonds (81.03%), non-U.S. bonds (17.70%), and cash equivalents (1.27%); and sector exposures in government (40.66%), corporate bonds (38.37%), and asset-backed securities (17.10%). The fund, domiciled in the United States and available for sale primarily to U.S. investors with a net expense ratio of 0.21% and no minimum initial investment, targets individual and institutional investors seeking short-term bond exposure in the Morningstar Short-Term Bond category. Fidelity Salem Street Trust, headquartered at 245 Summer Street, Boston, Massachusetts, oversees this fund as part of its series of investment vehicles managed under Fidelity Management & Research Company LLC. Launched on September 15, 2020, the fund is managed by a team including Robert Galusza, David DeBiase, and Julian Potenza since inception, with John Mistovich joining on October 30, 2024. In recent developments, the fund has grown its total net assets to approximately $3.77 billion, reflecting strong inflows amid Fidelity's broader fixed-income expansion, including new ETF launches such as the Fidelity Municipal Bond Opportunities ETF in 2025; additionally, Fidelity announced enhancements to its alternative investments and digital assets offerings, indirectly supporting bond fund accessibility through expanded platforms. No major acquisitions, mergers, or strategic partnerships specific to FZOMX were reported in the last 1-2 years, though Fidelity continues semi-annual portfolio rebalancing as evidenced in its shareholder reports covering September 2024 to February 2025.