Fidelity Limited Term Bond Fund

Frequently Asked Questions About FJRLX

What does FJRLX invest in?

This fund typically dedicates a minimum of 80% of its holdings to high-quality, investment-grade debt instruments (including repurchase agreements associated with such securities). The portfolio manager strives to align the fund's overall sensitivity to interest rate changes with that of the Fidelity Limited Term Composite Index. Furthermore, the portfolio is structured to uphold a dollar-weighted average maturity within a two-to-five-year timeframe. Investments are strategically diversified across various market segments and different bond maturity periods. The fund acquires securities from both U.S. and international issuing bodies.

What is the expense ratio of FJRLX?

Fidelity Limited Term Bond Fund (FJRLX) charges an expense ratio of 0.30%. This is the annual fee deducted from fund assets to cover management and operations.

What is FJRLX's dividend yield?

FJRLX's trailing-twelve-month yield is 4.59%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of FJRLX?

Effective duration measures FJRLX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FJRLX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of FJRLX?

FJRLX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of FJRLX?

Yield to maturity (YTM) is the total return you'd earn from FJRLX if every bond in the portfolio is held to maturity at the current price. FJRLX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.