Fidelity Salem Street Trust - Fidelity SAI Short-Term Bond Fund

Frequently Asked Questions About FZOMX

What does FZOMX invest in?

This fund typically allocates a minimum of 80% of its capital to medium and high-quality fixed-income instruments. These include diverse forms of debt securities and related repurchase agreements. The portfolio is generally structured to maintain a dollar-weighted average maturity of no more than three years.

What is the expense ratio of FZOMX?

Fidelity Salem Street Trust - Fidelity SAI Short-Term Bond Fund (FZOMX) charges an expense ratio of 0.21%. This is the annual fee deducted from fund assets to cover management and operations.

What is FZOMX's dividend yield?

FZOMX's trailing-twelve-month yield is 4.85%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of FZOMX?

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

What is the credit quality of FZOMX?

FZOMX'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 FZOMX?

Yield to maturity (YTM) is the total return you'd earn from FZOMX if every bond in the portfolio is held to maturity at the current price. FZOMX'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.