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Fidelity SAI Inflation-Protected Bd Idx (FSPWX)

10.30
+0.07
+(0.68%)
As of 8:08:49 AM EDT. Market Open.

Fund Summary

The adviser normally invests at least 80% of the fund's assets in inflation-protected debt securities included in the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) Index. The index is composed of inflation-protected debt securities issued by the U.S. Treasury.

Fidelity SAI Inflation-Protected Bd Idx

Boston, MA 02109
82 Devonshire Street

Fund Overview

Category Inflation-Protected Bond
Fund Family Fidelity Investments
Net Assets 10.8B
YTD Return 4.17%
Yield --
Morningstar Rating --
Inception Date Aug 16, 2024

Fund Operations

Last Dividend 0.07
Last Cap Gain --
Holdings Turnover --
Average for Category --

Fees & Expenses

Expense FSPWX Category Average
Annual Report Expense Ratio (net) 0.05% 0.63%
Prospectus Net Expense Ratio 0.05% --
Prospectus Gross Expense Ratio 0.06% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.45%
Max Deferred Sales Load -- 1.15%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Mark Lande is a portfolio manager in the Fixed Income division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals. In this role, Mr. Lande is responsible for managing all of Fidelity’s fixed income index funds. Prior to assuming his current portfolio management responsibilities, Mr. Lande was a quantitative analyst working with the Securitized Product team and provided research and analysis of the agency mortgage market and developing models for borrower prepayment behavior. His additional responsibilities included developing and managing desk tools and processes used by portfolio managers and traders, providing oversight of the development of production data and analytics for securitized bonds, and providing support to research analysts in the non-agency RMBS, CMBS, and ABS markets. He also served as an agency MBS trader on the Securitized Products desk and a quantitative analyst on the Passive Strategy team. Before joining Fidelity in 2011, Mr. Lande spent 10 years working for a signals intelligence and digital communications research group at BAE Systems. He has been in the financial industry since 2011. Mr. Lande earned his Bachelor of Science in computer systems engineering from Boston University and his Master of Science in electrical engineering and signal processing from Worcester Polytechnic Institute. He is also a graduate of the BAE Systems three-year engineering leadership development program and a CFA® charterholder.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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