Fund info

Fidelity Short-Term Bond Index Fund is an open-end mutual fund that tracks a market value–weighted benchmark of investment-grade fixed-rate debt with maturities of one to five years. Its stated objective is to seek a high level of current income while preserving capital, implemented by investing at least 80% of assets in the Bloomberg U.S. 1–5 Year Government/Credit Bond Index across U.S. Treasury, government-related, and corporate bonds. The portfolio typically exhibits limited interest-rate sensitivity and high credit quality, reflecting its short duration profile and focus on investment-grade issuers. The fund emphasizes broad diversification, with sizable exposure to U.S. Treasuries alongside investment-grade corporates, and may include a modest allocation to foreign issuers within the index’s scope. It is positioned within the short-term bond category and is designed to provide core short-duration fixed income exposure with an index-based, low-cost approach. By delivering indexed access to the front end of the U.S. bond market, Fidelity Short-Term Bond Index Fund serves as a building block for liquidity management, defensive fixed income allocation, and balance to equity-oriented portfolios.