Strategic Advisers Tax-Sensitive Short Duration Fund NMFQS:FGNSX

Muni National Short | Fidelity Investments

$9.95

↓ $-0.08 (-0.80%)

Last Updated: Oct 18, 2026

Fund Information

Fund Category Muni National Short

Fund Family Fidelity Investments

Fund Style Muni National Short

ISIN US31635R3710

CUSIP 31635R371

Inception Date 2017-12-28

Domicile United States

Country USA

Fiscal Year End May

NAV Chart

Fund Metrics

Net Assets $3.18 Billion

Share Class Net Assets $3.18 Billion

Expense Ratio 0.10%

Expense Ratio Date 2026-07-30

Dividend Yield 0.00%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 1.19%

1-Year Return 1.82%

3-Year Return 3.38%

5-Year Return 2.38%

NAV $9.95

Previous Close Price $10.03

Last Update 2026-09-30

Dividend Information

Dividend Yield 0.00%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Strategic Advisers Tax-Sensitive Short Duration Fund

The fund normally invests primarily in U.S. dollar-denominated municipal money market securities and high quality investment-grade municipal debt securities whose interest is exempt from federal income tax (the "municipal strategy"). It maintains a dollar-weighted average maturity of three years or less. The fund allocates assets among affiliated fixed-income funds and non-affiliated fixed-income funds that typically participate in Fidelity's FundsNetwork ®, non-affiliated ETFs (collectively, underlying funds), and sub-advisers.

Detailed Metrics

Market Cap Distribution

AverageMarketCap %

Giant %

Large %

Medium %

Micro %

Small %

Value & Growth Metrics

Book-Value Growth % %

Cash-Flow Growth % %

Dividend Yield % %

Historical Earnings % %

Long-Term Earnings % %

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	89.18%	89.19%	0.01%	94.30%	0.00%
Cash	10.82%	10.83%	0.01%	7.85%	0.00%
Non US Stock	0.00%	0.00%	0.00%	0.00%	0.00%
Not Classified	0.00%	0.00%	0.00%	0.00%	0.00%
Other	0.00%	0.00%	0.00%	0.12%	0.00%
US Stock	0.00%	0.00%	0.00%	0.00%	0.00%

Top Holdings

Name	Weight	Owned	Change
Vanguard Ultra Short-Term Tx-Ex Adm	6.88%	-	-
JPMorgan Ultra-Short Municipal Inc ETF	2.36%	-	-
FIMM MM Government Portfolio - Instl Cl	1.73%	-	-
Federated Hermes Municipal Ultrashort IS	2.19%	-	-
Fidelity Sai Municipal Money Market Fund	1.51%	-	-
PHX IDA SW 4.25% 12/01/2035 MT@	1.01%	-	-
PORT ARTHUR NAV DIST TX ENVIR VAR-REF-MOTIVA ENTERPRISES PJ *AMT*	1.37%	-	-
WHITING IN ENV 5% MT@	0.71%	-	-
ST JAMES PARISH LA REV VAR-NUCSTEEL LA-SER B-1	0.65%	-	-
NYS HFA 42ND and 10TH BC22-007 L=BC/BC DR42@	0.75%	-	-
Fidelity Municipal Cash Central Fund	1.10%	-	-
PHX IDA SW 3.85% 12/1/2035 @	1.22%	-	-
FL INSURANCE 2023 A2 Q=FL V7	0.67%	-	-

See the full breakdown of FGNSX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	0.00%	5.84%	10.77%	0.00%
Bond Sector	Corporate	0.00%	0.35%	0.00%	0.00%
Bond Sector	Derivative	0.00%	0.01%	0.00%	0.00%
Bond Sector	Government	0.00%	3.70%	0.05%	0.00%
Bond Sector	Municipal	0.00%	90.04%	89.18%	0.00%
Bond Sector	Securitized	0.00%	0.07%	0.00%	0.00%
Cyclical	Basic Materials	0.00%	0.00%	0.00%	0.00%
Cyclical	Consumer Cyclical	0.00%	0.00%	0.00%	0.00%
Cyclical	Financial Services	0.00%	0.00%	0.00%	0.00%
Cyclical	Real Estate	0.00%	0.00%	0.00%	0.00%
Defensive	Consumer Defensive	0.00%	0.00%	0.00%	0.00%
Defensive	Healthcare	0.00%	0.00%	0.00%	0.00%
Defensive	Utilities	0.00%	0.00%	0.00%	0.00%
Sensitive	Communication Services	0.00%	100.00%	0.00%	0.00%
Sensitive	Energy	0.00%	0.00%	0.00%	0.00%
Sensitive	Industrials	0.00%	0.00%	0.00%	0.00%
Sensitive	Technology	0.00%	0.00%	0.00%	0.00%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	-	-	-
Americas	North America	50.00%	-	-
Greater Asia	Asia Developed	-	-	-
Greater Asia	Asia Emerging	-	-	-
Greater Asia	Australasia	-	-	-
Greater Asia	Japan	-	-	-
Greater Europe	Africa/Middle East	-	-	-
Greater Europe	Europe Developed	50.00%	-	-
Greater Europe	Europe Emerging	-	-	-
Greater Europe	United Kingdom	-	-	-

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-31	$0.028	$0.000	None	-	-	-	-
2024-11-29	$0.027	$0.027	USD	-	-	-	-
2024-10-31	$0.029	$0.029	USD	-	2024-10-31	2024-11-01	Monthly
2024-09-30	$0.027	$0.027	USD	-	2024-09-30	2024-10-01	Monthly
2024-08-31	$0.028	$0.028	USD	-	2024-08-31	2024-09-03	Monthly
2024-08-30	$0.028	$0.000	None	-	-	-	-
2024-07-31	$0.028	$0.028	USD	-	2024-07-31	2024-08-01	Monthly
2024-06-28	$0.027	$0.027	USD	-	2024-06-28	2024-07-01	Monthly
2024-05-31	$0.028	$0.028	USD	-	2024-05-31	2024-06-03	Monthly
2024-04-30	$0.028	$0.028	USD	-	2024-04-30	2024-05-01	Monthly
2024-03-31	$0.028	$0.028	USD	-	2024-03-31	2024-04-01	Monthly
2024-03-28	$0.028	$0.000	None	-	-	-	-
2024-02-29	$0.026	$0.026	USD	-	2024-02-29	2024-03-01	Monthly
2024-01-31	$0.026	$0.026	USD	-	2024-01-31	2024-02-01	Monthly
2023-12-29	$0.030	$0.000	None	-	-	-	-
2023-12-28	$0.030	$0.030	USD	-	2023-12-28	2024-01-01	Monthly
2023-11-30	$0.026	$0.026	USD	-	2023-11-30	2023-12-01	Monthly
2023-10-31	$0.027	$0.027	USD	-	2023-10-31	2023-11-01	Monthly
2023-09-29	$0.026	$0.026	USD	-	2023-09-29	2023-10-02	Monthly
2023-08-31	$0.026	$0.026	USD	-	2023-08-31	2023-09-01	Monthly
2023-07-31	$0.024	$0.024	USD	-	2023-07-31	2023-08-01	Monthly
2023-06-30	$0.023	$0.023	USD	-	2023-06-30	2023-07-03	Monthly
2023-05-31	$0.022	$0.022	USD	-	2023-05-31	2023-06-01	Monthly
2023-04-30	$0.021	$0.021	USD	2023-04-30	2023-04-30	2023-05-01	Monthly
2023-04-28	$0.021	$0.000	None	-	-	-	-
2023-03-31	$0.021	$0.021	USD	2023-03-31	2023-03-31	2023-04-03	Monthly
2023-02-28	$0.019	$0.019	USD	2023-02-28	2023-02-28	2023-03-01	Monthly
2023-01-31	$0.019	$0.019	USD	2023-01-31	2023-01-31	2023-02-01	Monthly
2022-12-31	$0.019	$0.019	USD	2022-12-29	2022-12-31	2023-01-03	Monthly
2022-12-30	$0.019	$0.000	None	-	-	-	-
2022-11-30	$0.016	$0.016	USD	-	2022-11-30	2022-12-01	Monthly
2022-10-31	$0.015	$0.015	USD	-	2022-10-31	2022-11-01	Monthly
2022-09-30	$0.012	$0.012	USD	-	2022-09-30	2022-10-03	Monthly
2022-08-31	$0.012	$0.012	USD	-	2022-08-31	2022-09-01	Monthly
2022-07-29	$0.008	$0.008	USD	-	2022-07-29	2022-08-01	Monthly
2022-06-30	$0.007	$0.007	USD	-	2022-06-30	2022-07-01	Monthly
2022-05-31	$0.006	$0.006	USD	-	2022-05-31	2022-06-01	Monthly
2022-04-29	$0.005	$0.005	USD	-	2022-04-29	2022-05-02	Monthly
2022-03-31	$0.004	$0.004	USD	-	2022-03-31	2022-04-01	Monthly
2022-02-28	$0.003	$0.003	USD	-	2022-02-28	2022-03-01	Monthly
2022-01-31	$0.003	$0.003	USD	-	2022-01-31	2022-02-01	Monthly
2021-12-31	$0.003	$0.003	USD	-	2021-12-31	2022-01-03	Monthly
2021-11-30	$0.003	$0.003	USD	-	2021-11-30	2021-12-01	Monthly
2021-10-29	$0.003	$0.003	USD	-	2021-10-29	2021-11-01	Monthly
2021-09-30	$0.003	$0.003	USD	-	2021-09-30	2021-10-01	Monthly
2021-08-31	$0.003	$0.003	USD	-	2021-08-31	2021-09-01	Monthly
2021-07-30	$0.003	$0.003	USD	-	2021-07-30	2021-08-02	Monthly
2021-06-30	$0.004	$0.004	USD	-	2021-06-30	2021-07-01	Monthly
2021-05-28	$0.004	$0.004	USD	-	2021-05-28	2021-06-01	Monthly
2021-04-30	$0.004	$0.004	USD	-	2021-04-30	2021-05-03	Monthly
2021-03-31	$0.004	$0.004	USD	-	2021-03-31	2021-04-01	Monthly
2021-02-26	$0.004	$0.004	USD	-	2021-02-26	2021-03-01	Monthly
2021-01-29	$0.005	$0.005	USD	-	2021-01-29	2021-02-01	Monthly
2020-12-31	$0.005	$0.005	USD	-	2020-12-31	2021-01-04	Monthly
2020-12-04	$0.000	$0.000	None	-	-	-	-
2020-11-30	$0.005	$0.005	USD	-	2020-11-30	2020-12-01	Monthly
2020-10-30	$0.007	$0.007	USD	-	2020-10-30	2020-11-02	Monthly
2020-09-30	$0.007	$0.007	USD	-	2020-09-30	2020-10-01	Monthly
2020-08-31	$0.008	$0.008	USD	-	2020-08-31	2020-09-01	Monthly
2020-07-31	$0.008	$0.008	USD	-	2020-07-31	2020-08-03	Monthly
2020-06-30	$0.009	$0.009	USD	-	2020-06-30	2020-07-01	Monthly
2020-05-29	$0.010	$0.010	USD	-	2020-05-29	2020-06-01	Monthly
2020-04-30	$0.011	$0.011	USD	-	2020-04-30	2020-05-01	Monthly
2020-03-31	$0.015	$0.015	USD	-	2020-03-31	2020-04-01	Monthly
2020-02-28	$0.012	$0.012	USD	-	2020-02-28	2020-03-02	Monthly
2020-01-31	$0.012	$0.012	USD	-	2020-01-31	2020-02-03	Monthly
2019-12-31	$0.013	$0.013	USD	-	2019-12-31	2020-01-02	Monthly
2019-12-02	$0.000	$0.000	None	-	-	-	-
2019-11-29	$0.013	$0.013	USD	-	2019-11-29	2019-12-02	Monthly
2019-10-31	$0.014	$0.014	USD	-	2019-10-31	2019-11-01	Monthly
2019-09-30	$0.014	$0.014	USD	-	2019-09-30	2019-10-01	Monthly
2019-08-30	$0.015	$0.015	USD	2019-09-03	2019-08-30	2019-09-03	Monthly
2019-07-31	$0.015	$0.015	USD	-	2019-07-31	2019-08-01	Monthly
2019-06-28	$0.015	$0.015	USD	-	2019-06-28	2019-07-01	Monthly
2019-05-31	$0.016	$0.016	USD	2019-06-03	2019-05-31	2019-06-03	Monthly
2019-04-30	$0.016	$0.016	USD	2019-05-01	2019-04-30	2019-05-01	Monthly
2019-03-29	$0.016	$0.016	USD	2019-04-01	2019-03-29	2019-04-01	Monthly
2019-02-28	$0.014	$0.014	USD	2019-03-01	2019-02-28	2019-03-01	Monthly
2019-01-31	$0.015	$0.015	USD	2019-02-01	2019-01-31	2019-02-01	Monthly
2018-12-31	$0.016	$0.016	USD	2019-01-02	2018-12-31	2019-01-02	Monthly
2018-11-30	$0.014	$0.014	USD	2018-12-03	2018-11-30	2018-12-03	Monthly
2018-10-31	$0.015	$0.015	USD	2018-11-02	2018-10-31	2018-11-01	Monthly
2018-09-28	$0.014	$0.014	USD	-	-	-	-
2018-08-31	$0.014	$0.014	USD	2018-09-01	2018-08-31	2018-09-04	Monthly
2018-07-31	$0.013	$0.013	USD	2018-08-02	2018-07-31	2018-08-01	Monthly
2018-07-06	$0.000	$0.000	None	-	-	-	-
2018-06-30	$0.012	$0.012	USD	2018-07-06	2018-06-30	2018-07-02	Monthly
2018-06-29	$0.012	$0.000	None	-	-	-	-
2018-05-31	$0.012	$0.012	USD	-	-	-	-
2018-04-30	$0.013	$0.013	USD	-	-	-	-

View the full dividend history for FGNSX.