Strategic Advisers Core Income (FPCIX)
| Fund Assets | 44.13B |
| Expense Ratio | 0.33% |
| Min. Investment | $0.00 |
| Turnover | 181.00% |
| Dividend (ttm) | 0.41 |
| Dividend Yield | 4.46% |
| Dividend Growth | 7.01% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.21 |
| YTD Return | 3.38% |
| 1-Year Return | 1.49% |
| 5-Year Return | -4.01% |
| 52-Week Low | 8.86 |
| 52-Week High | 9.45 |
| Beta (5Y) | 0.26 |
| Holdings | 9657 |
| Inception Date | Sep 27, 2007 |
About FPCIX
Strategic Advisers Core Income Fund is an open-end mutual fund focused on providing a high level of current income through a diversified approach to fixed income investments. Managed by Fidelity Investments, the fund primarily invests in investment-grade debt securities across the spectrum of U.S. bonds, including government, corporate, and mortgage-backed securities. It also allows for exposure—up to approximately 30%—to high-yield and emerging-market bonds, aiming to enhance yield and diversification benefits. With assets totaling nearly $50 billion, the fund stands as a significant player in the intermediate core-plus bond category, maintaining a moderate sensitivity to interest rates and credit quality. Its cost structure is notably competitive, with expense ratios positioned at the lower end among peers. The fund's portfolio construction leverages allocations among underlying fixed-income funds benchmarked to the Bloomberg U.S. Aggregate Bond Index, and it is managed by an experienced team led by Jonathan Duggan. By distributing income monthly, the Strategic Advisers Core Income Fund plays a prominent role in meeting the income needs of investors seeking a balanced blend of credit quality, sector diversification, and efficient management in the bond market.
Performance
FPCIX had a total return of 1.49% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.21%.
Top 10 Holdings
32.42% of assets| Name | Symbol | Weight |
|---|---|---|
| Fidelity SAI Total Bond | FSMTX | 6.67% |
| PIMCO Mortgage Opportunities and BdInstl | PMZIX | 4.25% |
| iShares 7-10 Year Treasury Bond ETF | IEF | 3.29% |
| American Funds Bond Fund of Amer F2 | ABNFX | 3.07% |
| Voya Intermediate Bond I | IICIX | 3.02% |
| DoubleLine Total Return Bond Fund | DLTNX | 2.75% |
| PIMCO Income Instl | PIMIX | 2.52% |
| Baird Aggregate Bond Inst | BAGIX | 2.43% |
| Baird Core Plus Bond Fund | BCOIX | 2.31% |
| Overnight Cash/Repurchase Agreements | n/a | 2.12% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.03378 | Aug 1, 2025 |
| Jun 30, 2025 | $0.03272 | Jul 1, 2025 |
| May 30, 2025 | $0.03359 | Jun 2, 2025 |
| Apr 30, 2025 | $0.03327 | May 1, 2025 |
| Mar 31, 2025 | $0.03289 | Apr 1, 2025 |
| Feb 28, 2025 | $0.03129 | Mar 3, 2025 |