FAUDX Strategic Advisers Short Duration Forecast, Technical & Fundamental Analysis

The investment seeks to obtain a high level of current income consistent with preservation of capital. The fund normally invests in U.S. dollar-denominated money market and investment-grade debt securities, and repurchase agreements. It maintains a dollar-weighted average maturity of three years or less. The fund allocates among affiliated fixed-income funds and non-affiliated fixed-income funds that typically participate in Fidelity's FundsNetwork®, and non-affiliated ETFs and sub-advisers. It allocates assets among underlying funds and sub-advisers to achieve similar overall interest rate risk to the Bloomberg U.S. 1-3 Year Government/Credit Bond Index.