Fidelity Strategic Dividend and Income Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Fidelity Strategic Dividend and Income Fund held 727 positions with $5.76B in net assets. Its ten largest holdings made up 35.2% of the fund. The FSDIX share class costs 0.62% a year. Over the 12 months to May 2026, FSDIX returned 23.8%, with dividends reinvested. In 2026 Q2 it added 80 new positions and exited 58.
Fidelity Strategic Dividend & Income Fund seeks reasonable income. The fund will also consider the potential for capital appreciation.
The fund invests at least 80% of assets in dividend-paying equity securities across four categories: common stocks, preferred stocks, convertible securities, and real estate investment trusts, with a target allocation of roughly 50%, 20%, 15%, and 15% respectively. The manager uses fundamental analysis to select value-oriented stocks with current dividends and capital appreciation potential, and may also hold lower-quality debt securities. The fund invests in both domestic and foreign issuers.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Fidelity Central Investment Portfolios LLC | 14.85% | $855.22M | 5.5M | $155.24 |
3.21% | $184.93M | 1.3M | $145.26 | |
Fidelity Revere Street Trust | 2.65% | $152.83M | — | — |
2.50% | $144.05M | 1.2M | $120.42 | |
ABBVABBVIE INC | 2.29% | $132.02M | 606.4K | $217.72 |
2.10% | $121.04M | 537.2K | $225.33 | |
2.09% | $120.42M | 1.5M | $79.01 | |
SAMSUNG ELECTRONICS CO LTD | 1.96% | $113.02M | 538.0K | $210.09 |
1.89% | $108.94M | 758.8K | $143.56 | |
1.67% | $96.08M | 809.3K | $118.72 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
The 200 largest of 727 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 83.26% |
| Bonds | 13.85% |
| Cash & short-term | 3.25% |
| Loans | 0.02% |
| Derivatives | -0.00% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
By sector
- Other
- 19.4%
- Information Technology
- 12.0%
- Financials
- 12.0%
- International
- 10.7%
- 10 other sectors
- 46.0%
- Other
- 19.4%
- Information Technology
- 12.0%
- Financials
- 12.0%
- International
- 10.7%
- Health Care
- 10.0%
- Utilities
- 6.1%
- Consumer Staples
- 6.0%
- Industrials
- 5.3%
- Consumer Discretionary
- 5.1%
- Energy
- 5.1%
- Communication Services
- 3.3%
- Cash
- 3.2%
- Real Estate
- 1.4%
- Materials
- 0.5%
How it has done
FSDIX share class · total returns with dividends reinvested
Volatility over the last 12 months: 8.92%. Past returns are a record, not a forecast.
The 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.62% | +23.78% | +54.45% | +50.58% | -7.64% | |
| 0.92% | +23.41% | +53.20% | +48.50% | -7.73% | |
| 1.67% | +22.48% | +50.33% | +44.10% | -7.80% | |
| 1.17% | +23.12% | +52.01% | +46.53% | -7.72% | |
| 0.67% | +23.72% | +54.28% | +50.27% | -7.61% | |
| 0.55% | +23.91% | +54.90% | +51.18% | -7.57% |
These classes hold the same portfolio, so the 7.08pp spread over 5 years is the cost difference between them — roughly 1.42pp a year — not a difference in what they own.
Fees & fund details
Fidelity Strategic Dividend and Income Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 0.55% – 1.67%· FSDIX 0.62%
- Portfolio turnover
- 41.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
80 new· the largest 8
58 exited· the largest 7
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 94.4% |
| Floating rate | 5.6% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 3.6% |
| 1-3y | 32.1% |
| 3-5y | 39.9% |
| 5-10y | 19.2% |
| 10y+ | 5.2% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 54% |
| Interest rates | 46% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +0.44 yr |
| Investment grade | +0.20 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.00 yr | 1% |
| 1 yr | 0.13 yr | 24% |
| 5 yr | 0.36 yr | 67% |
| 10 yr | 0.04 yr | 8% |
| 30 yr | 0.00 yr | 0% |
| 3 mo | 0.03 yr | 4% |
| 1 yr | 0.16 yr | 24% |
| 5 yr | 0.36 yr | 56% |
| 10 yr | 0.06 yr | 10% |
| 30 yr | 0.04 yr | 6% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.00 | +0.02 | $2.4k | $13.1k |
| 1 yr | +0.13 | +0.05 | +0.10 | $29.4k | $60.3k |
| 5 yr | +0.36 | +0.08 | +0.28 | $46.7k | $158.8k |
| 10 yr | +0.04 | +0.03 | +0.03 | $17.6k | $17.8k |
| 30 yr | +0.00 | +0.03 | +0.01 | $17.8k | $3.9k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
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