Fidelity Strategic Dividend and Income Fund
Fidelity Salem Street Trust · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
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
Fund profile
As filed in the prospectus · 2026 Q1
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.
| Share class | Expense ratio |
|---|---|
| FSDIX | 0.62% |
| FASDX | 0.92% |
| FCSDX | 1.67% |
| FTSDX | 1.17% |
| FSIDX | 0.67% |
| FIQWX | 0.55% |
Portfolio turnover 41.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| 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.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Other | 17.5% |
| Financials | 13.9% |
| Information Technology | 12.0% |
| International | 11.1% |
| 10 smaller | 45.5% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: ORACLE CORP, COREWEAVE INC, AKAMAI TECHNOLOGIES INC, SEAGATE TECHNOLOGY HOLDINGS PLC, NEXTERA ENERGY INC, LIBERTY LIVE HOLDINGS INC, WELLS FARGO and CO, SIERRA PACIFIC POWER CO
Largest exited: LUMENTUM HOLDINGS INC ×2, AKAMAI TECHNOLOGIES INC, SEAGATE HDD CAYMAN, VENTAS RLTY LTD PARTNERSHIP, LIBERTY LIVE HOLDINGS INC, FORD MOTOR CO, DUKE ENERGY CORP NEW
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +25.10% | +48.05% | +49.97% | 8.95% | -7.64% | |
| +24.67% | -60.13% | -90.30% | 8.91% | -68.02% | |
| +23.71% | +15.50% | -9.61% | 8.93% | -10.54% | |
| +24.36% | -33.50% | -71.66% | 8.90% | -46.52% | |
| +24.96% | +47.75% | +49.56% | 8.90% | -7.61% | |
| +25.09% | +48.36% | +50.39% | 8.92% | -7.57% |
These classes hold the same portfolio, so the 140.69pp spread over 5 years is the cost difference between them — roughly 28.14pp a year — not a difference in what they own.
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
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.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | Fidelity Central Investment Portfolios LLC | 14.85% | $155.24 | $855.22M | 5.5M |
| XOM | EXXON MOBIL CORPXOM | 3.21% | $145.26 | $184.93M | 1.3M |
| — | Fidelity Revere Street Trust | 2.65% | — | $152.83M | — |
| CSCO | CISCO SYSTEMS INCCSCO | 2.50% | $120.42 | $144.05M | 1.2M |
| ABBV | ABBVIE INCABBV | 2.29% | $217.72 | $132.02M | 606.4K |
| JNJ | JOHNSON and JOHNSONJNJ | 2.10% | $225.33 | $121.04M | 537.2K |
| KO | COCA COLA COKO | 2.09% | $79.01 | $120.42M | 1.5M |
| — | SAMSUNG ELECTRONICS CO LTD | 1.96% | $210.09 | $113.02M | 538.0K |
| PG | PROCTER and GAMBLE COPG | 1.89% | $143.56 | $108.94M | 758.8K |
| MRK | MERCK and CO INCMRK | 1.67% | $118.72 | $96.08M | 809.3K |
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.
Top 10 positions are 35.22% of net assets, top 25 46.49%, across 481 issuers.
See more of this fund's book
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