FSMTX Performance — Fidelity SAI Total Bond Fund
Data updated: 2026-07-24
FSMTX returned +0.69% year to date and +5.68% over one year to May 2026. Annualised returns are +5.13% over 3 years and +1.18% over 5 years. The fund beat its Intermediate Core Bond category average: $100 invested three years ago grew to $116, against $115 for the category, and to $106 over one year, against $105. Volatility over the past three years was 5.48% a year. In the 12 months to May 2026 the fund took in a net $1.9B, and assets reached $22.25B.
FSMTX Growth of $100
What $100 invested in Fidelity SAI Total Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Core Bond category average over the same months.
| Period | FSMTX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $106 | $105 |
| 3 years (Jun 2023 – May 2026) | $116 | $115 |
| 5 years (Jun 2021 – May 2026) | $106 | $103 |
| Since data start (Sep 2019 – May 2026) | $115 | $109 |
FSMTX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.69% |
| 1 year | +5.68% |
| 3 years (annualised) | +5.13% |
| 5 years (annualised) | +1.18% |
FSMTX Annual Returns
Calendar-year total returns of Fidelity SAI Total Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +0.69% |
| 2025 | +7.64% |
| 2024 | +2.91% |
| 2023 | +7.31% |
| 2022 | −12.59% |
| 2021 | +0.09% |
| 2020 | +9.05% |
| 2019 (Sep–Dec) | +0.30% |
FSMTX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.1% | +1.8% | −1.8% | +0.2% | +0.4% | — | — | — | — | — | — | — |
| 2025 | +0.7% | +2.1% | −0.2% | +0.3% | −0.4% | +1.7% | −0.2% | +1.3% | +1.0% | +0.7% | +0.6% | −0.2% |
| 2024 | +0.1% | −1.2% | +1.1% | −2.3% | +1.7% | +1.1% | +2.3% | +1.5% | +1.3% | −2.1% | +1.1% | −1.6% |
| 2023 | +3.6% | −2.2% | +1.9% | +0.7% | −1.0% | +0.2% | +0.1% | −0.5% | −2.4% | −1.8% | +4.8% | +3.8% |
| 2022 | −1.8% | −1.1% | −2.6% | −3.6% | 0.0% | −2.3% | +2.9% | −2.4% | −4.3% | −0.8% | +3.6% | −0.7% |
| 2021 | −0.4% | −1.1% | −1.0% | +1.0% | +0.4% | +0.9% | +1.0% | 0.0% | −0.8% | 0.0% | +0.2% | −0.1% |
| 2020 | +1.9% | +1.1% | −4.0% | +2.9% | +1.6% | +1.5% | +2.2% | −0.1% | −0.2% | −0.4% | +1.9% | +0.7% |
| 2019 | — | — | — | — | — | — | — | — | −0.3% | +0.3% | 0.0% | +0.3% |
FSMTX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 5.48%
- 3-year Sharpe ratio: 0.11 (vs 4.5% risk-free rate)
- Best month: +4.79% (Nov 2023)
- Worst month: −2.35% (Sep 2023)
FSMTX Fund Flows
Monthly money in and out of Fidelity SAI Total Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $1.9B
- 12-month gross sales (incl. reinvestments): $2.4B
- Sales ÷ redemptions: 4.52×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $229.6M | $3.7M | $225.8M |
| Apr 2026 | $106.6M | $197.2M | −$90.5M |
| Mar 2026 | $74.2M | $123.3M | −$49.1M |
| Feb 2026 | $253.7M | $30.2M | $223.5M |
| Jan 2026 | $279.3M | $105.6M | $173.7M |
| Dec 2025 | $165.5M | $10.4M | $155.1M |
| Nov 2025 | $81.2M | $40.0M | $41.1M |
| Oct 2025 | $129.1M | $3K | $129.1M |
| Sep 2025 | $131.0M | $5K | $131.0M |
| Aug 2025 | $254.6M | $2.5M | $252.1M |
| Jul 2025 | $176.5M | $19.4M | $157.1M |
| Jun 2025 | $527.5M | $0 | $527.5M |
FSMTX Assets Under Management
Net assets of Fidelity SAI Total Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $22.25B |
| 2026-02-28 | $22.70B |
| 2025-11-30 | $22.04B |
| 2025-08-31 | $21.47B |
| 2025-05-31 | $20.19B |
| 2025-02-28 | $19.92B |
| 2024-11-30 | $19.81B |
| 2024-08-31 | $19.93B |
| 2024-05-31 | $19.63B |
| 2024-02-29 | $20.05B |
| 2023-11-30 | $20.22B |
| 2023-08-31 | $20.28B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.