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Fidelity International Bond Index Fund
mutual fund
FBIIX
Payout Change
Pending
Price as of:
$9.48
+0.01
+0.11%
primary theme
N/A
share class
FBIIX (Mutual Fund)
Fidelity International Bond Index Fund
FBIIX (Mutual Fund)
Fidelity International Bond Index Fund
Payout Change
Pending
Price as of:
$9.48
+0.01
+0.11%
primary theme
N/A
share class
Name
As of 12/06/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
5.0%
1 yr return
7.1%
3 Yr Avg Return
0.0%
5 Yr Avg Return
0.6%
Net Assets
$856 M
Holdings in Top 10
8.3%
52 WEEK LOW AND HIGH
$9.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.06%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 18.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/06/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FBIIX - Profile
Distributions
- YTD Total Return 5.0%
- 3 Yr Annualized Total Return 0.0%
- 5 Yr Annualized Total Return 0.6%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.79%
- Dividend Yield 1.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFidelity International Bond Index Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateOct 23, 2019
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrandon Bettencourt
Fund Description
Normally investing at least 80% of assets in securities included in the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Diversified Index (Hedged USD), which is a multi-currency benchmark that includes fixed-rate treasury, government-related, corporate and securitized bonds from developed and emerging markets issuers while excluding USD denominated debt.Using statistical sampling techniques based on duration, maturity, interest rate sensitivity, security structure, and credit quality to attempt to replicate the returns of the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Diversified Index (Hedged USD) using a smaller number of securities.Hedging the fund's foreign currency exposures utilizing forward foreign currency exchange contracts.Engaging in transactions that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default), options, and futures contracts - and forward-settling securities, to adjust the fund's risk exposure.
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FBIIX - Performance
Return Ranking - Trailing
| Period | FBIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.0% | -15.2% | -2.4% | 24.62% |
| 1 Yr | 7.1% | -10.4% | -2.5% | 58.78% |
| 3 Yr | 0.0%* | -1.2% | 4.2% | N/A |
| 5 Yr | 0.6%* | -0.1% | 3.7% | N/A |
| 10 Yr | N/A* | 0.0% | 4.6% | N/A |
* Annualized
Return Ranking - Calendar
| Period | FBIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.4% | -9.4% | -0.6% | 10.48% |
| 2022 | -11.7% | -1.3% | 7.0% | 50.44% |
| 2021 | -2.4% | 0.5% | 200.9% | N/A |
| 2020 | 3.6% | -15.5% | 3.1% | N/A |
| 2019 | N/A | -0.6% | 30.6% | N/A |
Total Return Ranking - Trailing
| Period | FBIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.0% | -15.2% | -2.4% | 22.31% |
| 1 Yr | 7.1% | -12.6% | -2.5% | 50.38% |
| 3 Yr | 0.0%* | -1.6% | 4.2% | N/A |
| 5 Yr | 0.6%* | -0.1% | 3.7% | N/A |
| 10 Yr | N/A* | 0.0% | 4.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | FBIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.5% | -9.4% | -0.6% | 10.48% |
| 2022 | -10.8% | -1.3% | 7.0% | 50.44% |
| 2021 | -1.8% | 0.5% | 200.9% | N/A |
| 2020 | 4.4% | -15.5% | 3.3% | N/A |
| 2019 | N/A | 0.1% | 30.6% | N/A |
NAV & Total Return History
FBIIX - Holdings
Concentration Analysis
| FBIIX | Category Low | Category High | FBIIX % Rank | |
|---|---|---|---|---|
| Net Assets | 856 M | 21.8 M | 93.5 B | 61.07% |
| Number of Holdings | 1815 | 5 | 7040 | 31.82% |
| Net Assets in Top 10 | 71 M | -839 M | 6.06 B | 40.15% |
| Weighting of Top 10 | 8.28% | 6.1% | 100.0% | 79.55% |
Top 10 Holdings
- CHINA DEVELOPMENT BANK 3.48% 01/08/2029 1.10%
- CHINA DEVELOPMENT BANK 2.83% 09/10/2026 1.00%
- EXPORT IMPORT BK CHINA 3.22% 05/14/2026 0.98%
- CHINA PEOPLES REPUBLIC OF 2.4% 07/15/2028 0.85%
- CHINA PEOPLES REPUBLIC OF 3.81% 09/14/2050 0.78%
- JAPAN GOVT 0.7% 09/20/2038 0.78%
- AGRICULTURAL DEVELOPMENT BANK OF CHINA 3.3% 11/05/2031 0.76%
- AGRICULTURAL DEVELOPMENT BANK OF CHINA 3.52% 05/24/2031 0.69%
- GERMANY FEDERAL REPUBLIC OF 0% 04/16/2027 REGS 0.69%
- JAPAN GOVERNMENT OF 0.3% 12/20/2025 0.67%
Asset Allocation
| Weighting | Return Low | Return High | FBIIX % Rank | |
|---|---|---|---|---|
| Bonds | 98.93% | 36.86% | 100.73% | 10.61% |
| Cash | 1.45% | -2.75% | 67.17% | 77.27% |
| Convertible Bonds | 0.77% | 0.00% | 14.16% | 85.61% |
| Preferred Stocks | 0.37% | 0.00% | 0.73% | 48.48% |
| Stocks | 0.00% | 0.00% | 0.70% | 54.55% |
| Other | -0.75% | -8.93% | 0.72% | 34.09% |
FBIIX - Expenses
Operational Fees
| FBIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.06% | 0.02% | 1.81% | 97.66% |
| Management Fee | 0.06% | 0.00% | 0.83% | 4.55% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| FBIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 4.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| FBIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FBIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 18.00% | 2.00% | 402.00% | 7.21% |
FBIIX - Distributions
Dividend Yield Analysis
| FBIIX | Category Low | Category High | FBIIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.73% | 0.00% | 2.20% | 25.76% |
Dividend Distribution Analysis
| FBIIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| FBIIX | Category Low | Category High | FBIIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.79% | -0.30% | 3.10% | 78.63% |
Capital Gain Distribution Analysis
| FBIIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 04, 2024 | $0.041 | OrdinaryDividend |
| Apr 05, 2024 | $0.033 | OrdinaryDividend |
| Dec 20, 2023 | $0.121 | OrdinaryDividend |
| Oct 06, 2023 | $0.035 | OrdinaryDividend |
| Jul 07, 2023 | $0.030 | OrdinaryDividend |
| Apr 05, 2023 | $0.076 | OrdinaryDividend |
| Dec 21, 2022 | $0.024 | OrdinaryDividend |
| Oct 07, 2022 | $0.027 | OrdinaryDividend |
| Jul 01, 2022 | $0.022 | OrdinaryDividend |
| Apr 01, 2022 | $0.017 | OrdinaryDividend |
| Dec 28, 2021 | $0.013 | OrdinaryDividend |
| Oct 01, 2021 | $0.016 | OrdinaryDividend |
| Jul 02, 2021 | $0.018 | OrdinaryDividend |
| Apr 05, 2021 | $0.015 | OrdinaryDividend |
| Dec 29, 2020 | $0.033 | OrdinaryDividend |
| Oct 02, 2020 | $0.007 | OrdinaryDividend |
| Jul 10, 2020 | $0.008 | OrdinaryDividend |
| Apr 03, 2020 | $0.008 | OrdinaryDividend |
| Feb 14, 2020 | $0.020 | OrdinaryDividend |
| Dec 27, 2019 | $0.009 | OrdinaryDividend |
| Dec 27, 2019 | $0.008 | CapitalGainShortTerm |
FBIIX - Fund Manager Analysis
Managers
Brandon Bettencourt
Start Date
Tenure
Tenure Rank
Oct 10, 2019
2.64
2.6%
Since joining Fidelity Investments in 2008, Brandon Bettencourt has worked as a research associate, portfolio analyst, and portfolio manager.
Andrew Lewis
Start Date
Tenure
Tenure Rank
Oct 10, 2019
2.64
2.6%
Since joining Fidelity Investments in 2009, Mr. Lewis has worked as a managing director of research in the UK, research analyst, and a portfolio manager.
Michael Foggin
Start Date
Tenure
Tenure Rank
Oct 10, 2019
2.64
2.6%
Michael Foggin is a portfolio manager at Fidelity Institutional Asset Management (FIAM), an investment organization within Fidelity Investments’ asset management division that is dedicated to serving the needs of consultants and institutional investors, such as defined benefit and defined contribution plans, endowments and financial advisors. In this role, he manages the Global and International Credit Portfolios as part of the Global Fixed Income Team. Prior to joining Fidelity in July 2012, Mr. Foggin was a Fixed Income portfolio manager at Schroders from 2006 to 2012. Previously he worked
Richard Munclinger
Start Date
Tenure
Tenure Rank
Oct 01, 2020
1.66
1.7%
Richard Munclinger is a portfolio manager in the Fixed Income division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals. In this role, Mr. Munclinger is responsible for managing all of Fidelity's fixed income index funds, as well as the inflation-protected debt sub-portfolio of Fidelity and Fidelity Advisor Strategic Real Return Funds. Prior to assuming his current position, Mr. Munclinger was a quantitative analyst working with the Core/Core Plus/Tactical Bond investment team on asset allocation and risk management. Prior to joining Fidelity in August 2016, Mr. Munclinger worked as a senior quantitative an analyst at State Street Global Advisors (SSgA). Previously, he was a model validation manager at Freddie Mac and an economist at International Monetary Fund. He has been in the financial industry since 2014. Mr. Munclinger earned his bachelor of science degree in finance from the University of Cape Town. Additionally, he earned his master of science degree, as well as his PhD, in finance from George Washington University. He is also a CFA® charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.12 | 31.42 | 5.43 | 0.92 |
