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Fidelity U.S. Bond Index Fund
mutual fund
FXNAX
Payout Change
Pending
Price as of:
$10.5
+0.01
+0.1%
primary theme
U.S. Intermediate-Term Bond Duration
share class
FXNAX (Mutual Fund)
Fidelity U.S. Bond Index Fund
Payout Change
Pending
Price as of:
$10.5
+0.01
+0.1%
primary theme
U.S. Intermediate-Term Bond Duration
share class
FXNAX (Mutual Fund)
Fidelity U.S. Bond Index Fund
Payout Change
Pending
Price as of:
$10.5
+0.01
+0.1%
primary theme
U.S. Intermediate-Term Bond Duration
share class
Name
As of 10/08/2024Price
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
3.5%
1 yr return
10.6%
3 Yr Avg Return
-1.5%
5 Yr Avg Return
0.1%
Net Assets
$57.6 B
Holdings in Top 10
9.3%
52 WEEK LOW AND HIGH
$10.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.03%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 76.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/08/2024Price
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
FXNAX - Profile
Distributions
- YTD Total Return 3.5%
- 3 Yr Annualized Total Return -1.5%
- 5 Yr Annualized Total Return 0.1%
- Capital Gain Distribution Frequency None
- Net Income Ratio 1.81%
- Dividend Yield 3.3%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFidelity U.S. Bond Index Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateMay 10, 2011
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrandon Bettencourt
Fund Description
Normally investing at least 80% of assets in bonds included in the Bloomberg U.S. Aggregate Bond Index.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 U.S. Aggregate Bond Index using a smaller number of securities.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.Investing in Fidelity's Central funds (specialized investment vehicles used by Fidelity® funds to invest in particular security types or investment disciplines) consistent with the asset classes discussed above.
Read More
FXNAX - Performance
Return Ranking - Trailing
| Period | FXNAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.5% | -2.4% | 11.1% | 57.65% |
| 1 Yr | 10.6% | -6.8% | 24.6% | 61.43% |
| 3 Yr | -1.5%* | -9.8% | 28.5% | 31.88% |
| 5 Yr | 0.1%* | -7.3% | 58.9% | 60.36% |
| 10 Yr | 1.6%* | -2.6% | 74.0% | 50.25% |
* Annualized
Return Ranking - Calendar
| Period | FXNAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.5% | -16.2% | 8.1% | 31.28% |
| 2022 | -15.0% | -34.7% | 131.9% | 21.20% |
| 2021 | -3.8% | -11.6% | 4.4% | 67.87% |
| 2020 | 4.5% | -10.1% | 946.1% | 41.72% |
| 2019 | 5.6% | -1.7% | 16.9% | 52.13% |
Total Return Ranking - Trailing
| Period | FXNAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.5% | -2.4% | 11.1% | 57.65% |
| 1 Yr | 10.6% | -6.8% | 24.6% | 61.43% |
| 3 Yr | -1.5%* | -9.8% | 28.5% | 31.88% |
| 5 Yr | 0.1%* | -7.3% | 58.9% | 60.36% |
| 10 Yr | 1.6%* | -2.6% | 74.0% | 50.25% |
* Annualized
Total Return Ranking - Calendar
| Period | FXNAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.8% | -11.3% | 11.9% | 60.21% |
| 2022 | -13.1% | -32.2% | 131.9% | 34.00% |
| 2021 | -1.6% | -9.4% | 9.2% | 74.01% |
| 2020 | 8.0% | -1.9% | 1009.0% | 55.44% |
| 2019 | 8.7% | 1.1% | 21668.0% | 52.36% |
NAV & Total Return History
FXNAX - Holdings
Concentration Analysis
| FXNAX | Category Low | Category High | FXNAX % Rank | |
|---|---|---|---|---|
| Net Assets | 57.6 B | 2.9 M | 314 B | 3.06% |
| Number of Holdings | 9363 | 1 | 17787 | 1.74% |
| Net Assets in Top 10 | 5.24 B | 1.62 M | 36.1 B | 9.92% |
| Weighting of Top 10 | 9.26% | 4.4% | 432.9% | 94.35% |
Top 10 Holdings
- UST NOTES 4.875% 04/30/2026 1.26%
- UST NOTES 1.5% 02/15/2030 1.09%
- UST NOTES 2.75% 08/15/2032 1.01%
- UST NOTES 2.625% 07/31/2029 0.98%
- UST NOTES 4.5% 11/15/2033 0.93%
- FHLG 30YR 2% 01/01/2051#SD8121 0.85%
- UST NOTES 4.625% 02/28/2026 0.84%
- Fidelity Cash Central Fund 0.82%
- UST NOTES 3.875% 08/15/2033 0.75%
- UST NOTES 4.25% 01/31/2026 0.74%
Asset Allocation
| Weighting | Return Low | Return High | FXNAX % Rank | |
|---|---|---|---|---|
| Bonds | 99.36% | 0.00% | 993.61% | 26.73% |
| Convertible Bonds | 0.96% | 0.00% | 7.93% | 69.10% |
| Cash | 0.82% | -54.51% | 237.69% | 76.48% |
| Stocks | 0.00% | 0.00% | 99.99% | 86.94% |
| Preferred Stocks | 0.00% | 0.00% | 71.02% | 86.50% |
| Other | 0.00% | -16.55% | 52.94% | 93.15% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FXNAX % Rank | |
|---|---|---|---|---|
| Government | 44.37% | 0.00% | 86.23% | 7.42% |
| Securitized | 29.37% | 0.00% | 98.40% | 50.36% |
| Corporate | 24.42% | 0.00% | 100.00% | 71.27% |
| Cash & Equivalents | 0.82% | -0.46% | 237.69% | 69.22% |
| Municipal | 0.60% | 0.00% | 100.00% | 40.06% |
| Derivative | 0.00% | -1.41% | 44.82% | 77.30% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FXNAX % Rank | |
|---|---|---|---|---|
| US | 99.36% | 0.00% | 993.61% | 23.42% |
| Non US | 0.00% | 0.00% | 35.41% | 88.24% |
FXNAX - Expenses
Operational Fees
| FXNAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.03% | 0.01% | 39.64% | 99.08% |
| Management Fee | 0.03% | 0.00% | 1.76% | 2.17% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| FXNAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| FXNAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 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.
| FXNAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 76.00% | 2.00% | 493.39% | 34.37% |
FXNAX - Distributions
Dividend Yield Analysis
| FXNAX | Category Low | Category High | FXNAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.31% | 0.00% | 10.11% | 82.96% |
Dividend Distribution Analysis
| FXNAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
| FXNAX | Category Low | Category High | FXNAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.81% | -1.28% | 4.79% | 42.24% |
Capital Gain Distribution Analysis
| FXNAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | None | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2024 | $0.029 | OrdinaryDividend |
| Aug 31, 2024 | $0.030 | OrdinaryDividend |
| Jul 31, 2024 | $0.029 | OrdinaryDividend |
| Jun 30, 2024 | $0.029 | OrdinaryDividend |
| Apr 30, 2024 | $0.028 | OrdinaryDividend |
| Mar 31, 2024 | $0.029 | OrdinaryDividend |
| Feb 29, 2024 | $0.027 | OrdinaryDividend |
| Jan 31, 2024 | $0.028 | OrdinaryDividend |
| Dec 31, 2023 | $0.028 | OrdinaryDividend |
| Nov 30, 2023 | $0.027 | OrdinaryDividend |
| Oct 31, 2023 | $0.027 | OrdinaryDividend |
| Sep 30, 2023 | $0.026 | OrdinaryDividend |
| Aug 31, 2023 | $0.026 | OrdinaryDividend |
| Jul 31, 2023 | $0.026 | OrdinaryDividend |
| Jun 30, 2023 | $0.025 | OrdinaryDividend |
| May 31, 2023 | $0.025 | OrdinaryDividend |
| Apr 30, 2023 | $0.024 | OrdinaryDividend |
| Mar 31, 2023 | $0.025 | OrdinaryDividend |
| Feb 28, 2023 | $0.046 | OrdinaryDividend |
| Jan 31, 2023 | $0.024 | OrdinaryDividend |
| Dec 31, 2022 | $0.024 | OrdinaryDividend |
| Nov 30, 2022 | $0.022 | OrdinaryDividend |
| Oct 31, 2022 | $0.022 | OrdinaryDividend |
| Sep 30, 2022 | $0.021 | OrdinaryDividend |
| Aug 31, 2022 | $0.021 | OrdinaryDividend |
| Jul 31, 2022 | $0.021 | OrdinaryDividend |
| Jun 30, 2022 | $0.020 | OrdinaryDividend |
| May 31, 2022 | $0.019 | OrdinaryDividend |
| Apr 29, 2022 | $0.019 | OrdinaryDividend |
| Mar 31, 2022 | $0.019 | OrdinaryDividend |
| Feb 28, 2022 | $0.017 | OrdinaryDividend |
| Jan 31, 2022 | $0.021 | OrdinaryDividend |
| Dec 31, 2021 | $0.021 | OrdinaryDividend |
| Nov 30, 2021 | $0.018 | OrdinaryDividend |
| Oct 29, 2021 | $0.017 | OrdinaryDividend |
| Oct 08, 2021 | $0.030 | CapitalGainLongTerm |
| Sep 30, 2021 | $0.017 | OrdinaryDividend |
| Aug 31, 2021 | $0.018 | OrdinaryDividend |
| Jul 30, 2021 | $0.018 | OrdinaryDividend |
| Jun 30, 2021 | $0.017 | OrdinaryDividend |
| May 28, 2021 | $0.017 | OrdinaryDividend |
| Apr 30, 2021 | $0.017 | OrdinaryDividend |
| Mar 31, 2021 | $0.018 | OrdinaryDividend |
| Feb 26, 2021 | $0.016 | OrdinaryDividend |
| Jan 29, 2021 | $0.023 | OrdinaryDividend |
| Dec 31, 2020 | $0.021 | OrdinaryDividend |
| Dec 04, 2020 | $0.007 | CapitalGainShortTerm |
| Dec 04, 2020 | $0.021 | CapitalGainLongTerm |
| Nov 30, 2020 | $0.019 | OrdinaryDividend |
| Oct 30, 2020 | $0.021 | OrdinaryDividend |
| Oct 09, 2020 | $0.034 | CapitalGainShortTerm |
| Oct 09, 2020 | $0.061 | CapitalGainLongTerm |
| Sep 30, 2020 | $0.020 | OrdinaryDividend |
| Aug 31, 2020 | $0.017 | OrdinaryDividend |
| Jul 31, 2020 | $0.018 | OrdinaryDividend |
| Jun 30, 2020 | $0.021 | OrdinaryDividend |
| May 29, 2020 | $0.024 | OrdinaryDividend |
| Apr 30, 2020 | $0.024 | OrdinaryDividend |
| Mar 31, 2020 | $0.025 | OrdinaryDividend |
| Feb 28, 2020 | $0.024 | OrdinaryDividend |
| Jan 31, 2020 | $0.027 | OrdinaryDividend |
| Dec 31, 2019 | $0.027 | OrdinaryDividend |
| Nov 29, 2019 | $0.025 | OrdinaryDividend |
| Oct 31, 2019 | $0.026 | OrdinaryDividend |
| Sep 30, 2019 | $0.026 | OrdinaryDividend |
| Aug 30, 2019 | $0.027 | OrdinaryDividend |
| Jul 31, 2019 | $0.027 | OrdinaryDividend |
| Jun 28, 2019 | $0.027 | OrdinaryDividend |
| Oct 13, 2017 | $0.007 | CapitalGainLongTerm |
| Dec 02, 2016 | $0.003 | CapitalGainShortTerm |
| Dec 18, 2015 | $0.003 | CapitalGainShortTerm |
| Dec 18, 2015 | $0.004 | CapitalGainLongTerm |
| Oct 12, 2015 | $0.001 | CapitalGainShortTerm |
| Oct 12, 2015 | $0.011 | CapitalGainLongTerm |
| Dec 22, 2014 | $0.004 | CapitalGainShortTerm |
| Dec 22, 2014 | $0.004 | CapitalGainLongTerm |
| Dec 26, 2012 | $0.005 | CapitalGainShortTerm |
| Dec 26, 2012 | $0.006 | CapitalGainLongTerm |
| Oct 15, 2012 | $0.031 | CapitalGainShortTerm |
| Oct 15, 2012 | $0.042 | CapitalGainLongTerm |
| Dec 19, 2011 | $0.008 | CapitalGainShortTerm |
| Dec 19, 2011 | $0.003 | CapitalGainLongTerm |
| Oct 17, 2011 | $0.011 | CapitalGainShortTerm |
| Oct 17, 2011 | $0.043 | CapitalGainLongTerm |
FXNAX - Fund Manager Analysis
Managers
Brandon Bettencourt
Start Date
Tenure
Tenure Rank
May 19, 2014
8.04
8.0%
Since joining Fidelity Investments in 2008, Brandon Bettencourt has worked as a research associate, portfolio analyst, and portfolio manager.
Richard Munclinger
Start Date
Tenure
Tenure Rank
Oct 30, 2020
1.58
1.6%
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 |
|---|---|---|---|
| 0.08 | 33.43 | 6.78 | 1.16 |
