Fidelity® Conservative Income Bond Institutional Class (FCNVX)

10.04
Net Asset Value
+0.10%
1 Day
0.00%
Year-to-Date
Overall Morningstar Rating
Ultrashort bond
Style or Category
No Load
Sales Expenses
0.35%
Expense Ratio
Low
Morningstar Risk Rating™
Investment Objective The investment seeks to obtain a high level of current income consistent with preservation of capital. The fund normally invests at least 80% of assets in U.S. dollar-denominated money market and high quality investment-grade debt securities of all types- and repurchase agreements for those securities. It invests more than 25% of total assets in the financial services industries. The fund normally maintains a dollar-weighted average maturity of 0.75 years or less. It invests in fixed rate securities with a maximum maturity of two years or less and floating rate securities with a maximum maturity of three years or less.

Performance

1 month+0.17% 3 years+1.07%
3 months+0.35% 5 years+0.81%
1 year+1.40% Since inception+0.83%
Data through --

Peer Comparisonvs. Ultrashort bond

 FCNVXCategory
Performance 5-yr return+0.81%+0.79%
Expense ratio0.35%0.52%
Risk 5 year sharpe ratio2.640.87
Net assets$8.5B$1.8B
Average market cap--$24.8B
Average P/E--15.0
Portfolio turnover45%45%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureRobert Galusza / 2 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment--

Holdings

Fixed income58.35%
Cash39.63%
Other2.02%
U.S. stock0.00%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 1.62%
-- 1.16%
-- 1.00%
-- 0.90%
-- 0.88%
-- 0.88%
-- 0.88%
-- 0.86%
-- 0.84%
-- 0.82%