Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Fidelity® Conservative Income Bond Institutional Class (FCNVX)

10.04
Net Asset Value
0.00%
1 Day
+0.10%
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+0.10% 3 years+0.76%
3 months+0.31% 5 years+0.75%
1 year+1.19% Since inception+0.75%
Data through --

Peer Comparisonvs. Ultrashort bond

 FCNVXCategory
Performance 5-yr return+0.75%+0.85%
Expense ratio0.35%0.50%
Risk 5 year sharpe ratio3.221.39
Net assets$7.2B$1.5B
Average market cap--$32.8B
Average P/E--9.8
Portfolio turnover54%54%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

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

Holdings

Fixed income59.98%
Cash40.02%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 1.45%
-- 1.41%
-- 1.15%
-- 1.02%
-- 1.02%
-- 0.99%
-- 0.96%
-- 0.96%
-- 0.82%
-- 0.75%