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Fidelity® Conservative Income Bond Institutional Class (FCNVX)

Net Asset Value
1 Day
Overall Morningstar Rating
Ultrashort bond
Style or Category
No Load
Sales Expenses
Expense Ratio
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.


1 month+0.05% 3 years+0.47%
3 months+0.04% 5 years--
1 year+0.28% Since inception+0.63%
Data through --

Peer Comparisonvs. Ultrashort bond

Performance 5-yr return--+0.75%
Expense ratio0.35%0.54%
Risk 5 year sharpe ratio--0.91
Net assets$3.7B$1.2B
Average market cap--$12.0B
Average P/E--60.0
Portfolio turnover66%66%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureKim Miller / 4 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment--


Fixed income50.03%
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
-- 2.59%
-- 2.34%
-- 2.08%
-- 1.78%
-- 1.60%
-- 1.50%
-- 1.29%
-- 1.21%
-- 1.10%
-- 1.08%

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