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
Below Average
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-0.06% 3 years+0.84%
3 months+0.02% 5 years--
1 year+0.31% Since inception+0.72%
Data through --

Peer Comparisonvs. Ultrashort bond

Performance 5-yr return--+1.35%
Expense ratio0.35%0.59%
Risk 5 year sharpe ratio--1.22
Net assets$3.9B$1.3B
Average market cap----
Average P/E----
Portfolio turnover66%66%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureKim Miller / 3 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment--


Fixed income53.44%
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
-- Cook Cnty Ill Taxable G 0.17%3.38%
-- Bpce Sa FRN3.01%
-- Banque Fed Du Cred Mutuel 144A FRN1.97%
-- Port Port Arthur Tex Nav Dist1.73%
-- Alaska Hsg Fin Corp Hm Mtg R Var Rev B1.65%
-- Bk Amer FRN1.34%
-- Abn Amro Bk Nv Mtn Sr Sb 144a 144A FRN1.32%
-- Port Port Arthur Tex Nav Dist1.31%
-- St James Parish La Rev Var Rate1.23%
-- Bk Tokyo-Mitsubishi Ltd N Y 144A FRN1.23%

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