Fidelity® Conservative Income Bond Institutional Class (FCNVX)

10.04
Net Asset Value
0.00%
1 Day
0.00%
Year-to-Date
Overall Morningstar Rating
Ultrashort bond
Style or Category
No Load
Sales Expenses
0.35%
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.

Performance

1 month+0.03% 3 years+0.80%
3 months+0.10% 5 years--
1 year+0.53% Since inception+0.79%
Data through --

Peer Comparisonvs. Ultrashort bond

 FCNVXCategory
Performance 5-yr return--+2.02%
Expense ratio0.35%0.61%
Risk 5 year sharpe ratio--1.52
Net assets$3.7B$1.1B
Average market cap----
Average P/E----
Portfolio turnover47%47%

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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--

Holdings

Fixed income51.47%
Cash48.53%
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
-- Bpce Gbl Nt 144a FRN2.01%
-- Port Port Arthur Tex Nav Dist1.85%
-- Harris Cnty Tex Indl Dev Corp Var Rev B1.84%
-- Harris Cnty Tex Indl Dev Corp Var Rev B1.79%
-- Alaska Hsg Fin Corp Hm Mtg R Var Rev B1.77%
-- Port Port Arthur Tex Nav Dist1.40%
-- Westpac Bkg FRN1.40%
-- St James Parish La Rev Var Rate1.31%
-- Verizon Comms FRN1.14%
-- Bellsouth 144A 4.973%1.12%

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