Fidelity Total Bond Fund

FIDELITY INSTITUTIONAL ASSET MANAGEMENT?

Fidelity Total Bond Fund

FIXED INCOME | INVESTMENT GRADE SYMBOL: FTBFX

FACT SHEET MARCH 31, 2020

OBJECTIVE: High level of current income

STRATEGY: Normally invests at least 80% of its assets in investment-grade debt securities of all types and repurchase agreements for those securities. The fund uses the Bloomberg Barclays U.S. Universal Bond Index as a guide in allocating its assets across the investment-grade, high-yield, and emerging-market asset classes and in managing the fund's overall interest rate risk. Invests up to 20% of its assets in lower-quality debt securities. Invests in domestic and foreign issuers and allocates assets across different asset classes, market sectors, and maturities. Analyzes the credit quality of the issuer; the issuer's potential for success; the credit, currency, and economic risks of the security and its issuer; security-specific features; current and potential future valuation; and trading opportunities to select investments. May engage in transactions that have a leveraging effect on the fund.

CALENDAR YEAR RETURNS (%)

2010 2011

Fund

8.56 7.39

Benchmark

6.54 7.84

Secondary Benchmark

7.16 7.40

Morningstar Category

8.51 6.27

2012 6.53 4.21 5.53 7.76

2013 -0.92 -2.02 -1.35 -0.90

2014 5.54 5.97 5.56 5.42

2015 -0.42 0.55 0.43 -0.45

2016 5.85 2.65 3.91 3.86

2017 4.18 3.54 4.09 4.27

2018 -0.67 0.01 -0.25 -0.61

2019 9.87 8.72 9.29 8.94

TOTAL RETURNS AND EXPENSE RATIOS (%)

Cumulative

3-Month

YTD

Fund

-0.53 -0.53

Benchmark

3.15

3.15

Secondary Benchmark

1.30

1.30

Morningstar Category

-1.10 -1.10

1-Year 5.24 8.93 7.15 4.24

Average Annual 3-Year 5-Year

3.73

3.18

4.82

3.36

4.37

3.35

3.27

2.57

10-Year 4.20 3.88 4.05 3.87

Expense Ratios

Gross

Net

0.45 0.45

?

?

?

?

?

?

Current performance may be higher or lower than that quoted. Visit i. or call your investment professional for most recent month-end performance. Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold.

Total returns are historical and include changes in share price and reinvestment of dividends and capital gains, if any.

MORNINGSTAR RATING

Fund # of Funds in Category

Overall

530

3-Year

530

5-Year

442

10-Year

331

The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics, which are based on risk-adjusted returns. Past performance is no guarantee of future results. ? The Morningstar RatingTM for funds, or "star rating," is calculated for funds with at least a three-year history. (Exchange traded funds and open-end mutual funds are considered a single population for comparative purposes.) It is calculated based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly excess performance (excluding the effect of sales charges, if any), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each fund category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. Morningstar Rating is for the indicated share class only; other classes may have different performance characteristics.

FUND INCEPTION DATE: 10/15/02

BENCHMARK: Bloomberg Barclays U.S. Aggregate Bond

SECONDARY BENCHMARK: Bloomberg Barclays U.S. Universal Bond

MORNINGSTAR CATEGORY: Intermediate Core-Plus Bond

PORTFOLIO ASSETS: $26,669.7M MANAGEMENT FEE (8/31/19): 0.30% TURNOVER RATE (8/19): 170% 30-DAY SEC YIELD: 2.93% MINIMUM INITIAL INVESTMENT: $0

HYPOTHETICAL GROWTH OF $10,000 Fund: $15,094

$25,000

$20,000 $15,000

3/31/20

$10,000 3/31/10

$5,000

$0 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19

Includes changes in share price and reinvestment of dividends and capital gains.

FUND INFORMATION

CUSIP

Symbol

31617K881

FTBFX

Code 820

Not FDIC Insured ? May Lose Value ? No Bank Guarantee

Fidelity Total Bond Fund

FIXED INCOME | INVESTMENT GRADE

SYMBOL: FTBFX

FUND MANAGERS:

Lead Manager: FORD O'NEIL, Since 12/04 Co-Managers: MICHAEL FOGGIN, Since 10/14 JEFFREY MOORE, CFA, Since 6/12 CELSO MU?OZ, CFA, Since 10/17 MICHAEL WEAVER, Since 4/18

PORTFOLIO DIVERSIFICATION (%)1,2

U.S. Government

29.05

Non-U.S. Government

1.97

Other Government Related

(U.S. & Non-U.S.)

1.69

Corporate

39.75

MBS Pass-Through

22.98

ABS

3.16

CMBS

3.28

CMOs

1.45

Covered

0.00

Cash

4.80

USD

4.74

Non-USD

0.06

Net Other Assets3

-8.13

Futures, Options & Swaps

-6.58

FX Forwards/Spots

-1.42

CREDIT QUALITY DIVERSIFICATION (%)2,4

U.S. Government

52.93

AAA

4.35

AA

2.23

A

14.18

BBB

16.18

BB

6.92

B

4.68

CCC & Below

0.87

Short-Term Rated

0.00

Not Rated/Not Available

-3.50

Cash & Net Other Assets3

1.16

TOP 5 ISSUERS1 UNITED STATES TREASURY FNMA GTD MTG PASS THRU CTF GNMA II FNMA/FHLG TBA ISSUER FED HOME LOAN MTG CORP - GOLD 51.23% of total net assets (Total Issuers 1,399)

ASSET CLASS DIVERSIFICATION (%)1,2

Investment-Grade Bonds

84.95

High-Yield Investments

11.80

Emerging-Markets Investments

3.41

Cash & Net Other Assets3

-0.16

DURATION DISTRIBUTION (%)2 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download