Fidelity Investment Grade Bond Fund

Frequently Asked Questions About FBNDX

What does FBNDX invest in?

This fund typically allocates a minimum of 80% of its capital to fixed-income securities deemed investment-grade, which are characterized by medium to high credit quality. These holdings span a wide variety of debt instruments and include repurchase agreements for such securities. The portfolio is strategically diversified across various market sectors and bond maturities. Investments are made in both domestic and international issuers.

What is the expense ratio of FBNDX?

Fidelity Investment Grade Bond Fund (FBNDX) charges an expense ratio of 0.45%. This is the annual fee deducted from fund assets to cover management and operations.

What is FBNDX's dividend yield?

FBNDX's trailing-twelve-month yield is 4.37%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of FBNDX?

Effective duration measures FBNDX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FBNDX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of FBNDX?

FBNDX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of FBNDX?

Yield to maturity (YTM) is the total return you'd earn from FBNDX if every bond in the portfolio is held to maturity at the current price. FBNDX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.