- What does FTBFX invest in?
- The Fidelity Total Bond fund primarily allocates its assets to fixed-income instruments, with a minimum of 80% typically dedicated to various types of debt obligations and related repurchase agreements. Portfolio decisions are guided by the Bloomberg U.S. Universal Bond Index, which helps the manager strategically diversify holdings across different credit qualities, including investment-grade, high-yield, and emerging market bonds. A portion of the portfolio, up to 20%, may also be committed to lower-rated, higher-risk debt instruments – commonly known as high-yield or "junk" bonds – which fall below investment-grade quality.
- What is the expense ratio of FTBFX?
- Fidelity Total Bond (FTBFX) charges an expense ratio of 0.45%. This is the annual fee deducted from fund assets to cover management and operations.
- What is FTBFX's dividend yield?
- FTBFX's trailing-twelve-month yield is 4.30%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of FTBFX?
- Effective duration measures FTBFX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FTBFX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of FTBFX?
- FTBFX'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 FTBFX?
- Yield to maturity (YTM) is the total return you'd earn from FTBFX if every bond in the portfolio is held to maturity at the current price. FTBFX'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.
