- What does FXNAX invest in?
- This fund typically allocates at least 80% of its capital to fixed-income securities represented in the Bloomberg U.S. Aggregate Bond Index. The portfolio manager utilizes statistical sampling strategies—considering factors like duration, maturity, interest rate sensitivity, bond structure, and credit quality—to closely track the index's returns while holding a more focused selection of securities. Furthermore, the fund invests in Fidelity's internal central funds.
- What is the expense ratio of FXNAX?
- Fidelity U.S. Bond Index Fund (FXNAX) charges an expense ratio of 0.03%. This is the annual fee deducted from fund assets to cover management and operations.
- What is FXNAX's dividend yield?
- FXNAX's trailing-twelve-month yield is 3.79%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of FXNAX?
- Effective duration measures FXNAX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FXNAX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of FXNAX?
- FXNAX'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 FXNAX?
- Yield to maturity (YTM) is the total return you'd earn from FXNAX if every bond in the portfolio is held to maturity at the current price. FXNAX'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.
