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FGMNX Fidelity® GNMA

  • Fund
  • FGMNX
  • Price as of: Jun 21, 2018
  • $11.11
  • + $0.01
  • + 0.09%
  • Category
  • Government Bonds

FGMNX - Profile

Vitals

  • YTD Return -2.4%
  • 3 Yr Annualized Return 0.8%
  • 5 Yr Annualized Return 1.7%
  • Net Assets $4.44 B
  • Holdings in Top 10 86.9%

52 WEEK LOW AND HIGH

$11.11
$11.02
$11.52

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.45%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 270.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Government Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate Government

Distributions

  • YTD Total Return -2.4%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 2.04%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Fidelity® GNMA Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Nov 08, 1985
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Franco Castagliuolo

Fund Description

The Fidelity GNMA Fund (FGMNX) is an actively managed fund within the fixed-income sector. FGMNX hones its portfolio towards Ginnie Mae bonds, pass-through securities and repurchase agreements for Ginnie Mae bonds. Ginnie Mae bonds are U.S. 100%-backed government mortgage bonds issued through various housing authorities and agencies in the United States. The fund seeks to use credit analysis to outperform its benchmark.

With its low costs and relatively low risk and high yield, FGMNX is a great subcore position in a broad fixed-income portfolio. The fund is internally managed by Fidelity.

FGMNX - Performance

Return Ranking - Trailing

Period FGMNX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.4% -10.6% 6.9% 51.38% 4
1 Yr -0.7% -6.0% 56.6% 48.76% 3
3 Yr 0.8% * -2.2% 4.6% 21.41% 2
5 Yr 1.7% * -1.6% 5.6% 11.27% 1
10 Yr 3.7% * 0.0% 9.3% 10.41% 1

* Annualized

Return Ranking - Calendar

Period FGMNX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -0.4% -6.8% 10.5% 24.53% 3
2016 -0.8% -9.3% 4.2% 24.66% 2
2015 -1.2% -46.1% 19.7% 27.78% 3
2014 4.0% -16.6% 41.3% 5.67% 1
2013 -4.5% -26.8% 6.7% 44.87% 3

Total Return Ranking - Trailing

Period FGMNX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.4% -100.0% 6.9% 50.13% 4
1 Yr -0.7% -8.4% 14.8% 35.75% 2
3 Yr 0.8% * -3.0% 4.3% 16.34% 1
5 Yr 1.7% * -1.8% 5.6% 10.69% 1
10 Yr 3.7% * 0.0% 9.3% 10.09% 1

* Annualized

Total Return Ranking - Calendar

Period FGMNX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -0.4% -6.8% 10.5% 27.35% 3
2016 -0.5% -7.9% 5.6% 38.84% 3
2015 -0.7% -7.8% 19.7% 39.34% 3
2014 4.0% -15.9% 51.5% 21.71% 2
2013 -4.0% -26.7% 7.1% 48.67% 3

NAV & Total Return History

FGMNX - Holdings

Filings data as of: Apr 30, 2018

Concentration Analysis

FGMNX Category Low Category High FGMNX % Rank Quintile
Net Assets 4.44 B 1.2 M 22.9 B 2.72% 1
Number of Holdings 220 6 16286 18.27% 3
Net Assets in Top 10 3.61 B -45.6 M 10.4 B 0.99% 1
Weighting of Top 10 86.9% 0.0% 241.6% 6.67% 1

Top 10 Holdings

  1. Ginnie Mae 3.5% 30 Year 32.40%
  2. Ginnie Mae 3% 30 Year 22.70%
  3. Ginnie Mae 4% 30 Year 14.29%
  4. Ginnie Mae 4.5% 30 Year 7.41%
  5. Ginnie Mae 5% 30 Year 2.62%
  6. Gscm Swap Rec 3.065 2/05/21 2.04%
  7. Gscm Swap Pay 3.065 02/05/21 2.04%
  8. Government National Mortgage Association 2.5% 1.28%
  9. Government National Mortgage Association 4% 1.18%
  10. Ginnie Mae 2.5% 30 Year 0.98%

Asset Allocation

Weighting Category Low Category High FGMNX % Rank Quintile
Bonds 		102.57% 0.00% 161.06% 4.94% 1
Cash 		1.51% -61.09% 100.00% 23.70% 3
Stocks 		0.00% -2.54% 15.23% 0.99% 4
Preferred Stocks 		0.00% 0.00% 0.64% 0.99% 4
Convertible Bonds 		0.00% 0.00% 0.22% 0.49% 4
Other 		-4.08% -46.99% 29.10% 13.58% 5

Bond Sector Breakdown

Weighting Category Low Category High FGMNX % Rank Quintile
Securitized 		102.58% 0.00% 161.65% 2.72% 1
Cash & Equivalents 		1.51% -61.09% 100.00% 23.70% 3
Derivative 		0.00% -33.10% 1.56% 1.23% 4
Corporate 		0.00% 0.00% 76.92% 13.83% 5
Municipal 		0.00% 0.00% 17.53% 6.42% 4
Government 		-0.01% -57.96% 113.02% 33.83% 5

Bond Geographic Breakdown

Weighting Category Low Category High FGMNX % Rank Quintile
US 		102.57% -1.93% 161.06% 4.69% 1
Non US 		0.00% 0.00% 93.34% 14.57% 5

FGMNX - Expenses

Operational Fees

FGMNX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.45% -0.56% 8.57% 35.56% 1
Management Fee 0.31% 0.00% 0.95% 7.65% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.45% N/A N/A

Sales Fees

FGMNX Fees (% of AUM) Category Low Category High FGMNX Rank Quintile
Front Load N/A 0.40% 4.75% N/A N/A
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

FGMNX Fees (% of AUM) Category Low Category High FGMNX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FGMNX Fees (% of AUM) Category Low Category High FGMNX Rank Quintile
Turnover 270.00% 0.00% 1536.00% 8.68% 4

FGMNX - Distributions

Dividend Yield Analysis

FGMNX Category Low Category High FGMNX % Rank Quintile
Dividend Yield 0.2% 0.00% 3.47% 22.84% 2

Dividend Distribution Analysis

FGMNX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History

View More History

Net Income Ratio Analysis

FGMNX Category Low Category High FGMNX % Rank Quintile
Net Income Ratio 2.04% -3.48% 4.39% 13.09% 2

Capital Gain Distribution Analysis

FGMNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Semi-Annually Annually

FGMNX - Managers

Franco Castagliuolo

Manager

Start Date

Dec 15, 2009

Tenure

8.46

Tenure Rank

8.0%

Franco Castagliuolo joined Fidelity Investments in 1997, Mr. Castagliuolo has served as a research associate and portfolio manager.

Sean Corcoran

Manager

Start Date

Dec 08, 2017

Tenure

0.48

Tenure Rank

21.7%

Since joining Fidelity Investments in 2001, Mr. Corcoran has worked as a research analyst and portfolio manager.

Tenure Analysis

Category Low

0.0

Category High

32.4

Category Average

6.99

Category Mode

0.1

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