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FGOVX Fidelity® Government Income

  • Fund
  • FGOVX
  • Price as of: Aug 08, 2016
  • $10.64
  • - $0.01
  • - 0.09%
  • Category
  • Government Bonds

FGOVX - Profile

Vitals

  • YTD Return 3.3%
  • 3 Yr Annualized Return 3.5%
  • 5 Yr Annualized Return 2.9%
  • Net Assets $4.93 B
  • Holdings in Top 10 24.9%

52 WEEK LOW AND HIGH

$10.64
$10.28
$10.75

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.45%

SALES FEES

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

BROKERAGE FEES

  • Turnover 83.00%

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 3.3%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 2.9%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 1.51%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Fidelity® Government Income Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Apr 04, 1979
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Franco Castagliuolo

FGOVX - Performance

Return Ranking - Trailing

Period FGOVX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.3% -10.6% 21.8% 12.81% 1
1 Yr 4.5% -5.9% 26.2% 15.80% 1
3 Yr 3.5% * -2.2% 18.2% 14.66% 1
5 Yr 2.9% * -1.6% 16.1% 13.33% 1
10 Yr 4.6% * 0.1% 10.0% 17.52% 1

* Annualized


Return Ranking - Calendar

Period FGOVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -2.0% -51.0% 2.4% 47.08% 4
2014 N/A 0.0% 3.8% N/A N/A
2013 N/A -4.5% -4.5% N/A N/A
2012 N/A -1.4% -1.4% N/A N/A
2011 N/A 3.1% 3.1% N/A N/A

Total Return Ranking - Trailing

Period FGOVX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.3% -10.6% 21.8% 12.94% 1
1 Yr 4.5% -8.4% 26.2% 14.07% 1
3 Yr 3.5% * -3.0% 18.2% 14.66% 1
5 Yr 2.9% * -1.8% 16.1% 13.04% 1
10 Yr 4.6% * 0.1% 10.0% 15.61% 1

* Annualized


Total Return Ranking - Calendar

Period FGOVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -2.0% -51.0% 2.4% 47.06% 4
2014 N/A 3.8% 3.8% N/A N/A
2013 N/A -4.4% -4.4% N/A N/A
2012 N/A -0.4% -0.4% N/A N/A
2011 N/A 4.4% 4.4% N/A N/A

NAV & Total Return History

FGOVX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

FGOVX Category Low Category High FGOVX % Rank Quintile
Net Assets 4.93 B 1.08 M 26.9 B 2.22% 1
Number of Holdings 532 7 18919 8.15% 2
Net Assets in Top 10 1.3 B -6.56 M 13.6 B 3.46% 1
Weighting of Top 10 24.9% 0.0% 147.5% 30.37% 4

Top 10 Holdings

  1. Fannie Mae 3.5% 30 Year 4.59%
  2. US Treasury Note 0.01% 2.82%
  3. US Treasury Bond 2.875% 2.57%
  4. Fannie Mae 3% 30 Year 2.50%
  5. US Treasury Note 1.75% 2.38%
  6. Fannie Mae 4% 30 Year 2.21%
  7. US Treasury Bond 4.375% 2.14%
  8. GNMA 3.5% 1.90%
  9. US Treasury Note 1.25% 1.89%
  10. US Treasury Note 0.875% 1.86%

Asset Allocation

Weighting Category Low Category High FGOVX % Rank Quintile
Bonds
96.58% 0.00% 159.24% 14.07% 3
Cash
3.42% -59.71% 100.12% 19.01% 3
Other
0.00% -1.43% 6.46% 9.63% 4
Convertible Bonds
0.00% 0.00% 0.02% 0.49% 4
Preferred Stocks
0.00% 0.00% 0.64% 1.23% 4
Stocks
0.00% 0.00% 15.23% 1.98% 4

Bond Sector Breakdown

Weighting Category Low Category High FGOVX % Rank Quintile
Government
51.45% -24.63% 106.10% 14.81% 2
Securitized
45.05% 0.00% 149.40% 18.77% 3
Cash & Equivalents
3.42% -59.71% 100.12% 20.00% 3
Corporate
0.08% 0.00% 76.92% 14.32% 3
Municipal
0.00% 0.00% 17.61% 6.42% 4
Derivative
0.00% -33.10% 1.46% 0.49% 4

Bond Geographic Breakdown

Weighting Category Low Category High FGOVX % Rank Quintile
US
95.29% 0.00% 159.24% 15.31% 3
Non US
1.29% 0.00% 87.73% 6.91% 2

FGOVX - Expenses

Operational Fees

FGOVX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.45% 0.06% 17.30% 36.79% 1
Management Fee 0.31% 0.00% 1.50% 8.40% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.40% N/A N/A

Sales Fees

FGOVX Fees (% of AUM) Category Low Category High FGOVX Rank Quintile
Front Load N/A 0.40% 5.75% N/A N/A
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

FGOVX Fees (% of AUM) Category Low Category High FGOVX 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.

FGOVX Fees (% of AUM) Category Low Category High FGOVX Rank Quintile
Turnover 83.00% 0.00% 1609.00% 16.63% 3

FGOVX - Distributions

Dividend Yield Analysis

FGOVX Category Low Category High FGOVX % Rank Quintile
Dividend Yield 0.2% 0.00% 3.47% 34.77% 3

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FGOVX Category Low Category High FGOVX % Rank Quintile
Net Income Ratio 1.51% -3.48% 3.64% 22.22% 2

Capital Gain Distribution Analysis

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

FGOVX - Managers

Franco Castagliuolo

Manager

Start Date

Dec 04, 2009

Tenure

6.66

Tenure Rank

8.4%

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


William Irving

Lead Manager

Start Date

Jan 02, 2007

Tenure

9.58

Tenure Rank

4.9%

Irving is manager of Institutional Short-Intermediate Government Fund, which he has managed since April 2008. He also manages other Fidelity funds. Since joining Fidelity Investments in 1999, Irving has worked as a quantitative analyst and portfolio manager.


Tenure Analysis

Category Low

0.0

Category High

30.6

Category Average

6.23

Category Mode

1.6