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FGOVX Fidelity® Government Income

  • Fund
  • FGOVX
  • Price as of: Jan 18, 2019
  • $10.01
  • - $0.02
  • - 0.20%
  • Category
  • Government Bonds

FGOVX - Profile

Vitals

  • YTD Return -0.5%
  • 3 Yr Annualized Return 1.3%
  • 5 Yr Annualized Return 1.9%
  • Net Assets $3.61 B
  • Holdings in Top 10 25.2%

52 WEEK LOW AND HIGH

$10.01
$9.78
$10.13

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.45%

SALES FEES

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

BROKERAGE FEES

  • Turnover 123.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

$2,500

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return -0.5%
  • 3 Yr Annualized Total Return 1.3%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 1.96%
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 -0.5% -11.6% 6.9% 47.12% 4
1 Yr 0.6% -7.4% 56.6% 37.81% 2
3 Yr 1.3% * -2.5% 5.2% 21.35% 2
5 Yr 1.9% * -1.6% 9.2% 19.42% 1
10 Yr 2.4% * -0.2% 6.4% 44.48% 3

* Annualized


Return Ranking - Calendar

Period FGOVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -1.5% -80.0% 10.8% 32.45% 3
2017 0.4% -5.8% 10.5% 9.21% 1
2016 -1.3% -9.3% 19.7% 45.73% 4
2015 -2.0% -46.1% 21.4% 44.32% 4
2014 3.4% -15.6% 41.3% 12.79% 1

Total Return Ranking - Trailing

Period FGOVX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.5% -100.0% 11.2% 46.60% 4
1 Yr 0.6% -8.4% 14.8% 29.25% 2
3 Yr 1.3% * -2.5% 4.9% 18.82% 1
5 Yr 1.9% * -1.6% 9.2% 17.68% 1
10 Yr 2.4% * -0.2% 6.4% 40.69% 3

* Annualized


Total Return Ranking - Calendar

Period FGOVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -1.5% -80.0% 5.6% 34.22% 3
2017 0.4% -5.6% 10.5% 10.35% 1
2016 -0.8% -7.9% 19.7% 49.45% 4
2015 -1.2% -15.9% 21.4% 48.75% 4
2014 3.8% -15.6% 51.5% 26.02% 2

NAV & Total Return History

FGOVX - Holdings

Filings data as of: Nov 30, 2018

Concentration Analysis

FGOVX Category Low Category High FGOVX % Rank Quintile
Net Assets 3.61 B 1.2 M 21.2 B 3.70% 1
Number of Holdings 585 7 15981 6.91% 2
Net Assets in Top 10 918 M -549 M 9.39 B 4.44% 1
Weighting of Top 10 25.2% 0.0% 272.0% 34.32% 5

Top 10 Holdings

  1. Fannie Mae 4% 30 Year 3.74%
  2. Fannie Mae 3.5% 30 Year 2.97%
  3. Fannie Mae 3% 30 Year 2.88%
  4. United States Treasury Bonds 2.88% 2.74%
  5. United States Treasury Notes 1.88% 2.25%
  6. Ginnie Mae 3.5% 30 Year 2.24%
  7. Israel (State Of) 5.5% 2.20%
  8. United States Treasury Notes 2% 2.06%
  9. NCUA Guaranteed Notes Trust 2010-R1 3.45% 2.05%
  10. United States Treasury Notes 2.12% 2.04%

Asset Allocation

Weighting Category Low Category High FGOVX % Rank Quintile
Bonds
98.35% 0.00% 151.70% 15.56% 3
Cash
2.25% -51.58% 100.00% 20.00% 3
Stocks
0.00% -1.79% 15.23% 1.23% 4
Preferred Stocks
0.00% 0.00% 4.84% 1.23% 4
Convertible Bonds
0.00% 0.00% 0.24% 1.23% 4
Other
-0.60% -46.43% 9.27% 11.11% 5

Bond Sector Breakdown

Weighting Category Low Category High FGOVX % Rank Quintile
Securitized
60.04% 0.00% 156.52% 15.56% 2
Government
38.27% -63.58% 100.00% 19.51% 3
Cash & Equivalents
2.25% -51.58% 100.00% 20.49% 3
Municipal
0.04% 0.00% 20.21% 6.17% 1
Derivative
0.00% -33.10% 7.04% 1.98% 4
Corporate
0.00% 0.00% 76.92% 14.57% 5

Bond Geographic Breakdown

Weighting Category Low Category High FGOVX % Rank Quintile
US
93.21% -1.93% 151.05% 25.19% 4
Non US
5.14% 0.00% 99.47% 7.16% 1

FGOVX - Expenses

Operational Fees

FGOVX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.45% 0.00% 8.57% 38.37% 1
Management Fee 0.31% 0.00% 0.95% 7.41% 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

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

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 123.00% 0.00% 1536.00% 15.63% 3

FGOVX - Distributions

Dividend Yield Analysis

FGOVX Category Low Category High FGOVX % Rank Quintile
Dividend Yield 0.2% 0.00% 3.37% 31.11% 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 1.96% -3.48% 4.39% 18.32% 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

9.08

Tenure Rank

7.5%

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

1.06

Tenure Rank

21.0%

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

33.0

Category Average

7.04

Category Mode

4.0