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FGOVX Fidelity® Government Income

  • Fund
  • FGOVX
  • Price as of: Oct 19, 2017
  • $10.25
  • + $0.01
  • + 0.10%
  • Category
  • Government Bonds

FGOVX - Profile

Vitals

  • YTD Return 0.8%
  • 3 Yr Annualized Return 1.8%
  • 5 Yr Annualized Return 1.2%
  • Net Assets $4.31 B
  • Holdings in Top 10 23.0%

52 WEEK LOW AND HIGH

$10.25
$10.08
$10.52

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.45%

SALES FEES

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

BROKERAGE FEES

  • Turnover 93.00%

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 0.8%
  • 3 Yr Annualized Total Return 1.8%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 1.59%
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 0.8% -10.6% 9.5% 12.28% 1
1 Yr -1.3% -10.0% 56.6% 70.40% 4
3 Yr 1.8% * -2.2% 6.5% 24.23% 2
5 Yr 1.2% * -2.2% 3.6% 25.72% 2
10 Yr 3.7% * 0.1% 10.0% 21.02% 2

* Annualized


Return Ranking - Calendar

Period FGOVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -1.3% -9.3% 3.1% 43.16% 4
2015 -2.0% -46.1% 4.2% 43.68% 4
2014 3.4% -8.3% 41.3% 13.56% 1
2013 -4.0% -26.8% 3.1% 29.45% 3
2012 -1.8% -24.0% 9.1% 55.15% 5

Total Return Ranking - Trailing

Period FGOVX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.8% -10.6% 9.5% 12.09% 1
1 Yr -1.3% -10.1% 14.8% 51.00% 3
3 Yr 1.8% * -3.0% 6.5% 22.25% 2
5 Yr 1.2% * -2.2% 3.6% 22.54% 2
10 Yr 3.7% * 0.1% 10.0% 19.11% 1

* Annualized


Total Return Ranking - Calendar

Period FGOVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -0.8% -7.9% 3.8% 45.55% 3
2015 -1.2% -7.8% 5.6% 51.93% 4
2014 3.8% -8.8% 51.5% 29.10% 2
2013 -4.0% -26.7% 3.2% 42.82% 3
2012 1.3% -2.0% 16.7% 34.15% 2

NAV & Total Return History

FGOVX - Holdings

Filings data as of: Jul 31, 2017

Concentration Analysis

FGOVX Category Low Category High FGOVX % Rank Quintile
Net Assets 4.31 B 1.2 M 24.9 B 2.96% 1
Number of Holdings 559 6 16698 7.41% 2
Net Assets in Top 10 1.01 B -32.6 M 9.97 B 4.69% 1
Weighting of Top 10 23.0% 0.0% 281.8% 34.57% 5

Top 10 Holdings

  1. US Treasury Note 1.75% 2.74%
  2. US Treasury Note 1.125% 2.66%
  3. Fannie Mae 3% 30 Year 2.63%
  4. US Treasury Bond 2.875% 2.55%
  5. US Treasury Note 2% 2.33%
  6. US Treasury Note 2.125% 2.26%
  7. Fannie Mae 4% 30 Year 2.23%
  8. Israel St 5.5% 1.95%
  9. US Treasury Bond 4.75% 1.87%
  10. Ncua Guarn Nts Tr 2011-M1 3.45% 1.77%

Asset Allocation

Weighting Category Low Category High FGOVX % Rank Quintile
Bonds
98.01% 0.00% 159.28% 16.54% 3
Cash
1.99% -59.47% 100.00% 19.26% 3
Stocks
0.00% -2.13% 15.23% 1.23% 4
Preferred Stocks
0.00% 0.00% 0.64% 0.99% 4
Other
0.00% -1.13% 9.27% 12.10% 5
Convertible Bonds
0.00% 0.00% 0.03% 0.49% 4

Bond Sector Breakdown

Weighting Category Low Category High FGOVX % Rank Quintile
Securitized
49.05% 0.00% 158.98% 19.01% 3
Government
48.92% -27.79% 104.66% 16.79% 2
Cash & Equivalents
1.99% -59.47% 100.00% 20.00% 3
Municipal
0.04% 0.00% 18.07% 5.43% 1
Derivative
0.00% -33.10% 2.19% 0.49% 4
Corporate
0.00% 0.00% 76.92% 15.80% 5

Bond Geographic Breakdown

Weighting Category Low Category High FGOVX % Rank Quintile
US
96.23% -1.93% 159.28% 19.75% 3
Non US
1.78% 0.00% 86.83% 8.89% 2

FGOVX - Expenses

Operational Fees

FGOVX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.45% 0.04% 8.57% 37.53% 1
Management Fee 0.31% 0.00% 0.95% 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% 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 93.00% 0.00% 1536.00% 17.12% 3

FGOVX - Distributions

Dividend Yield Analysis

FGOVX Category Low Category High FGOVX % Rank Quintile
Dividend Yield 0.2% 0.00% 3.47% 35.53% 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 1.59% -3.48% 3.82% 23.21% 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

7.83

Tenure Rank

7.8%

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

10.75

Tenure Rank

4.8%

Since joining Fidelity Investments in 1999, Dr. Irving has worked as a quantitative analyst and portfolio manager.


Tenure Analysis

Category Low

0.0

Category High

31.8

Category Average

6.76

Category Mode

2.8