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FGOVX Fidelity® Government Income

  • Fund
  • FGOVX
  • Price as of: Apr 19, 2018
  • $9.95
  • - $0.02
  • - 0.20%
  • Category
  • Government Bonds

FGOVX - Profile

Vitals

  • YTD Return -2.5%
  • 3 Yr Annualized Return 0.4%
  • 5 Yr Annualized Return 1.0%
  • Net Assets $3.97 B
  • Holdings in Top 10 23.5%

52 WEEK LOW AND HIGH

$9.95
$9.94
$10.38

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.45%

SALES FEES

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

BROKERAGE FEES

  • Turnover 157.00%

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 -2.5%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 1.76%
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 -2.5% -10.6% 6.9% 60.65% 5
1 Yr 0.3% -6.0% 56.6% 35.32% 2
3 Yr 0.4% * -2.2% 4.5% 39.44% 3
5 Yr 1.0% * -1.6% 4.9% 23.99% 2
10 Yr 2.9% * -0.1% 8.5% 31.55% 2

* Annualized


Return Ranking - Calendar

Period FGOVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.4% -6.8% 10.5% 9.60% 1
2016 -1.3% -9.3% 4.2% 43.01% 4
2015 -2.0% -46.1% 19.7% 46.39% 4
2014 3.4% -16.6% 41.3% 13.07% 1
2013 -4.0% -26.8% 6.7% 35.19% 3

Total Return Ranking - Trailing

Period FGOVX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.5% -10.6% 6.9% 60.20% 5
1 Yr 0.3% -8.4% 14.8% 27.25% 2
3 Yr 0.4% * -3.0% 4.3% 32.96% 2
5 Yr 1.0% * -1.8% 4.9% 21.68% 2
10 Yr 2.9% * -0.1% 8.5% 29.34% 2

* Annualized


Total Return Ranking - Calendar

Period FGOVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.4% -6.8% 10.5% 11.26% 1
2016 -0.8% -7.9% 5.6% 46.83% 3
2015 -1.2% -7.8% 19.7% 55.12% 4
2014 3.8% -15.9% 51.5% 26.86% 2
2013 -4.0% -26.7% 7.1% 49.26% 3

NAV & Total Return History

FGOVX - Holdings

Filings data as of: Feb 28, 2018

Concentration Analysis

FGOVX Category Low Category High FGOVX % Rank Quintile
Net Assets 3.97 B 1.2 M 23.5 B 3.21% 1
Number of Holdings 579 6 16438 6.91% 2
Net Assets in Top 10 942 M -213 M 10.1 B 4.44% 1
Weighting of Top 10 23.5% 0.0% 169.0% 35.56% 5

Top 10 Holdings

  1. Ginnie Mae 4.5% 30 Year 3.12%
  2. United States Treasury Bonds 2.875% SNR PIDI BDS 15/08/2045 USD (Bonds 08/4 2.67%
  3. Fannie Mae 3.5% 30 Year 2.63%
  4. Fannie Mae 4% 30 Year 2.39%
  5. Ginnie Mae 3.5% 30 Year 2.38%
  6. Fannie Mae 3% 30 Year 2.38%
  7. United States Treasury Notes 1.875% PIDI NTS 31/07/2022 USD (AB-2022) 2.06%
  8. Israel (State Of) 5.5% SNR PIDI NTS 18/09/2023 USD 2.05%
  9. United States Treasury Notes 2% PIDI NTS 31/12/2021 USD (AG-2021) 1.93%
  10. NCUA Guaranteed Notes Trust 2010-R1 3.45% BDS 12/06/2021 USD 1.88%

Asset Allocation

Weighting Category Low Category High FGOVX % Rank Quintile
Bonds
99.45% 0.00% 156.70% 9.63% 2
Cash
3.30% -56.62% 100.00% 14.81% 2
Stocks
0.00% -1.79% 15.23% 0.99% 4
Preferred Stocks
0.00% 0.00% 0.64% 0.99% 4
Convertible Bonds
0.00% 0.00% 0.05% 0.49% 4
Other
-2.75% -4.22% 9.27% 12.84% 5

Bond Sector Breakdown

Weighting Category Low Category High FGOVX % Rank Quintile
Securitized
60.66% 0.00% 156.88% 15.31% 2
Government
38.77% -65.20% 107.98% 19.01% 3
Cash & Equivalents
3.30% -56.62% 100.00% 15.56% 2
Municipal
0.02% 0.00% 17.53% 5.68% 1
Derivative
0.00% -33.10% 2.51% 1.23% 4
Corporate
-0.01% -0.01% 76.92% 14.81% 5

Bond Geographic Breakdown

Weighting Category Low Category High FGOVX % Rank Quintile
US
94.65% -1.93% 156.70% 21.98% 3
Non US
4.80% 0.00% 93.34% 6.91% 1

FGOVX - Expenses

Operational Fees

FGOVX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.45% 0.04% 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% 0.40% 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 157.00% 0.00% 1536.00% 14.14% 3

FGOVX - Distributions

Dividend Yield Analysis

FGOVX Category Low Category High FGOVX % Rank Quintile
Dividend Yield 0.2% 0.00% 6.24% 35.28% 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 1.76% -3.48% 3.82% 19.26% 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

8.33

Tenure Rank

8.1%

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

0.31

Tenure Rank

22.6%

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

32.2

Category Average

6.94

Category Mode

3.2