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An Introduction to Drawdown Risk

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FIPIX Fidelity Advisor® Infl-Prot Bond I

  • Fund
  • FIPIX
  • Price as of: Jun 21, 2017
  • $11.93
  • + $0.01
  • + 0.08%
  • Category
  • Inflation-Protected Bonds

FIPIX - Profile

Vitals

  • YTD Return 0.3%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return -0.2%
  • Net Assets $1.84 B
  • Holdings in Top 10 52.1%

52 WEEK LOW AND HIGH

$11.93
$11.82
$12.43

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.51%

SALES FEES

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

BROKERAGE FEES

  • Turnover 18.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2017-03-31

STANDARD (TAXABLE)

$2,500

IRA

$500

Investment Themes

CATEGORY

Inflation-Protected Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Inflation-Protected Bond

Distributions

  • YTD Total Return 0.3%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.38%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Fidelity® Inflation-Protected Bond Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Oct 02, 2002
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Franco Castagliuolo

Fund Description

The fund normally invests at least 80% of assets in inflation-protected debt securities of all types. It invests primarily in U.S. dollar-denominated inflation-protected debt securities. The fund is managed to have similar overall interest rate risk to the Bloomberg Barclays U.S. Treasury Inflation-Protected Securities (TIPS) Index (Series-L). It allocates assets across different market sectors and maturities. The fund invests in domestic and foreign issuers.

FIPIX - Performance

Return Ranking - Trailing

Period FIPIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.3% -3.4% 7.2% 57.71% 4
1 Yr 2.0% -4.7% 16.5% 51.00% 3
3 Yr 0.6% * -3.0% 3.3% 28.80% 2
5 Yr -0.2% * -4.1% 8.5% 43.79% 3
10 Yr 3.6% * -0.4% 7.5% 47.15% 3

* Annualized


Return Ranking - Calendar

Period FIPIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 2.5% -3.1% 12.1% 46.94% 3
2015 -3.1% -19.2% 1.9% 51.03% 4
2014 0.8% -15.1% 20.3% 32.43% 2
2013 -10.9% -27.3% 3.1% 56.67% 4
2012 4.5% -13.7% 10.0% 21.21% 2

Total Return Ranking - Trailing

Period FIPIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.3% -3.4% 5.4% 57.21% 4
1 Yr 2.0% -8.4% 16.5% 43.50% 3
3 Yr 0.6% * -4.0% 5.8% 28.26% 2
5 Yr -0.2% * -2.0% 8.5% 44.97% 3
10 Yr 3.6% * 0.2% 7.5% 47.97% 3

* Annualized


Total Return Ranking - Calendar

Period FIPIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 2.6% -2.8% 12.1% 52.04% 3
2015 -2.3% -12.9% 3.6% 44.33% 3
2014 3.2% -11.7% 26.1% 16.22% 1
2013 -9.5% -27.7% 21.9% 58.33% 4
2012 6.6% 0.0% 31.4% 36.97% 3

NAV & Total Return History

FIPIX - Holdings

Filings data as of: Apr 30, 2017

Concentration Analysis

FIPIX Category Low Category High FIPIX % Rank Quintile
Net Assets 1.84 B 1.26 M 27.2 B 6.03% 1
Number of Holdings 39 3 1385 19.60% 4
Net Assets in Top 10 969 M -66.1 M 16.4 B 7.04% 2
Weighting of Top 10 52.1% 6.5% 134.8% 18.09% 3

Top 10 Holdings

  1. US Treasury Note 6.70%
  2. US Treasury Bond 5.84%
  3. US Treasury TIP 6.68%
  4. US Treasury Note 5.35%
  5. US Treasury Note 5.18%
  6. US Treasury Bond 4.71%
  7. US Treasury Note 4.70%
  8. US Treasury Bond 4.44%
  9. US Treasury Note 4.33%
  10. US Treasury Note 4.20%

Asset Allocation

Weighting Category Low Category High FIPIX % Rank Quintile
Bonds
100.00% 0.00% 142.92% 2.99% 1
Stocks
0.00% 0.00% 15.85% 4.98% 4
Preferred Stocks
0.00% 0.00% 2.29% 3.02% 4
Other
0.00% -4.23% 13.79% 12.56% 4
Convertible Bonds
0.00% 0.00% 11.36% 3.52% 4
Cash
0.00% -49.23% 40.70% 26.13% 5

Bond Sector Breakdown

Weighting Category Low Category High FIPIX % Rank Quintile
Government
99.99% 0.00% 104.91% 1.51% 1
Derivative
0.00% -21.70% 0.33% 2.01% 3
Cash & Equivalents
0.00% -61.45% 40.70% 25.63% 5
Securitized
0.00% 0.00% 50.72% 16.58% 5
Corporate
0.00% 0.00% 70.89% 18.09% 5
Municipal
0.00% 0.00% 99.64% 5.53% 4

Bond Geographic Breakdown

Weighting Category Low Category High FIPIX % Rank Quintile
US
100.00% 48.35% 141.27% 2.01% 1
Non US
0.00% 0.00% 21.90% 20.60% 5

FIPIX - Expenses

Operational Fees

FIPIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.51% 0.04% 17.48% 47.76% 1
Management Fee 0.31% 0.04% 0.70% 10.95% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.01% 0.35% N/A N/A

Sales Fees

FIPIX Fees (% of AUM) Category Low Category High FIPIX Rank Quintile
Front Load N/A 2.25% 4.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

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

FIPIX Fees (% of AUM) Category Low Category High FIPIX Rank Quintile
Turnover 18.00% 0.00% 611.00% 22.61% 1

FIPIX - Distributions

Dividend Yield Analysis

FIPIX Category Low Category High FIPIX % Rank Quintile
Dividend Yield 0.0% 0.00% 0.93% 66.49% 5

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FIPIX Category Low Category High FIPIX % Rank Quintile
Net Income Ratio 2.38% -1.31% 5.87% 12.94% 1

Capital Gain Distribution Analysis

FIPIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

FIPIX - Managers

Franco Castagliuolo

Manager

Start Date

Mar 01, 2012

Tenure

5.25

Tenure Rank

10.0%

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


William Irving

Lead Manager

Start Date

Nov 01, 2004

Tenure

12.59

Tenure Rank

1.1%

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


Tenure Analysis

Category Low

0.2

Category High

21.0

Category Average

5.96

Category Mode

0.3