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FTBFX Fidelity® Total Bond

  • Fund
  • FTBFX
  • Price as of: Dec 09, 2016
  • $10.49
  • - $0.04
  • - 0.38%
  • Category
  • Total Bond Market

FTBFX - Profile

Vitals

  • YTD Return 2.2%
  • 3 Yr Annualized Return 3.3%
  • 5 Yr Annualized Return 3.4%
  • Net Assets $25.5 B
  • Holdings in Top 10 25.8%

52 WEEK LOW AND HIGH

$10.49
$10.22
$10.89

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.45%

SALES FEES

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

BROKERAGE FEES

  • Turnover 134.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate-Term Bond

Distributions

  • YTD Total Return 2.4%
  • 3 Yr Annualized Total Return 3.3%
  • 5 Yr Annualized Total Return 3.4%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 3.25%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Fidelity Advisor® Total Bond Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Oct 15, 2002
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Michael Foggin

Fund Description

The Fidelity Total Bond Fund (FTBFX) is considered a core-plus bond fund that focuses on the intermediate duration segment of the market. The fund seeks to outperform the Barclays U.S. Universal Bond Index by shifting its holdings around to eke out additional gains and income. The fund is actively managed and invests in Treasuries, U.S. corporate bonds, and high-yield and emerging-market debt.

Expenses for FTBFX are considered low. As a core-plus bond fund, investors will sleep well at night with this as their main bond holding.

FTBFX - Performance

Return Ranking - Trailing

Period FTBFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.2% -11.3% 201.5% 14.77% 1
1 Yr 4.2% -12.6% 13.8% 14.29% 1
3 Yr 3.3% * -5.9% 8.2% 10.32% 1
5 Yr 3.4% * -3.1% 13.6% 23.44% 2
10 Yr 4.8% * -2.2% 9.5% 17.01% 1

* Annualized


Return Ranking - Calendar

Period FTBFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.9% -33.0% 3.0% 47.02% 4
2014 2.3% -9.3% 14.9% 18.70% 2
2013 -4.7% -24.1% 40.4% 49.46% 4
2012 0.3% -100.0% 18.7% 60.42% 5
2011 1.9% -20.6% 15.5% 22.38% 2

Total Return Ranking - Trailing

Period FTBFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.4% -9.9% 204.3% 22.85% 2
1 Yr 4.2% -12.6% 16.3% 11.06% 1
3 Yr 3.3% * -7.2% 8.2% 9.09% 1
5 Yr 3.4% * -3.9% 13.6% 20.84% 2
10 Yr 4.8% * -2.2% 9.5% 16.35% 1

* Annualized


Total Return Ranking - Calendar

Period FTBFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.4% -32.5% 4.5% 59.47% 5
2014 2.6% -8.3% 16.8% 35.24% 3
2013 -3.7% -12.9% 58.5% 56.62% 4
2012 3.7% -100.0% 35.2% 46.67% 3
2011 3.8% -20.7% 18.1% 29.71% 2

NAV & Total Return History

FTBFX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

FTBFX Category Low Category High FTBFX % Rank Quintile
Net Assets 25.5 B 319 K 176 B 1.22% 1
Number of Holdings 1647 1 17569 2.54% 1
Net Assets in Top 10 5.9 B -36 B 36.7 B 0.97% 1
Weighting of Top 10 25.8% 0.0% 1167.9% 16.84% 3

Top 10 Holdings

  1. US Treasury Note 1.25% 5.15%
  2. US Treasury Note 1.25% 3.08%
  3. Fannie Mae 3.5% 30 Year 2.70%
  4. US Treasury Note 1.75% 2.68%
  5. Fannie Mae 4% 30 Year 2.48%
  6. US Treasury Note 1.375% 2.13%
  7. US Treasury Note 1.625% 2.03%
  8. Fannie Mae 3% 30 Year 1.92%
  9. US Treasury Note 1.5% 1.81%
  10. US Treasury Note 1.81%

Asset Allocation

Weighting Category Low Category High FTBFX % Rank Quintile
Bonds
91.60% -175.98% 1241.14% 16.79% 3
Cash
8.21% -1141.94% 275.92% 10.07% 2
Convertible Bonds
0.11% 0.00% 12.73% 5.09% 2
Preferred Stocks
0.08% -0.45% 17.66% 7.12% 2
Other
0.00% -30.13% 98.36% 13.73% 5
Stocks
0.00% -3.27% 98.55% 6.00% 4

Bond Sector Breakdown

Weighting Category Low Category High FTBFX % Rank Quintile
Corporate
40.64% 0.00% 221.70% 13.17% 3
Government
30.22% -389.49% 1167.69% 8.70% 2
Securitized
18.88% 0.00% 105.84% 22.33% 4
Cash & Equivalents
9.14% -1141.94% 416.01% 9.16% 2
Municipal
1.99% 0.00% 98.41% 6.82% 1
Derivative
-1.02% -513.07% 38.63% 4.22% 5

Bond Geographic Breakdown

Weighting Category Low Category High FTBFX % Rank Quintile
US
79.94% -370.09% 982.00% 15.82% 3
Non US
11.66% -45.82% 351.70% 15.82% 3

FTBFX - Expenses

Operational Fees

FTBFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.45% 0.00% 42.51% 12.37% 1
Management Fee 0.31% 0.00% 2.15% 3.36% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.63% N/A N/A

Sales Fees

FTBFX Fees (% of AUM) Category Low Category High FTBFX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

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

FTBFX Fees (% of AUM) Category Low Category High FTBFX Rank Quintile
Turnover 134.00% 0.00% 1856.00% 8.24% 4

FTBFX - Distributions

Dividend Yield Analysis

FTBFX Category Low Category High FTBFX % Rank Quintile
Dividend Yield 0.3% 0.00% 1.30% 12.39% 2

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FTBFX Category Low Category High FTBFX % Rank Quintile
Net Income Ratio 3.25% -1.76% 17.13% 7.68% 1

Capital Gain Distribution Analysis

FTBFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Daily Annually

FTBFX - Managers

Michael Foggin

Manager

Start Date

Oct 30, 2014

Tenure

2.09

Tenure Rank

7.6%

Michael Foggin is a portfolio manager at Fidelity Institutional Asset Management (FIAM), an investment organization within Fidelity Investments’ asset management division that is dedicated to serving the needs of consultants and institutional investors, such as defined benefit and defined contribution plans, endowments and financial advisors. In this role, he manages the Global and International Credit Portfolios as part of the Global Fixed Income Team. Prior to joining Fidelity in July 2012, Mr. Foggin was a Fixed Income portfolio manager at Schroders from 2006 to 2012. Previously he worked at Caxton Asset Management Limited from 2004 to 2006. He has been in the investments industry since 2001. Mr. Foggin earned his bachelor of science degree in physics from Manchester University


Ford E. O'Neil

Lead Manager

Start Date

Dec 01, 2004

Tenure

12.01

Tenure Rank

2.1%

Ford O’Neil is a portfolio manager in the Fixed Income division at Fidelity Management & Research Company, the investment advisor for Fidelity’s family of mutual funds. In this role, he manages various retail and institutional taxable bond funds/portfolios. Prior to assuming his current position in August 1992, Ford worked as an analyst in Asset Management. Ford earned his Bachelor of Arts in government from Harvard College and his MBA from The Wharton School at the University of Pennsylvania.


Matthew Conti

Manager

Start Date

Aug 17, 2007

Tenure

9.3

Tenure Rank

3.1%

Mr. Conti joined Fidelity in 1995. He has covered high yield bond investments in various industries, including telecommunications, cable, autos, and retailing. Mr. Conti holds a BSc and MSc in mechanical engineering and an MBA from the Columbia Business School.


Jeffrey Moore

Manager

Start Date

Jun 15, 2012

Tenure

4.46

Tenure Rank

5.8%

Jeffrey Moore is a portfolio manager in the Fixed Income division at Pyramis Global Advisors, a Fidelity Investments company. In this role, he manages investment-grade portfolios across retail and institutional assets, including the Fidelity Investment Grade Bond Fund. Jeff joined the firm as an analyst in 1995 and began managing portfolios in 2000. He also was a fixed income analyst assigned to several sectors including sovereign debt, energy, REITs, Yankee banks, and Canada. Prior to joining the firm, he was a credit analyst following Canadian provincial, municipal, and government debt.


Tenure Analysis

Category Low

0.0

Category High

27.9

Category Average

6.12

Category Mode

1.9