FGMNX: Fidelity® GNMA

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FGMNX Fidelity® GNMA

  • Fund
  • FGMNX
  • Price as of: Jan 17, 2020
  • $11.55
    - $0.01 - 0.09%

Profile

FGMNX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 0.4%
  • 5 Yr Annualized Return -0.2%
  • Net Assets $4.32 B
  • Holdings in Top 10 79.3%

52 WEEK LOW AND HIGH

$11.55
$11.20
$11.58

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.45%

SALES FEES

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

BROKERAGE FEES

  • Turnover 420.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA $2,500

Fund Classification


Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 2.60%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity® GNMA Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Nov 08, 1985
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Franco Castagliuolo

Fund Description

The Fidelity GNMA Fund (FGMNX) is an actively managed fund within the fixed-income sector. FGMNX hones its portfolio towards Ginnie Mae bonds, pass-through securities and repurchase agreements for Ginnie Mae bonds. Ginnie Mae bonds are U.S. 100%-backed government mortgage bonds issued through various housing authorities and agencies in the United States. The fund seeks to use credit analysis to outperform its benchmark.

With its low costs and relatively low risk and high yield, FGMNX is a great subcore position in a broad fixed-income portfolio. The fund is internally managed by Fidelity.


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Categories

Fund Company Quick Screens

FGMNX - Fund Company Quick Screens


Performance

FGMNX - Performance

Return Ranking - Trailing

Period FGMNX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.7% 95.05%
1 Yr 3.1% 0.4% 7.2% 77.61%
3 Yr 0.4%* -0.8% 3.5% 69.01%
5 Yr -0.2%* -1.9% 2.6% 32.05%
10 Yr 0.1%* -2.1% 3.9% 43.88%

* Annualized

Return Ranking - Calendar

Period FGMNX Return Category Return Low Category Return High Rank in Category (%)
2019 3.1% -0.4% 4.9% 66.50%
2018 -1.6% -3.4% -0.7% 31.38%
2017 -0.4% -2.3% 0.9% 52.98%
2016 -0.8% -3.3% 1.4% 20.25%
2015 -1.2% -4.5% 0.2% 19.21%

Total Return Ranking - Trailing

Period FGMNX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.7% 95.05%
1 Yr 3.1% -0.4% 7.2% 74.63%
3 Yr 0.4%* -0.8% 3.5% 75.44%
5 Yr 0.0%* -1.9% 2.6% 46.15%
10 Yr 0.8%* -2.1% 3.9% 49.64%

* Annualized

Total Return Ranking - Calendar

Period FGMNX Return Category Return Low Category Return High Rank in Category (%)
2019 3.1% -0.2% 4.9% 68.00%
2018 -1.6% -3.4% 3.0% 48.94%
2017 -0.4% -2.0% 2.8% 62.50%
2016 -0.4% -3.3% 1.5% 31.65%
2015 -0.7% -4.5% 2.0% 25.83%

NAV & Total Return History


Holdings

FGMNX - Holdings

Concentration Analysis

FGMNX Category Low Category High FGMNX % Rank
Net Assets 4.32 B 1.61 M 24.4 B 15.84%
Number of Holdings 232 2 15786 69.31%
Net Assets in Top 10 3.26 B 0 8.37 B 9.90%
Weighting of Top 10 79.27% 0.0% 200.8% 11.88%

Top 10 Holdings

  1. Ginnie Mae 3.5% 30 Year 28.80%
  2. Ginnie Mae 4% 30 Year 19.31%
  3. Ginnie Mae 3% 30 Year 16.85%
  4. Ginnie Mae 4.5% 30 Year 5.50%
  5. Ginnie Mae 5% 30 Year 2.64%
  6. Gscm Swap Pay 1.487 10/02/20 1.61%
  7. Gscm Swap Rec 1.487 10/02/20 1.58%
  8. Ginnie Mae 3% 1.01%
  9. Government National Mortgage Association 2.5% 0.99%
  10. Government National Mortgage Association 4% 0.97%

Asset Allocation

Weighting Return Low Return High FGMNX % Rank
Bonds
92.47% 0.00% 141.12% 66.34%
Cash
7.50% -43.12% 100.00% 34.16%
Other
0.03% -36.86% 2.01% 7.92%
Stocks
0.00% 0.00% 13.51% 59.41%
Preferred Stocks
0.00% 0.00% 0.01% 58.42%
Convertible Bonds
0.00% 0.00% 0.25% 59.41%

Bond Sector Breakdown

Weighting Return Low Return High FGMNX % Rank
Securitized
92.53% 0.00% 118.57% 13.86%
Cash & Equivalents
7.19% -28.81% 100.00% 38.12%
Derivative
0.27% -0.01% 10.53% 5.94%
Government
0.01% 0.00% 100.00% 95.05%
Corporate
0.00% 0.00% 10.08% 74.26%
Municipal
0.00% 0.00% 14.98% 65.35%

Bond Geographic Breakdown

Weighting Return Low Return High FGMNX % Rank
US
92.47% 0.00% 139.33% 62.38%
Non US
0.00% 0.00% 20.69% 70.79%

Expenses

FGMNX - Expenses

Operational Fees

FGMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% 0.00% 3.79% 81.68%
Management Fee 0.30% 0.00% 0.85% 30.69%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

FGMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FGMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

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.

FGMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 420.00% 0.00% 1482.00% 82.18%

Distributions

FGMNX - Distributions

Dividend Yield Analysis

FGMNX Category Low Category High FGMNX % Rank
Dividend Yield 0.63% 0.00% 2.68% 42.57%

Dividend Distribution Analysis

FGMNX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

FGMNX Category Low Category High FGMNX % Rank
Net Income Ratio 2.60% 0.34% 3.03% 13.37%

Capital Gain Distribution Analysis

FGMNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

FGMNX - Fund Manager Analysis

Managers

Franco Castagliuolo


Start Date

Tenure

Tenure Rank

Dec 15, 2009

10.05

10.1%

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

Sean Corcoran


Start Date

Tenure

Tenure Rank

Dec 08, 2017

2.06

2.1%

Since joining Fidelity Investments in 2001, Mr. Corcoran has worked as a research analyst and portfolio manager.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.19 29.22 8.01 4.93