FGMNX: Fidelity® GNMA

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FGMNX Fidelity® GNMA

  • Fund
  • FGMNX
  • Price as of: Nov 11, 2019
  • $11.54 - $0.00 - 0.00%

FGMNX - Profile

Vitals

  • YTD Return 3.0%
  • 3 Yr Annualized Return -0.1%
  • 5 Yr Annualized Return -0.1%
  • Net Assets $4.2 B
  • Holdings in Top 10 98.1%

52 WEEK LOW AND HIGH

$11.54
$10.98
$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

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate Government

Distributions

  • YTD Total Return 3.0%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 2.60%
DIVIDENDS
  • Dividend Yield 1.0%
  • 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.

FGMNX - Fund Company Quick Screens

FGMNX - Performance

Return Ranking - Trailing

Period FGMNX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -0.1% 5.2% 60.65%
1 Yr 5.3% -0.8% 12.3% 71.43%
3 Yr -0.1%* -2.0% 2.6% 55.85%
5 Yr -0.1%* -1.5% 3.1% 55.23%
10 Yr 0.0%* -1.1% 3.8% 38.13%

* Annualized


Return Ranking - Calendar

Period FGMNX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.6% -3.4% -0.7% 37.25%
2017 -0.4% -2.3% 0.9% 56.59%
2016 -0.8% -3.3% 1.4% 26.74%
2015 -1.2% -4.5% 0.2% 26.83%
2014 4.0% -1.1% 13.7% 5.00%

Total Return Ranking - Trailing

Period FGMNX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% 0.1% 5.2% 62.50%
1 Yr 5.3% 2.6% 12.3% 77.88%
3 Yr -0.1%* -1.2% 2.6% 68.62%
5 Yr 0.0%* -1.1% 3.1% 57.56%
10 Yr 0.7%* -1.0% 3.8% 48.20%

* Annualized


Total Return Ranking - Calendar

Period FGMNX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.6% -3.4% 3.0% 53.43%
2017 -0.4% -2.0% 2.8% 65.38%
2016 -0.4% -3.3% 1.5% 32.56%
2015 -0.7% -4.5% 2.0% 32.93%
2014 4.0% -1.1% 17.2% 19.38%

NAV & Total Return History

FGMNX - Holdings

Concentration Analysis

FGMNX Category Low Category High FGMNX % Rank
Net Assets 4.2 B 15.5 M 24.2 B 22.48%
Number of Holdings 234 1 15771 72.02%
Net Assets in Top 10 2.85 B 0 8.29 B 9.17%
Weighting of Top 10 98.13% 0.0% 162.8% 7.34%

Top 10 Holdings

  1. Ginnie Mae 3.5% 30 Year 33.05%

  2. Ginnie Mae 3% 30 Year 23.82%

  3. Ginnie Mae 4% 30 Year 20.85%

  4. Ginnie Mae 4.5% 30 Year 7.13%

  5. Ginnie Mae 5% 30 Year 2.94%

  6. Gscm Swap Rec 1.6875 09/17/20 2.27%

  7. Gscm Swap Pay 1.6875 09/17/20 2.25%

  8. Boam Swap Rec 1.65 08/07/24 1.95%

  9. Boam Swap Pay 1.65 08/07/24 1.95%

  10. Jpsw Swap Rec 2.975 07/12/21 1.91%


Asset Allocation

Weighting Return Low Return High FGMNX % Rank
Bonds
96.54% 0.00% 141.24% 49.08%
Cash
3.43% -41.11% 100.00% 50.46%
Other
0.03% -42.68% 14.60% 3.67%
Stocks
0.00% -0.31% 12.88% 49.08%
Preferred Stocks
0.00% 0.00% 0.01% 52.29%
Convertible Bonds
0.00% 0.00% 0.25% 53.21%

Bond Sector Breakdown

Weighting Return Low Return High FGMNX % Rank
Securitized
115.33% 0.00% 148.87% 3.21%
Cash & Equivalents
3.43% -41.10% 100.00% 50.46%
Government
0.04% -21.06% 100.00% 83.49%
Corporate
0.00% 0.00% 10.08% 65.14%
Municipal
0.00% 0.00% 15.57% 61.01%
Derivative
-18.83% -18.83% 0.03% 100.00%

Bond Geographic Breakdown

Weighting Return Low Return High FGMNX % Rank
US
96.54% 0.00% 139.47% 48.62%
Non US
0.00% 0.00% 6.13% 75.69%

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% 81.57%
Management Fee 0.30% 0.00% 0.85% 35.32%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 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 0.25% 2.00% 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.

FGMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 420.00% 0.00% 1450.00% 75.69%

FGMNX - Distributions

Dividend Yield Analysis

FGMNX Category Low Category High FGMNX % Rank
Dividend Yield 0.97% 0.00% 2.71% 48.62%

Dividend Distribution Analysis

FGMNX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

FGMNX Category Low Category High FGMNX % Rank
Net Income Ratio 2.60% 0.11% 3.03% 8.76%

Capital Gain Distribution Analysis

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

FGMNX - Managers

Franco Castagliuolo

Manager

Start Date

Tenure

Tenure Rank

Dec 15, 2009

9.88

9.9%

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


Sean Corcoran

Manager

Start Date

Tenure

Tenure Rank

Dec 08, 2017

1.9

1.9%

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


Tenure Analysis

Category Low

0.02

Category High

29.05

Category Average

7.71

Category Mode

4.76