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Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

Fidelity® GNMA Fund

FGMNX | Fund

$10.32

$2.96 B

3.14%

$0.32

0.45%

Vitals

YTD Return

2.4%

1 yr return

-7.4%

3 Yr Avg Return

-3.7%

5 Yr Avg Return

-1.5%

Net Assets

$2.96 B

Holdings in Top 10

N/A

52 WEEK LOW AND HIGH

$10.2
$9.69
$11.09

Expenses

OPERATING FEES

Expense Ratio 0.45%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

Fidelity® GNMA Fund

FGMNX | Fund

$10.32

$2.96 B

3.14%

$0.32

0.45%

FGMNX - Profile

Distributions

  • YTD Total Return 2.4%
  • 3 Yr Annualized Total Return -3.7%
  • 5 Yr Annualized Total Return -1.5%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 0.83%
DIVIDENDS
  • Dividend Yield 3.1%
  • 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

Normally investing at least 80% of assets in Ginnie Maes and repurchase agreements for Ginnie Maes. Investing in other U.S. Government securities and instruments related to U.S. Government securities. Investing in U.S. Government securities issued by entities that are chartered or sponsored by Congress but whose securities are neither issued nor guaranteed by the U.S. Treasury. Managing the fund to have similar overall interest rate risk to the Bloomberg GNMA Index. Allocating assets across different market sectors and maturities. Analyzing the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments. Engaging in transactions that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default), options, and futures contracts - and forward-settling securities, to adjust the fund's risk exposure.
Read More

FGMNX - Performance

Return Ranking - Trailing

Period FGMNX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -24.0% 1.4% 49.63%
1 Yr -7.4% -20.2% 3.0% 44.61%
3 Yr -3.7%* -9.0% 5.2% 25.39%
5 Yr -1.5%* -5.6% 3.1% 57.20%
10 Yr -1.2%* -7.8% 3.8% 45.50%

* Annualized

Return Ranking - Calendar

Period FGMNX Return Category Return Low Category Return High Rank in Category (%)
2022 -13.0% -22.8% 16.6% 36.33%
2021 -0.9% -18.7% 6.9% 17.49%
2020 0.7% -48.1% 2.9% 61.72%
2019 0.8% -20.9% 1.8% 49.80%
2018 -0.3% -21.9% 0.4% 34.02%

Total Return Ranking - Trailing

Period FGMNX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -24.0% 1.4% 49.63%
1 Yr -7.4% -20.2% 1.7% 44.61%
3 Yr -3.7%* -9.0% 4.2% 25.39%
5 Yr -1.5%* -5.6% 2.4% 58.02%
10 Yr -1.1%* -7.8% 3.7% 55.22%

* Annualized

Total Return Ranking - Calendar

Period FGMNX Return Category Return Low Category Return High Rank in Category (%)
2022 -13.0% -22.8% 16.6% 35.58%
2021 -0.9% -18.7% 6.9% 17.49%
2020 0.7% -48.1% 2.9% 61.72%
2019 0.8% -20.9% 1.8% 49.80%
2018 -0.3% -21.9% 0.4% 47.30%

NAV & Total Return History

FGMNX - Holdings

Concentration Analysis

FGMNX Category Low Category High FGMNX % Rank
Net Assets 2.96 B 10.8 M 21.7 B 30.64%
Number of Holdings 2664 2 14187 5.42%
Net Assets in Top 10 3.19 B -37.3 M 9.54 B 18.33%
Weighting of Top 10 N/A 5.9% 100.0% 1.69%

Top 10 Holdings

  1. Fidelity Revere Str Tr 41.79%
  2. Ginnie Mae 3% 30 Year 35.98%
  3. Ginnie Mae 3% 30 Year 35.98%
  4. Ginnie Mae 3% 30 Year 35.98%
  5. Ginnie Mae 3% 30 Year 35.98%
  6. Ginnie Mae 3% 30 Year 35.98%
  7. Ginnie Mae 3% 30 Year 35.98%
  8. Ginnie Mae 3% 30 Year 35.98%
  9. Ginnie Mae 3% 30 Year 35.98%
  10. Ginnie Mae 3% 30 Year 35.98%

Asset Allocation

Weighting Return Low Return High FGMNX % Rank
Bonds 		115.66% 0.00% 134.21% 7.92%
Stocks 		0.00% 0.00% 100.00% 57.08%
Preferred Stocks 		0.00% 0.00% 0.33% 51.25%
Other 		0.00% -2.77% 29.56% 52.50%
Convertible Bonds 		0.00% 0.00% 3.29% 51.67%
Cash 		-15.66% -34.21% 38.56% 92.50%

Bond Sector Breakdown

Weighting Return Low Return High FGMNX % Rank
Securitized 		72.11% 0.00% 100.00% 33.89%
Cash & Equivalents 		26.44% 0.00% 35.24% 12.97%
Government 		1.44% 0.00% 100.00% 83.26%
Derivative 		0.00% 0.00% 16.13% 53.97%
Corporate 		0.00% 0.00% 57.23% 64.85%
Municipal 		0.00% 0.00% 5.24% 60.25%

Bond Geographic Breakdown

Weighting Return Low Return High FGMNX % Rank
US 		113.53% 0.00% 134.21% 7.92%
Non US 		2.13% 0.00% 100.00% 7.92%

FGMNX - Expenses

Operational Fees

FGMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% 0.03% 1.82% 63.05%
Management Fee 0.30% 0.00% 0.85% 40.43%
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% 4.50% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FGMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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 N/A 3.35% 498.00% 96.65%

FGMNX - Distributions

Dividend Yield Analysis

FGMNX Category Low Category High FGMNX % Rank
Dividend Yield 3.14% 0.00% 12.72% 61.48%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FGMNX Category Low Category High FGMNX % Rank
Net Income Ratio 0.83% -0.80% 2.96% 44.64%

Capital Gain Distribution Analysis

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

Distributions History

View More +

FGMNX - Fund Manager Analysis

Managers

Franco Castagliuolo

Start Date

Tenure

Tenure Rank

Dec 15, 2009

12.47

12.5%

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

4.48

4.5%

Since joined Fidelity Investments in 2001 and has worked as a research analyst and portfolio manager.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 31.64 8.47 7.35

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