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FGMNX Fidelity® GNMA

  • Fund
  • FGMNX
  • Price as of: Apr 24, 2019
  • $11.34 + $0.01 + 0.09%
  • Category
  • Government Bonds

FGMNX - Profile

Vitals

  • YTD Return 1.3%
  • 3 Yr Annualized Return -0.8%
  • 5 Yr Annualized Return -0.2%
  • Net Assets $4.09 B
  • Holdings in Top 10 101.0%

52 WEEK LOW AND HIGH

$11.34
$10.92
$11.38

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.45%

SALES FEES

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

BROKERAGE FEES

  • Turnover 252.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

$2,500

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 1.3%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 2.28%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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

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 - Performance

Return Ranking - Trailing

Period FGMNX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -0.7% 9.7% 16.55%
1 Yr 2.6% -80.0% 4.2% 13.41%
3 Yr -0.8%* -41.5% 2.1% 18.12%
5 Yr -0.2%* -35.5% 49.9% 9.82%
10 Yr 0.0%* -14.9% 4.3% 11.93%

* Annualized


Return Ranking - Calendar

Period FGMNX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.6% -80.0% 0.1% 40.58%
2017 -0.4% -2.9% 10.1% 45.65%
2016 -0.8% -9.3% 2.5% 37.32%
2015 -1.2% -46.1% 0.2% 35.87%
2014 4.0% -88.9% 41.3% 10.00%

Total Return Ranking - Trailing

Period FGMNX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -0.7% 9.7% 22.89%
1 Yr 2.6% -80.0% 5.8% 25.36%
3 Yr -0.7%* -41.5% 4.2% 34.78%
5 Yr 0.0%* -34.7% 52.7% 32.00%
10 Yr 0.7%* -14.9% 8.4% 24.77%

* Annualized


Total Return Ranking - Calendar

Period FGMNX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.6% -80.0% 3.0% 54.35%
2017 -0.4% -2.2% 10.1% 57.25%
2016 -0.4% -9.3% 5.1% 44.93%
2015 -0.7% -46.1% 3.9% 35.14%
2014 4.0% -88.9% 41.3% 22.22%

NAV & Total Return History

FGMNX - Holdings

Concentration Analysis

FGMNX Category Low Category High FGMNX % Rank
Net Assets 4.09 B 1.21 M 21.8 B 11.93%
Number of Holdings 235 7 16088 57.39%
Net Assets in Top 10 2.31 B -147 M 7.5 B 8.80%
Weighting of Top 10 101.02% 8.3% 263.1% 6.69%

Top 10 Holdings

  1. Ginnie Mae 3.5% 30 Year 31.17%

  2. Ginnie Mae 3.5% 30 Year 31.17%

  3. Ginnie Mae 3.5% 30 Year 31.17%

  4. Ginnie Mae 3.5% 30 Year 31.17%

  5. Ginnie Mae 3.5% 30 Year 31.17%

  6. Ginnie Mae 3.5% 30 Year 31.17%

  7. Ginnie Mae 3.5% 30 Year 31.17%

  8. Ginnie Mae 3.5% 30 Year 31.17%

  9. Ginnie Mae 3.5% 30 Year 30.23%

  10. Ginnie Mae 3% 30 Year 22.63%


Asset Allocation

Weighting Return Low Return High FGMNX % Rank
Bonds
119.88% 0.00% 164.73% 4.23%
Cash
1.02% -64.77% 74.13% 63.38%
Stocks
0.00% -0.03% 92.50% 98.59%
Preferred Stocks
0.00% 0.00% 5.17% 99.65%
Convertible Bonds
0.00% 0.00% 0.59% 99.65%
Other
-20.91% -49.09% 6.45% 99.65%

Bond Sector Breakdown

Weighting Return Low Return High FGMNX % Rank
Securitized
119.86% 0.00% 169.23% 5.99%
Cash & Equivalents
1.02% -64.77% 74.13% 65.49%
Government
0.03% -57.17% 100.00% 83.10%
Derivative
0.00% -4.54% 6.08% 90.49%
Corporate
0.00% 0.00% 68.18% 100.00%
Municipal
0.00% 0.00% 19.22% 100.00%

Bond Geographic Breakdown

Weighting Return Low Return High FGMNX % Rank
US
119.88% 0.00% 164.09% 4.23%
Non US
0.00% -2.84% 24.31% 98.94%

FGMNX - Expenses

Operational Fees

FGMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% 0.00% 2.25% 84.04%
Management Fee 0.31% 0.00% 0.80% 32.63%
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 0.40% 4.75% N/A
Deferred Load N/A 0.50% 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 252.00% 0.00% 1450.00% 76.87%

FGMNX - Distributions

Dividend Yield Analysis

FGMNX Category Low Category High FGMNX % Rank
Dividend Yield 0.02% 0.00% 0.26% 60.35%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FGMNX Category Low Category High FGMNX % Rank
Net Income Ratio 2.28% 0.05% 4.39% 22.70%

Capital Gain Distribution Analysis

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

FGMNX - Managers

Tenure Analysis

Category Low

0.03

Category High

33.27

Category Average

7.47

Category Mode

0.08