FGMNX: Fidelity® GNMA Fund - MutualFunds.com

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Fidelity® GNMA

FGMNX - Snapshot

Vitals

  • YTD Return 2.1%
  • 3 Yr Annualized Return 3.2%
  • 5 Yr Annualized Return 2.6%
  • Net Assets $4.36 B
  • Holdings in Top 10 83.7%

52 WEEK LOW AND HIGH

$11.79
$11.43
$11.85

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.45%

SALES FEES

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

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Compare FGMNX to Popular Intermediate-Term U.S. Treasury Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$10.72

0.00%

$27.01 B

1.96%

$0.21

1.61%

0.21%

iShares MBS ETF

MBB | ETF

$110.17

+0.01%

$23.83 B

2.20%

$2.42

1.95%

0.07%

$14.96

+0.13%

$20.00 B

1.13%

$0.17

8.41%

0.65%

-

-

$15.06 B

-

-

6.94%

0.15%

$54.12

0.00%

$13.38 B

2.04%

$1.10

1.79%

0.05%

FGMNX - Profile

Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return 3.2%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 1.96%
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
  • Manager
    Franco Castagliuolo

Fund Description

The fund normally invests at least 80% of assets in Ginnie Maes and repurchase agreements for Ginnie Maes. It invests in other U.S. government securities and instruments related to U.S. government securities. The fund invests 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. It seeks to have similar overall interest rate risk to the Bloomberg Barclays GNMA Index.


FGMNX - Performance

Return Ranking - Trailing

Period FGMNX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -0.5% 8.7% 71.06%
1 Yr 3.6% 1.1% 9.0% 73.64%
3 Yr 3.2%* 1.9% 5.6% 69.62%
5 Yr 2.6%* 1.2% 4.0% 54.04%
10 Yr 2.8%* 0.6% 5.1% 23.94%

* Annualized

Return Ranking - Calendar

Period FGMNX Return Category Return Low Category Return High Rank in Category (%)
2019 3.1% -48.1% 7.1% 60.34%
2018 -1.6% -5.4% 0.2% 36.82%
2017 -0.4% -2.4% 0.9% 56.44%
2016 -0.8% -9.3% 1.4% 25.39%
2015 -1.2% -4.5% 3.3% 32.61%

Total Return Ranking - Trailing

Period FGMNX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -0.5% 8.7% 71.06%
1 Yr 3.6% -2.5% 9.0% 62.34%
3 Yr 3.2%* 1.1% 5.6% 61.18%
5 Yr 2.6%* 0.8% 4.0% 46.38%
10 Yr 2.8%* 0.6% 5.1% 23.00%

* Annualized

Total Return Ranking - Calendar

Period FGMNX Return Category Return Low Category Return High Rank in Category (%)
2019 3.1% 0.3% 7.1% 62.50%
2018 -1.6% -3.4% 2.0% 53.64%
2017 -0.4% -2.4% 4.6% 66.83%
2016 -0.4% -9.3% 1.5% 32.64%
2015 -0.7% -4.5% 3.3% 38.04%

NAV & Total Return History


FGMNX - Holdings

Concentration Analysis

FGMNX Category Low Category High FGMNX % Rank
Net Assets 4.36 B 15.7 M 27 B 23.65%
Number of Holdings 240 10 15289 70.12%
Net Assets in Top 10 4.02 B 3.11 M 10.5 B 9.96%
Weighting of Top 10 83.66% 9.3% 100.0% 4.41%

Top 10 Holdings

  1. Ginnie Mae 3.5% 30 Year 24.65%
  2. Ginnie Mae 3.5% 30 Year 24.65%
  3. Ginnie Mae 3.5% 30 Year 24.65%
  4. Ginnie Mae 3.5% 30 Year 24.65%
  5. Ginnie Mae 3.5% 30 Year 24.65%
  6. Ginnie Mae 3.5% 30 Year 24.65%
  7. Ginnie Mae 3.5% 30 Year 24.65%
  8. Ginnie Mae 3.5% 30 Year 24.65%
  9. Ginnie Mae 3.5% 30 Year 24.65%
  10. Ginnie Mae 3.5% 30 Year 24.65%

Asset Allocation

Weighting Return Low Return High FGMNX % Rank
Bonds
82.45% 52.55% 135.78% 93.78%
Cash
17.55% -36.24% 34.17% 5.39%
Stocks
0.00% -0.01% 11.87% 47.72%
Preferred Stocks
0.00% 0.00% 0.46% 49.38%
Other
0.00% -0.86% 21.32% 51.87%
Convertible Bonds
0.00% 0.00% 23.24% 49.79%

Bond Sector Breakdown

Weighting Return Low Return High FGMNX % Rank
Securitized
82.29% 0.00% 100.00% 22.82%
Cash & Equivalents
16.38% 0.00% 38.62% 25.73%
Government
1.19% 0.00% 100.00% 70.95%
Derivative
0.14% 0.00% 8.89% 2.49%
Corporate
0.00% 0.00% 22.68% 60.17%
Municipal
0.00% 0.00% 14.60% 61.00%

Bond Geographic Breakdown

Weighting Return Low Return High FGMNX % Rank
US
82.45% 49.70% 134.60% 93.78%
Non US
0.00% 0.00% 5.20% 66.80%

FGMNX - Expenses

Operational Fees

FGMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% 0.03% 2.72% 75.77%
Management Fee 0.30% 0.00% 0.85% 38.59%
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% 5.50% 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 5.07% 421.00% 96.65%

FGMNX - Distributions

Dividend Yield Analysis

FGMNX Category Low Category High FGMNX % Rank
Dividend Yield 0.00% 0.00% 2.63% 51.45%

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 1.96% 0.14% 3.60% 48.09%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FGMNX - Fund Manager Analysis

Managers

Franco Castagliuolo


Start Date

Tenure

Tenure Rank

Dec 15, 2009

10.88

10.9%

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

2.9

2.9%

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
0.08 30.05 8.17 5.77