FVIIX: Fidelity® Government Income Fund - MutualFunds.com
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Fidelity Advisor® Government Income I

FVIIX - Snapshot

Vitals

  • YTD Return -3.3%
  • 3 Yr Annualized Return 3.7%
  • 5 Yr Annualized Return 2.1%
  • Net Assets $3.79 B
  • Holdings in Top 10 43.2%

52 WEEK LOW AND HIGH

$10.60
$10.54
$11.30

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.49%

SALES FEES

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

BROKERAGE FEES

  • Turnover 255.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

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

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard GNMA Fund

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$10.66

-0.09%

$26.85 B

1.46%

$0.16

-0.74%

0.21%

iShares MBS ETF

MBB | ETF

$108.38

0.00%

$26.38 B

2.00%

$2.17

-1.59%

0.07%

American Funds U.S. Government Securities Fund®

Fund

$14.01

-0.14%

$21.50 B

0.74%

$0.10

-2.64%

0.65%

Vanguard Mortgage-Backed Securities Index Fund

VMBS | ETF

$53.44

-0.08%

$15.29 B

1.47%

$0.78

-1.17%

0.05%

Vanguard Mortgage-Backed Securities Index Fund

Fund

$21.36

-0.05%

$15.29 B

1.45%

$0.31

-1.20%

0.07%

FVIIX - Profile

Distributions

  • YTD Total Return -3.3%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 2.1%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 1.36%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity® Government Income Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Oct 24, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Franco Castagliuolo

Fund Description

The fund normally invests at least 80% of assets in U.S. government securities and repurchase agreements for those securities. It 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. The fund invests in instruments related to U.S. government securities. It allocates assets across different market sectors and maturities.

FVIIX - Performance

Return Ranking - Trailing

Period FVIIX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.3% -4.9% 10.0% 86.55%
1 Yr -3.5% -5.4% 4.5% 90.50%
3 Yr 3.7%* 1.7% 6.5% 41.84%
5 Yr 2.1%* 0.2% 3.5% 50.00%
10 Yr 2.7%* 0.6% 6.2% 38.36%

* Annualized

Return Ranking - Calendar

Period FVIIX Return Category Return Low Category Return High Rank in Category (%)
2020 4.4% -1.3% 8.8% 29.31%
2019 4.1% -48.1% 7.1% 12.66%
2018 -1.4% -5.4% 0.2% 33.18%
2017 0.3% -2.4% 0.7% 9.55%
2016 -1.3% -9.3% 0.0% 53.68%

Total Return Ranking - Trailing

Period FVIIX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.3% -4.9% 10.0% 86.55%
1 Yr -3.5% -8.5% 4.5% 82.23%
3 Yr 3.7%* 1.1% 6.5% 37.24%
5 Yr 2.1%* 0.0% 3.5% 45.38%
10 Yr 2.7%* 0.6% 6.2% 35.78%

* Annualized

Total Return Ranking - Calendar

Period FVIIX Return Category Return Low Category Return High Rank in Category (%)
2020 4.4% -1.3% 8.8% 29.31%
2019 4.1% 0.3% 7.1% 13.10%
2018 -1.4% -3.4% 2.0% 50.23%
2017 0.3% -2.4% 4.6% 29.65%
2016 -0.5% -9.3% 1.5% 41.05%

NAV & Total Return History

FVIIX - Holdings

Concentration Analysis

FVIIX Category Low Category High FVIIX % Rank
Net Assets 3.79 B 14.6 M 26.9 B 25.93%
Number of Holdings 537 9 15140 43.21%
Net Assets in Top 10 1.71 B 4.87 M 8.88 B 24.69%
Weighting of Top 10 43.16% 8.9% 100.0% 37.55%

Top 10 Holdings

  1. United States Treasury Notes 0.38% 8.65%
  2. United States Treasury Notes 1.12% 6.55%
  3. United States Treasury Notes 0.62% 6.08%
  4. United States Treasury Notes 0.38% 5.95%
  5. United States Treasury Notes 0.5% 5.63%
  6. United States Treasury Notes 0.5% 5.56%
  7. United States Treasury Bonds 1.88% 5.10%
  8. United States Treasury Bonds 1.62% 5.08%
  9. United States Treasury Notes 0.75% 4.38%
  10. Fidelity Revere Str Tr 4.10%

Asset Allocation

Weighting Return Low Return High FVIIX % Rank
Bonds 		95.90% 66.00% 139.17% 46.09%
Cash 		4.10% -41.06% 34.00% 51.03%
Stocks 		0.00% -0.01% 0.52% 8.64%
Preferred Stocks 		0.00% 0.00% 0.00% 7.00%
Other 		0.00% -4.13% 23.20% 20.16%
Convertible Bonds 		0.00% 0.00% 28.04% 10.70%

Bond Sector Breakdown

Weighting Return Low Return High FVIIX % Rank
Government 		68.33% 0.00% 100.00% 13.99%
Securitized 		27.48% 0.00% 99.98% 84.36%
Cash & Equivalents 		3.94% 0.00% 46.98% 69.55%
Corporate 		0.22% 0.00% 27.22% 22.63%
Derivative 		0.03% 0.00% 14.59% 7.41%
Municipal 		0.00% 0.00% 13.53% 29.22%

Bond Geographic Breakdown

Weighting Return Low Return High FVIIX % Rank
US 		95.90% 66.00% 138.14% 43.21%
Non US 		0.00% 0.00% 7.04% 42.39%

FVIIX - Expenses

Operational Fees

FVIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.49% 0.03% 2.63% 70.22%
Management Fee 0.30% 0.00% 0.85% 35.80%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

FVIIX 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

FVIIX 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.

FVIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 255.00% 1.38% 421.00% 79.53%

FVIIX - Distributions

Dividend Yield Analysis

FVIIX Category Low Category High FVIIX % Rank
Dividend Yield 0.00% 0.00% 1.87% 12.35%

Dividend Distribution Analysis

FVIIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

FVIIX Category Low Category High FVIIX % Rank
Net Income Ratio 1.36% -0.46% 3.38% 65.95%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FVIIX - Fund Manager Analysis

Managers

Franco Castagliuolo

Start Date

Tenure

Tenure Rank

Dec 04, 2009

11.33

11.3%

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

3.31

3.3%

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
0.02 30.47 8.52 6.18

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