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Fidelity® Investment Grade Bond FBNDX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
8.40  /  0.12 %
Total Assets
9.7 Bil
Adj. Expense Ratio
0.450%
Expense Ratio
0.450%
Fee Level
Below Average
Longest Manager Tenure
16.56 years
Category
Intermediate Core Bond
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
0
Status
Open
TTM Yield
1.58%
Effective Duration
5.88 years

USD | NAV as of Jun 23, 2021 | 1-Day Return as of Jun 23, 2021, 9:37 PM GMT+00:00

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Morningstar’s Analysis

Will FBNDX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FBNDX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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The People Pillar is our evaluation of the FBNDX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

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The Parent Pillar is our rating of FBNDX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A core-bond fund willing to make sector calls.

Associate Director

Summary

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Fidelity Investment Grade Bond is supported by experienced managers, robust quant resources, and a sizable cohort of research analysts. With fees considered, the strategy’s cheapest shares earn a Morningstar Analyst Rating of Silver, with Bronze ratings for its next two cheapest share classes and Neutral ratings for its three most-expensive.

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