Fidelity� GNMA Fund

 (MUTF:FGMNX)   Watch this mutual fund  
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Performance

Trailing returns

1 day
   
-0.26%  
1 week
   
-0.14%  
4 week
   
-0.19%  
3 month   +0.70%
   
YTD   +1.18%
   
1 year   +0.26%
   
3 years*   +2.00%
   
5 years*   +1.65%
   
*annualized
Best 3 month return+5.21%  
Worst 3 month return-3.62%  

Morningstar statistics

Morningstar category: Intermediate Government
  Return Risk Rating
3 years Above Average Below Average
5 years Above Average Average
10 years High Average
Overall High Average

Key statistics

Total assets5.24B 
Front load-  
Deferred load-  
Expense ratio0.45%  
Management fee-  
Fund familyFidelity Investments 

Asset allocation

Cash0.73%  
Stocks0.00%  
Bonds99.27%  
Other0.00%  

Purchase information

Initial$2,500  
IRA Initial$2,500  
11.43-0.03(-0.26%)
Jul 24, 8:00PM EDT Overall Morningstar RatingTM

Description

The investment seeks a high level of current income consistent with prudent investment risk. 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 Barclays� GNMA Index.
Fund filings (PDF) »
Asset managers:
Franco Castagliuolo (Started: Dec 15, 2009)
William Irving (Started: Nov 1, 2004)
Advisor Company:
Fidelity Management & Research Company
Fund family reports on Morningstar »
Fidelity Investments, 483 Bay Street, Boston, MA 02109, USA
1-800-387-8092 (Fax)

Risk

  1 year 3 years 5 years 10 years  
Alpha* -0.17 0.45 0.12 1.19
Beta* 0.56 0.51 0.71 0.70
Mean annual return -0.01 0.15 0.15 0.37
R-squared* 83.73 75.55 73.29 73.84
Standard deviation 1.84 1.69 2.38 2.70
Sharpe ratio -0.35 0.93 0.66 1.49
* Against standard index

Top 10 holdings

Security Net Assets  
GNMA 3.5% 29.92%  
Ginnie Mae 3% 30 Year 25.51%  
GNMA 4% 11.62%  
GNMA 4.5% 6.13%  
Ginnie Mae 5% 30 Year 2.74%  
GNMA CMO 4% 1.24%  
GNMA CMO 2.5% 1.23%  
GNMA CMO 1.12%  
Ginnie Mae 2.5% 30 Year 0.99%  
GNMA CMO 3% 0.80%