Fund Research for Fidelity Ginnie Mae (FGMNX)

  • Fund Overview

    Fund Inception Date: Nov 08, 1985
    Category: Intermediate Government
    Overall Risk: Below Average
    Fund Family: Fidelity Investments
    Return Since Inception: 7.18%
    YTD Return: 8.03%
    Yield (TTM): 4.23%
    Net Assets: 7.21 B
    Morningstar Rating:
    4 of 5
    The investment seeks a high level of current income consistent with prudent investment risk. In seeking current income, it may also consider the potential for capital gain. The fund normally invests at least 80% of the assets in Ginnie Maes and repurchase agreements for Ginnie Maes. FMR may also invest the fund's assets in other U.S. Government securities and instruments related to U.S. Government securities. Certain issuers of U.S. Government securities are sponsored or chartered by Congress but their securities are neither issued nor guaranteed by the U.S. Treasury.

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    Details
    Average Eff Duration 2.1 Yrs
    Average Eff Maturity —
    Average Credit Quality AAA
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/23/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 12/31/1998 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 8.03% 10.43% 7.39% 5.78% 6.01% 7.18%
    +/- Category 2.36% 1.07% 1.83% 1.34% 0.74% —
    +/- Barclays US Aggregate Bond TR USD — — — — 6.31% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 7.01% 12.42% 7.26% 5.58% 6.01% 7.18%
    Quarter (as of 09/30/2009) 6.25% 10.21% 7.24% 5.57% 6.00% 7.17%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/23/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/23/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 11/08/1985
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    US Government 29.74%
    Mortgage 54.69%
    Credit 1.12%
    Foreign 0.00%
    Cash 14.45%
    Bond Quality
    AAA 100.00%
    AA 0.00%
    A 0.00%
    BBB 0.00%
    BB 0.00%
    B 0.00%
    Below B 0.00%
    Not Rated 0.00%

    Asset Allocation

    Short Long Net Assets
    Cash 0.00% 14.45% 14.45%
    Stocks 0.00% 0.00% 0.00%
    Bonds 0.00% 85.55% 85.55%
    Other 0.00% 0.00% 0.00%
    Foreign Stocks
    (as a % of assets)    		 0.00% 0.00% 0.00%
    Data as of 09/30/2009 Data as of 09/30/2009 View Fund Portfolio

    Top 10 Holdings

    Maturity Date Total Holdings Value of Holdings Net Assets
    - GNMA 5.5% 07/15/2033 1.57 B 1.65 B 19.16%
    + GNMA 5% 08/15/2033 1.34 B 1.39 B 16.15%
    - GNMA 6% — 1.18 B 1.26 B 14.57%
    - Overnight Cash/Repurchase Agreements — 1.24 B 1.24 B 14.45%
    + GNMA 4.5% — 1.06 B 1.08 B 12.48%
    + GNMA 6.5% 05/15/2026 874.96 M 934.58 M 10.85%
    - GNMA 4% — 97.27 M 96.44 M 1.12%
    - GINNIE MAE 7% 30 YEAR 01/15/2033 76.37 M 83 M 0.96%
    = GNMA 07/20/2032 44 M 45.93 M 0.53%
    * Fannie Mae 3.294% 30 Year — 43.72 M 44.5 M 0.52%
    + Increase - Decrease = No change * New since last portfolio
    Data as of 09/30/2009
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 10/23/2009
    Expense Ratio (based on net assets) 0.45%
    Taken from annual report dated 07/31/2009

  • Fund Management

    William Irving
    Start Date: 11/01/2004
    Irving is manager of Institutional Short-Intermediate Government Fund, which he has managed since April 2008. He also manages other Fidelity funds. Since joining Fidelity Investments in 1999, Irving has worked as a quantitative analyst and portfolio manager.