Fidelity Series Investment Grade Bond Fund (FSIGX)

Fidelity Series Investment Grade Bond Fund (Ticker: FSIGX) is a taxable bond mutual fund. This fixed income fund invests in high quality bonds.

Fidelity Series Investment Grade Bond Fund (FSIGX)

The investment aim of Fidelity Series Investment Grade Bond fund is to achieve high current income level. It uses its assets to purchase investment-grade debt securities. It uses overall interest rate risk to the Barclays Capital U.S. Aggregate Bond Index. This fixed income fund may invest in domestic and foreign issuers. It may invest in lower-quality debt securities or high yield bonds.

Fund Profile
    Fidelity Series Investment Grade Bond Fund
  • Fund Inception Date: Oct 8, 2008
  • Ticker Symbol: FSIGX
  • CUSIP: 316146729
  • Beta (3yr): 0.96
  • Rank in category (YTD): 65%
  • Category: Intermediate-Term Bond
  • Distribution: 2.81%
  • Capital Gains: 0%
  • Expense Ratio: 0.45%
  • Net Assets: $ 24.05 billion
  • Number of Years Up: 3 years
  • Number of Years Down: 0 years
  • Average Duration: 4.9 years
  • Average Maturity: 6.9 years
  • Annual Turnover Rate: 213%
Updated on 12/05/2012

Ford O’Neil is the fund manager since October 2008. As part of the Fidelity Investments, it has total net assets of $24.05 billion. Morningstar rated this Intermediate-Term Bond fund with 3-stars rating. The annual portfolio turnover rate is high, 213% (as of September 17, 2012). It also has annual expense ratio of 0.45%. The fund's shares price is $11.72 (11/12/2012).

The YTD return is 4.90%. The 3-year beta risk is 0.96. This Fidelity fund has average maturity of 6.9 years and average duration of 5 years. Since its inception, this taxable bond fund has always recorded in positive return. The yearly performance of this fund is:
  • Year 2009: 11.33%
  • Year 2010: 7.38%
As of June 2012, the top 5 issuers are United States Treasury, FNMA Gtd Mtg Pass Thru CTF, Fed Home Loan Mortgage Corp – Gold, GNMA Guaranteed Pass Thru Cert and GNMA II. These top issuers represent 63.11% of the total portfolio. This fund has total of 1437 holdings. The top portfolio diversification as of July 2012 is MBS Pass-through (36.4%), US Treasury (26.35%) and Corporate (20.51%).

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According to the fund prospectus, the principal investment risks are interest rate risk, foreign exposure risk, prepayment risk, issuer-specific changes risk, leverage risk, etc.

Disclosure: No Position


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