Fidelity Series Inflation-Protected Bond Index Fund (FSIPX)

Fidelity Series Inflation-Protected Bond Index (FSIPX) is a taxable bond mutual fund. It focuses on United States Treasury market especially the inflation protected sector.

Fidelity Series Inflation-Protected Bond Index Fund (FSIPX)

Fidelity Series Inflation-Protected Bond Index Fund objective is seeking to provide investment results that correspond to the total return of the inflation-protected sector of the United States Treasury market. The mutual fund utilizes its assets to purchase inflation-protected debt securities included in the Barclays U.S. 1-10 Year Treasury Inflation-Protected Securities (TIPS) Index. It may use leverage, swaps and futures contracts, and forward-settling securities, to adjust the fund’s risk exposure.

Fund Profile
Fidelity Series Inflation-Protected Bond Index Fund - FSIPX
Fidelity Funds
  • Fund Inception Date: September 28, 2009
  • Ticker Symbol: FSIPX
  • CUSIP: 316146661
  • Beta (3yr): 0.55
  • Rank in category (YTD): 13%
  • Category: Inflation-Protected Bond
  • Yield: 0.05%
  • Capital Gains: 0%
  • Expense Ratio: 0.20%
  • Net Assets: $ 8.4 billion
  • Number of Years Up: 3 years
  • Number of Years Down: 0 years
  • Average maturity: 5.5 years
  • Average duration: 3.5 years
  • Annual Turnover Rate: 29%
Updated on August 10, 2013

Curt Hollingsworth and Alan Bembenek are the fund managers. As part of Fidelity fund family, it has large total assets of $8.4 billion. The annual expense ratio is 0.20%. The dividend distributed is very small with 0.05%. As of March 26, 2013, the annual holdings turnover is 29.00%. The average for the category is 76.63%.

Top Fidelity Mutual Funds 2013

Morningstar has ranked this inflation protected bond mutual fund with 2-stars rating. As of April 10, 2013, the fund has a year-to-date return of 0.70%. The fund has always returned in positive return since its inception in 2009. The annual fund performance is as below:
  • Year 2012: 4.77%
  • Year 2011: 8.63%
  • Year 2010: 5.06%
This taxable bond fund has 22 total holdings as of December 2012. However, the top issuer is United States Portfolio with 99.51% of the total portfolio. The fund is 100.00% invested in United States.

According to the fund’s website, there are some principal investment risks, such as interest rate changes, prepayment, issuer-specific changes, correlation to index, leverage risk and investing for inflation protection.

Disclosure: No Position


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