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Fidelity Conservative Income Bond Fund
mutual fund
FCNVX
Payout Change
Pending
Price as of:
$10.07
+0.0
+0.0%
primary theme
U.S. Ultrashort Bond Duration
share class
FCNVX (Mutual Fund)
Fidelity Conservative Income Bond Fund
Payout Change
Pending
Price as of:
$10.07
+0.0
+0.0%
primary theme
U.S. Ultrashort Bond Duration
share class
FCNVX (Mutual Fund)
Fidelity Conservative Income Bond Fund
Payout Change
Pending
Price as of:
$10.07
+0.0
+0.0%
primary theme
U.S. Ultrashort Bond Duration
share class
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
5.5%
1 yr return
5.6%
3 Yr Avg Return
4.0%
5 Yr Avg Return
2.7%
Net Assets
$6.52 B
Holdings in Top 10
33.6%
52 WEEK LOW AND HIGH
$10.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.30%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 62.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FCNVX - Profile
Distributions
- YTD Total Return 5.5%
- 3 Yr Annualized Total Return 4.0%
- 5 Yr Annualized Total Return 2.7%
- Capital Gain Distribution Frequency None
- Net Income Ratio 0.39%
- Dividend Yield 4.7%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFidelity Conservative Income Bond Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateMar 10, 2011
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert Galusza
Fund Description
Normally investing at least 80% of assets in U.S. dollar-denominated money market and high quality investment-grade debt securities of all types, and repurchase agreements for those securities. Potentially entering into reverse repurchase agreements. Managing the fund to have similar overall interest rate risk to the Bloomberg U.S. 3-6 Month Treasury Bill Index. Normally maintaining a dollar-weighted average maturity of one year or less. Normally investing in securities with a maximum maturity of four years. Allocating assets across different market sectors and maturities. Investing more than 25% of total assets in the financial services industries. Investing in domestic and foreign issuers. Analyzing the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments.
Read More
FCNVX - Performance
Return Ranking - Trailing
| Period | FCNVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.5% | -0.8% | 8.5% | 60.38% |
| 1 Yr | 5.6% | -0.5% | 8.6% | 61.79% |
| 3 Yr | 4.0%* | -1.2% | 5.7% | 21.95% |
| 5 Yr | 2.7%* | -1.0% | 4.4% | 36.32% |
| 10 Yr | 2.1%* | -4.1% | 27.9% | 47.93% |
* Annualized
Return Ranking - Calendar
| Period | FCNVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.7% | -2.3% | 4.3% | 69.34% |
| 2022 | -0.4% | -6.5% | 0.5% | 8.29% |
| 2021 | -0.3% | -2.1% | 0.3% | 34.67% |
| 2020 | 0.1% | -3.1% | 1.8% | 66.49% |
| 2019 | 0.5% | -1.2% | 6.1% | 49.72% |
Total Return Ranking - Trailing
| Period | FCNVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.5% | -0.8% | 8.5% | 60.38% |
| 1 Yr | 5.6% | -0.5% | 8.6% | 61.79% |
| 3 Yr | 4.0%* | -1.2% | 5.7% | 21.95% |
| 5 Yr | 2.7%* | -1.0% | 4.4% | 36.32% |
| 10 Yr | 2.1%* | -4.1% | 27.9% | 47.93% |
* Annualized
Total Return Ranking - Calendar
| Period | FCNVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.7% | 0.8% | 12.1% | 56.13% |
| 2022 | 0.9% | -5.1% | 2.5% | 17.07% |
| 2021 | 0.0% | -2.1% | 14.5% | 58.29% |
| 2020 | 1.3% | -1.0% | 3.6% | 69.63% |
| 2019 | 3.2% | 0.3% | 9.6% | 39.23% |
NAV & Total Return History
FCNVX - Holdings
Concentration Analysis
| FCNVX | Category Low | Category High | FCNVX % Rank | |
|---|---|---|---|---|
| Net Assets | 6.52 B | 26.6 K | 28.6 B | 17.45% |
| Number of Holdings | 270 | 2 | 1258 | 47.17% |
| Net Assets in Top 10 | 2.07 B | 27.7 K | 22.7 B | 8.49% |
| Weighting of Top 10 | 33.58% | 6.3% | 159.6% | 26.42% |
Top 10 Holdings
- Fidelity Cash Central Fund 14.59%
- UST BILLS 0% 09/12/2024 6.49%
- UST BILLS 0% 01/02/2025 4.62%
- UST NOTES 4.125% 01/31/2025 4.07%
- UST NOTES 4.75% 07/31/2025 1.40%
- ATHENE GLOBAL FUNDING FRN SFRIX+71.5 01/07/2025 144A 0.51%
- UST NOTES 4.25% 01/31/2026 0.50%
- GOLDMAN SACHS GROUP INC (THE) 5.7% 11/01/2024 0.49%
- DOLLAR GEN CORP NEW 4.25% 09/20/2024 0.46%
- SVENSKA HANDELSBANKEN AB YCP .0561 09/18/2024 0.46%
Asset Allocation
| Weighting | Return Low | Return High | FCNVX % Rank | |
|---|---|---|---|---|
| Bonds | 85.17% | 0.00% | 129.63% | 37.26% |
| Cash | 14.83% | 0.00% | 112.72% | 24.06% |
| Convertible Bonds | 8.20% | 0.00% | 15.25% | 11.85% |
| Stocks | 0.00% | 0.00% | 97.16% | 31.60% |
| Preferred Stocks | 0.00% | 0.00% | 1.02% | 18.40% |
| Other | 0.00% | -13.48% | 99.96% | 77.36% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FCNVX % Rank | |
|---|---|---|---|---|
| Corporate | 55.60% | 0.00% | 99.91% | 19.43% |
| Cash & Equivalents | 14.59% | 0.00% | 112.72% | 22.17% |
| Government | 3.23% | 0.00% | 100.00% | 43.60% |
| Derivative | 0.00% | -13.48% | 16.56% | 30.66% |
| Securitized | 0.00% | 0.00% | 100.00% | 84.36% |
| Municipal | 0.00% | 0.00% | 70.39% | 54.03% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FCNVX % Rank | |
|---|---|---|---|---|
| US | 85.17% | 0.00% | 129.63% | 35.85% |
| Non US | 0.00% | 0.00% | 20.18% | 27.83% |
FCNVX - Expenses
Operational Fees
| FCNVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.30% | 0.08% | 29.63% | 79.43% |
| Management Fee | 0.20% | 0.00% | 1.19% | 24.53% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| FCNVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.50% | 5.75% | N/A |
| Deferred Load | N/A | 0.25% | 1.00% | N/A |
Trading Fees
| FCNVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FCNVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 62.00% | 0.00% | 336.00% | 40.45% |
FCNVX - Distributions
Dividend Yield Analysis
| FCNVX | Category Low | Category High | FCNVX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.72% | 0.00% | 8.76% | 23.58% |
Dividend Distribution Analysis
| FCNVX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Monthly | Monthly |
Net Income Ratio Analysis
| FCNVX | Category Low | Category High | FCNVX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.39% | -1.30% | 14.86% | 60.78% |
Capital Gain Distribution Analysis
| FCNVX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | None | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 30, 2024 | $0.040 | OrdinaryDividend |
| Oct 31, 2024 | $0.042 | OrdinaryDividend |
| Oct 11, 2024 | $0.005 | CapitalGainLongTerm |
| Sep 30, 2024 | $0.042 | OrdinaryDividend |
| Aug 31, 2024 | $0.044 | OrdinaryDividend |
| Jul 31, 2024 | $0.045 | OrdinaryDividend |
| Jun 30, 2024 | $0.043 | OrdinaryDividend |
| Apr 30, 2024 | $0.043 | OrdinaryDividend |
| Mar 31, 2024 | $0.045 | OrdinaryDividend |
| Feb 29, 2024 | $0.042 | OrdinaryDividend |
| Jan 31, 2024 | $0.045 | OrdinaryDividend |
| Dec 31, 2023 | $0.045 | OrdinaryDividend |
| Nov 30, 2023 | $0.044 | OrdinaryDividend |
| Oct 31, 2023 | $0.045 | OrdinaryDividend |
| Sep 29, 2023 | $0.043 | OrdinaryDividend |
| Aug 31, 2023 | $0.044 | OrdinaryDividend |
| Jul 31, 2023 | $0.043 | OrdinaryDividend |
| Jun 30, 2023 | $0.041 | OrdinaryDividend |
| May 31, 2023 | $0.042 | OrdinaryDividend |
| Apr 30, 2023 | $0.041 | OrdinaryDividend |
| Mar 31, 2023 | $0.040 | OrdinaryDividend |
| Feb 28, 2023 | $0.035 | OrdinaryDividend |
| Jan 31, 2023 | $0.037 | OrdinaryDividend |
| Dec 31, 2022 | $0.034 | OrdinaryDividend |
| Nov 30, 2022 | $0.030 | OrdinaryDividend |
| Oct 31, 2022 | $0.026 | OrdinaryDividend |
| Sep 30, 2022 | $0.020 | OrdinaryDividend |
| Aug 31, 2022 | $0.019 | OrdinaryDividend |
| Jul 31, 2022 | $0.013 | OrdinaryDividend |
| Jun 30, 2022 | $0.008 | OrdinaryDividend |
| May 31, 2022 | $0.006 | OrdinaryDividend |
| Apr 29, 2022 | $0.003 | OrdinaryDividend |
| Mar 31, 2022 | $0.002 | OrdinaryDividend |
| Feb 28, 2022 | $0.002 | OrdinaryDividend |
| Jan 31, 2022 | $0.002 | OrdinaryDividend |
| Dec 31, 2021 | $0.002 | OrdinaryDividend |
| Nov 30, 2021 | $0.002 | OrdinaryDividend |
| Oct 29, 2021 | $0.002 | OrdinaryDividend |
| Oct 08, 2021 | $0.002 | CapitalGainLongTerm |
| Sep 30, 2021 | $0.002 | OrdinaryDividend |
| Aug 31, 2021 | $0.002 | OrdinaryDividend |
| Jul 30, 2021 | $0.002 | OrdinaryDividend |
| Jun 30, 2021 | $0.002 | OrdinaryDividend |
| May 28, 2021 | $0.002 | OrdinaryDividend |
| Apr 30, 2021 | $0.003 | OrdinaryDividend |
| Mar 31, 2021 | $0.003 | OrdinaryDividend |
| Feb 26, 2021 | $0.003 | OrdinaryDividend |
| Jan 29, 2021 | $0.004 | OrdinaryDividend |
| Dec 31, 2020 | $0.004 | OrdinaryDividend |
| Nov 30, 2020 | $0.004 | OrdinaryDividend |
| Oct 30, 2020 | $0.004 | OrdinaryDividend |
| Sep 30, 2020 | $0.005 | OrdinaryDividend |
| Sep 15, 2020 | $0.002 | CapitalGainShortTerm |
| Aug 31, 2020 | $0.005 | OrdinaryDividend |
| Jul 31, 2020 | $0.006 | OrdinaryDividend |
| Jun 30, 2020 | $0.007 | OrdinaryDividend |
| May 29, 2020 | $0.009 | OrdinaryDividend |
| Apr 30, 2020 | $0.012 | OrdinaryDividend |
| Mar 31, 2020 | $0.014 | OrdinaryDividend |
| Feb 28, 2020 | $0.015 | OrdinaryDividend |
| Jan 31, 2020 | $0.016 | OrdinaryDividend |
| Dec 31, 2019 | $0.017 | OrdinaryDividend |
| Nov 29, 2019 | $0.017 | OrdinaryDividend |
| Oct 31, 2019 | $0.019 | OrdinaryDividend |
| Sep 30, 2019 | $0.019 | OrdinaryDividend |
| Aug 30, 2019 | $0.020 | OrdinaryDividend |
| Jul 31, 2019 | $0.022 | OrdinaryDividend |
| Jun 28, 2019 | $0.021 | OrdinaryDividend |
| Dec 27, 2018 | $0.001 | ExtraDividend |
| Oct 14, 2016 | $0.002 | CapitalGainShortTerm |
| Dec 18, 2015 | $0.001 | CapitalGainLongTerm |
| Oct 13, 2014 | $0.002 | CapitalGainShortTerm |
| Oct 14, 2013 | $0.002 | CapitalGainShortTerm |
| Oct 14, 2013 | $0.001 | CapitalGainLongTerm |
| Dec 26, 2012 | $0.004 | CapitalGainShortTerm |
FCNVX - Fund Manager Analysis
Managers
Robert Galusza
Start Date
Tenure
Tenure Rank
Nov 12, 2015
6.55
6.6%
Rob Galusza is a portfolio manager in the Fixed Income division at Fidelity Management & Research Company (FMR Co.), the investment advisor for Fidelity’s family of mutual funds. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and other financial products and services to more than 20 million individuals, institutions and financial intermediaries. Before joining Fidelity in 1987, Mr. Galusza was an international underwriter at Chubb and Son Inc. In this capacity, he performed risk analysis on international corporations. He has been in the insu rance and investments industries since 1985. Mr. Galusza earned his bachelor of science degree in finance, with concentrations in investments and marketing, from Babson College and his master of science in finance degree from Boston College’s Carroll School of Management.
Julian Potenza
Start Date
Tenure
Tenure Rank
Oct 30, 2017
4.59
4.6%
Julian Potenza is a portfolio manager in the Fixed Income division at Fidelity Management & Research Company (FMR Co.), the investment advisor for Fidelity’s family of mutual funds. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and other financial products and services to more than 20 million individuals, institutions and financial intermediaries. Prior to joining Fidelity in 2007, Mr. Potenza was a credit analyst at Investors Bank and Trust. He has been in the investment industry since 2003. Mr. Potenza earned his bachelor of science degree in finance and economics from the Carroll School of Management at Boston College. He is also a CFA charterholder.
Maura Walsh
Start Date
Tenure
Tenure Rank
Oct 30, 2018
3.59
3.6%
Since joining Fidelity Investments in 1995, Ms. Walsh has worked as a trader and portfolio manager.
David DeBiase
Start Date
Tenure
Tenure Rank
Oct 30, 2020
1.58
1.6%
Dave DeBiase is a portfolio manager in the Fixed Income division at Fidelity Management & Research Company (FMR Co.), the investment advisor for Fidelity’s family of mutual funds. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and other financial products and services to more than 20 million individuals, institutions and financial intermediaries. Since joining Fidelity Investments in 2006, Mr. DeBiase has worked as a trader and portfolio manager. Before joining Fidelity in 2006, he worked as a senior structured products analyst at Standish Mellon Asset Management. He has been in the investment industry since 2000. Mr. DeBiase earned his bachelor of business science degree in accounting from Bentley College and his master of business administration degree from Boston College. He is also a CFA charterholder and a board member of the Hamilton Wenham Edfund, which provides grants to promote educational excellence within the Hamilton Wenham school district.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 32.44 | 6.52 | 7.92 |
