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Fidelity GNMA Fund (FGMNX)

11.89 0.00(0.00%) May 25


Profile as of Apr 29, 2012Get Profile for:
Fidelity GNMA Fund
Fidelity Income Fund82 Devonshire StreetBoston, MA 02109
Map
Phone: 800-544-6666
Fund Overview 
Category:Intermediate Government
Fund Family:Fidelity Investments
Net Assets:10.16B
Year-to-Date Return:1.23%
Yield:2.96%
Morningstar Rating:4 stars
Fund Inception Date:Nov 7, 1985
Morningstar Style Box 
Intermediate Government
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Management Information 
William Irving
Lead Manager since Oct 31, 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.
Investment Information 
Min Initial Investment:2,500
Min Initial Investment, IRA:500
Min Initial Investment, AIP:2,500
Min Subsequent Investment:N/A
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:200
FGMNX can be purchased from 80 brokerages.

Fund Summary 
The investment seeks a high level of current income. 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 and 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. The fund allocates assets across different market sectors and maturities and seeks to have similar overall interest rate risk to the Barclays Capital® GNMA Index.

Fund Operations 
Last Dividend (Apr 29, 2012) : 0.02
Last Cap Gain : 0.00
Annual Holdings Turnover (May 22, 2012) : 367.00%
Average for Category:269.61%
Fees & Expenses 
ExpenseFGMNXCategory Avg
Annual Report Expense Ratio (net):0.45%0.98%
Prospectus Net Expense Ratio:0.45%N/A
Prospectus Gross Expense Ratio:0.45%N/A
Max 12b1 Fee:N/AN/A
Max Front End Sales Load:N/A3.95%
Max Deferred Sales Load: N/A2.59%
3 Yr Expense Projection*:144455
5 Yr Expense Projection*:252689
10 Yr Expense Projection*:5671,349
* Per $10,000 invested