|Expense Ratio (net)||0.45%|
|Morningstar Risk Rating||★★★★|
|Last Cap Gain||0.00|
|Inception Date||Oct 15, 2002|
|Average for Category||N/A|
CHICAGO, Jan. 25, 2017 /PRNewswire/ -- Morningstar, Inc. (MORN), a leading provider of independent investment research, today announced its 2016 U.S. Fund Manager of the Year award winners. The awards, to be featured on CNBC's "Power Lunch" program today, acknowledge managers who delivered impressive performance in 2016, have generated excellent long-term risk-adjusted returns, and have been good stewards of fund shareholders' capital. To recognize outstanding fund managers, Morningstar selected leaders in four categories: domestic stock, international stock, fixed income, and allocation/alternatives.
Fidelity Total Bond (FTBFX) invests the majority of its assets in debt securities of all types and repurchase agreements for those securities