Fidelity Total Bond Fund
A diversified core fund that employs a total return approach, considering both income and capital appreciation potential.
Gold Analyst Rating for Fidelity Total Bond Fund (FTBFX)
Morningstar's highest level of conviction as of 10/3/17†
This fund seeks a high level of current income and can be used as a core bond investment by investors with a long-term perspective. Fund manager Ford O'Neil and his co-managers run the fund as a "bond multivitamin," a core holding that offers exposure to a broad range of fixed income assets.
The fund has offered:
- Broad exposure to government and investment-grade corporate bonds
- Opportunistic high-yield investments
- A track record of competitive total returns
Fidelity Total Bond Fund Average Annual Total Returns as of 6/30/18
|1 Yr||3 Yrs||5 Yrs||10 Yrs||Expense ratio|
|Fidelity® Total Bond Fund||0.13%||2.55%||2.99%||4.71%||0.45%|
|BBgBarc U.S. Agg Bond Index||-0.40%||1.72%||2.27%||3.72%||–|
|BBgBarc U.S. Universal Bond Index||-0.28%||2.12%||2.63%||4.07%||–|
|Morningstar Intermediate-Term Bond||-0.75%||0.67%||1.38%||2.89%||–|
|Rank in Morningstar Category||20%||8%||13%||16%||–|
|# of Funds in Morningstar Category||999||878||778||563||–|
Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so investors may have a gain or loss when shares are sold. Current performance may be higher or lower than what is quoted. See the most recent month-end performance
Fidelity fund manager insights
2016 Morningstar Manager of the Year Award Winner
Each year Morningstar® names Fund Managers of the Year for four asset class categories. Ford O'Neil and team (Matthew Conti, Jeffrey Moore, CFA, and Michael Foggin) were selected as 2016 U.S. Fixed-Income Fund Manager of the Year for Fidelity Total Bond Fund (FTBFX).
According to Morningstar, this prestigious award recognizes portfolio managers who demonstrate excellent investment skill and the courage to differ from the consensus to benefit investors. To qualify for the award, managers' funds must demonstrate:
- Impressive performance in 2016: the Fund beat 96% of its Morningstar Intermediate-Term peers, ranking in the 4th percentile of 985 funds in the category for 2016
- Excellent long-term risk-adjusted returns
- Interests aligned with shareholders
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