Fidelity Total Bond Fund

A core fixed income fund for investors seeking income and a measure of protection from stock market volatility.

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Gold Analyst Rating for Fidelity Total Bond Fund (FTBFX)

Morningstar's highest level of commendation as of September 7, 20181

Fidelity® Total Bond Fund (FTBFX)

The fund seeks income from a broad selection of fixed income securities, with a core exposure to investment-grade bonds. This diverse allocation may help the fund add value in a variety of markets.

  • A focus on high quality—Invests at least 80% of assets in investment-grade bonds
  • Enhanced return potential—Invests up to 20% of assets in below-investment-grade securities
  • Balances return potential against risk—Co-managers seek to provide a conservative experience in line with an investor's expectation of a core bond fund

Investors may either invest in the Fidelity® Total Bond Fund (FTBFX) or in the Fidelity® Total Bond ETF (FBND).

A track record of competitive returns

Average annual total returns as of 3/31/19

1 yr 3 yrs 5 yrs 10 yrs Gross expense ratio
Fidelity® Total Bond Fund 4.40% 3.27% 3.16% 5.52% 0.45%
BBgBarc US Agg Bond Index 4.48% 2.03% 2.74% 3.77%
BBgBarc US Universal Bond Index 4.53% 2.65% 3.00% 4.36%
Morningstar Intermediate-Term Bond 3.98% 2.37% 2.51% 4.56%
Rank in Morningstar Category 31% 13% 12% 18%
# of Funds in Morningstar Category 1,024 901 769 564

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

total_bond-fund-video-thumb Hear Portfolio Manager Ford O'Neil discuss Fidelity's Total Bond Fund, and his investment process.

Watch the video (8:52)

2016 Morningstar Manager of the Year Award Winner

Each year Morningstar® names Fund Managers of the Year for 4 asset class categories. Ford O'Neil and team (Matthew Conti,2 Jeffrey Moore, CFA, and Michael Foggin) were selected as 2016 US 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

Fidelity Viewpoints®

Our Viewpoints articles provide perspective from Fidelity on the markets and economy, investing, and personal finance.

  • Short-duration funds

    Your outlook on risk and interest rates influence your investing strategy.
  • Earn more on your cash

    You may be able to earn more income than a savings account.
  • Rising rates

    Consider 4 reasons that slowly rising rates should not worry bond investors.