Fund Mojo help you discover the best fund managers, funds, and related information

Fund Intelligence | Best Managers | FGMNX Insights | FGMNX Score | FGMNX Performance | FGMNX News | FGMNX Allocation | FGMNX Holdings Change

Fidelity GNMA (FGMNX) Fund Ranking and Research

Ranking, Research and Recommendation of Fidelity GNMA (FGMNX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of Fidelity GNMA Fund (FGMNX) ManagerFund Manager - William Irving

Fund Manager Information

Fund Manager Tenure: 15.1 years
Fund Family: Fidelity Investments
Fund Category: Intermediate Government
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A (Score: 0.73)     (What does this score mean?)
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.  Get more insights on William Irving

 

Graph of Fidelity GNMA Fund (FGMNX) ProfileFidelity GNMA Fund (FGMNX) Profile

Fund Profile and Description

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

 

Fidelity GNMA (FGMNX) Fund Strength What we like about Fidelity GNMA (FGMNX) Fund

Data for Fidelity GNMA Fund (FGMNX) as of May 30, 2016

  • Fidelity GNMA Fund (FGMNX) management has been with Fidelity GNMA Fund for 15.1 years
  • Fidelity GNMA Fund (FGMNX) has good short-term performance (1-year return 2.24% vs 1.80% Intermediate Government category median performance)
  • Fidelity GNMA Fund (FGMNX) has good mid-term performance (3-year return 2.78% vs 1.94% Intermediate Government category median performance)
  • Fidelity GNMA Fund (FGMNX) has good Long-term performance (5-year return 2.88% vs 2.25% Intermediate Government category median performance)
  • Fidelity GNMA Fund (FGMNX) ratio of up-years vs down years is greater than 2
  • Fidelity GNMA Fund (FGMNX) has a Morningstar rating of 4 and above
  • Asset base in Fidelity GNMA Fund (FGMNX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Fidelity GNMA Fund (FGMNX) is less volatile than its peers as it has a 3-year Standard Deviation of 2.49, lower than category average of 2.61
  • Fidelity GNMA Fund (FGMNX) has a lower expense ratio than its Intermediate Government average: 0.45% vs 0.89%
  • Fidelity GNMA Fund (FGMNX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Fidelity GNMA Fund (FGMNX) Weakness What we are cautious about Fidelity GNMA (FGMNX) Fund

Data for Fidelity GNMA Fund (FGMNX) as of May 30, 2016

  • Fidelity GNMA Fund (FGMNX) has an annual stock turnover rate of 450.00% that is higher than the Intermediate Government average of 225.56%. This could mean Fidelity GNMA is more nimble, but also signal potential high tax impact and high trading fees
See Fidelity GNMA Fund (FGMNX) performance details as of May 30, 2016

 

What do you think?

 

Compare Fidelity GNMA Fund (FGMNX)Compare with other top Intermediate Government category mutual funds

Aadditional top Intermediate Government mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Fidelity GNMA2.002.242.782.88
BlackRock GNMA Instl (BGNIX)2.032.372.652.94Compare
Federated Mortgage Instl (FGFIX)2.822.772.802.65Compare
AMG Managers Intermediate Duration Govt (MGIDX)2.052.013.202.89Compare

See top fund managers for Intermediate Government Category Funds

 

Compare Fidelity GNMA Fund (FGMNX)Compare with Intermediate Government category ETFs

Some Intermediate Government ETFs for your consideration

ETFYear to DateOne YearThree Year
SPDR Barclays Intermediate Term Trs ETF (ITE)1.45%1.93%1.54%
iShares 3-7 Year Treasury Bond (IEI)000
iShares Agency Bond (AGZ)000
Schwab Intermediate-Term US Trs ETF (SCHR)000
Vanguard Intermediate-Term Govt Bd ETF (VGIT)000

 

Graph of Fidelity GNMA Fund (FGMNX) Net Asset TrackingFidelity GNMA (FGMNX) Fund Net Asset

Track net asset change of Fidelity GNMA fund (FGMNX)

DateNet Asset
05/2016$6.27B
03/2016$6.22B
02/2016$6.13B
More historic net asset information on Fidelity GNMA Fund (FGMNX)

  

Graph of Fidelity GNMA Fund (FGMNX) Portfolio TrackingFidelity GNMA (FGMNX) Fund Portfolio Allocation

Track portfolio allocation change of Fidelity GNMA fund (FGMNX)

DateCashStockBondOther
04/20160%0%100%0%
02/20162.58%0%97.42%0%
01/20160.73%0%99.27%0%
Click here to see more historic asset allocation information on Fidelity GNMA Fund (FGMNX)

 

graph of Fidelity GNMA Fund (FGMNX) Top 10 Position TrackingTop 10 Holdings in Fidelity GNMA (FGMNX) Fund

Discover what Fidelity GNMA Fund (FGMNX) manager is buying

Apr 29, 2016
GNMA 3.5% [31.69%]
GNMA 4% [17.9%]
Ginnie Mae 3% 30 Year [16.94%]
GNMA 4.5% [8.32%]
GNMA 5% [2.85%]
GNMA CMO 2.5% [1.23%]
GNMA CMO [1.07%]
GNMA 5.5% [1.06%]
Ginnie Mae 2.5% 30 Year [1%]
GNMA CMO 3% [0.85%]

Feb 28, 2016
GNMA 3.5% [29.65%]
GNMA 4% [17.35%]
Ginnie Mae 3% 30 Year [16.92%]
GNMA 4.5% [8.33%]
GNMA 5% [2.85%]
GNMA CMO 2.5% [1.21%]
GNMA 5.5% [1.07%]
GNMA CMO [1.06%]
Ginnie Mae 2.5% 30 Year [0.97%]
GNMA CMO 3% [0.86%]

Jan 30, 2016
GNMA 3.5% [28.95%]
GNMA 4% [17.81%]
Ginnie Mae 3% 30 Year [17.21%]
GNMA 4.5% [8.88%]
GNMA 5% [3.01%]
GNMA CMO 2.5% [1.27%]
GNMA 5.5% [1.13%]
GNMA CMO [1.1%]
Ginnie Mae 2.5% 30 Year [1.02%]
Gnma 3% 01/01/40 [0.89%]
Click here for Stock Holding Change Map in Fidelity GNMA Fund (FGMNX)

  

Latest News on Fidelity GNMA (FGMNX) Fund

See what is happening with Fidelity GNMA Fund (FGMNX)

 

Fidelity GNMA Fund (FGMNX) Related ResourcesSee more information on Fidelity GNMA (FGMNX) Fund

Popular pages on Fidelity GNMA (FGMNX) Fund

  

Fund Mojo Newsletter

Fund Mojo on Facebook Follow FundMojo on Twitter Fund Update