Mutual Fund Insights: Fidelity Ginnie Mae Fund (FGMNX)

In-depth Analysis of Fidelity Ginnie Mae Fund (FGMNX)

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See Fidelity Ginnie Mae Fund (FGMNX) performance details as of January 31, 2010

  

Last Trade: $11.53 on 3/15/2010, Change: -0.01 (-0.09%)

  

Fund Manager - William Irving

Fund Manager Tenure: 5.4 years
Fundmojo Fund Grade: A (Score: 0.76)     (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

  

 What we like about Fidelity Ginnie Mae Fund (FGMNX)

Data for Fidelity Ginnie Mae Fund (FGMNX) as of January 31, 2010

• Fidelity Ginnie Mae Fund (FGMNX) management has been with Fidelity Ginnie Mae Fund for 5.4 years
• Fidelity Ginnie Mae Fund (FGMNX) has good short-term performance (1-year return 8.35% vs 6.76% Intermediate Government category average)
• Fidelity Ginnie Mae Fund (FGMNX) has good mid-term performance (3-year return 7.48% vs 5.79% Intermediate Government category average)
• Fidelity Ginnie Mae Fund (FGMNX) has good Long-term performance (5-year return 5.69% vs 4.42% Intermediate Government category average)
• Fidelity Ginnie Mae Fund (FGMNX) ratio of up-years vs down years is greater than 2
• Fidelity Ginnie Mae Fund (FGMNX) has a Morningstar rating of 4 and above
• Fidelity Ginnie Mae Fund (FGMNX) is less volatile than its peers as it has a 3-year Standard Deviation of 3.26, lower than category average of 4.17
• Fidelity Ginnie Mae Fund (FGMNX) has a lower management fee than its Intermediate Government average: 0.45% vs 1.01%
• Fidelity Ginnie Mae Fund (FGMNX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Fidelity Ginnie Mae Fund (FGMNX)

Data for Fidelity Ginnie Mae Fund (FGMNX) as of January 31, 2010

• Fidelity Ginnie Mae Fund is a focused fund with 73.45% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Fidelity Ginnie Mae Fund (FGMNX) has an annual stock turnover rate of 464.00% that is higher than the Intermediate Government average of 344.22%. This could mean Fidelity Ginnie Mae is more nimble, but also signal potential high tax impact and high trading fees

See Fidelity Ginnie Mae Fund (FGMNX) performance details as of January 31, 2010

  

  

Interested in other top mutual funds in similar Intermediate Government category?

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• See top fund managers for Intermediate Government Category Funds
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Fidelity Ginnie Mae Fund (FGMNX) Net Asset

Track net asset change of Fidelity Ginnie Mae fund (FGMNX)

Date	Net Asset
01/2010	$7.35B
11/2009	$7.50B
10/2009	$7.21B

More historic net asset information on Fidelity Ginnie Mae Fund (FGMNX)

  

Fidelity Ginnie Mae Fund (FGMNX) Portfolio Allocation

Track portfolio allocation change of Fidelity Ginnie Mae fund (FGMNX)

Date	Cash	Stock	Bond	Other
10/2009	20.75%	0%	79.25%	0%
09/2009	14.45%	0%	85.55%	0%
07/2009	11.01%	0%	88.99%	0%

Click here to see more historic asset allocation information on Fidelity Ginnie Mae Fund (FGMNX)

  

Most Recent Top 10 Holdings in Fidelity Ginnie Mae Fund (FGMNX)

Discover what Fidelity Ginnie Mae Fund (FGMNX) manager is buying

31-Oct-09 GNMA 5.5% [18.43%] GNMA 5% [16.13%] GNMA 4.5% [13.63%] GNMA 6% [10.39%] GNMA 6.5% [9.56%] GNMA 4% [1.02%] GINNIE MAE 7% 30 YEAR [0.86%] GNMA CMO 5% [0.49%] Fannie Mae 3.146% 30 Year [0.47%] GNMA CMO 5.5% [0.45%]

30-Sep-09 GNMA 5.5% [19.16%] GNMA 5% [16.15%] GNMA 6% [14.57%] GNMA 4.5% [12.48%] GNMA 6.5% [10.85%] GNMA 4% [1.12%] GINNIE MAE 7% 30 YEAR [0.96%] GNMA [0.53%] Fannie Mae 3.294% 30 Year [0.52%] GNMA [0.51%]

31-Jul-09 GNMA 5.5% [23.59%] GNMA 6% [19.42%] GNMA 5% [14.28%] GNMA 4.5% [9.7%] GNMA 6.5% [6.54%] GNMA [1.27%] GINNIE MAE 7% 30 YEAR [1.12%] Fannie Mae 3.613% 30 Year [0.61%] GNMA [0.59%] GNMA [0.59%]

Click here for Stock Holding Change Map in Fidelity Ginnie Mae Fund (FGMNX)

  

Related books and products to Fidelity Ginnie Mae Fund (FGMNX)

  

Latest News on Fidelity Ginnie Mae (FGMNX)

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See more information on Fidelity Ginnie Mae Fund (FGMNX)

• Fidelity Ginnie Mae Fund Insights
• Fidelity Ginnie Mae Fund Performance Data
• Fidelity Ginnie Mae Fund News
• Fidelity Ginnie Mae Fund Score Explaination
• Fidelity Ginnie Mae Fund Manager Information
• Historic Fidelity Ginnie Mae Fund Asset Allocation Report
• Historic Fidelity Ginnie Mae Fund Top 10 Holding Tracking
• Historic Fidelity Ginnie Mae Fund Asset Under Management Tracking