Mutual Fund Insights: Fidelity Government Income Fund (FGOVX)

In-depth Analysis of Fidelity Government Income Fund (FGOVX)

3 months 6 months 1 year 3 year 5 year

See Fidelity Government Income Fund (FGOVX) performance details as of January 31, 2010

  

Last Trade: $10.50 on 3/15/2010, Change: 0.00 (0%)

  

Fund Manager - William Irving

Fund Manager Tenure: 3.2 years
Fundmojo Fund Grade: B (Score: 0.66)     (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 Government Income Fund (FGOVX)

Data for Fidelity Government Income Fund (FGOVX) as of January 31, 2010

• Fidelity Government Income Fund (FGOVX) management has been with Fidelity Government Income Fund for 3.2 years
• Fidelity Government Income Fund (FGOVX) has good mid-term performance (3-year return 7.23% vs 5.79% Intermediate Government category average)
• Fidelity Government Income Fund (FGOVX) has good Long-term performance (5-year return 5.38% vs 4.42% Intermediate Government category average)
• Fidelity Government Income Fund (FGOVX) ratio of up-years vs down years is greater than 2
• Fidelity Government Income Fund (FGOVX) has a Morningstar rating of 4 and above
• Fidelity Government Income Fund (FGOVX) has a lower management fee than its Intermediate Government average: 0.45% vs 1.01%
• Fidelity Government Income Fund (FGOVX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Fidelity Government Income Fund (FGOVX)

Data for Fidelity Government Income Fund (FGOVX) as of January 31, 2010

• Fidelity Government Income Fund (FGOVX) has a less-than-ideal short-term performance (1-year return 4.38% vs 6.76% Intermediate Government category average)
• Fidelity Government Income Fund (FGOVX) is less safe compared to its Intermediate Government peers
• Fidelity Government Income Fund (FGOVX) has an annual stock turnover rate of 380.00% that is higher than the Intermediate Government average of 344.22%. This could mean Fidelity Government Income is more nimble, but also signal potential high tax impact and high trading fees
• Fidelity Government Income Fund (FGOVX) is more volatile than its peers as it has a 3-year Standard Deviation of 4.4 that is higher than category average of 4.17

See Fidelity Government Income Fund (FGOVX) performance details as of January 31, 2010

  

  

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Fidelity Government Income Fund (FGOVX) Net Asset

Track net asset change of Fidelity Government Income fund (FGOVX)

Date	Net Asset
01/2010	$4.62B
11/2009	$4.75B
10/2009	$4.68B

More historic net asset information on Fidelity Government Income Fund (FGOVX)

  

Fidelity Government Income Fund (FGOVX) Portfolio Allocation

Track portfolio allocation change of Fidelity Government Income fund (FGOVX)

Date	Cash	Stock	Bond	Other
10/2009	9.22%	0%	90.78%	0%
09/2009	8.9%	0%	91.1%	0%
08/2009	11.17%	0%	88.83%	0%

Click here to see more historic asset allocation information on Fidelity Government Income Fund (FGOVX)

  

Most Recent Top 10 Holdings in Fidelity Government Income Fund (FGOVX)

Discover what Fidelity Government Income Fund (FGOVX) manager is buying

31-Oct-09 United States Treas Nts 1% [5.18%] United States Treas Nts 1.25% [4.41%] Fannie Mae 4.5% 30 Year [2.79%] US Treasury Bond 7.25% [2.7%] Fannie Mae 5.5% 30 Year [2.39%] FNMA 5.5% [2.07%] Israel St 5.5% [1.98%] United States Treas Nts 3% [1.63%] FHLMC 1.75% [1.5%] US Treasury Note 2.25% [1.48%]

30-Sep-09 United States Treas Nts 1% [4.83%] Fannie Mae 5.5% 30 Year [2.91%] United States Treas Nts 1.25% [2.82%] US Treasury Bond 7.25% [2.74%] Fannie Mae 4.5% 30 Year [2.63%] FNMA 5.5% [2.13%] ISRAEL ST [1.97%] US Treasury Note 1.875% [1.92%] FHLMC 5.125% [1.92%] United States Treas Nts 3% [1.65%]

31-Aug-09 United States Treas Nts 1% [5.06%] US Treasury Bond 7.25% [2.72%] US Treasury Note 1.875% [2.43%] US Treasury Note 3.125% [2.07%] ISRAEL ST [1.94%] FHLMC 5.125% [1.89%] United States Treas Nts 3% [1.83%] FNMA 6% [1.79%] Fannie Mae 5.5% 30 Year [1.53%] FHLMC 6.875% [1.52%]

Click here for Stock Holding Change Map in Fidelity Government Income Fund (FGOVX)

  

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See more information on Fidelity Government Income Fund (FGOVX)

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