Morningstar

Fidelity GNMA FGMNX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 10.30  /  −0.76 %
  • Total Assets 2.1 Bil
  • Adj. Expense Ratio
    0.440%
  • Expense Ratio 0.440%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 3.41%
  • Effective Duration 4.63 years

USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:28 PM GMT+0

Morningstar’s Analysis FGMNX

Will FGMNX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FGMNX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FGMNX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FGMNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Still a strong long-term government option.

Analyst Max Curtin

Max Curtin

Analyst

Summary

Fidelity GNMA’s combination of experienced structured product investors and strong quantitative capabilities inspires confidence.

by Max Curtin
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FGMNX

More FGMNX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 42.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Government National Mortgage Association 3%

6.20 127.4 Mil
Securitized

Government National Mortgage Association 2%

5.91 121.5 Mil
Securitized

Government National Mortgage Association 2%

4.52 92.9 Mil
Securitized

Government National Mortgage Association 2.5%

4.39 90.2 Mil
Securitized

Government National Mortgage Association 6%

4.00 82.2 Mil
Securitized

Government National Mortgage Association 5%

3.91 80.3 Mil
Securitized

Government National Mortgage Association 2.5%

3.90 80.2 Mil
Securitized

Government National Mortgage Association 3.5%

3.53 72.5 Mil
Securitized

Government National Mortgage Association 6.5%

3.50 71.9 Mil
Securitized

Fidelity Cash Central Fund

3.42 70.3 Mil
Cash and Equivalents

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