Fidelity International Bond Index Fund (FBIIX)
The fund normally invests at least 80% of assets in securities included in the Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Diversified Index (USD Hedged), which is a multi-currency benchmark that includes fixed-rate treasury, government-related, corporate and securitized bonds from developed and emerging markets issuers while excluding USD denominated debt. The manager uses statistical sampling techniques based on duration, maturity, interest rate sensitivity, security structure, and credit quality to attempt to replicate the returns of the index. The fund is non-diversified.
Fund Info
US31635T7321
31635T732
Oct 10, 2019
$0
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity International Bond Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity International Bond Index Fund had a return of 3.68% year-to-date (YTD) and 7.14% in the last 12 months.
FBIIX
3.68%
0.21%
3.99%
7.14%
0.30%
N/A
^GSPC (Benchmark)
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Monthly Returns
The table below presents the monthly returns of FBIIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.44% | -0.23% | 0.99% | -1.06% | 0.22% | 0.88% | 1.65% | 0.65% | 0.97% | -0.42% | 3.68% | ||
| 2023 | 1.70% | -1.12% | 2.03% | 0.29% | 0.22% | 0.11% | 0.00% | 0.22% | -1.44% | -0.17% | 2.61% | 2.89% | 7.49% |
| 2022 | -1.20% | -1.62% | -1.86% | -2.03% | -0.86% | -1.41% | 2.89% | -2.78% | -2.64% | 0.42% | 1.81% | -1.96% | -10.84% |
| 2021 | -0.49% | -1.47% | -0.00% | -0.15% | 0.10% | 0.30% | 1.38% | -0.20% | -1.08% | -0.54% | 0.90% | -0.57% | -1.84% |
| 2020 | 1.72% | 0.70% | -2.78% | 1.61% | 0.40% | 0.50% | 0.98% | -0.59% | 0.79% | 0.36% | 0.39% | 0.32% | 4.43% |
| 2019 | -0.40% | -0.30% | -0.43% | -1.13% |
Expense Ratio
FBIIX has an expense ratio of 0.06%, which is considered low compared to other funds.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FBIIX is 67, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity International Bond Index Fund (FBIIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity International Bond Index Fund provided a 3.14% dividend yield over the last twelve months, with an annual payout of $0.29 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.26 | $0.09 | $0.06 | $0.08 | $0.01 |
Dividend yield | 3.14% | 2.85% | 1.02% | 0.62% | 0.74% | 0.09% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity International Bond Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.06 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.17 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.12 | $0.26 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.02 | $0.09 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.01 | $0.06 |
| 2020 | $0.00 | $0.02 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.03 | $0.08 |
| 2019 | $0.01 | $0.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity International Bond Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity International Bond Index Fund was 13.79%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current Fidelity International Bond Index Fund drawdown is 2.56%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.79% | Jan 5, 2021 | 454 | Oct 21, 2022 | — | — | — |
| -4.72% | Mar 10, 2020 | 7 | Mar 18, 2020 | 129 | Sep 21, 2020 | 136 |
| -1.3% | Oct 11, 2019 | 22 | Nov 11, 2019 | 51 | Jan 27, 2020 | 73 |
| -0.59% | Nov 6, 2020 | 3 | Nov 10, 2020 | 7 | Nov 19, 2020 | 10 |
| -0.4% | Feb 4, 2020 | 3 | Feb 6, 2020 | 2 | Feb 10, 2020 | 5 |
Volatility
Volatility Chart
The current Fidelity International Bond Index Fund volatility is 0.57%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.