Fidelity Investment Grade Bond Fund (FBNDX)

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Fidelity Investment Grade Bond Fund (FBNDX) is up 0.3% since the beginning of the year. FBNDX is currently trading at $7 per share. Investors who bought $1,000 worth of FBNDX shares 5 years ago would now be looking at an investment worth $1,000.

Fidelity Investment Grade Bond Fund (FBNDX) has returned 0.34% so far this year and 4.69% over the past 12 months. Over the last ten years, FBNDX has returned 2.08% per year, falling short of the S&P 500 Index benchmark, which averaged 13.61% annually.

Based on dividend-adjusted daily data since Oct 1, 1971, FBNDX's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.

Historically, 61% of months were positive and 39% were negative. The best month was Apr 1980 with a return of +9.5%, while the worst month was Feb 1980 at -6.8%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 7 months.

On a daily basis, FBNDX closed higher 40% of trading days. The best single day was Oct 3, 1979 with a return of +5.7%, while the worst single day was Oct 2, 1979 at -5.4%.

Fidelity Investment Grade Bond Fund has an annualized alpha of 2.70%, beta of 0.02, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since October 01, 1971.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (15.19%) than losses (12.23%) - typical of diversified or defensive assets.
• Beta of 0.02 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FBNDX has an expense ratio of 0.45%, placing it in the medium range.

FBNDX ranks 21 for risk / return — below 21% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Fidelity Investment Grade Bond Fund provided a 3.91% dividend yield over the last twelve months, with an annual payout of $0.28 per share.

The table displays the monthly dividend distributions for Fidelity Investment Grade Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Fidelity Investment Grade Bond 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 Investment Grade Bond Fund was 42.76%, occurring on Sep 29, 1981. Recovery took 2881 trading sessions.

The current Fidelity Investment Grade Bond Fund drawdown is 1.62%.

The chart below shows the rolling one-month volatility.