Fidelity Investment Grade Bond Fund (FBNDX)
The fund normally invests at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities. It allocates assets across different market sectors and maturities. The fund invests in domestic and foreign issuers.
Fund Info
US3161461096
316146109
Aug 6, 1971
$0
Expense Ratio
FBNDX has an expense ratio of 0.45%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Fidelity Investment Grade Bond Fund (FBNDX) returned 1.99% year-to-date (YTD) and 4.43% over the past 12 months. Over the past 10 years, FBNDX returned 1.71% annually, underperforming the S&P 500 benchmark at 10.79%.
FBNDX
1.99%
0.32%
1.99%
4.43%
-0.62%
1.71%
^GSPC (Benchmark)
0.60%
9.64%
-0.54%
11.47%
15.67%
10.79%
Monthly Returns
The table below presents the monthly returns of FBNDX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.61% | 2.27% | 0.06% | 0.46% | -1.38% | 1.99% | |||||||
| 2024 | 0.39% | -1.35% | 0.56% | -2.14% | 1.64% | 0.71% | 2.65% | 1.11% | 1.58% | -2.40% | 0.84% | -1.52% | 1.93% |
| 2023 | 3.98% | -2.48% | 2.27% | 0.41% | -0.80% | -0.12% | 0.03% | -0.67% | -2.84% | -1.40% | 4.66% | 3.57% | 6.46% |
| 2022 | -2.00% | -1.09% | -2.81% | -3.95% | 0.51% | -1.92% | 2.16% | -2.21% | -4.53% | -1.16% | 3.61% | -0.98% | -13.71% |
| 2021 | -0.69% | -1.30% | -1.30% | 0.86% | 0.25% | 1.08% | 1.19% | -0.24% | -0.81% | 0.01% | 0.25% | -0.21% | -0.95% |
| 2020 | 1.93% | 1.50% | -1.72% | 2.70% | 1.35% | 1.56% | 1.77% | -0.76% | -0.10% | -2.96% | 1.41% | 0.01% | 6.76% |
| 2019 | 1.55% | 0.10% | 1.93% | 0.24% | 1.51% | 1.48% | 0.24% | 2.32% | -0.39% | 0.45% | -0.04% | 0.06% | 9.84% |
| 2018 | -0.95% | -0.98% | 0.26% | -0.53% | 0.46% | -0.13% | 0.41% | 0.47% | -0.44% | -0.95% | 0.53% | 1.53% | -0.36% |
| 2017 | 0.67% | 0.71% | -0.10% | 0.79% | 0.65% | -0.09% | 0.54% | 0.81% | -0.33% | 0.05% | -0.08% | 0.42% | 4.11% |
| 2016 | 0.63% | 0.62% | 1.94% | 1.12% | -0.04% | 1.88% | 1.08% | 0.45% | 0.06% | -0.56% | -2.33% | 0.26% | 5.16% |
| 2015 | 1.88% | -0.53% | 0.23% | -0.16% | -0.28% | -1.29% | 0.50% | -0.66% | 0.01% | 0.51% | -0.67% | -1.07% | -1.56% |
| 2014 | 1.41% | 0.85% | -0.15% | 0.86% | 1.24% | 0.08% | -0.43% | 1.02% | -0.72% | 0.98% | 0.61% | -0.01% | 5.85% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FBNDX is 63, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Investment Grade Bond Fund (FBNDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Fidelity Investment Grade Bond Fund provided a 3.94% dividend yield over the last twelve months, with an annual payout of $0.28 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.28 | $0.28 | $0.26 | $0.19 | $0.13 | $0.16 | $0.23 | $0.22 | $0.19 | $0.18 | $0.22 | $0.20 |
Dividend yield | 3.94% | 3.99% | 3.56% | 2.67% | 1.53% | 1.88% | 2.77% | 2.85% | 2.36% | 2.31% | 2.90% | 2.59% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.09 | |||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.28 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.23 |
| 2018 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.22 |
| 2017 | $0.03 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.19 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.00 | $0.18 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.03 | $0.02 | $0.02 | $0.02 | $0.20 |
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.
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Worst Drawdowns
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 20.16%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Fidelity Investment Grade Bond Fund drawdown is 7.90%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.16% | Aug 7, 2020 | 560 | Oct 24, 2022 | — | — | — |
| -12.37% | Jan 24, 2008 | 213 | Nov 24, 2008 | 170 | Jul 30, 2009 | 383 |
| -8.69% | Mar 6, 1987 | 160 | Oct 15, 1987 | 74 | Jan 27, 1988 | 234 |
| -8.64% | Mar 9, 2020 | 9 | Mar 19, 2020 | 43 | May 20, 2020 | 52 |
| -7.95% | Feb 1, 1994 | 70 | May 9, 1994 | 272 | May 24, 1995 | 342 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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