Fidelity Corporate Bond Fund (FCBFX)
The fund normally invests at least 80% of assets in investment-grade corporate bonds and other corporate debt securities and repurchase agreements for those securities. The fund manager manages the fund to have similar overall interest rate risk to the Bloomberg U.S. Credit Bond Index. It invests in domestic and foreign issuers.
Fund Info
US3161465964
316146596
May 4, 2010
$0
Expense Ratio
FCBFX has an expense ratio of 0.44%, 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 Corporate Bond Fund (FCBFX) returned 1.37% year-to-date (YTD) and 5.51% over the past 12 months. Over the past 10 years, FCBFX returned 2.46% annually, underperforming the S&P 500 benchmark at 10.70%.
FCBFX
1.37%
1.91%
0.13%
5.51%
0.29%
2.46%
^GSPC (Benchmark)
-0.64%
8.97%
-2.52%
11.90%
15.34%
10.70%
Monthly Returns
The table below presents the monthly returns of FCBFX, 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 | 0.64% | 2.14% | -0.40% | -0.04% | -0.95% | 1.37% | |||||||
| 2024 | 0.54% | -1.42% | 0.87% | -2.14% | 2.01% | 0.39% | 2.80% | 1.23% | 1.97% | -2.34% | 0.95% | -1.59% | 3.14% |
| 2023 | 4.83% | -2.97% | 2.10% | 0.58% | -1.01% | 0.41% | 0.52% | -0.75% | -3.16% | -1.69% | 5.97% | 4.12% | 8.82% |
| 2022 | -3.17% | -1.97% | -2.76% | -5.61% | 0.88% | -3.08% | 2.97% | -2.64% | -5.20% | -1.01% | 4.85% | -0.86% | -16.69% |
| 2021 | -1.11% | -1.76% | -1.77% | 1.10% | 0.62% | 1.65% | 1.48% | -0.27% | -1.06% | -0.43% | -0.04% | -0.25% | -1.88% |
| 2020 | 2.65% | 1.36% | -7.64% | 5.77% | 1.96% | 2.23% | 2.98% | -1.10% | -0.26% | -1.12% | 2.74% | 0.52% | 9.90% |
| 2019 | 2.43% | 0.46% | 2.63% | 0.56% | 1.44% | 2.26% | 0.54% | 3.05% | -0.56% | 0.60% | 0.17% | 0.10% | 14.50% |
| 2018 | -0.74% | -1.57% | 0.00% | -0.59% | 0.30% | -0.63% | 1.23% | 0.39% | -0.24% | -1.48% | -0.42% | 1.19% | -2.57% |
| 2017 | 0.45% | 1.13% | -0.16% | 1.15% | 1.14% | 0.43% | 0.70% | 0.78% | -0.18% | 0.44% | -0.16% | 0.92% | 6.83% |
| 2016 | -0.17% | 0.27% | 3.05% | 1.62% | 0.19% | 1.95% | 1.83% | 0.51% | -0.18% | -0.68% | -2.77% | 0.83% | 6.51% |
| 2015 | 2.79% | -0.80% | 0.25% | -0.62% | -0.52% | -1.66% | 0.55% | -0.96% | 0.19% | 1.01% | -0.18% | -1.40% | -1.42% |
| 2014 | 2.10% | 1.14% | -0.00% | 1.15% | 1.49% | 0.25% | -0.27% | 1.49% | -1.41% | 1.22% | 0.68% | -0.02% | 8.05% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 75, FCBFX is among the top 25% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Corporate Bond Fund (FCBFX) 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 Corporate Bond Fund provided a 4.05% dividend yield over the last twelve months, with an annual payout of $0.42 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 | $0.42 | $0.41 | $0.39 | $0.34 | $0.31 | $0.34 | $0.40 | $0.40 | $0.37 | $0.37 | $0.36 | $0.35 |
Dividend yield | 4.05% | 3.94% | 3.74% | 3.37% | 2.53% | 2.58% | 3.29% | 3.64% | 3.17% | 3.26% | 3.32% | 3.07% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Corporate 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 | $0.04 | $0.03 | $0.04 | $0.04 | $0.00 | $0.14 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.41 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.39 |
| 2022 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.34 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2019 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.40 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.37 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.35 |
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 Corporate 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 Corporate Bond Fund was 23.12%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current Fidelity Corporate Bond Fund drawdown is 7.35%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.12% | Aug 5, 2021 | 309 | Oct 21, 2022 | — | — | — |
| -15.27% | Mar 9, 2020 | 10 | Mar 20, 2020 | 63 | Jun 19, 2020 | 73 |
| -6.95% | May 3, 2013 | 87 | Sep 5, 2013 | 150 | Apr 10, 2014 | 237 |
| -5.48% | Jan 4, 2021 | 52 | Mar 18, 2021 | 93 | Jul 30, 2021 | 145 |
| -5.4% | Feb 2, 2015 | 262 | Feb 16, 2016 | 51 | Apr 28, 2016 | 313 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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