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
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Corporate Bond 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 Corporate Bond Fund had a return of 3.14% year-to-date (YTD) and 9.24% in the last 12 months. Over the past 10 years, Fidelity Corporate Bond Fund had an annualized return of 2.47%, while the S&P 500 had an annualized return of 11.11%, indicating that Fidelity Corporate Bond Fund did not perform as well as the benchmark.
FCBFX
3.14%
-1.54%
3.38%
9.24%
0.30%
2.47%
^GSPC (Benchmark)
23.08%
0.10%
10.70%
30.05%
13.52%
11.11%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.54% | -1.42% | 0.87% | -2.14% | 2.01% | 0.39% | 2.80% | 1.23% | 1.97% | -2.34% | 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% | 0.47% | 2.63% | 0.56% | 1.44% | 2.26% | 0.54% | 3.05% | -0.55% | 0.60% | 0.17% | 0.10% | 14.50% |
| 2018 | -0.74% | -1.57% | -0.00% | -0.60% | 0.30% | -0.62% | 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% | -1.41% |
| 2014 | 2.10% | 1.14% | 0.00% | 1.15% | 1.49% | 0.25% | -0.27% | 1.48% | -1.41% | 1.22% | 0.68% | -0.03% | 8.05% |
| 2013 | -0.83% | 0.65% | 0.14% | 1.89% | -2.45% | -3.06% | 0.89% | -1.03% | 1.18% | 1.63% | -0.30% | -0.28% | -1.68% |
Expense Ratio
FCBFX features an expense ratio of 0.44%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FCBFX is 29, 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 Corporate Bond Fund (FCBFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Corporate Bond Fund provided a 3.92% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.39 | $0.34 | $0.31 | $0.34 | $0.40 | $0.40 | $0.37 | $0.37 | $0.36 | $0.35 | $0.32 |
Dividend yield | 3.92% | 3.74% | 3.37% | 2.53% | 2.58% | 3.29% | 3.64% | 3.17% | 3.26% | 3.32% | 3.07% | 2.91% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.00 | $0.34 | |
| 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 |
| 2013 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
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 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 8.60%.
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 |
| -5.39% | Feb 2, 2015 | 262 | Feb 16, 2016 | 51 | Apr 28, 2016 | 313 |
Volatility
Volatility Chart
The current Fidelity Corporate Bond Fund volatility is 1.92%, 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.