Fidelity Conservative Income Bond Institutional Class (FCNVX)
The fund normally invests at least 80% of assets in U.S. dollar-denominated money market and high quality investment-grade debt securities of all types, and repurchase agreements for those securities. It invests more than 25% of total assets in the financial services industries. The fund normally maintains a dollar-weighted average maturity of 0.75 years or less. It invests in fixed rate securities with a maximum maturity of two years or less and floating rate securities with a maximum maturity of three years or less.
Fund Info
US3161465212
316146521
Mar 3, 2011
$1,000,000
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Conservative Income Bond Institutional Class, 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 Conservative Income Bond Institutional Class had a return of 4.91% year-to-date (YTD) and 5.58% in the last 12 months. Over the past 10 years, Fidelity Conservative Income Bond Institutional Class had an annualized return of 2.01%, while the S&P 500 had an annualized return of 11.21%, indicating that Fidelity Conservative Income Bond Institutional Class did not perform as well as the benchmark.
FCNVX
4.91%
0.32%
2.73%
5.58%
2.57%
2.01%
^GSPC (Benchmark)
25.15%
2.97%
12.53%
31.00%
13.95%
11.21%
Monthly Returns
The table below presents the monthly returns of FCNVX, 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 | 0.90% | 0.32% | 0.00% | 0.88% | 0.44% | 0.00% | 0.99% | 0.10% | 0.96% | 0.32% | 4.91% | ||
| 2023 | 1.02% | 0.35% | 0.20% | 0.10% | 0.83% | 0.41% | 0.53% | 0.54% | 0.00% | 0.88% | 0.54% | 0.20% | 5.75% |
| 2022 | 0.02% | -0.08% | -0.18% | 0.00% | 0.09% | -0.12% | 0.00% | 0.42% | 0.10% | 0.16% | 0.40% | 0.10% | 0.92% |
| 2021 | 0.04% | 0.03% | -0.07% | 0.03% | 0.12% | -0.08% | 0.02% | 0.02% | 0.02% | -0.08% | 0.02% | -0.08% | -0.01% |
| 2020 | 0.17% | 0.15% | -1.35% | 1.23% | 0.39% | 0.27% | 0.16% | 0.05% | 0.05% | -0.06% | 0.04% | 0.04% | 1.12% |
| 2019 | 0.43% | 0.31% | 0.23% | 0.32% | 0.22% | 0.21% | 0.22% | 0.21% | 0.19% | 0.29% | 0.17% | 0.17% | 3.01% |
| 2018 | 0.14% | 0.13% | -0.10% | 0.43% | 0.19% | -0.10% | 0.49% | 0.20% | 0.19% | 0.10% | 0.10% | 0.03% | 1.82% |
| 2017 | 0.09% | 0.19% | 0.10% | 0.10% | 0.11% | 0.11% | 0.11% | 0.12% | 0.11% | 0.12% | 0.12% | 0.13% | 1.41% |
| 2016 | -0.03% | 0.07% | 0.18% | 0.17% | 0.08% | 0.07% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.09% | 1.03% |
| 2015 | 0.03% | 0.03% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | -0.05% | 0.05% | 0.05% | 0.06% | 0.07% | 0.44% |
| 2014 | 0.04% | 0.03% | 0.03% | 0.13% | -0.07% | 0.03% | 0.03% | 0.03% | 0.03% | 0.05% | 0.03% | -0.07% | 0.29% |
| 2013 | 0.16% | 0.05% | 0.06% | 0.06% | 0.05% | -0.05% | 0.15% | 0.05% | 0.04% | 0.07% | 0.04% | 0.04% | 0.72% |
Expense Ratio
FCNVX has an expense ratio of 0.25%, which is considered low compared to other funds.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FCNVX is 98, placing it in the top 2% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Conservative Income Bond Institutional Class (FCNVX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Conservative Income Bond Institutional Class provided a 5.22% dividend yield over the last twelve months, with an annual payout of $0.52 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 | $0.52 | $0.50 | $0.17 | $0.03 | $0.10 | $0.25 | $0.22 | $0.13 | $0.09 | $0.05 | $0.04 | $0.06 |
Dividend yield | 5.22% | 4.97% | 1.65% | 0.29% | 1.01% | 2.46% | 2.20% | 1.30% | 0.93% | 0.54% | 0.39% | 0.62% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Conservative Income Bond Institutional Class. 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 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.00 | $0.44 | |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.50 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.17 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
| 2020 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.10 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2018 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2017 | $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 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.05 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.00 | $0.00 | $0.06 |
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 Conservative Income Bond Institutional Class. 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 Conservative Income Bond Institutional Class was 2.19%, occurring on Mar 23, 2020. Recovery took 43 trading sessions.
The current Fidelity Conservative Income Bond Institutional Class drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -2.19% | Mar 6, 2020 | 12 | Mar 23, 2020 | 43 | May 22, 2020 | 55 |
| -0.53% | Jun 17, 2021 | 267 | Jul 7, 2022 | 42 | Sep 2, 2022 | 309 |
| -0.3% | Mar 14, 2023 | 3 | Mar 16, 2023 | 11 | Mar 31, 2023 | 14 |
| -0.28% | Jul 18, 2011 | 56 | Oct 4, 2011 | 74 | Jan 20, 2012 | 130 |
| -0.2% | Dec 6, 2018 | 14 | Dec 26, 2018 | 3 | Dec 31, 2018 | 17 |
Volatility
Volatility Chart
The current Fidelity Conservative Income Bond Institutional Class volatility is 0.46%, 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.