Fidelity Series Government Bond Index Fund (FHNFX)
The fund normally invests at least 80% of assets in securities included in the Bloomberg U.S. Government Bond Index, a market value-weighted index of U.S. government fixed-rate debt issues with maturities of one year or more. The advisor uses statistical sampling techniques based on duration, maturity, interest rate sensitivity, security structure, and credit quality to attempt to replicate the returns of the Bloomberg U.S. Government Bond Index using a smaller number of securities.
Fund Info
US31617L7560
31617L756
Aug 17, 2018
$0
Expense Ratio
FHNFX has an expense ratio of 0.00%, meaning no management fees are charged.
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 Series Government Bond Index Fund (FHNFX) returned 2.23% year-to-date (YTD) and 5.42% over the past 12 months.
FHNFX
2.23%
-1.30%
0.94%
5.42%
0.81%
-1.77%
N/A
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of FHNFX, 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 | 0.53% | 2.17% | 0.21% | 0.63% | -1.30% | 2.23% | |||||||
| 2024 | 0.09% | -1.27% | 0.22% | -1.89% | 1.41% | 0.78% | 2.45% | 0.98% | 1.43% | -2.27% | 0.44% | -1.26% | 0.99% |
| 2023 | 2.93% | -2.27% | 2.85% | 0.32% | -0.95% | -0.74% | -0.30% | -0.53% | -2.43% | -0.85% | 3.36% | 3.01% | 4.24% |
| 2022 | -1.70% | -0.67% | -3.09% | -3.11% | 0.24% | -0.79% | 1.46% | -2.40% | -3.34% | -1.36% | 2.63% | -0.98% | -12.52% |
| 2021 | -0.90% | -1.76% | -1.51% | 0.75% | 0.18% | 0.75% | 1.40% | -0.20% | -1.13% | 0.00% | 0.75% | -0.66% | -2.35% |
| 2020 | 2.66% | 2.49% | 3.08% | 0.33% | -0.22% | 0.12% | 1.10% | -1.20% | 0.29% | -1.05% | 0.47% | -0.25% | 8.01% |
| 2019 | 0.53% | -0.29% | 1.92% | -0.38% | 2.37% | 0.87% | 0.01% | 3.36% | -0.85% | -0.02% | -0.30% | -0.66% | 6.66% |
| 2018 | 0.30% | -0.88% | -0.37% | 0.84% | 2.07% | 1.96% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FHNFX is 58, 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 Series Government Bond Index Fund (FHNFX) 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 Series Government Bond Index Fund provided a 3.52% dividend yield over the last twelve months, with an annual payout of $0.32 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.31 | $0.26 | $0.16 | $0.11 | $0.35 | $0.28 | $0.10 |
Dividend yield | 3.52% | 3.39% | 2.76% | 1.74% | 1.07% | 3.17% | 2.63% | 1.02% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Series Government Bond Index 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 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 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.16 |
| 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 | $0.11 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.17 | $0.01 | $0.02 | $0.35 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.02 | $0.02 | $0.28 |
| 2018 | $0.01 | $0.02 | $0.02 | $0.02 | $0.03 | $0.10 |
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 Series Government Bond Index 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 Series Government Bond Index Fund was 18.64%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Fidelity Series Government Bond Index Fund drawdown is 9.81%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.64% | Aug 5, 2020 | 813 | Oct 19, 2023 | — | — | — |
| -3.71% | Mar 10, 2020 | 7 | Mar 18, 2020 | 10 | Apr 1, 2020 | 17 |
| -2.69% | Sep 5, 2019 | 7 | Sep 13, 2019 | 95 | Jan 30, 2020 | 102 |
| -2.01% | Apr 22, 2020 | 32 | Jun 5, 2020 | 33 | Jul 23, 2020 | 65 |
| -1.78% | Sep 4, 2018 | 24 | Oct 5, 2018 | 41 | Dec 4, 2018 | 65 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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