- ISIN
- US3158074530
- CUSIP
- 315807453
- Issuer
- Fidelity
- Inception Date
- Aug 17, 2018
- Category
- Total Bond Market
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
FHPFX Performance Chart
Fidelity Series Investment Grade Securitized Fund (FHPFX) is up 1.0% since the beginning of the year. FHPFX is currently trading at $9 per share. Investors who bought $1,000 worth of FHPFX shares 5 years ago would now be looking at an investment worth $1,032.
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Returns By Period
Fidelity Series Investment Grade Securitized Fund (FHPFX) has returned 1.04% so far this year and 6.58% over the past 12 months.
Fidelity Series Investment Grade Securitized Fund
- 1D
- 0.22%
- 1M
- 0.92%
- YTD
- 1.04%
- 6M
- 1.39%
- 1Y
- 6.58%
- 3Y*
- 4.80%
- 5Y*
- 0.64%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FHPFX Monthly Returns History
Based on dividend-adjusted daily data since Aug 31, 2018, FHPFX's average daily return is +0.01%, while the average monthly return is +0.17%. At this rate, an investment would double in approximately 34.0 years.
Historically, 55% of months were positive and 45% were negative. The best month was Nov 2023 with a return of +5.5%, while the worst month was Sep 2022 at -5.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 9 months.
On a daily basis, FHPFX closed higher 42% of trading days. The best single day was Nov 10, 2022 with a return of +2.4%, while the worst single day was Sep 26, 2022 at -1.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.56% | 1.56% | -1.47% | 0.27% | 0.26% | -0.11% | 1.04% | ||||||
| 2025 | 0.68% | 2.41% | 0.14% | 0.26% | -0.85% | 1.74% | -0.28% | 1.51% | 1.27% | 0.82% | 0.62% | 0.13% | 8.76% |
| 2024 | -0.13% | -1.67% | 0.92% | -2.81% | 2.00% | 1.29% | 2.64% | 1.58% | 1.23% | -2.80% | 1.37% | -1.63% | 1.81% |
| 2023 | 3.35% | -2.67% | 1.99% | 0.64% | -0.79% | -0.36% | -0.02% | -0.79% | -2.98% | -2.59% | 5.45% | 4.35% | 5.29% |
| 2022 | -1.49% | -0.98% | -2.78% | -3.39% | 1.09% | -1.90% | 3.01% | -3.24% | -5.19% | -1.50% | 4.10% | -0.38% | -12.28% |
| 2021 | 0.00% | -0.76% | -0.66% | 0.64% | -0.19% | 0.10% | 0.72% | -0.05% | -0.36% | -0.33% | -0.12% | -0.04% | -1.06% |
Benchmark Metrics
Fidelity Series Investment Grade Securitized Fund has an annualized alpha of 1.67%, beta of 0.03, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since August 31, 2018.
- This fund participated in 20.77% of S&P 500 Index downside but only 13.40% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.03 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.67%
- Beta
- 0.03
- R²
- 0.01
- Upside Capture
- 13.40%
- Downside Capture
- 20.77%
Expense Ratio
FHPFX has an expense ratio of 0.00%, meaning no management fees are charged.
Return for Risk
Risk / Return Rank
FHPFX ranks 40 for risk / return — below 40% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Series Investment Grade Securitized Fund (FHPFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FHPFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 2.78 | -0.26 |
| Martin ratioReturn relative to average drawdown | 7.64 | 12.44 | -4.80 |
Dividends
Dividend History
Fidelity Series Investment Grade Securitized Fund provided a 4.48% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.40 | $0.40 | $0.32 | $0.15 | $0.06 | $0.34 | $0.39 | $0.12 |
Dividend yield | 4.48% | 4.41% | 4.54% | 3.53% | 1.70% | 0.58% | 3.20% | 3.81% | 1.16% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Series Investment Grade Securitized 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.16 | ||||||
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.40 |
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.40 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.04 | $0.32 |
| 2022 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.02 | $0.02 | $0.03 | $0.15 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.01 | $0.00 | $0.00 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.02 | $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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Series Investment Grade Securitized 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 Investment Grade Securitized Fund was 17.93%, occurring on Oct 20, 2022. Recovery took 745 trading sessions.
The current Fidelity Series Investment Grade Securitized Fund drawdown is 1.06%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -17.93%Oct 2022 | 1y 8mo | 2y 11mo | 4y 8moFeb 2021 - Oct 2025 |
COVID crash2020 | -4.46%Mar 2020 | 9d | 11d | 20dMar 2020 - Mar 2020 |
2026 pullback2026 | -2.61%May 2026 | 2mo 18d | — | 3mo 23dMar 2026 - now |
Rate-hike selloffLate 2018 | -1.62%Nov 2018 | 2mo 2d | 1mo 1d | 3mo 3dSep 2018 - Dec 2018 |
2019 pullback2019 | -1.15%Sep 2019 | 8d | 1mo 18d | 1mo 26dSep 2019 - Oct 2019 |
Drawdown Indicators
| FHPFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.93% | -56.78% | +38.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -9.10% | +6.49% |
Max Drawdown (3Y)Largest decline over 3 years | -7.56% | -18.90% | +11.34% |
Max Drawdown (5Y)Largest decline over 5 years | -17.79% | -25.43% | +7.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.06% | -1.80% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -10.71% | +6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 2.03% | -1.17% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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