Fidelity Mortgage Securities Fund (FMSFX)

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Fidelity Mortgage Securities Fund (FMSFX) is up 0.9% since the beginning of the year. FMSFX is currently trading at $10 per share. Investors who bought $1,000 worth of FMSFX shares 5 years ago would now be looking at an investment worth $1,010.

Fidelity Mortgage Securities Fund (FMSFX) has returned 0.87% so far this year and 6.23% over the past 12 months. Over the last ten years, FMSFX has returned 1.29% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Dec 31, 1984, FMSFX's average daily return is +0.02%, while the average monthly return is +0.35%. At this rate, an investment would double in approximately 16.5 years.

Historically, 68% of months were positive and 32% were negative. The best month was Nov 2023 with a return of +5.6%, while the worst month was Sep 2022 at -5.4%. The longest winning streak lasted 19 consecutive months, and the longest losing streak was 9 months.

On a daily basis, FMSFX closed higher 41% of trading days. The best single day was Oct 20, 1987 with a return of +3.1%, while the worst single day was Sep 26, 2022 at -2.1%.

Fidelity Mortgage Securities Fund has an annualized alpha of 4.10%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since December 31, 1984.

• This fund captured 12.90% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -1.65%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.01 may look defensive, but with R2 of 0.00 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 0.00 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.

FMSFX has an expense ratio of 0.45%, placing it in the medium range.

FMSFX ranks 36 for risk / return — below 36% 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.

Fidelity Mortgage Securities Fund provided a 3.91% dividend yield over the last twelve months, with an annual payout of $0.39 per share.

The table displays the monthly dividend distributions for Fidelity Mortgage Securities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Fidelity Mortgage Securities 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 Mortgage Securities Fund was 18.81%, occurring on Oct 19, 2023. Recovery took 580 trading sessions.

The current Fidelity Mortgage Securities Fund drawdown is 1.21%.

The chart below shows the rolling one-month volatility.