Fidelity Mortgage Securities Fund (FMSFX)
The fund normally invests at least 80% of assets in investment-grade mortgage-related securities (those of medium and high quality) and repurchase agreements for those securities. It invests in U.S. government securities and instruments related to U.S. government securities. The fund invests in U.S. government securities issued by entities that are chartered or sponsored by Congress but whose securities are neither issued nor guaranteed by the U.S. Treasury.
Fund Info
| ISIN | US31617K2042 |
|---|---|
| CUSIP | 31617K204 |
| Issuer | Fidelity |
| Inception Date | Dec 31, 1984 |
| Category | Total Bond Market |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
FMSFX has a high expense ratio of 0.45%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Mortgage Securities 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 Mortgage Securities Fund had a return of -1.62% year-to-date (YTD) and 0.33% in the last 12 months. Over the past 10 years, Fidelity Mortgage Securities Fund had an annualized return of 0.87%, while the S&P 500 had an annualized return of 10.84%, indicating that Fidelity Mortgage Securities Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.62% | 10.00% |
| 1 month | 1.26% | 2.41% |
| 6 months | 3.97% | 16.70% |
| 1 year | 0.33% | 26.85% |
| 5 years (annualized) | -0.66% | 12.81% |
| 10 years (annualized) | 0.87% | 10.84% |
Monthly Returns
The table below presents the monthly returns of FMSFX, 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 | 0.03% | -1.84% | 0.72% | -2.80% | -1.62% | ||||||||
| 2023 | 3.48% | -2.71% | 2.00% | 0.40% | -0.76% | -0.44% | -0.03% | -0.95% | -3.52% | -2.01% | 5.59% | 4.17% | 4.88% |
| 2022 | -1.52% | -0.99% | -2.80% | -3.63% | 1.37% | -1.78% | 3.11% | -3.28% | -5.21% | -1.56% | 4.22% | -0.71% | -12.43% |
| 2021 | 0.15% | -0.60% | -0.57% | 0.56% | -0.35% | 0.09% | 0.61% | -0.09% | -0.34% | -0.35% | -0.13% | -0.04% | -1.04% |
| 2020 | 0.68% | 0.96% | 0.51% | 0.94% | 0.22% | 0.11% | 0.30% | 0.29% | 0.00% | -0.04% | 0.06% | 0.29% | 4.41% |
| 2019 | 0.78% | -0.04% | 1.51% | 0.06% | 1.30% | 0.73% | 0.34% | 0.87% | 0.02% | 0.36% | 0.19% | 0.16% | 6.41% |
| 2018 | -1.11% | -0.63% | 0.37% | -0.32% | 0.57% | -0.18% | 0.14% | 0.50% | -0.51% | -0.62% | 0.89% | 1.71% | 0.78% |
| 2017 | -0.04% | 0.51% | -0.01% | 0.67% | 0.53% | -0.27% | 0.43% | 0.70% | -0.26% | -0.09% | -0.09% | 0.23% | 2.35% |
| 2016 | 1.30% | 0.30% | 0.29% | 0.30% | 0.11% | 0.87% | 0.33% | -0.01% | 0.27% | -0.11% | -1.79% | 0.03% | 1.88% |
| 2015 | 0.92% | -0.16% | 0.38% | 0.08% | -0.04% | -0.71% | 0.71% | -0.09% | 0.70% | 0.02% | -0.17% | -0.16% | 1.48% |
| 2014 | 1.76% | 0.30% | -0.23% | 0.85% | 1.20% | 0.21% | -0.41% | 0.93% | -0.14% | 0.93% | 0.65% | 0.16% | 6.36% |
| 2013 | -0.38% | 0.31% | 0.14% | 0.59% | -1.62% | -1.39% | 0.05% | -0.47% | 1.63% | 0.63% | -0.44% | -0.79% | -1.76% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FMSFX is 5, indicating that it is in the bottom 5% 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.
FMSFX (Fidelity Mortgage Securities Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Mortgage Securities Fund (FMSFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Mortgage Securities Fund granted a 3.70% dividend yield in the last twelve months. The annual payout for that period amounted to $0.36 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.35 | $0.19 | $0.09 | $0.28 | $0.30 | $0.28 | $0.29 | $0.26 | $0.27 | $0.29 | $0.21 |
Dividend yield | 3.70% | 3.50% | 1.89% | 0.78% | 2.39% | 2.60% | 2.57% | 2.61% | 2.34% | 2.36% | 2.55% | 1.93% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.35 |
| 2022 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2021 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.01 | $0.02 | $0.09 |
| 2020 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 | $0.01 | $0.02 | $0.28 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.30 |
| 2018 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.28 |
| 2017 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.08 | $0.29 |
| 2016 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.26 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.27 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.29 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
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 18.44%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Fidelity Mortgage Securities Fund drawdown is 10.79%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.44% | Feb 10, 2021 | 683 | Oct 19, 2023 | — | — | — |
| -6.85% | Mar 23, 1987 | 151 | Oct 19, 1987 | 52 | Dec 30, 1987 | 203 |
| -4.57% | May 2, 2013 | 45 | Jul 5, 2013 | 193 | Apr 10, 2014 | 238 |
| -4.15% | May 9, 2007 | 278 | Jun 16, 2008 | 57 | Sep 8, 2008 | 335 |
| -3.89% | Mar 9, 2020 | 9 | Mar 19, 2020 | 8 | Mar 31, 2020 | 17 |
Volatility
Volatility Chart
The current Fidelity Mortgage Securities Fund volatility is 1.79%, 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.