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
US31617K2042
31617K204
Dec 31, 1984
$0
Expense Ratio
FMSFX features an expense ratio of 0.45%, falling within the medium range.
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 -1.45% year-to-date (YTD) and -0.46% in the last 12 months. Over the past 10 years, Fidelity Mortgage Securities Fund had an annualized return of 0.53%, while the S&P 500 had an annualized return of 11.23%, indicating that Fidelity Mortgage Securities Fund did not perform as well as the benchmark.
FMSFX
-1.45%
-2.33%
-1.04%
-0.46%
-1.40%
0.53%
^GSPC (Benchmark)
-0.77%
-3.55%
3.64%
22.00%
12.20%
11.23%
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% | 2.03% | 1.04% | 2.84% | 1.32% | 1.54% | -2.95% | 1.35% | -2.09% | 0.98% |
| 2023 | 3.48% | -2.71% | 2.00% | 0.40% | -0.76% | -0.43% | -0.03% | -0.95% | -3.52% | -2.01% | 5.58% | 4.16% | 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% | -12.42% |
| 2021 | 0.16% | -0.60% | -0.56% | 0.56% | -0.35% | 0.09% | 0.61% | -0.09% | -0.34% | -0.67% | -0.12% | -0.04% | -1.35% |
| 2020 | 0.68% | 0.96% | 0.51% | 0.94% | 0.22% | 0.11% | 0.30% | 0.29% | 0.00% | -0.79% | 0.06% | 0.18% | 3.52% |
| 2019 | 0.78% | -0.05% | 1.51% | 0.06% | 1.30% | 0.73% | 0.34% | 0.87% | 0.02% | 0.36% | 0.19% | 0.16% | 6.44% |
| 2018 | -1.11% | -0.63% | 0.37% | -0.31% | 0.57% | -0.18% | 0.15% | 0.50% | -0.51% | -0.62% | 0.89% | 1.71% | 0.78% |
| 2017 | -0.03% | 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% | -0.21% | 1.42% |
| 2014 | 1.76% | 0.30% | -0.23% | 0.85% | 1.20% | 0.21% | -0.41% | 0.93% | -0.14% | 0.93% | 0.65% | 0.13% | 6.33% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FMSFX is 14, meaning it’s performing worse than 86% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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 provided a 3.87% dividend yield over the last twelve months, with an annual payout of $0.37 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.37 | $0.35 | $0.19 | $0.05 | $0.18 | $0.30 | $0.28 | $0.29 | $0.26 | $0.26 | $0.29 |
Dividend yield | 3.87% | 3.82% | 3.50% | 1.90% | 0.47% | 1.54% | 2.63% | 2.57% | 2.61% | 2.34% | 2.31% | 2.52% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | |||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 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 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.02 | $0.05 |
| 2020 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.18 |
| 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 | $0.03 | $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 | $0.26 |
| 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 |
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 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 18.94%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Fidelity Mortgage Securities Fund drawdown is 10.33%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.94% | Oct 8, 2020 | 768 | Oct 19, 2023 | — | — | — |
| -6.85% | Mar 6, 1987 | 162 | Oct 19, 1987 | 52 | Dec 30, 1987 | 214 |
| -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 1.56%, 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.