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A Newly Top-Rated Core Bond Fund

Fidelity U.S. Bond Index now earns a Gold rating. Here's why.

The following is our latest Fund Analyst Report for Fidelity U.S. Bond Index (FXNAX). Morningstar Premium Members have access to full analyst reports such as this for more than 1,000 of the largest and best mutual funds. Not a Premium Member? Gain full access to our analyst reports and advanced tools immediately when you try Morningstar Premium free for 14 days.

Fidelity U.S. Bond Index FXNAX is a great core investment-grade bond fund. Under our new ratings framework, which places greater emphasis on fees, the fund warrants a Morningstar Analyst Rating upgrade to Gold from Silver.

Neal Kosciulek does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.