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Morningstar

Fidelity® Conservative Income Bond Retl FCNVX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 10.01  /  0.01 %
  • Total Assets 5.7 Bil
  • Adj. Expense Ratio
    0.250%
  • Expense Ratio 0.250%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 2.67%
  • Effective Duration 0.27 years

USD | NAV as of May 26, 2023 | 1-Day Return as of May 26, 2023, 10:14 PM GMT+0

Morningstar’s Analysis FCNVX

Will FCNVX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FCNVX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FCNVX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of FCNVX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An enhanced cash offering with a corporate bias.

Analyst Saraja Samant

Saraja Samant

Analyst

Summary

Fidelity Conservative Income Bond’s cautious emphasis on very short-term corporate debt benefits from experienced leadership, deep supporting resources, and meticulous risk management. It earns a Morningstar Analyst Rating of Silver for its Institutional share class and a Bronze for its other share class.

by Saraja Samant
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FCNVX

More FCNVX Holdings
  • Current Portfolio Date Mar 31, 2023
  • Equity Holdings 0
  • Bond Holdings 153
  • Other Holdings 55
  • % Assets in Top 10 Holdings 8.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Revere Str Tr

12.17
685,792,015
Cash and Equivalents

United States Treasury Bills 0%

3.76
211,993,582
Government

United States Treasury Bills 0%

3.29
185,532,746
Government

United States Treasury Notes 3%

2.56
144,364,336
Government

United States Treasury Bills 0%

2.16
121,544,463
Government

United States Treasury Notes 4.125%

1.78
100,222,588
Government

Credit Suisse AG New York Branch 5.0123%

0.86
48,519,580
Corporate

Fifth Third Bancorp 3.65%

0.67
37,840,451
Corporate

UBS AG, London Branch 4.99492%

0.65
36,463,408
Corporate

Canadian Imperial Bank of Commerce 5.59%

0.60
33,808,526
Cash and Equivalents