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Morningstar

Fidelity® Conservative Income Bond FCONX

Morningstar Analyst Rating
Analyst rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 10.00  /  0.01 %
  • Total Assets 5.9 Bil
  • Adj. Expense Ratio
    0.350%
  • Expense Ratio 0.350%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 2.23%
  • Effective Duration 0.20 years

USD | NAV as of Mar 20, 2023 | 1-Day Return as of Mar 20, 2023, 10:26 PM GMT+0

Morningstar’s Analysis FCONX

Will FCONX 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 FCONX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FCONX 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 FCONX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An enhanced cash offering with a corporate bias.

Analyst

Summary

| by Saraja Samant

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.

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FCONX

More FCONX Holdings
  • Current Portfolio Date Jan 31, 2023
  • Equity Holdings 0
  • Bond Holdings 149
  • Other Holdings 63
  • % Assets in Top 10 Holdings 6.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Revere Str Tr

10.45
611,347,875
Cash and Equivalents

United States Treasury Bills 0%

3.60
210,238,864
Government

United States Treasury Bills 0%

3.15
184,127,435
Government

United States Treasury Bills 0%

2.06
120,614,734
Government

United States Treasury Notes 3%

1.46
85,158,046
Government

NTT Finance Corp 0.373%

0.85
49,639,153
Cash and Equivalents

Credit Suisse AG New York Branch 4.87429%

0.84
48,886,100
Corporate

Goldman Sachs Group, Inc. 5.44186%

0.80
46,936,345
Cash and Equivalents

JPMorgan Chase & Co. 4.91115%

0.69
40,583,399
Corporate

UBS AG, London Branch 4.46852%

0.63
36,624,138
Corporate