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Morningstar

Fidelity® GNMA FGMNX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 9.63  /  0.19 %
  • Total Assets 2.1 Bil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.22%
  • Effective Duration 5.12 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 PM GMT+0

Morningstar’s Analysis FGMNX

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

People Pillar

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

Adept at unearthing value in the Ginnie Mae market.

Senior Analyst Sam Kulahan

Sam Kulahan

Senior Analyst

Summary

Fidelity Ginnie Mae’s experienced team applies an effective, risk-conscious approach to the mortgage market backed by proprietary analytics.

by Sam Kulahan
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FGMNX

More FGMNX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 2398
  • Other Holdings 22
  • % Assets in Top 10 Holdings 48.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Revere Str Tr

11.31
260,947,943
Cash and Equivalents

Government National Mortgage Association 3%

10.06
232,049,513
Securitized

Government National Mortgage Association 2%

5.66
130,494,917
Securitized

Government National Mortgage Association 2%

5.52
127,212,007
Securitized

Government National Mortgage Association 2.5%

4.46
102,779,541
Securitized

Government National Mortgage Association 2%

4.39
101,361,031
Securitized

Government National Mortgage Association 2.5%

4.23
97,572,405
Securitized

Government National Mortgage Association 2.5%

3.82
88,104,628
Securitized

Government National Mortgage Association 2.5%

3.73
86,044,357
Securitized

Government National Mortgage Association 2%

3.56
82,211,306
Securitized