Morningstar

Fidelity Government Income Fund FGOVX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 9.11  /  +0.11 %
  • Total Assets 1.4B
  • 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 0
  • Status Open
  • TTM Yield 3.50%
  • Effective Duration 5.71 years

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 4:47 AM GMT+0

Morningstar’s Analysis FGOVX

Will FGOVX outperform in the 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 FGOVX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

Still an attractive option.

Senior Analyst Max Curtin

Max Curtin

Senior Analyst

Summary

Fidelity Government Income’s combination of experienced structured product investors and strong quantitative capabilities inspires confidence despite recent underperformance.

by Max Curtin
Rated on Published on

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Portfolio Holdings FGOVX

More FGOVX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 46.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash

17.73 247M
Cash and Equivalents

United States Treasury Notes 4%

10.26 143M
Government

United States Treasury Notes 3.5%

8.24 115M
Government

United States Treasury Notes 3.5%

7.86 109M
Government

United States Treasury Bonds 4.375%

5.74 80M
Government

United States Treasury Bonds 3%

4.19 58M
Government

United States Treasury Notes 4.125%

3.79 53M
Government

United States Treasury Bonds 3.625%

3.10 43M
Government

United States Treasury Notes 3.875%

2.85 40M
Government

United States Treasury Notes 3.875%

2.66 37M
Government

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