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Morningstar

Fidelity® Mortgage Securities FMSFX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 9.32  /  0.31 %
  • Total Assets 493.1 Mil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.97%
  • Effective Duration 5.92 years

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

Morningstar’s Analysis FMSFX

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

People Pillar

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

This mortgage offering’s risk-conscious approach sets it apart.

Senior Analyst Sam Kulahan

Sam Kulahan

Senior Analyst

Summary

Fidelity Mortgage Securities’ experienced managers adopt a well-executed, conservative approach to the mortgage market.

by Sam Kulahan
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FMSFX

More FMSFX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 1327
  • Other Holdings 17
  • % Assets in Top 10 Holdings 21.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Government National Mortgage Association 3%

3.29
16,733,912
Securitized

Government National Mortgage Association 2%

2.58
13,097,815
Securitized

Federal National Mortgage Association 2%

2.53
12,873,969
Securitized

Fidelity Revere Str Tr

2.39
12,150,840
Cash and Equivalents

Federal Home Loan Mortgage Corporation 3.5%

2.29
11,624,594
Securitized

Lch Ois Sofrv3.75% Mac 9/20/28

2.07
10,498,837
Government

Fnma Pass-Thru I 2%

1.87
9,491,868
Securitized

Government National Mortgage Association 2.5%

1.81
9,208,322
Securitized

Government National Mortgage Association 5.5%

1.74
8,847,395
Securitized

Federal National Mortgage Association 1.5%

1.73
8,798,893
Securitized