Fidelity U.S. Bond Index Fund FXNAX is a great core investment-grade bond fund. Under our new ratings framework, which places greater emphasis on fees, the fund warrants an upgrade to a Morningstar Analyst Rating of Gold from Silver.
Will FXNAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FXNAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FXNAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of FXNAX’s parent organization’s priorities and whether they’re in line with investors’ interests.