Fidelity Series Inflation-Protected Bond Index Fund (FSIPX)
Fidelity Series Inflation-Protected Bond Index Fund objective is seeking to provide investment results that correspond to the total return of the inflation-protected sector of the United States Treasury market. The mutual fund utilizes its assets to purchase inflation-protected debt securities included in the Barclays U.S. 1-10 Year Treasury Inflation-Protected Securities (TIPS) Index. It may use leverage, swaps and futures contracts, and forward-settling securities, to adjust the fund’s risk exposure.
Fund Profile
 |
| Fidelity Funds |
- Fund Inception Date: September 28, 2009
- Ticker Symbol: FSIPX
- CUSIP: 316146661
- Beta (3yr): 0.55
- Rank in category (YTD): 13%
- Category: Inflation-Protected Bond
- Yield: 0.05%
- Capital Gains: 0%
- Expense Ratio: 0.20%
- Net Assets: $ 8.4 billion
- Number of Years Up: 3 years
- Number of Years Down: 0 years
- Average maturity: 5.5 years
- Average duration: 3.5 years
- Annual Turnover Rate: 29%
Curt Hollingsworth and Alan Bembenek are the fund managers. As part of Fidelity fund family, it has large total assets of $8.4 billion. The annual expense ratio is 0.20%. The dividend distributed is very small with 0.05%. As of March 26, 2013, the annual holdings turnover is 29.00%. The average for the category is 76.63%.
Top Fidelity Mutual Funds 2013
Morningstar has ranked this inflation protected bond mutual fund with 2-stars rating. As of April 10, 2013, the fund has a year-to-date return of 0.70%. The fund has always returned in positive return since its inception in 2009. The annual fund performance is as below:
- Year 2012: 4.77%
- Year 2011: 8.63%
- Year 2010: 5.06%
According to the fund’s website, there are some principal investment risks, such as interest rate changes, prepayment, issuer-specific changes, correlation to index, leverage risk and investing for inflation protection.
Disclosure: No Position
No comments:
Post a Comment