FBNDX

About FBNDX

The Fidelity Investment Grade Bond Fund is an open-end mutual fund focused on generating a high level of current income by investing primarily in investment-grade debt securities. The fund typically allocates at least 80% of its assets to medium and high-quality bonds, including U.S. Treasuries, corporate bonds, and debt issued by both domestic and foreign entities. Its portfolio is broadly diversified, featuring thousands of individual securities, with a notable concentration in U.S. government and agency bonds. As a core fixed-income strategy, the fund plays a significant role in providing stability and income within a diversified investment portfolio. It has a high degree of credit quality and moderate interest rate sensitivity, making it a prominent choice in the intermediate core bond segment. With assets totaling over $10 billion, this fund stands out for its scale and broad market exposure, while maintaining a competitive expense ratio. Monthly income distributions are a leading feature, and the fund serves institutional and individual investors seeking consistent income and capital preservation in the fluctuating bond market environment.