FFXSX

About FFXSX

Fidelity Limited Term Government Fund is an actively managed mutual fund focused on short-duration U.S. government and government-related bonds. Its primary purpose is to provide diversified exposure to the front end of the U.S. rate curve by investing predominantly in U.S. Treasuries, Treasury Inflation-Protected Securities, and securities issued or guaranteed by agencies such as Fannie Mae, Freddie Mac, and Ginnie Mae, alongside repurchase agreements backed by these instruments. The portfolio is benchmarked to the Bloomberg U.S. 1–5 Year Government Bond Index and targets limited interest-rate sensitivity through a shorter effective duration profile. Key features include an emphasis on liquidity, high credit quality, and active duration and sector positioning within the government and agency mortgage-backed markets. The fund employs a team-based process led by experienced managers, seeking competitive risk-adjusted returns within the short government category. With transparent holdings and a cost structure positioned competitively among peers, Fidelity Limited Term Government Fund plays a role as a core short-term fixed income allocation for investors seeking stability and income from high-quality government debt.