FSTGX

About FSTGX

Fidelity Intermediate Government Income Fund is an actively managed mutual fund focused on generating a high level of current income while emphasizing preservation of capital. The fund primarily invests in U.S. government securities, including Treasury notes and obligations of government agencies and government-sponsored enterprises, and may utilize repurchase agreements backed by these instruments. It maintains an intermediate interest-rate profile by targeting a dollar‑weighted average maturity between three and ten years, aligning its duration and sector mix to balance income with interest-rate sensitivity. The portfolio allocates across maturities and government-related sectors, and may hold central funds for liquidity management. Positioned within the intermediate government category, the fund seeks to provide steady income with relatively limited credit risk compared with corporate bond strategies, reflecting its focus on securities backed by or associated with the U.S. government. Key characteristics cited by third-party research include a moderate effective duration and a cost structure that sits competitively versus peers, supporting its role as a core fixed income holding for investors seeking government exposure and monthly distributions.