Fidelity International Bond Index Fund
FBIIX
NASDAQ- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Fidelity International Bond Index Fund (FBIIX) is an open-end mutual fund that seeks a high level of current income by tracking the Bloomberg Global Aggregate ex-USD ex-EM Float Adjusted RIC Diversified Index (Hedged USD); the fund normally invests at least 80% of its assets in securities included in the index, which comprises fixed-rate treasury, government-related, corporate, and securitized bonds from developed markets excluding the United States and emerging markets; investments emphasize investment-grade debt with a focus on high interest-rate sensitivity and moderate credit quality. The portfolio features diversified non-U.S. bond holdings (94.47%), U.S. bonds (3.83%), and cash (1.70%), with top exposures to issuers such as Fidelity Cash Central Fund, various People's Republic of China government bonds, and China Development Bank; key metrics include a net expense ratio of 0.06%, 30-day SEC yield around 2.92%, duration reflecting moderate interest-rate risk, and total net assets of approximately $997 million USD. Launched on October 10, 2019, and domiciled in the United States, the fund operates primarily for U.S. investors targeting global bond exposure hedged to USD, with management led by Brandon Bettencourt, Michael Foggin, Andrew Lewis (since inception), and Mark Lande (since October 2024); it is offered through Fidelity Investments with no minimum initial investment and daily pricing. In recent developments, the fund maintained stable operations amid 2024-2025 market volatility, posting quarterly returns such as -0.22% and 1.81% in 2025 and 0.32% and 0.03% in 2024, alongside a one-year return of 4.73%, three-year annualized return of 5.07%, and five-year return of 0.48%; no major mergers, acquisitions, partnerships, or strategic shifts specific to FBIIX were reported in the last 1-2 years, though Fidelity broadly announced equity fund consolidations unrelated to this bond product, and portfolio turnover remains aligned with index tracking. The fund targets individual and institutional investors seeking diversified international fixed-income exposure outside U.S. and emerging markets, with geographic focus on developed regions including Europe, Japan, and Australia through index constituents.