Fidelity Investment Grade Bond Fund
FBNDX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Jan 2, 1980
- CIK
- 0000035315
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Investment Grade Bond Fund (FBNDX) is an open-end mutual fund managed by Fidelity Management & Research Company LLC, a subsidiary of FMR LLC, that seeks a high level of current income by investing primarily in investment-grade debt securities. The fund offers exposure to a diversified portfolio of U.S. dollar-denominated, investment-grade fixed-rate debt obligations, including U.S. government and investment-grade corporate bonds, mortgage-backed securities, asset-backed securities, and other debt instruments rated in the top four categories by Moody's, S&P, or Fitch; it may also allocate up to 20% to high yield debt securities and foreign securities. Fidelity Investment Grade Bond Fund serves institutional and retail investors seeking income and moderate capital appreciation with lower credit risk compared to high-yield funds, operating within the taxable bond segment of the fixed income industry and targeting broad U.S. and select international debt markets. Established in 1972 and domiciled in the United States with primary oversight from Fidelity's headquarters in Boston, Massachusetts, the fund maintains a global footprint through its investments while adhering to U.S. regulatory standards under the Investment Company Act of 1940. In recent developments, the fund underwent a portfolio management transition in 2023 with the addition of experienced fixed income specialists to enhance duration management and sector allocation amid rising interest rates; it also benefited from Fidelity's broader strategic initiatives, including expanded ESG integration options for bond selections and a 2024 enhancement to its laddered maturity approach to optimize yield curve positioning. No significant reorganizations or name changes have occurred, but the fund continues to adapt to macroeconomic shifts through active duration adjustments targeting intermediate-term horizons of 5-7 years.