Fidelity Conservative Income Bond
FCNVX
NASDAQ10.06
USD
- -
- -
CIK
0000035315
ISIN
US3161465212
CUSIP
316146521
Return %
Stock
S&P500
1Y
-0.10
19.01
3Y
0.50
65.48
5Y
0.10
72.20
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.- CEO
- Abigail Johnson
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- May 26, 2011
- CIK
- 0000035315
- Website
- fidelity.com
- Similar Companies
- Business
- Fidelity Conservative Income Bond Fund (FCNVX) is an open-end mutual fund managed by Fidelity Investments that seeks a high level of current income consistent with the preservation of capital. The fund normally invests at least 80% of its assets in U.S. dollar-denominated money market instruments and investment-grade debt securities, including short-term U.S. Treasury bills and notes, U.S. Treasury Notes, corporate bonds, agency securities, repurchase agreements, and cash equivalents; its portfolio features high credit quality with significant allocations to cash (around 40%) and U.S. bonds (around 44%), supplemented by non-U.S. bonds. Classified in the Morningstar Ultrashort Bond category, it emphasizes limited interest-rate sensitivity and high-quality holdings to minimize principal risk for institutional and individual investors seeking stable income. With total net assets of approximately $7.59 billion and a net expense ratio of 0.25%, the fund offers daily liquidity and maintains a weighted average maturity typically under one year. The fund, domiciled in the United States and launched on March 3, 2011, operates under Fidelity Management & Research Company (FMR), headquartered at 245 Summer Street, Boston, Massachusetts. It targets conservative fixed-income investors, including retirement plans and cash management portfolios, with availability primarily in the U.S. market. Portfolio management is led by a team including Robert Galusza (since November 12, 2015), Julian Potenza (since October 30, 2017), Maura Walsh (since October 30, 2018), David DeBiase (since October 30, 2020), and John Mistovich (since October 1, 2024), reflecting a recent addition to enhance oversight. In late 2024, the fund implemented small tweaks to its risk profile, as noted in a December 1 prospectus supplement effective December 6, alongside routine portfolio adjustments amid stable pricing around $10.06 NAV. No major acquisitions, funding rounds, or strategic alliances were reported in 2024-2025, with ongoing emphasis on high-quality, ultra-short duration fixed-income strategies.