Fidelity Limited Term Government Fund
FFXSX
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
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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
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Nov 10, 1986
- CIK
- 0000719451
- Website
- institutional.fidelity.com
- Similar Companies
- Business
- Fidelity Limited Term Government Fund (FFXSX) is an open-end mutual fund managed by Fidelity Investments that seeks a high level of current income consistent with the preservation of principal by investing at least 80% of its assets in U.S. government securities and repurchase agreements for those securities; U.S. government agency securities issued by entities chartered or sponsored by Congress but neither issued nor guaranteed by the U.S. Treasury; and instruments related to U.S. government securities, such as futures contracts and options. The fund normally maintains a dollar-weighted average maturity of two to five years and focuses on securities in the short government category with high credit quality and limited interest-rate sensitivity, including holdings such as U.S. Treasury Notes and agency mortgage-backed securities. It serves institutional and retail investors seeking exposure to the government and government-related sectors of the U.S. bond market. Managed by Fidelity Investments, a Boston-based asset manager founded in 1946 and headquartered at 245 Summer Street, Boston, Massachusetts, the fund was launched on November 10, 1986, with current portfolio managers Franco Castagliuolo (since December 8, 2009) and Sean Corcoran (since December 8, 2017). Fidelity Investments oversees approximately $167 million to $233 million in net assets for the fund, with a net expense ratio of 0.30%, daily pricing, and no front-end or deferred loads. The fund operates primarily in the United States, benchmarking performance against the Bloomberg U.S. 1-5 Year Government Bond Index. Recent performance for the semiannual period ending May 31, 2025, shows the fund gained 2.51% net of fees, closely tracking its benchmark at 2.58%, amid ongoing portfolio management with top holdings comprising approximately 38% of assets in U.S. Treasury Notes. No major acquisitions, mergers, partnerships, or strategic shifts specific to FFXSX have been reported in the last 1-2 years, reflecting stability in Fidelity's government bond offerings amid broader firm initiatives like fund mergers in other equity and sector portfolios during 2024-2025. The fund continues to emphasize high-quality, low-duration U.S. government debt for income-oriented investors.