Fidelity Mortgage Securities Fund
FMSFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
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
- Address
- Fidelity Advisor Series II MA United States of America
- IPO Date
- Dec 31, 1984
- CIK
- 0000795422
- Website
- institutional.fidelity.com
- Similar Companies
- Business
- Fidelity Mortgage Securities Fund (FMSFX) is an open-end mutual fund managed by Fidelity Investments that seeks a high level of current income, consistent with prudent investment risk, by normally investing at least 80% of assets in investment-grade mortgage-related securities of medium and high quality, including agency mortgage-backed securities from Federal National Mortgage Association and Government National Mortgage Association, asset-backed securities, commercial mortgage-backed securities, and repurchase agreements for those securities; it may also allocate a portion to cash equivalents such as Fidelity Cash Central Fund. The fund primarily focuses on the intermediate government Morningstar category within the fixed income asset class, targeting investors seeking income from U.S. securitized debt with high credit quality diversification, predominantly in agency mortgage-backed securities comprising nearly 99% of holdings. It operates with a net expense ratio of approximately 0.44%, daily pricing, and total net assets around $649 million. Launched on December 31, 1984, the fund is domiciled in the United States with headquarters at Fidelity Investments in Boston, Massachusetts. Portfolio management is led by Franco Castagliuolo since December 8, 2009, and co-manager Sean Corcoran since December 8, 2017, emphasizing exposure to a broad set of U.S. mortgage-related offerings including traditional government-agency pools. The fund serves retail and institutional investors through platforms like institutional.fidelity.com, with no front-end or deferred loads and a minimum initial investment of $0. Recent operational aspects include ongoing management tenure stability with no reported major portfolio manager changes, funding rounds, acquisitions, or strategic alliances specific to the fund in the last 1-2 years; it maintains a contractual expense cap, with net expense ratios reflecting prospectus updates as of recent financial statements. The fund continues to emphasize prudent risk in its strategy amid fixed income market conditions, with recent dividend distributions such as $0.03 per share as of October 2025 supporting its income objective. No significant name changes, reorganizations, or new product launches were noted in public filings or updates through 2025.