Fidelity Total Bond
FTBFX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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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
- Oct 16, 2002
- CIK
- 0000751199
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Total Bond Fund (FTBFX) is an actively managed open-end mutual fund offered by Fidelity Investments that seeks a high level of current income by allocating assets across investment-grade debt securities, high yield bonds, and emerging markets debt. The fund invests primarily in U.S. government and investment-grade corporate bonds, mortgage-backed securities, asset-backed securities, high yield non-investment-grade bonds, and emerging market debt instruments from countries defined by MSCI emerging stock markets or World Bank low- to middle-income economies; it employs a total return approach balancing income generation with capital appreciation potential through diversified fixed-income strategies. Top holdings include significant allocations to U.S. Treasury notes and bonds (such as 3.625% Treasury Notes and 4.5% Treasury Bonds), alongside Fidelity Cash Central Fund for liquidity. The fund, with an inception date of October 11, 2002, is headquartered in Boston, Massachusetts, as part of Fidelity Investments' broad lineup of fixed-income products targeting individual and institutional investors seeking core bond exposure. It operates globally through its emerging markets and international debt allocations, with primary focus on U.S. dollar-denominated securities and a portfolio net assets exceeding $40 billion as of recent data. Fidelity Total Bond Fund falls within the Morningstar Intermediate Core-Plus Bond category, emphasizing competitive risk-adjusted performance against benchmarks like the Bloomberg U.S. Aggregate Bond Index. In recent developments, longtime portfolio manager Ford O’Neil announced his transition from day-to-day management duties effective September 30, 2026, shifting to a senior advisor role into 2027; Celso Munoz, co-lead manager since October 2022, assumes sole lead responsibilities on Fidelity Total Bond, supported by a strengthened generalist team including new manager Julian Potenza effective April 1, 2026. This succession builds on Fidelity's team-based approach, with the fixed-income group adding Stacie Ware in 2024 to enhance asset allocation capabilities. As of mid-2025, the fund maintains a 30-Day SEC Yield of approximately 5.00%, yield to maturity of 4.88%, and effective duration reflecting intermediate-term positioning amid ongoing portfolio adjustments.