Fidelity GNMA Fund (FGMNX)
Fidelity GNMA Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $9.94, up 0.40% on the session, giving a market capitalisation of $1.69B. Its beta of 1.10 implies it has historically moved more than the broad market.
This fund primarily allocates at least 80% of its holdings to Ginnie Mae securities, encompassing direct investments and those facilitated by repurchase agreements. Additionally, it diversifies into various other U.S. government debt instruments and related financial vehicles. A segment of its investments includes U.S. government-backed securities originating from entities chartered or sponsored by Congress, distinct from those directly issued or guaranteed by the U.S. Treasury Department. The fund's objective is to maintain an overall interest rate sensitivity comparable to the Bloomberg Barclays GNMA Index.
Fidelity GNMA Fund is most often compared with the following Financial Services names: