Fidelity Flex U.S. Bond Index Fund (FIBUX)
Fidelity Flex U.S. Bond Index Fund operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $8.77, up 0.11% on the session, giving a market capitalisation of $4.04B. Its beta of 1.00 implies it has historically moved less than the broad market.
This fund aims to replicate the overall performance, encompassing both price appreciation and interest income, of the debt securities included in the Bloomberg U.S. Aggregate Bond Index. Typically, at least 80% of the fund's total assets are dedicated to these specific debt instruments. To achieve efficient index mirroring with a more concentrated portfolio of holdings, the advisor employs statistical sampling. This analytical approach evaluates factors such as bond duration, maturity, interest rate sensitivity, security structure, and credit quality. Furthermore, the fund allocates a portion of its investments to Fidelity's proprietary central funds.
Fidelity Flex U.S. Bond Index Fund is most often compared with the following Financial Services names: