Fidelity Long-Term Treasury Bond Index Fund (FNBGX)
Fidelity Long-Term Treasury 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 $8.49, down 0.12% on the session, giving a market capitalisation of $4.83B. Its beta of 2.24 implies it has historically moved more than the broad market.
The fund generally commits a minimum of 80% of its assets to the debt instruments that constitute the Bloomberg U.S. Long Treasury Bond Index. Its portfolio typically features a dollar-weighted average maturity of ten years or more, aligning with the characteristics of its benchmark index. To replicate the returns of the Bloomberg U.S. Long Treasury Bond Index using a more focused selection of securities, the advisor employs sophisticated statistical sampling techniques. These techniques are informed by factors including duration, maturity, sensitivity to interest rate changes, the underlying structure of the bonds, and their credit quality.
Fidelity Long-Term Treasury Bond Index Fund is most often compared with the following Financial Services names: