Fund info

Fidelity GNMA Fund is a mutual fund designed to provide investors with a high level of current income while maintaining prudent investment risk. Its primary focus is on securities issued by the Government National Mortgage Association (Ginnie Mae), with at least 80% of its assets invested in Ginnie Mae mortgage-backed securities and related repurchase agreements. The fund may also hold other U.S. government securities and instruments issued by entities chartered or sponsored by Congress, though these are not necessarily backed by the U.S. Treasury. Catering to the intermediate government bond category, the fund exhibits relatively high credit quality and moderate interest rate sensitivity, as reflected in its effective duration of approximately five years. With over 2,000 bond holdings and significant diversification, Fidelity GNMA Fund plays a vital role in providing exposure to U.S. government-backed housing debt. This makes it an important component for market participants seeking to balance income generation with stability. The fund distributes income monthly and generally appeals to those seeking reliable cash flow and lower credit risk within the fixed income segment of their portfolios.