Fund info

Fidelity Government Income Fund is a mutual fund focused on providing a high level of current income while preserving principal. Its primary strategy involves investing at least 80% of its assets in U.S. government securities and in repurchase agreements backed by these securities. This includes exposure to obligations issued or sponsored by U.S. government entities, some of which may not be explicitly guaranteed by the U.S. Treasury. The fund diversifies across various sectors and maturities within the government bond universe, enabling it to manage interest rate risk and credit quality while seeking steady income streams. Notably, dividends are distributed on a monthly basis, offering predictable income for investors. The fund's consistent approach has made it a staple within the intermediate government bond category, often appealing to those seeking stability and income within the broader fixed income market. Fidelity Government Income Fund holds a large number of individual securities, evidencing its diversified structure, and is widely utilized in retirement and conservative allocation strategies due to its emphasis on government-backed fixed income instruments.