Fund info

The Fidelity Intermediate Treasury Bond Index Fund is a mutual fund that seeks to provide a high level of current income by tracking the performance of the Bloomberg U.S. 5-10 Year Treasury Bond Index. This fund primarily invests at least 80% of its assets in U.S. Treasury securities with maturities generally ranging from five to ten years, offering investors exposure to intermediate-term government bonds with minimal credit risk. Its portfolio consists exclusively of U.S. Treasury notes, ensuring top-tier credit quality as indicated by its 100% AAA rating. The fund employs a sampling strategy to closely match the benchmark’s duration and interest rate sensitivity, maintaining an average maturity typically aligned with the intermediate government bond sector—currently around 6.1 years. With over $6 billion in assets, a very low expense ratio of 0.03%, and monthly dividend distributions, this fund is designed for investors seeking cost-effective access to the intermediate segment of the U.S. Treasury market. Its role is particularly significant for diversification, risk management, and income within broader fixed income or balanced portfolios.