2024-08-09 09:20:00 ET
Summary
- Fidelity Limited Term Government Fund provides investors exposure to the government and government-related sectors of the U.S. bond market.
- U.S. taxable investment-grade bonds, as measured by the Bloomberg U.S. Aggregate Bond Index, posted a very modest gain (+0.07%) in the second quarter of 2024 amid mixed economic data and an ongoing holding pattern on benchmark interest rates by the U.S. Federal Reserve.
- U.S. government securities posted a modestly positive return during the quarter.
Investment Approach
- Fidelity® Limited Term Government Fund provides investors exposure to the government and government-related sectors of the U.S. bond market. The strategy may invest in U.S. Treasuries, Treasury Inflation-Protected Securities ((TIPS)), debt issued by government-related agencies (e.g., Fannie Mae, Freddie Mac), and mortgage-backed securities ((MBS)) issued by Fannie Mae, Freddie Mac and Ginnie Mae.
- Benchmarked against the Bloomberg U.S. 1-5 Year Government Bond Index, the fund seeks to deliver competitive, risk-adjusted performance commensurate with investor expectations of a shorter-term government bond fund.
- Utilizing a team-based investment process, the fund relies on experienced portfolio management, extensive research and specialized trading. We concentrate on areas where we believe we can repeatedly add value, including sector and security selection, yield-curve positioning and opportunistic trading.
- A robust governance and multilayer risk-management platform support the identification of both opportunities and risks.
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Fidelity Limited Term Government Fund Q2 2024 Review
