Credit: Shutterstock photoFidelity Intermediate Bond ( FTHRX ) a Zacks Ranked #1 (Strong Buy) seeks a high level of current income. FTHRX normally invests a major portion of the fund's assets in investment-grade bonds of all types and repurchase agreements of those securities. In addition, FTHRX normally maintains a dollar-weighted average maturity between three and ten years. FTHRX offers dividends monthly. Capital gains are distributed in the month of June and December.
The Fidelity Intermediate Bond fund, managed by Fidelity , carries an expense ratio of 0.45. Moreover, FTHRX requires a minimal initial investment of $2,500.
FTHRX has a history of strong positive total returns for over 10 years. Specifically, the fund's returns over the 1, 3, 5 year benchmarks; 1 year 1.99%, 3 year 1.61%, and 5 year 3.08%. To see how this fund performed compared in its category, please click here .
FTHRX's performance, as of the last filing, when compared to funds in its category was in the top 22% in 1 year, top 46% over the past 3 years, and in the 46% over the past 5 years.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
