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Morningstar Highly Rated Fidelity Bond Funds

Fidelity offers a wide-range of bond funds that can play an important role in your portfolio strategy. They may help you achieve a variety of investment objectives, including portfolio diversification, regular income, portfolio stabilization, or help you manage the impact of tax on your investments.


The funds below have garnered 4 or 5 star ratings from Morningstar.

Morningstar Overall Ratings as of 01/31/2010.

The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics, which are based on a risk-adjusted return.
Past performance is no guarantee of future results.
Taxable Bond
    Morningstar Ratings
Number of Funds in Rating Category
  Category Overall 3 Year 5 Year 10 Year
Fidelity GNMA Fund Intermediate Government Out of 340 Out of 340 Out of 312 Out of 229
Fidelity Government Income Fund Intermediate Government Out of 340 Out of 340 Out of 312 Out of 229
Fidelity Institutional Short-Intermediate Government Fund Short Government Out of 150 Out of 150 Out of 144 Out of 113
Fidelity Strategic Income Fund Multisector Bond Out of 176 Out of 176 Out of 151 Out of 107
Fidelity Total Bond Fund Intermediate-Term Bond Out of 986 Out of 986 Out of 862  
Fidelity U.S. Bond Index Fund Intermediate-Term Bond Out of 986 Out of 986 Out of 862 Out of 495
Spartan Intermediate Treasury Bond Index Fund - Fidelity Advantage Class Intermediate Government Out of 340 Out of 340    
Spartan Intermediate Treasury Bond Index Fund - Investor Class Intermediate Government Out of 340 Out of 340    
Spartan Short-Term Treasury Bond Index Fund - Fidelity Advantage Class Short Government Out of 150 Out of 150    
Spartan Short-Term Treasury Bond Index Fund - Investor Class Short Government Out of 150 Out of 150    
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High Yield Bond
    Morningstar Ratings
Number of Funds in Rating Category
  Category Overall 3 Year 5 Year 10 Year
Fidelity Floating Rate High Income Fund Bank Loan Out of 92 Out of 92 Out of 63  
Fidelity Capital & Income Fund High Yield Bond Out of 477 Out of 477 Out of 410 Out of 260
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International/Global Bond
    Morningstar Ratings
Number of Funds in Rating Category
  Category Overall 3 Year 5 Year 10 Year
Fidelity New Markets Income Fund Emerging Markets Bond Out of 75 Out of 75 Out of 53 Out of 40
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National Municipal Bond
    Morningstar Ratings
Number of Funds in Rating Category
  Category Overall 3 Year 5 Year 10 Year
Fidelity Intermediate Municipal Income Fund Muni National Interm Out of 215 Out of 215 Out of 194 Out of 127
Fidelity Municipal Income Fund Muni National Long Out of 256 Out of 256 Out of 233 Out of 204
Fidelity Short-Intermediate Municipal Income Fund Muni National Short Out of 128 Out of 128 Out of 121 Out of 67
Fidelity Tax-Free Bond Fund Muni National Long Out of 256 Out of 256 Out of 233  
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State Municipal Bond
    Morningstar Ratings
Number of Funds in Rating Category
  Category Overall 3 Year 5 Year 10 Year
Fidelity California Short-Intermediate Tax-Free Bond Fund Muni California Interm/Sh Out of 72 Out of 72    
Fidelity Arizona Municipal Income Fund Muni Single State Long Out of 313 Out of 313 Out of 278 Out of 269
Fidelity California Municipal Income Fund Muni California Long Out of 155 Out of 155 Out of 143 Out of 114
Fidelity Connecticut Municipal Income Fund Muni Single State Interm Out of 230 Out of 230 Out of 219 Out of 179
Fidelity Maryland Municipal Income Fund Muni Single State Interm Out of 230 Out of 230 Out of 219 Out of 179
Fidelity Massachusetts Municipal Income Fund Muni Massachusetts Out of 75 Out of 75 Out of 70 Out of 59
Fidelity Michigan Municipal Income Fund Muni Single State Interm Out of 230 Out of 230 Out of 219 Out of 179
Fidelity Minnesota Municipal Income Fund Muni Minnesota Out of 60 Out of 60 Out of 53 Out of 52
Fidelity New Jersey Municipal Income Fund Muni New Jersey Out of 64 Out of 64 Out of 56 Out of 49
Fidelity New York Municipal Income Fund Muni New York Long Out of 112 Out of 112 Out of 109 Out of 94
Fidelity Ohio Municipal Income Fund Muni Ohio Out of 64 Out of 64 Out of 57 Out of 51
Fidelity Pennsylvania Municipal Income Fund Muni Pennsylvania Out of 87 Out of 87 Out of 80 Out of 76
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Evaluate other Fidelity four and five star funds with Fund Evaluator
Past performance is no guarantee of future results.
Funds included in the Domestic Equity category have a majority of their assets invested in U.S. issuers, but may also invest in non-U.S. issuers.
Highly rated funds are defined as those funds that have a 4- or 5- star Morningstar rating. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating (based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. Data provided by Morningstar, Inc.® 2001. All rights reserved. The information contained herein; (1) is proprietary to Morningstar and/or its affiliates; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fidelity does not review the Morningstar data and, for mutual fund performance information, you should check the fund's current prospectus for the most up to date information concerning applicable loads, fees and expenses.
Please carefully consider the fund's investment objectives, risks, charges and expenses before investing. For this and other information, call or write to Fidelity or select a fund name above for a free prospectus. Read it carefully before you invest or send money.
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Morningstar Highly Rated Fidelity Bond Funds