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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 10/31/2009.

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 Ginnie Mae Fund Intermediate Government Out of 335 Out of 335 Out of 317 Out of 234
Fidelity Government Income Fund Intermediate Government Out of 335 Out of 335 Out of 317 Out of 234
Fidelity Institutional Short-Intermediate Government Fund Short Government Out of 150 Out of 150 Out of 145 Out of 108
Fidelity Strategic Income Fund Multisector Bond Out of 170 Out of 170 Out of 131 Out of 106
Fidelity Total Bond Fund Intermediate-Term Bond Out of 954 Out of 954 Out of 836  
Fidelity U.S. Bond Index Fund Intermediate-Term Bond Out of 954 Out of 954 Out of 836 Out of 480
Spartan Intermediate Treasury Bond Index Fund - Fidelity Advantage Class Intermediate Government Out of 335 Out of 335    
Spartan Intermediate Treasury Bond Index Fund - Investor Class Intermediate Government Out of 335 Out of 335    
Spartan Long-Term Treasury Bond Index Fund - Fidelity Advantage Class Long Government Out of 29 Out of 29    
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 87 Out of 87 Out of 64  
Fidelity Capital & Income Fund High Yield Bond Out of 466 Out of 466 Out of 400 Out of 257
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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 72 Out of 72 Out of 51 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 Municipal Income Fund Muni National Long Out of 245 Out of 245 Out of 227 Out of 202
Fidelity Tax-Free Bond Fund Muni National Long Out of 245 Out of 245 Out of 227  
Fidelity Intermediate Municipal Income Fund Muni National Interm Out of 231 Out of 231 Out of 209 Out of 128
Fidelity Short-Intermediate Municipal Income Fund Muni National Short Out of 119 Out of 119 Out of 117 Out of 64
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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 77 Out of 77    
Fidelity Michigan Municipal Income Fund Muni Single State Interm Out of 244 Out of 244 Out of 237 Out of 194
Fidelity New York Municipal Income Fund Muni New York Long Out of 109 Out of 109 Out of 109 Out of 94
Fidelity Arizona Municipal Income Fund Muni Single State Long Out of 305 Out of 305 Out of 284 Out of 266
Fidelity California Municipal Income Fund Muni California Long Out of 149 Out of 149 Out of 137 Out of 115
Fidelity Connecticut Municipal Income Fund Muni Single State Interm Out of 244 Out of 244 Out of 237 Out of 194
Fidelity Maryland Municipal Income Fund Muni Single State Interm Out of 244 Out of 244 Out of 237 Out of 194
Fidelity Massachusetts Municipal Income Fund Muni Massachusetts Out of 75 Out of 75 Out of 69 Out of 59
Fidelity Minnesota Municipal Income Fund Muni Minnesota Out of 55 Out of 55 Out of 53 Out of 52
Fidelity New Jersey Municipal Income Fund Muni New Jersey Out of 58 Out of 58 Out of 56 Out of 48
Fidelity Ohio Municipal Income Fund Muni Ohio Out of 63 Out of 63 Out of 57 Out of 50
Fidelity Pennsylvania Municipal Income Fund Muni Pennsylvania Out of 82 Out of 82 Out of 81 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