Investment objective & strategy
As of Oct. 27, 2025 · prospectusObjective. Fidelity Series Government Bond Index Fund seeks a high level of current income.
Strategy. Normally investing at least 80% of assets in securities included in the Bloomberg U.S. Government Bond Index. The Bloomberg U.S. Government Bond Index is a market value-weighted index of U.S. Government fixed-rate debt issues with maturities of one year or more. Effective December 11, 2025, derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Using statistical sampling techniques based on duration, maturity, interest rate sensitivity, security structure, and credit quality to attempt to replicate the returns of the Bloomberg U.S. Government Bond Index using a … Normally investing at least 80% of assets in securities included in the Bloomberg U.S. Government Bond Index. The Bloomberg U.S. Government Bond Index is a market value-weighted index of U.S. Government fixed-rate debt issues with maturities of one year or more. Effective December 11, 2025, derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Using statistical sampling techniques based on duration, maturity, interest rate sensitivity, security structure, and credit quality to attempt to replicate the returns of the Bloomberg U.S. Government Bond Index using a smaller number of securities.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| US TREASURY N/B | — | $25.55M | 1.68% |
| US TREASURY N/B | — | $24.39M | 1.60% |
| US TREASURY N/B | — | $23.38M | 1.54% |
| US TREASURY N/B | — | $23.19M | 1.52% |
| US TREASURY N/B | — | $22.97M | 1.51% |
| US TREASURY N/B | — | $22.83M | 1.50% |
| US TREASURY N/B | — | $22.13M | 1.45% |
| US TREASURY N/B | — | $20.35M | 1.34% |
| US TREASURY N/B | — | $20.08M | 1.32% |
| US TREASURY N/B | — | $19.21M | 1.26% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| VANGUARD TOTAL TREASURY ETF · VTG | 64% | 0.03% |
| Columbia U.S. Treasury Index Fund · LUTAX, IUTIX, CUTRX, CUTYX | 64% | 0.17% |
| State Street(R) SPDR(R) Portfolio Treasury ETF · SPTB | 63% | 0.03% |
Advisers
| Firm | Role |
|---|---|
| FMR Investment Management (UK) Limited | Sub-adviser |
| Fidelity Management & Research (Japan) Limited | Sub-adviser |
| Fidelity Management & Research (Hong Kong) Limited | Sub-adviser |
| Fidelity Management & Research Company LLC | Adviser |
Footnotes
- Expense ratio as of October 27, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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