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Fidelity Expands Index Fund Lineup

10/25/2017
Launches Fidelity Short-Term Bond Index Fund; Adds Share Classes to Existing Treasury Bond Index Funds

BOSTON — Fidelity Investments®, one of the industry's largest, most experienced providers of low-cost active and index investment products, today announced the launch of Fidelity Short-Term Bond Index Fund, a new short-duration bond fund. Fidelity also introduced two lower priced share classes—Institutional and Institutional Premium classes—to three existing Fidelity bond index funds: Fidelity Long-Term Treasury Bond Index Fund, Fidelity Intermediate Treasury Bond Index Fund and Fidelity Short-Term Treasury Bond Index Fund.

"Fidelity is committed to providing a choice of low-cost index options and we continue to build out that offering to meet investors' needs," said Colby Penzone, head of investment product, Fidelity Investments. "With this new fund and the addition of these two lower priced share classes, we are reinforcing our message to shareholders that we are firmly committed to providing them with high‐quality index funds that are among the lowest cost in the market."

A recent Morningstar research paper headlined, "Partnering With Passive Fund Sponsors That Have Your Back" highlighted Fidelity as an index fund manager that aligns its own economic interests with those of its funds' shareholders.

Fidelity Short-Term Bond Index Fund seeks a high level of current income consistent with preservation of capital by attempting to replicate the performance of the Bloomberg Barclays U.S. 1-5 Year Government/Credit Bond Index. It normally invests at least 80% of assets in securities included in the index. Fidelity Short-Term Bond Index offers four classes: Investor, Premium, Institutional and Institutional Premium.

Brandon Bettencourt and Jay Small, who manage Fidelity's existing bond index funds, will also co-manage Fidelity Short-Term Bond Index Fund.

With the launch of Fidelity Short-Term Bond Index Fund, Fidelity now offers 22 competitively priced stock and bond index mutual funds.


Fidelity Bond Index Funds:

Fund   Share Class Ticker Net Expense (bp)
Fidelity U.S. Bond Index Fund   Investor
Premium
Institutional
Institutional Premium
FBIDX
FSITX
FXSTX
FXNAX
14
4.5
3.5
2.5
Fidelity Short-Term Bond Index Fund New
New
New
New
Investor
Premium
Institutional
Institutional Premium
FNSJX
FNSKX
FNSLX
FNSOX
14
6
4
3
Fidelity Inflation-Protected Bond Index Fund   Investor
Premium
Institutional
Institutional Premium
FSIQX
FSIYX
FIPBX
FIPDX
19
9
6
5
Fidelity Short-Term Treasury Index Fund

New
New
Investor
Premium
Institutional
Institutional Premium
FSBIX
FSBAX
FBENX
FUMBX
16
6
4
3
Fidelity Intermediate Term Treasury Index Fund

New
New
Investor
Premium
Institutional
Institutional Premium
FIBIX
FIBAX
FUPDX
FUAMX
16
6
4
3
Fidelity Long-Term Treasury Index Fund

New
New
Investor
Premium
Institutional
Institutional Premium
FLBIX
FLBAX
FNAMX
FNBGX
16
6
4
3

The investment minimums for each of Fidelity's four index mutual fund share classes are:

  • Investor: $2,500
  • Premium: $10,000
  • Institutional: $5 million
  • Institutional Premium: $100 million

About Fidelity Investments

Fidelity's goal is to make financial expertise broadly accessible and effective in helping people live the lives they want. With assets under administration of $5.6 trillion, including managed assets of $2.1 trillion as of July 31, 2016, we focus on meeting the unique needs of a diverse set of customers: helping more than 25 million people invest their own life savings, nearly 20,000 businesses manage employee benefit programs, as well as providing nearly 10,000 advisory firms with investment and technology solutions to invest their own clients' money. Privately held for nearly 70 years, Fidelity employs 45,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about.

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