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Quick Guide to Fidelity Mortgage Securities Fund (FMSFX)

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Fidelity Mortgage Securities (FMSFX - Free Report) a Zacks Rank #1 (Strong Buy) invests at least 80% of its total assets in investment-grade mortgage-related securities (those of medium and high quality) and repurchase agreements for those securities.

The Fidelity Mortgage Securities fund, managed by Fidelity, carries an expense ratio of 0.45%. Moreover, FMSFX requires a minimal initial investment of $2,500.

FMSFX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 0.74%, 3 year 2.66% and 5 year 2.29%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here .

FMSFX’s performance, as of the last filing, when compared to funds in its category was in the top 49% in 1 year, top 17% over the past 3 years, and in the 26% over the past 5 years.

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