INCOME FUNDS
Fidelity U.S. Bond Index Fund
Fund Code: 0651
what it is: An income mutual fund.
goal: Seeks to provide investment results that correspond to the total return of the bonds in the Lehman Brothers Aggregate Bond Index*.
what it invests in: Normally invests at least 80% of total assets in bonds included in the Lehman Brothers Aggregate Bond Index.
who might want to invest: Someone who hopes to match the average performance of the overall bond market as measured by the Aggregate Bond index.
Moderate investors who are looking for a higher return than a money market fund and who are willing to accept the greater investment risk of bonds of companies and government agencies.
*The Lehman Brothers Aggregate Bond Index is a market value-weighted index of investment-grade fixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities, with maturities of one year or more
