FCNWX — Fidelity Conservative Income Bond Fund
Data updated: 2026-07-24
FCNWX — Fidelity Conservative Income Bond Fund. Ultra-Short Corporate Bond · $6.26B AUM · 0.25% expense ratio. Holdings, fees, performance and SEC filings.
FCNWX Fund Overview
FCNWX — Fidelity Conservative Income Bond Fund is a US mutual fund managed by Fidelity Salem Street Trust, categorised as Ultra-Short Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Fidelity Salem Street Trust
- Category: Ultra-Short Corporate Bond
- Assets under management: $6.26B
- 1-year return: 4.3%
- Ticker: FCNWX
- SEC CIK: 0000035315
- SEC series ID: S000031520
- Share class ID: C000243071
FCNWX Holdings
Top 10 holdings of Fidelity Conservative Income Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Revere Street Trust | 9.94% |
| Ust Notes | 4.80% |
| Ust Notes | 3.84% |
| Ust Bills | 3.19% |
| Ust Notes | 2.43% |
| Ust Notes | 2.04% |
| Ust Bills | 2.02% |
| Wells Fargo Securities, LLC | 0.54% |
| Mizuho Securities USA LLC | 0.54% |
| American Honda Finance Corp. | 0.50% |
FCNWX Portfolio Allocation
Asset-class allocation of Fidelity Conservative Income Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 71.7% |
| Securitized | 16.4% |
| Cash & Equivalents | 11.0% |
FCNWX Performance
Total returns for FCNWX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.5% |
| 1 year | 4.3% |
| 3 years (annualised) | 5.1% |
FCNWX Risk Information
Risk metrics for FCNWX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.3%
FCNWX Costs and Fees
FCNWX costs about $25 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.25%
- Gross expense ratio: 0.37%
- Portfolio turnover: 73%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FCNWX Cashflows
Over the 12 months to 2026-05, Fidelity Conservative Income Bond Fund had net outflows of $1.17B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$517.22M |
| 2026-04 | −$514.13M |
| 2026-03 | $120.23M |
| 2026-02 | $93.05M |
| 2026-01 | $45.32M |
| 2025-12 | −$94.00M |
FCNWX Debt Constituents
Largest debt holdings of Fidelity Conservative Income Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Ust Notes | 4.80% |
| Ust Notes | 3.84% |
| Ust Bills | 3.19% |
| Ust Notes | 2.43% |
| Ust Notes | 2.04% |
| Ust Bills | 2.02% |
| American Honda Finance Corp. | 0.50% |
| Ubs AG Stamford Brh | 0.46% |
| Mercedes-Benz Finance North America LLC | 0.45% |
| Bank Of Nova Scotia Houston Branch | 0.44% |
FCNWX Prospectus and SEC Filings
Official Fidelity Conservative Income Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-10-27
- Prospectus (485BPOS) — filed 2024-10-25
- Prospectus (485BPOS) — filed 2023-10-25
- Portfolio holdings (N-PORT) — filed 2026-07-24
- Portfolio holdings (N-PORT) — filed 2026-04-24
- Portfolio holdings (N-PORT) — filed 2026-01-23
- Annual census (N-CEN) — filed 2025-11-12
- Annual census (N-CEN) — filed 2024-11-13
Related Funds
Other Ultra-Short Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.