Investment Test Drive

FMSFX Fidelity® Mortgage Securities

3 lower fee alternatives found

FeeX scanned the market for similar funds with lower fees and better past returns
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Fund FMSFX Fidelity® Mortgage Securities IIBWX Voya Intermediate Bond W GCFUX Goldman Sachs Core Fixed Income R6  
100% 89% 91%
Annual Fees
(0.45% Exp. Ratio)
(0.41% Exp. Ratio)
(0.43% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.02% annual return
$15,895.96 $16,088.69 $15,992.04
Est. savings over 30 yrs +$192.73 +$96.09
As of 9/30/16
1 YR RETURN 3.49%
3 YR 3.64%
5 YR 2.95%
10 YR 3.92%
1 YR RETURN 6.37%
3 YR 4.88%
5 YR 4.80%
10 YR 5.11%
1 YR RETURN 5.18%
3 YR 4.03%
5 YR 3.54%
10 YR 4.33%
The investment seeks a high level of current income, consistent with prudent investment risk. The fund normally invests at least 80% of assets in investment-grade mortgage-related securities (those of medium and high quality) and repurchase agreements for those securities. It invests in U.S. government securities and instruments related to U.S. government securities. The fund invests in U.S. government securities issued by entities that are chartered or sponsored by Congress but whose securities are neither issued nor guaranteed by the U.S. Treasury.
The investment seeks to maximize total return through income and capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in a portfolio of bonds, including but not limited to corporate, government and mortgage bonds, which, at the time of purchase, are rated investment-grade (e.g., rated at least BBB- by Standard & Poor's Ratings Services or Baa3 by Moody's Investors Service, Inc.) or have an equivalent rating by a nationally recognized statistical rating organization ("NRSRO"), or are of comparable quality if unrated.
The investment seeks a total return consisting of capital appreciation and income that exceeds the total return of the Barclays U.S. Aggregate Bond Index (the "index"). The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) ("Net Assets") in fixed income securities, including securities issued or guaranteed by the U.S. government, its agencies, instrumentalities or sponsored enterprises, corporate debt securities, privately issued adjustable rate and fixed rate mortgage loans or other mortgage-related securities and asset-backed securities.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.


FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.


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