Hello,
This morning I noticed that FXNAX symbol representing Fidelity US Bond Index Fund, which is supposed to represent the "aggregate price and interest performance of the debt securities in the Bloomberg U.S. Aggregate Bond Index" contains 7.6% non-US investments by portfolio weight.
This is the fund that I use for the bond component of my 3 fund retirement portfolio.
I was surprised to see the non-US component of debt holdings, is this normal for this fund and would these holdings indicate a lack of tracking the Bloomberg US aggregate bond index?
Thank you
This morning I noticed that FXNAX symbol representing Fidelity US Bond Index Fund, which is supposed to represent the "aggregate price and interest performance of the debt securities in the Bloomberg U.S. Aggregate Bond Index" contains 7.6% non-US investments by portfolio weight.
This is the fund that I use for the bond component of my 3 fund retirement portfolio.
I was surprised to see the non-US component of debt holdings, is this normal for this fund and would these holdings indicate a lack of tracking the Bloomberg US aggregate bond index?
Thank you
Statistics: Posted by grasshopper7 — Wed Mar 13, 2024 5:49 am — Replies 2 — Views 300