• Prospectus & Reports
  • Close

    Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf.The subject line of the email you send will be "Fidelity.com: "

    Your email has been sent.

    Clicking a link will open a new window.
  • Default text sizeA
  • Larger text sizeA
  • Largest text sizeA

Principal Income Fund Class A

  • Symbol: CMPIX
  • No Transaction Fee No Transaction Fee 1
  • Information
    This fund is now available NTF (No Transaction Fee) and offered load-waived through FidelityThis fund is now available NTF (No Transaction Fee) and offered load-waived through Fidelity

Morningstar® Snapshot*

AS OF 01/31/2016; MORNINGSTAR CATEGORY: Intermediate-Term Bond
Returns 2 out of 5, Below Average Returns
Expenses 4 out of 5, Above Average Fees
Risk of this Category Category Risk Rating:3, where 1 is Lower and 10 is Higher

*Data provided by Morningstar.


 2 More Information
AS OF 1/31/2016
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr 10 Yr
YTD (Daily)* +0.57% 1 Yr -2.55% 3 Yr +1.35% 5 Yr +3.51% 10 Yr +5.08%
*AS OF 2/10/2016; Value is cumulative

Hypothetical Growth of $10,000

 3, 4 More Information
AS OF 01/31/2016; MORNINGSTAR CATEGORY: Intermediate-Term Bond
Shows growth of hypothetical $10,000 investment in Principal Income Fund Class A compared to Barclays U.S. Agg Bond,Intermediate-Term Bond over the selected time period
Principal Income Fund Class A
Intermediate-Term Bond

Compare Chart| Fund Facts Search

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
This Fund 5.15% 5.29% -4.89% 21.02% 8.00% 5.58% 9.20% -0.23% 4.97% -1.34% 0.46%
Benchmark 4.33% 6.97% 5.24% 5.93% 6.54% 7.84% 4.21% -2.02% 5.97% 0.55% 1.38%
Category 4.15% 4.70% -4.70% 13.97% 7.72% 5.86% 7.01% -1.42% 5.18% -0.26% 0.80%
+/- Benchmark 0.82% -1.68% -10.13% 15.09% 1.46% -2.26% 4.99% 1.79% -1.00% -1.89% -0.92%
+/- Category 1.00% 0.59% -0.19% 7.05% 0.28% -0.28% 2.19% 1.19% -0.21% -1.08% -0.34%

Compare Chart| Fund Facts Search

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

Fund Manager(s)

More Information
John R. Friedl since 3/1/2005 Ryan P. McCann since 5/19/2010 Scott J. Peterson since 5/19/2010 Gregory L. Tornga since 7/1/2011

Fund Overview


The investment seeks to provide a high level of current income consistent with preservation of capital.


The fund invests primarily in a diversified pool of fixed-income securities including corporate securities, U.S. government securities, and mortgage-backed securities, up to 35% of which may be in below investment grade bonds which are rated at the time of purchase Ba1 or lower by Moody's and BB+ or lower by S&P. It maintains an average portfolio duration that is within 25% of the duration of the Barclays U.S. Aggregate Bond Index. The fund also invests in foreign securities and real estate investment trust ("REIT") securities.


In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible. Additional risk information for this product may be found in the prospectus or other product materials, if available.

Additional Disclosures

This description is only intended to provide a brief overview of the mutual fund. Read the fund's prospectus for more detailed information about the fund.

Duration is a measure of a security's price sensitivity to changes in interest rates. Duration differs from maturity in that it considers a security's interest payments in addition to the amount of time until the security reaches maturity, and also takes into account certain maturity shortening features (e.g., demand features, interest rate resets, and call options) when applicable. Securities with longer durations generally tend to be more sensitive to interest rate changes than securities with shorter durations. A fund with a longer average duration generally can be expected to be more sensitive to interest rate changes than a fund with a shorter average duration.

The Barclays U.S. Aggregate Bond Index is an unmanaged market value-weighted index for U.S. dollar denominated investment-grade fixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities with maturities of at least one year.


More Information
Morningstar Category
Intermediate-Term Bond
Fund Inception
Glossary definition opens in new window.Exp Ratio (Gross)
($8.70 per $1000)
Glossary definition opens in new window.Exp Ratio (Net)
($8.70 per $1000)
Minimum to Invest 5
Turnover Rate
Glossary definition opens in new window.Portfolio Net Assets ($M)
Glossary definition opens in new window.Share Class Net Assets ($M)
12 Month Low-High
$9.24 - $9.84

Top 10 Holdings

 8 More Information
AS OF 12/31/2015
Top 10 Holdings
Roche Hldgs 144A FRN 1.00%
Oracle 2.5% 0.77%
Penske Truck Leasing Co L P 144A 3.75% 0.73%
Alexandria Real Estate Eq 4.6% 0.69%
Ads Waste Hldgs 8.25% 0.69%
FNMA 4.5% 0.68%
Oncor Elec Delivery 7% 0.66%
Qwest 6.75% 0.65%
First Amern Finl 4.3% 0.65%
Exterran Partners Lp/ Exlp Fin 6% 0.64%
% of Total Portfolio 7.16%
Total # of holdings: 370 as of 12/31/2015

Quarter-End Average Annual Total Returns

 3, 2 More Information
AS OF 12/31/2015; FUND INCEPTION 12/15/1975 Glossary definition opens in new window.

0.87% AS OF 3/1/2015
1 Yr 3 Yr 5 Yr 10 Yr Life
Glossary definition opens in new window.Before Taxes
Principal Income Fund Class A -1.34% 1.10% 3.56% 5.07% 7.53%
Principal Income Fund Class A  (Load Adjusted) -3.56% 0.33% 3.09% 4.83% 7.47%
Barclays U.S. Agg Bond 0.55% 1.44% 3.25% 4.51% 7.67%
Intermediate-Term Bond -0.26% 1.16% 3.22% 4.18% --
Glossary definition opens in new window.After Taxes on Distributions
Principal Income Fund Class A  (Load Adjusted) -4.88% -1.14% 1.53% 3.01% 3.98%
Intermediate-Term Bond -2.24% -0.29% 1.81% 2.64% --
Glossary definition opens in new window.After taxes on distributions and sale of fund shares
Principal Income Fund Class A  (Load Adjusted) -2.00% -0.41% 1.74% 3.02% 3.99%
Intermediate-Term Bond -0.56% 0.19% 1.90% 2.65% --

Please note: This fund is offered load-waived through Fidelity's NTF program.

The "Mutual Funds" area at the top of each page allows access to mutual fund holdings with individual and joint Fidelity non-retirement accounts. Individual stock positions, ETFs and 529 funds are not available through this view. For the full list of your holdings visit Portfolio Summary.

Mutual Funds are priced as of the previous business day's market close when the market is open. Mutual fund positions are priced as of the official market close (typically 4p.m.) and prices are generally available between 5 p.m. and 6p.m.

Watch a brief video to learn about using the new mutual fund library to evaluate funds

2015 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fidelity does not review the Morningstar data and, for fund performance, you should check the fund's current prospectus or other product materials for the most up-to-date information concerning applicable loads, fees and expenses.

1. No Transaction Fee funds are available without paying a transaction fee. No Transaction Fee funds will also be offered without a load or on a load waived basis. However, the fund may charge a short term trading fee or a redemption fee. Other fees and expenses, including those which apply to a continued investment in the fund, are described in the fund's current prospectus. Fidelity Brokerage Services LLC ("FBS"), or its affiliates, receives compensation in connection with (i) access to, purchase or redemption of, and/or maintenance of positions in mutual funds and other investment products ("funds"), (ii) platform infrastructure needed to support such funds as well as additional compensation for shareholder services, platform infrastructure support and maintenance, and other programs and/or (iii) a fund's attendance at events for FBS's clients and/or representatives, and opportunities for the fund to promote its products and services. This compensation may take the form of sales loads and 12b-1 fees described in the prospectus and/or additional compensation paid by the fund, its investment adviser or an affiliate. Additional information about the source(s) and amount(s) of this compensation as well as any other remuneration received by FBS or its affiliates will be furnished upon request.

2. Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated and are cumulative if the fund is less than one year old. Total returns do not reflect the fund's [%] sales charge. If sales charges were included, total returns would have been lower.

3. The Morningstar Category Average is the average return for the peer group based on the returns of each individual fund within the group, for the period shown. This average assumes reinvestment of dividends.

4. This chart illustrates the performance of a hypothetical $10,000 investment made in this investment product (and a benchmark or category average, if shown) from the beginning date shown or on the inception date of the product (whichever is later). The inception date used for products with underlying funds, or multiple shares classes, or are offered as a separate account, strategy or sub account, may be the inception date of the underlying fund, the earliest share class of the product, or the date composite performance for the product was first made available. The product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Benchmark returns include reinvestment of capital gains and dividends, if any, but do not reflect any fees or expenses. It is not possible to invest in an index. Past performance is no guarantee of future results. This chart is not intended to imply any future performance of the investment product.

5. Initial minimum investments into group retirement accounts such as Fidelity Simplified Employee Pension-IRA, Keogh, Self-Employed 401(k), and Non-Fidelity Prototype Retirement accounts are $500 or higher. Additional investments into Regular, IRA, and Group accounts are $250 or higher.

6. The current yield reflects the current earnings of the fund, while the total return refers to a specific past holding period. The 7-Day Yield is the average income return over the previous seven days, assuming the rate stays the same for one year and that dividends are reinvested. It is the Fund's total income net of expenses, divided by the total number of outstanding shares and includes any applicable waiver or reimbursement.

7. A standard yield calculation developed by the Securities and Exchange Commission for bond funds. The yield is calculated by dividing the net investment income per share earned during the 30-day period by the maximum offering price per share on the last day of the period. The yield figure reflects the dividends and interest earned during the 30-day period, after the deduction of the fund's expenses. It is sometimes referred to as "SEC 30-Day Yield" or "standardized yield".

8. Any holdings, asset allocation, diversification breakdowns or other composition data shown are as of the date indicated and are subject to change at any time. They may not be representative of the fund's current or future investments. Some breakdowns may be intentionally limited to a particular asset class or other subset of the fund's entire portfolio, particularly in multi-asset class funds where the attributes of the equity and fixed income portions are different.

Under the asset allocation section, international (or foreign) assets may be reported differently depending on how an investment options reports its holdings. Some do not report international (or foreign) holdings here, but instead report them in a "Regional Diversification" section. Some report them in this section as an to the equity, bond and other allocation shown. Others report international (or foreign) holding as a subset of the equity and bond allocations shown. If the allocation without the foreign component (or round to) 100%, then international (or foreign) is a subset of the equity and bond percentage shown.

Generally, data on Fidelity mutual funds is provided by FMR, LLC, Morningstar ratings and data on non-Fidelity mutual funds is provided by Morningstar, Inc. and data on non-mutual fund products is provided by the product's investment manager, trustee or issuer or the plan sponsor whose plan is offering the product to participants. Although Fidelity believes the data gathered from these third-party sources is reliable, it does not review such information and cannot warrant it to be accurate, complete or timely. Fidelity is not responsible for any damages or losses arising from any use of this third-party information.

Before investing, consider the investment objectives, risks, charges and expenses of the fund or annuity and its investment options. Contact Fidelity for a free prospectus and, if available, summary prospectus containing this information. Read it carefully.

Morningstar Category: Intermediate-Term Bond
There are no similar Fidelity Fund Picks in this Morningstar Category.
Compare funds to CMPIX
Fidelity Fund Error
You must select between one and five funds to compare.
You must select between one and four funds to compare.
Fidelity Fund Warning
You may select a maximum of five mutual funds.
You may select a maximum of four mutual funds.