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Fidelity U.S. Bond Index Fund (FXNAX)

Posted: Fri Oct 09, 2020 5:31 pm
by big bang
Down 0.80%
Why it dropped so much today?
I compere it to iShares Core U.S. Aggregate Bond ETF (AGG), and its up today by 0.03%
Isn't that strange?

Re: Fidelity U.S. Bond Index Fund (FXNAX)

Posted: Fri Oct 09, 2020 5:32 pm
by Doctor Rhythm
big bang wrote: Fri Oct 09, 2020 5:31 pm Down 0.80%
Why it dropped so much today?
I compere it to iShares Core U.S. Aggregate Bond ETF (AGG), and its up today by 0.03%
Isn't that strange?
Dividend. That’s usually the answer for this kind of discrepancy. It paid a dividend.

Re: Fidelity U.S. Bond Index Fund (FXNAX)

Posted: Fri Oct 09, 2020 5:36 pm
by big bang
That's what I thought.
But I cant find evidence for that anywhere.
Where I can see that information?

Re: Fidelity U.S. Bond Index Fund (FXNAX)

Posted: Fri Oct 09, 2020 5:40 pm
by Doctor Rhythm
big bang wrote: Fri Oct 09, 2020 5:36 pm That's what I thought.
But I cant find evidence for that anywhere.
Where I can see that information?
It’s now showing up on my NetBenefits app, but it took two hours after the trading day ended. Check back later and relax until then.

Re: Fidelity U.S. Bond Index Fund (FXNAX)

Posted: Fri Oct 09, 2020 5:41 pm
by big bang
Yes okay. The message is showing up now:
A short-term capital gain of 0.034 per share and long-term capital gain of 0.061 per share, declared on 10/09/2020, will be posted to your account on 10/12/2020.
Thank you!

Re: Fidelity U.S. Bond Index Fund (FXNAX)

Posted: Fri Oct 09, 2020 5:45 pm
by UpperNwGuy
This is always the answer to this kind of question.

Re: Fidelity U.S. Bond Index Fund (FXNAX)

Posted: Fri Oct 09, 2020 5:52 pm
by big bang
Thanks to Bogleheads that I don't hold the bond fund in my taxable account.
Phew...capital gains....

Re: Fidelity U.S. Bond Index Fund (FXNAX)

Posted: Fri Oct 09, 2020 6:00 pm
by Pigeye Brewster
Similar situation with Fidelity Investment Grade Bond (FBNDX). NAV dropped 0.23 or 2.6%. It went ex-dividend on combined capital gains of 0.227 per share.

Re: Fidelity U.S. Bond Index Fund (FXNAX)

Posted: Fri Oct 09, 2020 6:02 pm
by jjunk
big bang wrote: Fri Oct 09, 2020 5:52 pm Thanks to Bogleheads that I don't hold the bond fund in my taxable account.
Phew...capital gains....
Luckily they arent exactly huge capital gains. I hold this in tax deferred and taxable and the impact will be minimal on the taxable account.

Re: Fidelity U.S. Bond Index Fund (FXNAX)

Posted: Fri Oct 09, 2020 6:06 pm
by UpperNwGuy
big bang wrote: Fri Oct 09, 2020 5:52 pm Thanks to Bogleheads that I don't hold the bond fund in my taxable account.
Phew...capital gains....
How much per $10,000?

Re: Fidelity U.S. Bond Index Fund (FXNAX)

Posted: Fri Oct 09, 2020 6:08 pm
by Doctor Rhythm
jjunk wrote: Fri Oct 09, 2020 6:02 pm
big bang wrote: Fri Oct 09, 2020 5:52 pm Thanks to Bogleheads that I don't hold the bond fund in my taxable account.
Phew...capital gains....
Luckily they arent exactly huge capital gains. I hold this in tax deferred and taxable and the impact will be minimal on the taxable account.
Sigh...having to pay a lot of tax on fixed income distributions would be a nice problem to have right now.

Re: Fidelity U.S. Bond Index Fund (FXNAX)

Posted: Fri Oct 09, 2020 6:14 pm
by jjunk
Doctor Rhythm wrote: Fri Oct 09, 2020 6:08 pm
jjunk wrote: Fri Oct 09, 2020 6:02 pm
big bang wrote: Fri Oct 09, 2020 5:52 pm Thanks to Bogleheads that I don't hold the bond fund in my taxable account.
Phew...capital gains....
Luckily they arent exactly huge capital gains. I hold this in tax deferred and taxable and the impact will be minimal on the taxable account.
Sigh...having to pay a lot of tax on fixed income distributions would be a nice problem to have right now.
100% agree. :sharebeer

Re: Fidelity U.S. Bond Index Fund (FXNAX)

Posted: Fri Oct 09, 2020 6:20 pm
by big bang
UpperNwGuy wrote: Fri Oct 09, 2020 6:06 pm
big bang wrote: Fri Oct 09, 2020 5:52 pm Thanks to Bogleheads that I don't hold the bond fund in my taxable account.
Phew...capital gains....
How much per $10,000?
It's paying short-term capital gain of 0.034 per share and long-term capital gain of 0.061 per share
So that's in total of 0.095 per share
Based on todays price of $12.42 that's aprx. 805 shares
So the answer to your question is close to $76.475 per $10,000

Re: Fidelity U.S. Bond Index Fund (FXNAX)

Posted: Fri Oct 09, 2020 7:04 pm
by marcopolo
Doctor Rhythm wrote: Fri Oct 09, 2020 6:08 pm
jjunk wrote: Fri Oct 09, 2020 6:02 pm
big bang wrote: Fri Oct 09, 2020 5:52 pm Thanks to Bogleheads that I don't hold the bond fund in my taxable account.
Phew...capital gains....
Luckily they arent exactly huge capital gains. I hold this in tax deferred and taxable and the impact will be minimal on the taxable account.
Sigh...having to pay a lot of tax on fixed income distributions would be a nice problem to have right now.

On higher yield, sure.
But, this is capital gains distributions.