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FXNAX, Fidelity's U.S. Bond Index Fund, follows the performance of the U.S. bond market. It's a passive investment option that tracks the Bloomberg Barclays U.S. Aggregate Bond Index. Jack Bogle, an advocate of index funds, emphasized their benefits. FXNAX is among Fidelity's top index funds, suitable for buy-and-hold investors seeking stable returns with low costs. It offers diversification across various types of bonds, reducing risk.

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