Address And Details

82 Devonshire St , Boston, MA 02109
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The fund seeks a high level of current income. Normally investing at least 80% of assets in debt securities of all types and repurchase agreements for those securities. Using the Bloomberg Barclays U.S. Universal Bond Index as a guide in allocating assets across the investment-grade, high yield, and emerging market asset classes. Investing up to 20% of assets in lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds). Managing the fund to have similar overall interest rate risk to the index. Investing in domestic and foreign issuers. Allocating assets across different asset classes, market sectors, and maturities. Analyzing the credit quality of the issuer, the issuer's potential for success, the credit, currency, and economic risks of the security and its issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments. Engaging in transactions that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default), options, and futures contracts - and forward-settling securities, to adjust the fund's risk exposure. Investing in Fidelity's central funds (specialized investment vehicles used by Fidelity funds to invest in particular security types or investment disciplines) consistent with the asset classes discussed above.

Net Asset Value

as of 5:13 PM ET 09/24/2021


  • 1 Week
  • -0.45%
  • 1 Month
  • -0.45%
  • 3 Months
  • +0.36%
  • 1 Yr Return
  • -2.79%
  • 5 Yr Return
  • +2.95%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 97.72%
Cash 8.43%
Preferred 0.97%
Stocks 0.09%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -7.20%
Total Net Assets 8.00 B

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 1.25 1.10 n/a
Beta 0.98 0.95 n/a
R Squared 0.69 0.75 n/a
Std Deviation 4.05 3.55 n/a
Sharpe Ratio 1.38 0.87 n/a

Purchase Information

as of 6:05 PM ET 09/23/2021
Minimum Initial $0
Minimum Additional $0
Minimum Initial IRA $0


Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 05/31/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 05/31/2021
1 Year
  • +2.48%
  • +4.00%
+2.48% +4.00%
3 Year
  • +6.61%
  • +6.23%
+6.61% +6.23%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +4.31%
  • +4.19%
+4.31% +4.19%

Top 10 Holdings

Symbol Company Name % Of Assets

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