Fund code: 7572

  • NAV $9.38 $0.01 / 0.11%
    24-Jun-2024
  • Inception 25-Jan-2022
  • Benchmark Blended Index**
  • Aggregate assets
    (all series)
    $95.5M
    31-May-2024
  • MER 1.53%
    30-Sep-2023
  • Distributions
  • Trailing 12 month yield 5.48%
    31-May-2024
  • Yield To Worst 7.82%
    30-Apr-2024
  • Duration 2.9 years
    30-Apr-2024
  • Morningstar category High Yield Fixed Income
  • Also available through Trust US$
  • Get Fund Facts

End investment

Annualized return

Choose a chart type (percentage or dollar)
Choose a predefined chart period
to:

Start NAV

$10.0000

End NAV

$10.4031
Choose a predefined chart period
to:

Calendar returns (%) 31-May-2024

YTD 2024 2023
Fund 1.21 8.90

Standard period returns (%) 31-May-2024

1 mo 3 mo 6 mo 1 yr Inception
Fund 0.95 0.91 3.78 6.89 1.42

Why invest in this fund?

  • For investors seeking a high level of current income and the potential for capital gains.
  • The portfolio managers focus on generating yield while utilizing a variety of tactical tools, including asset allocation, security selection, duration management and yield curve positioning.
  • Leverages Fidelity’s deep research resources, proprietary credit rating system and unique approach of collaborating across both fixed income and equity research teams.

Risk measures

Risk measures cannot be calculated on funds that are less than three years old. This fund does not yet meet the required criteria.

Risk classification

  1. Low
  2. Low to medium
  3. Medium
  4. Medium to high
  5. High

This fund has a low to medium volatility rating

Allocation

Asset mix (%)

30-Apr-2024

Credit quality (%)

30-Apr-2024
12 months ago Last month Current month
AAA 9.6 8.9 8.2
AA 4.2 1.2 1.2
A 2.5 1.0 0.9
BBB 16.5 9.8 10.4
BB 24.7 26.0 26.1
B 25.6 25.0 24.7
CCC & Below 4.0 4.3 3.7
Cash & Net Other Assets 7.0 19.4 20.9
Not Rated/Not Available 5.9 4.4 3.9

Top five issuers

  1. United States Treasury Bond
  2. Charter Communications Operating LLC
  3. TransDigm Group
  4. Great Outdoors Group
  5. Bank of America
Total number of issuers 24
Aggregate of top issuers 13.3%
  1. United States Treasury Bond
  2. Charter Communications Operating LLC
  3. Bank of America
  4. Great Outdoors Group
  5. TransDigm Group
Total number of issuers 25
Aggregate of top issuers 11.8%
  1. United States Treasury Bond
  2. Charter Communications Operating LLC
  3. Bank of America
  4. Great Outdoors Group
  5. J. P. Morgan Chase
Total number of issuers 23
Aggregate of top issuers 13.4%
  1. United States Treasury Bond
  2. Charter Communications Operating LLC
  3. Bank of America
  4. J. P. Morgan Chase
  5. Wells Fargo
Total number of issuers 22
Aggregate of top issuers 16.2%
View all