Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you
ALERT

How Return of Capital Distributions Are Taxed

Mutualfunds logo

FSICX Fidelity® Strategic Income

  • Fund
  • FSICX
  • Price as of: Sep 21, 2017
  • $11.15
  • - $0.01
  • - 0.09%
  • Category
  • Total Bond Market

FSICX - Profile

Vitals

  • YTD Return 4.6%
  • 3 Yr Annualized Return 3.8%
  • 5 Yr Annualized Return 4.2%
  • Net Assets $8.48 B
  • Holdings in Top 10 11.8%

52 WEEK LOW AND HIGH

$11.15
$10.54
$11.21

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.70%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 79.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return 4.6%
  • 3 Yr Annualized Total Return 3.8%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 3.92%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Fidelity® Strategic Income Fund
  • Fund Family Name Fidelity Investments
  • Inception Date May 01, 1998
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager David Simner

Fund Description

The Fidelity Strategic Income Fund (FSICX) is an actively managed fund that seeks to provide a high level of risk-adjusted income to investors. The fund does this by investing in four broad categories of bonds: high yield/junk bonds; U.S. government and investment-grade corporates; emerging-market debt and foreign developed market bonds. FSICX seeks market allocations of around 40%, 30% and 15% for each category, respectively. The fund uses rigorous credit analysis when selecting its holdings and can deviate from the static allocations slightly.

Given its low costs and active approach to income, FSICX makes an ideal subcore position for investors looking for more income from their fixed-income holdings. The fund is managed by Fidelity.

FSICX - Performance

Return Ranking - Trailing

Period FSICX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.6% -19.6% 22.7% 5.49% 1
1 Yr 6.1% -15.5% 18.5% 8.45% 1
3 Yr 3.8% * -6.1% 8.7% 6.22% 1
5 Yr 4.2% * -2.4% 13.6% 6.08% 1
10 Yr 6.3% * -1.3% 10.1% 3.81% 1

* Annualized


Return Ranking - Calendar

Period FSICX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 5.0% -10.9% 192.8% 3.61% 1
2015 -5.1% -33.0% 4.2% 54.85% 5
2014 -1.5% -9.3% 14.9% 55.61% 5
2013 -4.6% -24.1% 40.4% 49.45% 4
2012 5.2% -100.0% 18.7% 12.42% 1

Total Return Ranking - Trailing

Period FSICX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.6% -19.6% 22.7% 5.49% 1
1 Yr 6.1% -15.5% 18.5% 6.50% 1
3 Yr 3.8% * -7.0% 8.7% 5.78% 1
5 Yr 4.2% * -2.8% 13.6% 5.58% 1
10 Yr 6.3% * -1.3% 10.1% 3.73% 1

* Annualized


Total Return Ranking - Calendar

Period FSICX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 5.0% -9.5% 195.3% 7.18% 1
2015 -5.1% -32.5% 7.4% 67.27% 5
2014 0.0% -8.3% 16.8% 55.72% 4
2013 -3.4% -12.9% 58.5% 53.24% 4
2012 7.0% -100.0% 35.2% 22.90% 2

NAV & Total Return History

FSICX - Holdings

Filings data as of: Jun 30, 2017

Concentration Analysis

FSICX Category Low Category High FSICX % Rank Quintile
Net Assets 8.48 B 319 K 189 B 2.80% 1
Number of Holdings 1577 1 17352 2.70% 1
Net Assets in Top 10 973 M -36 B 31.4 B 4.43% 1
Weighting of Top 10 11.8% 0.0% 1168.9% 28.13% 5

Top 10 Holdings

  1. Germany (Federal Republic Of) 1.89%
  2. US Treasury Note 2% 1.67%
  3. US Treasury Note 1.875% 1.45%
  4. US Treasury Note 2% 1.39%
  5. France(Govt Of) 1.09%
  6. US Treasury Bond 3.625% 0.91%
  7. US Treasury Note 2% 0.89%
  8. US Treasury Note 2.25% 0.74%
  9. Japan(Govt Of) 0.1% 0.74%
  10. Gmac 8% 1.00%

Asset Allocation

Weighting Category Low Category High FSICX % Rank Quintile
Bonds
88.89% -175.98% 562.01% 19.02% 4
Cash
5.42% -461.99% 275.92% 14.75% 3
Stocks
4.85% -3.75% 97.71% 1.73% 1
Preferred Stocks
0.63% -0.56% 16.37% 4.83% 1
Convertible Bonds
0.21% 0.00% 13.10% 5.54% 2
Other
0.00% -24.51% 99.99% 14.65% 5

Stock Sector Breakdown

Weighting Category Low Category High FSICX % Rank Quintile
Technology
1.47% -1.56% 17.00% 2.11% 1
Consumer Cyclical
1.37% -0.36% 11.16% 2.11% 1
Industrials
0.56% -0.30% 10.17% 2.62% 1
Communication Services
0.39% -0.14% 7.00% 2.11% 1
Healthcare
0.31% -0.70% 13.34% 3.32% 1
Financial Services
0.28% -0.15% 24.41% 4.63% 1
Utilities
0.10% -0.08% 7.07% 5.03% 1
Energy
0.10% -0.88% 10.38% 4.43% 1
Basic Materials
0.08% -0.43% 13.48% 3.32% 1
Consumer Defense
0.04% -0.26% 10.21% 3.82% 1
Real Estate
0.00% -0.15% 15.19% 4.83% 4

Stock Geographic Breakdown

Weighting Category Low Category High FSICX % Rank Quintile
US
3.91% -12.82% 89.60% 1.83% 1
Non US
0.94% -0.82% 95.51% 1.42% 1

Bond Sector Breakdown

Weighting Category Low Category High FSICX % Rank Quintile
Corporate
46.14% 0.00% 221.70% 10.33% 2
Government
36.31% -389.49% 503.27% 6.61% 2
Securitized
6.37% 0.00% 118.59% 27.47% 5
Cash & Equivalents
5.40% -462.00% 275.92% 14.95% 3
Municipal
0.10% 0.00% 97.96% 13.28% 3
Derivative
0.00% -64.42% 83.22% 2.95% 4

Bond Geographic Breakdown

Weighting Category Low Category High FSICX % Rank Quintile
US
53.31% -482.62% 500.82% 26.14% 5
Non US
35.58% -124.80% 530.33% 3.05% 1

FSICX - Expenses

Operational Fees

FSICX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.70% 0.00% 32.76% 10.79% 2
Management Fee 0.56% 0.00% 2.15% 2.03% 5
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.63% N/A N/A

Sales Fees

FSICX Fees (% of AUM) Category Low Category High FSICX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

FSICX Fees (% of AUM) Category Low Category High FSICX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FSICX Fees (% of AUM) Category Low Category High FSICX Rank Quintile
Turnover 79.00% 0.00% 1711.00% 11.91% 3

FSICX - Distributions

Dividend Yield Analysis

FSICX Category Low Category High FSICX % Rank Quintile
Dividend Yield 0.5% 0.00% 1.38% 6.79% 1

Dividend Distribution Analysis

FSICX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FSICX Category Low Category High FSICX % Rank Quintile
Net Income Ratio 3.92% -1.56% 9.28% 4.99% 1

Capital Gain Distribution Analysis

FSICX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Daily Annually

FSICX - Managers

David Simner

Manager

Start Date

Jul 31, 2007

Tenure

10.09

Tenure Rank

3.0%

David Simner joined Fidelity in 1996 as a Quantitative Analyst and progressed to become the Director of Quantitative Research in 2003 and a Portfolio Manager in 2007. Prior to joining Fidelity, he was with NatWest as a Quantitative Developer and with KPMG as an IT Consultant. In addition to managing Fidelity’s main European fixed income range since 2009, David has been responsible for the global fixed income portfolios since 2007. David holds a BSc (Hons) in Computing Science from Imperial College.


Franco Castagliuolo

Manager

Start Date

Dec 31, 2009

Tenure

7.67

Tenure Rank

4.2%

Franco Castagliuolo joined Fidelity Investments in 1997, Mr. Castagliuolo has served as a research associate and portfolio manager.


Jonathan Kelly

Manager

Start Date

Apr 01, 2002

Tenure

15.43

Tenure Rank

1.4%

Jonathan Kelly is a portfolio manager at FMR Co. In this role, Mr. Kelly manages Fidelity Series Emerging Markets Debt Fund and co-manages multiple advisor and institutional funds. Prior to assuming his current role, Mr. Kelly was a lead manager for Fidelity’s global fixed income funds. Before joining Fidelity in 1991, Mr. Kelly was an associate with Goldman Sachs Asset Management where he served as an assistant to Fischer Black. Mr. Kelly earned his BA degree in engineering from Dartmouth College and his MBA degree from The Wharton School of Business at the University of Pennsylvania.


Ford E. O'Neil

Lead Manager

Start Date

Jun 15, 2012

Tenure

5.21

Tenure Rank

5.7%

Ford O’Neil is a portfolio manager at FMRCo. In this role, Mr. O’Neil manages various retail and institutional taxable bond funds/portfolios. His responsibilities include managing multiple Fidelity and Fidelity Advisor funds and various institutional comingled pools. Prior to assuming his current role, he worked as an analyst focusing on the utility sector from 1990 to 1992. Mr. O’Neil joined Fidelity in 1990 and has been in the investments industry since 1985. He earned his bachelor of arts degree from Harvard College and his MBA from The Wharton School at the University of Pennsylvania.


Mark Notkin

Manager

Start Date

Apr 30, 1999

Tenure

18.35

Tenure Rank

0.9%

Mr. Notkin is a vice president and co-manager of Fidelity Investments. Since joining Fidelity in 1994, he has worked as a research analyst and portfolio manager.


William Irving

Manager

Start Date

Apr 30, 2008

Tenure

9.34

Tenure Rank

3.3%

Since joining Fidelity Investments in 1999, Dr. Irving has worked as a quantitative analyst and portfolio manager.


Adam Kramer

Lead Manager

Start Date

Aug 04, 2017

Tenure

0.07

Tenure Rank

9.8%

Adam Kramer is co-manager of Fidelity Funds, which he has managed since October 2011. Since joining Fidelity Investments in 2000, Mr. Kramer has worked as a research analyst, a portfolio assistant, and a portfolio manager.


Tenure Analysis

Category Low

0.0

Category High

28.7

Category Average

6.38

Category Mode

2.7