Fund
FBAPX
Price as of:
$8.62
+ $0.01
+ 0.12%
Primary Theme
fund company
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-2.2%
1 yr return
0.8%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$46.1 M
Holdings in Top 10
78.3%
52 WEEK LOW AND HIGH
$8.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.04%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FBAPX - Profile
Distributions
- YTD Total Return -2.2%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio N/A
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFidelity Tactical Bond Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateFeb 22, 2022
-
Shares OutstandingN/A
-
Share ClassZ
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeffrey Moore
Fund Description
Normally investing at least 80% of assets in debt securities of all types and repurchase agreements for those securities. Allocating assets across the full spectrum of the debt market, including investment-grade (those of medium and high quality), high yield and emerging markets debt securities across different maturities. Investments will normally include U.S. government securities (including Treasury securities), investment-grade corporate and other debt, lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds), investment-grade securitized debt securities, floating rate loans and other floating rate securities, inflation-protected debt securities, hybrid and preferred securities, contingent convertible securities, and securities of foreign issuers, including securities of issuers located in emerging markets. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics. Investing in both U.S. dollar-denominated and non-U.S. dollar-denominated securities, and generally hedging the fund's foreign currency exposures utilizing forward foreign currency exchange contracts.Investing in collateralized loan obligations.Analyzing the credit quality of the 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.
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FBAPX - Performance
Return Ranking - Trailing
| Period | FBAPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -2.2% | -13.2% | 8.9% | 91.95% |
| 1 Yr | 0.8% | -10.4% | 25.6% | 89.47% |
| 3 Yr | N/A* | -17.4% | 18.0% | N/A |
| 5 Yr | N/A* | -13.5% | 14.7% | N/A |
| 10 Yr | N/A* | -13.6% | 6.5% | N/A |
* Annualized
Return Ranking - Calendar
| Period | FBAPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.4% | -12.0% | 15.7% | 59.51% |
| 2022 | N/A | -31.8% | 18.4% | N/A |
| 2021 | N/A | -26.6% | 25.7% | N/A |
| 2020 | N/A | -49.2% | 18.7% | N/A |
| 2019 | N/A | -35.1% | 15.3% | N/A |
Total Return Ranking - Trailing
| Period | FBAPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -2.2% | -13.2% | 8.9% | 91.95% |
| 1 Yr | 0.8% | -10.4% | 25.6% | 89.47% |
| 3 Yr | N/A* | -17.4% | 18.0% | N/A |
| 5 Yr | N/A* | -13.5% | 14.7% | N/A |
| 10 Yr | N/A* | -13.6% | 6.5% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | FBAPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.1% | -7.0% | 22.2% | 63.21% |
| 2022 | N/A | -31.8% | 21.1% | N/A |
| 2021 | N/A | -13.5% | 49.9% | N/A |
| 2020 | N/A | -28.6% | 24.1% | N/A |
| 2019 | N/A | -4.8% | 19.1% | N/A |
NAV & Total Return History
FBAPX - Holdings
Concentration Analysis
| FBAPX | Category Low | Category High | FBAPX % Rank | |
|---|---|---|---|---|
| Net Assets | 46.1 M | 2.53 M | 143 B | 93.31% |
| Number of Holdings | 83 | 4 | 9868 | 83.87% |
| Net Assets in Top 10 | 33.9 M | -1.57 B | 65.8 B | 80.06% |
| Weighting of Top 10 | 78.27% | 0.7% | 170.6% | 12.54% |
Top 10 Holdings
- UST NOTES 4.125% 11/15/2032 18.42%
- Fidelity Floating Rate Central Fund 16.74%
- UNITED STATES TREASURY BOND 2.875% 05/15/2052 8.46%
- Fidelity International Credit Central Fund 8.06%
- UNITED STATES TREASURY BOND 4.125% 08/15/2053 7.88%
- Fidelity High Income Central Fund 6.98%
- UST NOTES 3.75% 05/31/2030 6.50%
- UST NOTES 3.5% 02/15/2033 2.01%
- DOMINOS PIZZA MASTER ISR LLC 3.151% 04/25/2051 144A 1.74%
- BANK NOVA SCOTIA BC 4.9/VAR PERP 1.50%
Asset Allocation
| Weighting | Return Low | Return High | FBAPX % Rank | |
|---|---|---|---|---|
| Bonds | 65.81% | -150.81% | 203.29% | 79.45% |
| Stocks | 31.78% | -1.60% | 99.88% | 9.13% |
| Preferred Stocks | 2.00% | 0.00% | 30.46% | 7.76% |
| Cash | 0.41% | -94.66% | 258.91% | 84.93% |
| Other | 0.00% | -62.91% | 100.00% | 71.84% |
| Convertible Bonds | 0.00% | 0.00% | 33.50% | N/A |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FBAPX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 100.00% | N/A |
| Technology | 0.00% | 0.00% | 28.30% | N/A |
| Real Estate | 0.00% | 0.00% | 100.00% | N/A |
| Industrials | 0.00% | 0.00% | 100.00% | N/A |
| Healthcare | 0.00% | 0.00% | 18.60% | N/A |
| Financial Services | 0.00% | 0.00% | 100.00% | N/A |
| Energy | 0.00% | 0.00% | 100.00% | N/A |
| Communication Services | 0.00% | 0.00% | 100.00% | N/A |
| Consumer Defense | 0.00% | 0.00% | 99.97% | N/A |
| Consumer Cyclical | 0.00% | 0.00% | 89.95% | N/A |
| Basic Materials | 0.00% | 0.00% | 100.00% | N/A |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FBAPX % Rank | |
|---|---|---|---|---|
| US | 31.78% | -1.47% | 99.88% | 9.13% |
| Non US | 0.00% | -0.13% | 17.73% | 21.00% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FBAPX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 0.11% | 0.00% | 88.14% | 86.41% |
| Derivative | 0.00% | -62.91% | 37.37% | 39.24% |
| Securitized | 0.00% | 0.00% | 99.65% | N/A |
| Corporate | 0.00% | 0.00% | 96.66% | N/A |
| Municipal | 0.00% | 0.00% | 54.26% | N/A |
| Government | 0.00% | 0.00% | 99.43% | N/A |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FBAPX % Rank | |
|---|---|---|---|---|
| US | 63.23% | -151.11% | 203.29% | 68.19% |
| Non US | 2.58% | 0.00% | 67.77% | 48.10% |
FBAPX - Expenses
Operational Fees
| FBAPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.04% | 0.01% | 20.67% | 57.66% |
| Management Fee | 0.61% | 0.00% | 2.29% | 54.68% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.70% | N/A |
Sales Fees
| FBAPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| FBAPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
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.
| FBAPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 632.00% | N/A |
FBAPX - Distributions
Dividend Yield Analysis
| FBAPX | Category Low | Category High | FBAPX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 23.30% | 56.71% |
Dividend Distribution Analysis
| FBAPX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| FBAPX | Category Low | Category High | FBAPX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -1.55% | 11.51% | N/A |
Capital Gain Distribution Analysis
| FBAPX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Apr 01, 2024 | $0.032 | OrdinaryDividend |
| Mar 01, 2024 | $0.032 | OrdinaryDividend |
| Feb 01, 2024 | $0.033 | OrdinaryDividend |
| Jan 01, 2024 | $0.034 | OrdinaryDividend |
| Dec 22, 2023 | $0.023 | OrdinaryDividend |
| Dec 01, 2023 | $0.033 | OrdinaryDividend |
| Nov 01, 2023 | $0.033 | OrdinaryDividend |
| Oct 01, 2023 | $0.032 | OrdinaryDividend |
| Sep 01, 2023 | $0.031 | OrdinaryDividend |
| Aug 01, 2023 | $0.033 | OrdinaryDividend |
| Jul 01, 2023 | $0.030 | OrdinaryDividend |
| Jun 01, 2023 | $0.030 | OrdinaryDividend |
| May 01, 2023 | $0.030 | OrdinaryDividend |
| Apr 01, 2023 | $0.032 | OrdinaryDividend |
| Mar 01, 2023 | $0.027 | OrdinaryDividend |
| Feb 01, 2023 | $0.031 | OrdinaryDividend |
| Jan 01, 2023 | $0.032 | OrdinaryDividend |
| Dec 23, 2022 | $0.098 | OrdinaryDividend |
| Dec 01, 2022 | $0.035 | OrdinaryDividend |
| Nov 01, 2022 | $0.028 | OrdinaryDividend |
| Oct 03, 2022 | $0.024 | OrdinaryDividend |
| Sep 01, 2022 | $0.024 | OrdinaryDividend |
| Aug 01, 2022 | $0.023 | OrdinaryDividend |
| Jul 01, 2022 | $0.020 | OrdinaryDividend |
| Jun 01, 2022 | $0.020 | OrdinaryDividend |
| May 02, 2022 | $0.019 | OrdinaryDividend |
| Apr 01, 2022 | $0.017 | OrdinaryDividend |
| Mar 01, 2022 | $0.006 | OrdinaryDividend |
FBAPX - Fund Manager Analysis
Managers
Jeffrey Moore
Start Date
Tenure
Tenure Rank
Feb 10, 2022
0.3
0.3%
Jeffrey Moore is a portfolio manager at FMRCo. In this role he manages portfolios across retail and institutional assets, including Fidelity and Fidelity Advisor funds. Mr. Moore was previously a fixed income analyst assigned to several sectors, including sovereign debt, energy, REITs, and Yankee banks. Mr. Moore joined Fidelity in 1995 and has been in the investments industry since 1990. Mr. Moore earned his bachelor of arts degree in economics from the University of Western Ontario and his master’s degree in economics from the University of Waterloo. He is a CFA charterholder.
Michael Plage
Start Date
Tenure
Tenure Rank
Feb 10, 2022
0.3
0.3%
Since joining Fidelity Investments in 2005, Mr. Plage has worked as a trader and portfolio manager. Michael Plage is a portfolio manager in the Fixed Income division at FMRCo. In this role, Mr. Plage manages institutional and retail Fixed Income portfolios within Core, Core Plus, and Tactical Bond strategies. Mr. Plage joined Fidelity in 2005, and has been in the investments industry since 1997. Mr. Plage earned his bachelor of science degree from the University of South Carolina and his master of business administration degree from the University of Connecticut. He is also a Chartered Financ
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 28.19 | 5.72 | 3.19 |