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FSICX Fidelity® Strategic Income

  • Fund
  • FSICX
  • Price as of: N/A
  • N/A N/A N/A
  • Category
  • Total Bond Market
  • Fund Company
  • N/A

FSICX - Profile

Vitals

  • YTD Return N/A
  • 3 Yr Annualized Return 4.2%
  • 5 Yr Annualized Return 3.7%
  • Net Assets $8.7 B
  • Holdings in Top 10 59.6%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.69%

SALES FEES

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

BROKERAGE FEES

  • Turnover 124.00%

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 N/A
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 3.46%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Fidelity® Strategic Income Fund
  • Fund Family Name N/A
  • 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 (%)
YTD N/A -1.4% 8.8% N/A
1 Yr 5.3% -16.4% 4.9% N/A
3 Yr 4.2%* -4.6% 43.7% N/A
5 Yr 3.7%* -5.8% 22.9% N/A
10 Yr 5.9%* -7.4% 15.9% N/A

* Annualized


Return Ranking - Calendar

Period FSICX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -22.2% 3.1% N/A
2017 N/A -5.1% 25.1% N/A
2016 N/A -8.5% 192.8% N/A
2015 N/A -33.0% 3.0% N/A
2014 N/A -29.8% 32.1% N/A

Total Return Ranking - Trailing

Period FSICX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -1.4% 8.8% N/A
1 Yr 5.3% -16.4% 8.0% N/A
3 Yr 4.2%* -4.6% 48.8% N/A
5 Yr 3.7%* -3.8% 28.1% N/A
10 Yr 5.9%* -7.4% 18.7% N/A

* Annualized


Total Return Ranking - Calendar

Period FSICX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -22.2% 7.9% N/A
2017 N/A -4.6% 25.1% N/A
2016 N/A -4.1% 204.3% N/A
2015 N/A -32.4% 4.2% N/A
2014 N/A -29.8% 32.1% N/A

NAV & Total Return History

FSICX - Holdings

Concentration Analysis

FSICX Category Low Category High FSICX % Rank
Net Assets 8.7 B 337 K 218 B N/A
Number of Holdings 599 3 17324 N/A
Net Assets in Top 10 5.2 B -1.98 B 29.3 B N/A
Weighting of Top 10 59.60% 3.4% 1616.9% N/A

Top 10 Holdings

  1. High Yield Debt Sub-Portfolio Positions 39.69%

  2. Fidelity Cent Invt Portfolios 9.46%

  3. Germany (Federal Republic Of) 0.25% SNR PIDI BDS 15/02/2027 EUR (REGS) 2.53%

  4. Japan (Government Of) 0.9% SNR PIDI BDS 20/06/2022 JPY (323) 2.02%

  5. United States Treasury Notes 1.875% PIDI NTS 31/03/2022 USD (W-2022) 1.25%

  6. United Kingdom of Great Britain and Northern Ireland 4.25% SNR BDS 07/12/20 1.07%

  7. Ginnie Mae 4.5% 30 Year 0.98%

  8. United States Treasury Notes 2.125% PIDI NTS 31/07/2024 USD (N-2024) 0.90%

  9. United States Treasury Notes 2% SNR PIDI NTS 30/09/2020 USD (Q-2020) 0.89%

  10. United States Treasury Bonds 3.625% SNR PIDI BDS 15/02/2044 USD (Bonds 02/4 0.82%


Asset Allocation

Weighting Return Low Return High FSICX % Rank
Bonds
87.82% -342.57% 340.77% N/A
Other
8.84% -98.75% 19.81% N/A
Cash
3.25% -246.66% 453.71% N/A
Stocks
0.05% -0.99% 97.68% N/A
Convertible Bonds
0.05% 0.00% 28.21% N/A
Preferred Stocks
0.00% -0.18% 20.25% N/A

Bond Sector Breakdown

Weighting Return Low Return High FSICX % Rank
Government
32.75% -203.24% 178.24% N/A
Securitized
8.29% 0.00% 102.58% N/A
Corporate
7.13% 0.00% 128.48% N/A
Cash & Equivalents
3.25% -547.52% 455.04% N/A
Derivative
0.00% -190.53% 299.06% N/A
Municipal
0.00% 0.00% 102.07% N/A

Bond Geographic Breakdown

Weighting Return Low Return High FSICX % Rank
Non US
44.00% -108.37% 122.36% N/A
US
43.82% -337.34% 218.41% N/A

FSICX - Expenses

Operational Fees

FSICX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.00% 38.42% N/A
Management Fee 0.56% 0.00% 2.15% N/A
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.63% N/A

Sales Fees

FSICX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.15% 5.50% N/A

Trading Fees

FSICX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 124.00% 0.00% 2337.00% N/A

FSICX - Distributions

Dividend Yield Analysis

FSICX Category Low Category High FSICX % Rank
Dividend Yield 0.00% 0.00% 2.87% N/A

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FSICX Category Low Category High FSICX % Rank
Net Income Ratio 3.46% -2.82% 7.22% N/A

Capital Gain Distribution Analysis

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

FSICX - Managers

David Simner

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2007

10.67

10.7%

David Simner has worked as a quantitative analyst, director of quantitative research, and portfolio manager since 1996. Prior to joining Fidelity, he was with NatWest as a Quantitative Developer and with KPMG as an IT Consultant. David holds a BSc (Hons) in Computing Science from Imperial College.


Franco Castagliuolo

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2009

8.25

8.3%

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


Adam Kramer

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2017

0.67

0.7%

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.


Sean Corcoran

Manager

Start Date

Tenure

Tenure Rank

Dec 08, 2017

0.31

0.3%

Since joining Fidelity Investments in 2001, Mr. Corcoran has worked as a research analyst and portfolio manager.


Jonathan Kelly

Manager

Start Date

Tenure

Tenure Rank

Apr 01, 2002

16.01

16.0%

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

Manager

Start Date

Tenure

Tenure Rank

Jun 15, 2012

5.79

5.8%

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

Tenure

Tenure Rank

Apr 30, 1999

18.93

18.9%

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.


Tenure Analysis

Category Low

0.0

Category High

30.35

Category Average

6.92

Category Mode

6.95