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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.
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| 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
| 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 |
| 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
| 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 |
| 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 |
| 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 |
| 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 |
| 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 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 |
| 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 |
| 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 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 | Category Low | Category High | FSICX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 2.87% | N/A |
| FSICX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Semi-Annually | Monthly | Monthly |
| Date | Amount |
|---|---|
| Apr 02, 2018 | $0.031 |
| Mar 01, 2018 | $0.025 |
| Feb 01, 2018 | $0.028 |
| Jan 02, 2018 | $0.028 |
| Dec 28, 2017 | $0.027 |
| Dec 01, 2017 | $0.027 |
| Oct 02, 2017 | $0.027 |
| Sep 01, 2017 | $0.028 |
| Aug 01, 2017 | $0.028 |
| Jul 03, 2017 | $0.027 |
| Jun 01, 2017 | $0.028 |
| May 01, 2017 | $0.029 |
| Apr 03, 2017 | $0.031 |
| Mar 01, 2017 | $0.027 |
| Feb 01, 2017 | $0.032 |
| Dec 01, 2016 | $0.029 |
| Nov 01, 2016 | $0.030 |
| Oct 03, 2016 | $0.030 |
| Aug 01, 2016 | $0.031 |
| Jul 01, 2016 | $0.030 |
| Jun 01, 2016 | $0.032 |
| May 02, 2016 | $0.030 |
| Mar 01, 2016 | $0.028 |
| Feb 01, 2016 | $0.031 |
| Jan 04, 2016 | $0.030 |
| Dec 01, 2015 | $0.029 |
| Nov 02, 2015 | $0.033 |
| Oct 01, 2015 | $0.029 |
| Aug 03, 2015 | $0.031 |
| Jul 01, 2015 | $0.030 |
| Jun 01, 2015 | $0.031 |
| Apr 01, 2015 | $0.037 |
| Mar 02, 2015 | $0.028 |
| Feb 02, 2015 | $0.032 |
| Jan 02, 2015 | $0.032 |
| Dec 01, 2014 | $0.029 |
| Nov 01, 2014 | $0.033 |
| Oct 01, 2014 | $0.032 |
| Aug 01, 2014 | $0.035 |
| Jul 01, 2014 | $0.034 |
| Jun 01, 2014 | $0.036 |
| May 01, 2014 | $0.034 |
| Apr 01, 2014 | $0.036 |
| Mar 01, 2014 | $0.032 |
| Feb 01, 2014 | $0.036 |
| Jan 01, 2014 | $0.036 |
| Dec 02, 2013 | $0.035 |
| Nov 01, 2013 | $0.036 |
| Oct 01, 2013 | $0.035 |
| Sep 03, 2013 | $0.036 |
| Aug 01, 2013 | $0.035 |
| Jul 01, 2013 | $0.034 |
| May 01, 2013 | $0.033 |
| Mar 01, 2013 | $0.031 |
| Feb 01, 2013 | $0.035 |
| Jan 02, 2013 | $0.035 |
| Dec 01, 2012 | $0.034 |
| Nov 01, 2012 | $0.035 |
| Oct 01, 2012 | $0.034 |
| Sep 04, 2012 | $0.036 |
| Aug 01, 2012 | $0.036 |
| Jul 01, 2012 | $0.035 |
| Jun 01, 2012 | $0.038 |
| May 01, 2012 | $0.037 |
| Apr 01, 2012 | $0.038 |
| Mar 01, 2012 | $0.035 |
| Feb 01, 2012 | $0.037 |
| Jan 01, 2012 | $0.117 |
| Dec 01, 2011 | $0.036 |
| Nov 01, 2011 | $0.038 |
| Oct 03, 2011 | $0.035 |
| Sep 01, 2011 | $0.038 |
| Aug 01, 2011 | $0.038 |
| Jul 01, 2011 | $0.037 |
| Jun 01, 2011 | $0.039 |
| May 02, 2011 | $0.039 |
| Apr 01, 2011 | $0.042 |
| Mar 01, 2011 | $0.036 |
| Feb 01, 2011 | $0.041 |
| Jan 03, 2011 | $0.116 |
| Dec 01, 2010 | $0.036 |
| Nov 01, 2010 | $0.037 |
| Oct 01, 2010 | $0.036 |
| Sep 01, 2010 | $0.039 |
| Aug 02, 2010 | $0.041 |
| Jul 01, 2010 | $0.040 |
| Jun 01, 2010 | $0.043 |
| May 03, 2010 | $0.039 |
| Apr 01, 2010 | $0.041 |
| Mar 01, 2010 | $0.037 |
| Feb 01, 2010 | $0.041 |
| Jan 04, 2010 | $0.071 |
| Dec 01, 2009 | $0.040 |
| Nov 02, 2009 | $0.040 |
| Oct 01, 2009 | $0.039 |
| Sep 01, 2009 | $0.042 |
| Aug 03, 2009 | $0.042 |
| Jul 01, 2009 | $0.038 |
| Jun 01, 2009 | $0.045 |
| May 01, 2009 | $0.044 |
| Apr 01, 2009 | $0.046 |
| Mar 02, 2009 | $0.039 |
| Feb 02, 2009 | $0.042 |
| Jan 02, 2009 | $0.070 |
| Dec 01, 2008 | $0.048 |
| Nov 03, 2008 | $0.047 |
| Oct 01, 2008 | $0.042 |
| Sep 02, 2008 | $0.043 |
| Aug 01, 2008 | $0.044 |
| Jul 01, 2008 | $0.042 |
| Jun 02, 2008 | $0.043 |
| May 01, 2008 | $0.042 |
| Apr 01, 2008 | $0.045 |
| Mar 03, 2008 | $0.043 |
| Feb 01, 2008 | $0.048 |
| Jan 02, 2008 | $0.060 |
| Dec 03, 2007 | $0.048 |
| Nov 01, 2007 | $0.049 |
| Oct 01, 2007 | $0.047 |
| Sep 04, 2007 | $0.049 |
| Aug 01, 2007 | $0.049 |
| Jul 02, 2007 | $0.046 |
| Jun 01, 2007 | $0.048 |
| May 01, 2007 | $0.047 |
| Apr 02, 2007 | $0.048 |
| Mar 01, 2007 | $0.043 |
| Feb 01, 2007 | $0.048 |
| Jan 02, 2007 | $0.061 |
| Dec 01, 2006 | $0.046 |
| Nov 01, 2006 | $0.047 |
| Oct 02, 2006 | $0.045 |
| Sep 01, 2006 | $0.047 |
| Aug 01, 2006 | $0.047 |
| Jul 03, 2006 | $0.044 |
| Jun 01, 2006 | $0.046 |
| May 01, 2006 | $0.044 |
| Apr 03, 2006 | $0.045 |
| Mar 01, 2006 | $0.039 |
| Feb 01, 2006 | $0.046 |
| Jan 03, 2006 | $0.032 |
| Jan 03, 2006 | $0.077 |
| Dec 01, 2005 | $0.043 |
| Nov 01, 2005 | $0.044 |
| Oct 03, 2005 | $0.042 |
| Sep 01, 2005 | $0.043 |
| Aug 01, 2005 | $0.043 |
| Jul 01, 2005 | $0.041 |
| Jun 01, 2005 | $0.043 |
| May 02, 2005 | $0.042 |
| Apr 01, 2005 | $0.043 |
| Mar 01, 2005 | $0.039 |
| Feb 01, 2005 | $0.043 |
| Jan 03, 2005 | $0.025 |
| Jan 03, 2005 | $0.044 |
| Dec 01, 2004 | $0.042 |
| Nov 01, 2004 | $0.045 |
| Oct 01, 2004 | $0.043 |
| Sep 01, 2004 | $0.045 |
| Aug 02, 2004 | $0.046 |
| Jul 01, 2004 | $0.044 |
| Jun 01, 2004 | $0.046 |
| May 03, 2004 | $0.043 |
| Apr 01, 2004 | $0.044 |
| Mar 01, 2004 | $0.042 |
| Feb 02, 2004 | $0.042 |
| Jan 02, 2004 | $0.045 |
| Jan 02, 2004 | $0.045 |
| Dec 01, 2003 | $0.043 |
| Nov 03, 2003 | $0.044 |
| Oct 01, 2003 | $0.044 |
| Sep 02, 2003 | $0.047 |
| Aug 01, 2003 | $0.045 |
| Jul 01, 2003 | $0.042 |
| Jun 02, 2003 | $0.044 |
| May 01, 2003 | $0.044 |
| Apr 01, 2003 | $0.047 |
| Mar 03, 2003 | $0.041 |
| Feb 03, 2003 | $0.044 |
| Jan 02, 2003 | $0.086 |
| Dec 02, 2002 | $0.043 |
| Nov 01, 2002 | $0.044 |
| Oct 01, 2002 | $0.045 |
| Sep 03, 2002 | $0.047 |
| Aug 01, 2002 | $0.045 |
| Jul 01, 2002 | $0.044 |
| Jun 03, 2002 | $0.045 |
| May 01, 2002 | $0.044 |
| Apr 01, 2002 | $0.045 |
| Mar 01, 2002 | $0.040 |
| Feb 01, 2002 | $0.045 |
| Jan 02, 2002 | $0.051 |
| Dec 03, 2001 | $0.041 |
| Mar 01, 2001 | $0.041 |
| FSICX | Category Low | Category High | FSICX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.46% | -2.82% | 7.22% | N/A |
| FSICX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | None | Annually | Annually | Annually |
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.
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.
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.
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.
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.
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.
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
MUTUAL FUND EDUCATION
MUTUAL FUND EDUCATION
