About FADMX
Fidelity Strategic Income Fund is a multi-sector fixed income mutual fund designed to provide a high level of current income while also seeking capital appreciation. The fund primarily invests in a diverse portfolio of debt securities, including lower-quality bonds such as high yield (junk) bonds, as well as U.S. government and investment-grade bonds, emerging market debt, and debt from foreign developed markets. Its strategic allocation typically consists of roughly 45% high-yield securities, 30% U.S. government and investment-grade issues, 15% emerging market bonds, and 10% foreign developed market bonds, offering broad diversification across geographies and credit qualities.
This approach allows the fund to access multiple sources of potential income while actively managing risks associated with interest rate changes and credit fluctuations. The flexible asset allocation is designed to adapt to varying market environments, aiming to deliver consistent performance and reduce volatility compared to single-sector bond funds. Managed by experienced portfolio managers from Fidelity, the fund plays a significant role for income-seeking investors looking for a robust, all-in-one fixed-income solution that balances yield with downside risk management within the global bond market.
Fund Family Fidelity
Category Multisector Bond
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol FADMX
Share Class Fidelity Strategic Income Fund
Index Bloomberg U.S. Universal TR
FADMX had a total return of 1.76% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.55%.
