About FBAPX
Fidelity Advisor Tactical Bond Fund – Class Z is a mutual fund classified within the multisector bond category, designed to pursue a high level of current income as its primary objective. Managed by Fidelity since its inception in February 2022, the fund allocates at least 80% of its assets across a broad spectrum of debt securities, encompassing both U.S. dollar-denominated and non-dollar-denominated bonds, and may also invest in repurchase agreements tied to these securities. Its portfolio typically includes holdings from diverse sectors, such as investment-grade corporate bonds, securitized assets, and government debt, spread across domestic and international markets. With over 90 individual holdings and net assets exceeding $50 million, the fund emphasizes flexibility in response to shifting market conditions, enabling active sector and issuer selection. The Class Z share class is tailored for eligible investors and is distinguished by a competitive expense ratio. Dividend distributions are paid monthly, contributing to its appeal for those seeking regular income. Overall, the fund plays a notable role in the fixed-income market by offering strategic, multi-sector exposure designed to adapt to evolving interest rate and credit environments.
Fund Family Fidelity
Category Multisector Bond
Performance Rating Low
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol FBAPX
Share Class Class Z
Index Index is not provided by Management Company
FBAPX had a total return of 3.27% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.25%.
