Fidelity Strategic Income

Kip 25

Fidelity Strategic Income

Symbol: FADMX
Expense Ratio: 0.68%

Fidelity Strategic Income balances higher quality, investment-grade bonds with junkier, higher-yielding bonds to deliver protection in down markets and more income than the bonds in the Bloomberg Barclays U.S. Aggregate Bond index.

Managers Ford O’Neil and Adam Kramer make the big-picture decisions and leave the bond picking to experts—other solid portfolio managers at Fidelity—in each bond subsector. Mark Notkin is Strategic Income’s high-yield guru, for instance, Eric Mollenhauer selects floating-rate bank loans and Franco Castagliuolo specializes in government debt.

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