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Fund Evaluator
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Bond Funds
Bonds are municipal, government, and corporate debt that pays interest. The typical object of a bond fund is to provide a stable income stream with minimal capital risk.
Why Fidelity bond funds?
- Fidelity's four- and five-star rated bond funds.1
- All Fidelity funds are no-load.2
- Operating costs for our bond funds are among the lowest in the industry.
- One of the largest, most experienced fixed-income teams in the business.
Taxable Bond
Invest primarily in higher quality debt securities from government, corporate, and mortgage-backed issuers.
High-Yield Bond
Invest in securities from corporations with non-investment-grade credit ratings.
International/Global Bond
Invest in securities issued by corporations and governments outside the U.S.
National Municipal Bond
Invest primarily in investment-grade municipal securities. Seek to provide income exempt from federal income tax.
State Municipal Bond
Invest primarily in investment-grade municipal securities. Seek to provide income exempt from federal and state income taxes.
In general, the bond market is volatile, bond prices rise when interest rates fall and vice versa. This effect is usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.
- Highly rated funds are defined as those funds that have a 4- or 5-star Morningstar rating. For each fund, Morningstar calculates a Morningstar RatingTM metric each month by subtracting the return on a 90-day US Treasury Bill from the fund’s load-adjusted return for the same period, and then adjusting this excess return for risk. The top 10% of funds in each broad asset class receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.
- Other fees and expenses applicable to continued investment are described in the fund’s current prospectus.
- Guidance is provided by Fidelity Representatives through the use of Fidelity’s suite of guidance tools. These tools are educational tools and not intended to serve as the primary or sole basis for your investment or tax-planning decisions.
Before investing, consider the fund’s investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus containing this information. Read it carefully.
