Fund info

Fidelity Total Bond Fund is a diversified mutual fund focused on providing a high level of current income by investing in a wide range of fixed income securities. The fund allocates at least 80% of its assets to debt instruments and repurchase agreements, with a primary emphasis on investment-grade bonds, which helps promote stability and lower credit risk. Up to 20% of the portfolio may be invested in below-investment-grade securities, also known as high yield or junk bonds, which can enhance return potential while increasing risk exposure. The fund’s holdings span government bonds, U.S. Treasuries, corporate credits, mortgage-backed, and emerging market debt, offering broad sector and duration diversification within the intermediate core-plus bond category. Managed with a disciplined approach, the fund aims to balance income generation with risk management, making it a core holding option for investors seeking stable cash flow and portfolio diversification within the fixed income asset class. With thousands of individual bond holdings and a relatively low expense ratio, Fidelity Total Bond Fund plays a significant role in delivering income and diversification for both individual and institutional investors.