New mutual fund has flexibility to allocate assets across full spectrum of debt market
Fidelity Investments, one of the world’s leading global fixed income investment managers, announced the launch of Fidelity Tactical Bond Fund (FBAGX), extending Fidelity’s lineup of fixed income strategies across the risk spectrum. The fund is now available to individual investors and financial advisors through Fidelity’s online brokerage platforms.
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“The introduction of Fidelity Tactical Bond Fund allows us to offer retail investors and financial advisors an even more robust array of products across the risk spectrum, and we believe it will appeal to those seeking a high level of current income and growth.”
Measured against the Bloomberg U.S. Aggregate Bond Index, Fidelity Tactical Bond Fund seeks a high level of current income and growth of capital by normally investing at least 80% of its assets in debt securities of all types and repurchase agreements for those securities. The fund has the flexibility to allocate assets across the full spectrum of the debt market, including investment-grade (those of medium and high quality), high yield and emerging market debt securities. The investment team will use a variety of investment techniques to manage the fund’s overall risk and interest rate risk, including sector rotation, asset allocation and security selection.
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“Our suite of fixed income investment products leverages Fidelity’s investment capabilities and expertise as an active manager and offers investors a range of options to meet their evolving needs,” said Jamie Pagliocco, Fidelity’s Head of Fixed Income. “The introduction of Fidelity Tactical Bond Fund allows us to offer retail investors and financial advisors an even more robust array of products across the risk spectrum, and we believe it will appeal to those seeking a high level of current income and growth.”
Fidelity Tactical Bond Fund is co-managed by experienced investment professionals Jeffrey Moore and Michael Plage, who together have managed the Fidelity Investment Grade Bond Fund, since 2004 and 2016 respectively.
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