Fidelity Advisor Tactical Bond Fund Class I is a diversified mutual fund within the multisector bond category, primarily aimed at delivering a high level of current income with consideration for capital appreciation. Managed by an experienced team since its inception in 2022, the fund employs a flexible, research-driven strategy that allocates at least 80% of its assets to a broad universe of debt securities and related repurchase agreements. Its portfolio spans U.S. and non-U.S. dollar-denominated bonds, including investment-grade, high-yield, government, and emerging market debt, as well as securitized and floating-rate instruments. The fund actively manages credit, interest rate, and currency exposures—and typically hedges foreign currency risks via forward contracts. Fidelity Advisor Tactical Bond Fund Class I holds a competitive total expense ratio and generates monthly income distributions for its investors, targeting both institutional and eligible retail participants. The fund’s tactical allocation approach enables it to navigate changing market conditions, making it a significant participant in the fixed income segment by providing investors with access to diverse bond market opportunities across maturities, sectors, and geographies.
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