Fidelity Corporate Bond Fund is an open-end mutual fund that primarily focuses on delivering a high level of current income. It achieves this objective by investing at least 80% of its assets in corporate bonds and other corporate debt securities. The fund’s portfolio is broadly diversified across various sectors and issuers, with significant holdings in the financial, industrial, and utility sectors, as well as limited exposure to government-related securities for added stability. Notable features of this fund include its medium credit quality profile and moderate sensitivity to interest rates, positioning it to balance income generation with credit and duration risk management. With over $2 billion in total assets, the fund plays a significant role in the fixed income segment, catering to investors seeking yield from U.S. dollar-denominated corporate debt instruments. Managed by Fidelity, the fund is characterized by a competitive expense ratio and no minimum initial investment, making it accessible and cost-effective for a broad range of investors. It is a representative choice for those aiming to diversify fixed income exposure within a wider investment portfolio.
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