Fidelity Advisor Environmental Bond Fund Class M is a mutual fund focused on generating a high level of current income by investing predominantly in bonds that promote positive environmental impact. The fund allocates at least 80% of its assets to environmental debt securities, which include debt issued by organizations involved in providing environmental solutions, reducing their environmental footprint, or supporting environmental projects. These securities may come from both domestic and international issuers, and can include sovereign entities as well as companies with strong environmental scores or green bond designations. The portfolio is structured to primarily hold investment-grade debt but can allocate up to 20% to lower-quality, higher-yield securities. The fund’s selection process leverages ESG ratings and specialized environmental benchmarks, such as the Bloomberg MSCI Global Green Bond USD Index, to identify qualifying investments. It also actively manages interest rate risk and currency exposures, aiming for broad sector and maturity diversification within the bond market. With a focus on sustainability and responsible investing, this fund plays a key role for investors seeking fixed income exposure aligned with environmental objectives, supporting the financing of initiatives such as renewable energy, pollution reduction, and sustainable infrastructure.
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