FEBGX

About FEBGX

Fidelity Advisor Environmental Bond Fund Class Z is a mutual fund focused on providing a high level of current income through investments in fixed income securities with a strong environmental orientation. The fund invests at least 80% of its assets in environmental debt securities, encompassing bonds from issuers that develop or provide products and services aimed at environmental solutions or demonstrate efforts to reduce their environmental footprint. This includes debt issued by both domestic and foreign corporations, as well as sovereign or government-related entities, and incorporates instruments found in indices such as the Bloomberg MSCI Global Green Bond USD Index. The fund primarily holds investment-grade debt, but it may allocate up to 20% to lower-quality, high-yield securities, broadening its sector and maturity diversification. It is actively managed with consideration of overall interest rate risk, and may hedge foreign currency exposures when investing internationally. Class Z shares are typically reserved for eligible investors, featuring a lower expense ratio compared to other share classes. Fidelity Advisor Environmental Bond Fund Class Z occupies a distinctive space at the intersection of fixed income investing and environmental sustainability, supporting the growing demand for responsible investment strategies.