FEDUX

About FEDUX

Fidelity Education Income Fund is an open‑end mutual fund designed to serve as a fixed income building block within education‑focused savings solutions. Its primary purpose is to generate current income and stability for college funding timelines, and it is offered exclusively as an underlying investment in certain Fidelity‑managed 529 plan portfolios, rather than as a stand‑alone retail fund. The portfolio emphasizes diversified exposure to **U.S. investment‑grade bonds**, typically balancing **U.S. Treasurys**, **investment‑grade corporates**, and **asset‑backed securities** to align risk and income with education horizons. Recent reports highlight an overweight to corporate bonds versus Treasurys and selective allocations to asset‑backed and commercial mortgage‑backed securities, reflecting an income‑oriented stance within the investment‑grade universe. By focusing on high‑quality fixed income sectors that underpin consumer, financial, and industrial activity, the fund supports the liability‑aware construction of age‑based and static 529 portfolios, contributing interest income and dampening volatility relative to equities. Its role is to help anchor multi‑asset education portfolios with consistent bond market exposure that aligns with the glidepaths and constraints of tax‑advantaged college savings plans.