FHMFX

About FHMFX

Fidelity Series Corporate Bond Fund is a mutual fund designed to provide investors with a high level of current income by primarily investing in investment-grade corporate bonds and other corporate debt securities. The fund allocates at least 80% of its assets to corporate bonds and maintains diversification across numerous issuers, with a portfolio comprising approximately 600 holdings. It uses the Bloomberg U.S. Credit Bond Index as a reference for structuring its investments, reflecting exposure to a broad array of corporate issuers in various sectors. Notable features include a very low expense ratio, monthly income distribution, and a focus on medium credit quality and interest rate sensitivity. The fund is suitable for those seeking consistent income from the U.S. corporate fixed income market and plays a significant role in providing access to the credit market while managing risk through broad diversification and adherence to investment-grade standards. Managed by Fidelity since its inception in August 2018, the fund has become an underlying option in Fidelity’s asset allocation and retirement solutions, supporting both individual and institutional income strategies.