FIKOX

About FIKOX

Fidelity Advisor Corporate Bond Fund Class Z is a mutual fund focused on generating a high level of current income by investing primarily in corporate bonds and other corporate debt securities. Managed by a seasoned team blending bottom-up security selection with top-down macroeconomic analysis, the fund maintains at least 80% of its assets in investment-grade corporate bonds, complemented by holdings in U.S. Treasury securities and cash equivalents. This approach offers investors exposure to the credit quality and yield opportunities present in the U.S. corporate bond market. The fund is characterized by moderate credit risk and interest rate sensitivity, with an effective duration of approximately 6.8 years and a trailing twelve-month yield around 4.2%. It is structured to appeal to institutional investors through a low expense ratio, positioned in the second-lowest fee quintile among peer corporate bond funds. Fidelity Advisor Corporate Bond Fund Class Z plays a significant role in fixed income portfolios by offering diversification and income potential within the broader landscape of investment-grade debt instruments, helping investors access the stability and steady income streams typically sought in corporate fixed income markets.