FLDDX

About FLDDX

Fidelity Advisor 529 Limited Term Bond Portfolio – Class D is a 529 plan fixed‑income portfolio designed to provide a high level of current income while maintaining moderate interest rate risk. It invests primarily through an underlying Fidelity Advisor Limited Term Bond strategy that normally allocates at least 80% of assets to investment‑grade debt across government, agency, corporate, and securitized sectors, generally targeting bonds with maturities in the short to intermediate range. The approach may tactically include limited allocations to high yield and emerging markets debt within defined guardrails to enhance income diversification. The portfolio’s benchmark orientation centers on the short‑duration U.S. government and investment‑grade credit universe, aiming to balance credit quality with limited duration to reduce sensitivity to rate shifts. Positioned within a 529 education savings framework, it serves as a core bond building block for college savers seeking stability and income, with performance driven by the underlying fund’s security selection, sector rotation, and duration management, as well as prevailing interest rate and credit market conditions.