FTBRX

About FTBRX

Fidelity Advisor Limited Term Bond Fund – Class M is an actively managed mutual fund focused on generating a high rate of income from a diversified portfolio of fixed-income securities. According to its stated objective and strategy, the fund normally invests at least 80% of assets in debt securities and related repurchase agreements, allocating across investment‑grade, high‑yield, and emerging‑markets bonds, with the Fidelity Limited Term Composite Index serving as an allocation guide between investment‑grade and high‑yield segments. Its credit mix spans U.S. government and AAA through BBB securities, with measured exposure to below‑investment‑grade tiers, reflecting a balanced approach to income and credit risk across shorter maturities. The fund’s design aims to moderate interest‑rate sensitivity relative to longer‑duration bond strategies while maintaining diversified credit exposure across corporate, government, and emerging‑market issuers. Class M represents one of multiple share classes available for different distribution channels, with portfolio management currently led by Jared Beckerman. Investors and advisors often reference third‑party platforms for daily NAV, assets, and fees to contextualize the fund within the short‑term bond category and track its role in portfolio income allocation.