FYBTX

About FYBTX

Fidelity Series Short-Term Credit Fund is an open-end mutual fund focused on generating a high level of current income while emphasizing capital preservation. The fund primarily invests in investment-grade debt across corporates, asset-backed and mortgage-backed securities, and U.S. government issues, maintaining a dollar-weighted average maturity of three years or less to limit interest rate sensitivity. It typically keeps at least 80% of assets in investment-grade fixed income and related repurchase agreements, positioning it within the short-term bond category. The portfolio is broadly diversified, holding several hundred bonds and cash equivalents, with exposure to large U.S. financials and high-quality securitized credit alongside Treasuries. Designed as a core short-duration credit sleeve, it aims to provide steady income with below-average volatility relative to broader bond markets, reflecting limited duration and a focus on higher-quality issuers. The fund is used within multi-asset platforms and asset allocation programs, serving as a building block for liquidity-aware fixed income strategies and capital preservation mandates.