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Pioneer Strategic Income Fund Class A

  • Symbol: PSRAX
  • Transaction Fee/Load Transaction Fee/Load 1  See Fidelity Fund Picks for no transaction fee alternatives

Portfolio Diversification

 2 More Information
AS OF 2/29/2016
Portfolio Weight Multisector Bond
Corporate Bond 43.86% 23.16%
Agency Mortgage-Backed 11.11% 7.26%
Bank Loan 9.89% 0.24%
Non-Agency Residential Mortgage-Backed 9.02% 3.24%
Government 7.33% 7.61%
Asset-Backed 5.07% 5.65%
Cash & Equivalents 4.57% 22.52%
Commercial Mortgage-Backed 3.45% 7.14%
Convertible 2.05% 0.22%
Municipal Tax-Exempt 1.49% 0.20%
Government Related 0.92% 10.83%
Municipal Taxable 0.78% 1.19%
Preferred Stock 0.48% 0.41%
Covered Bond 0.00% 0.00%
Future/Forward 0.00% 10.20%
Option/Warrant 0.00% 0.00%
Swap 0.00% 0.13%

Asset Allocation

 2 More Information
AS OF 2/29/2016; MORNINGSTAR CATEGORY: Multisector Bond
Fund Category Average
Cash 4.67% 0.03%
Convertibles 2.18% 0.38%
Domestic Bond 66.63% 74.05%
Preferred Stock 1.79% 0.63%
Foreign Bond 23.73% 22.04%
Foreign Stock 0.00% 0.06%
Others 0.97% 1.17%
Domestic Stock 0.03% 1.64%

Top 10 Holdings

 2 More Information
AS OF 2/29/2016
US Treasury Bond 0.75% 02/15/2045 1.84%
Zero% 30nov20 1.00%
US Treasury Bond 1% 02/15/2046 0.90%
FNMA 5% 11/01/2044 0.71%
Wells Fargo & Co, San Francisco Ca Pfd 0.59%
New Zealand(Govt) 4.5% 0.56%
FNMA 5% 09/01/2030 0.53%
Verizon Comms 6.55% 0.50%
Australia(Cmnwlth) 3.25% 0.50%
Directv Hldgs Llc / Directv 3.95% 0.43%
% of Total Portfolio 7.58%
Total # of holdings: 1550 as of 2/29/2016

Credit Quality

 2 More Information
AS OF 3/31/2016
AAA 23.33%
AA 4.31%
A 8.97%
BBB 21.94%
BB 19.53%
B 13.51%
Below B 2.87%
Not Rated 5.54%

Fixed Income StyleMap®*

 4 More Information
AS OF 2/29/2016
Credit Quality
Low current
Ltd Mod Ext
Interest Rate Sensitivity

Low Quality Moderate Sensitivity

Hold securities with a low asset-weighted average credit rating and a moderate sensitivity to interest rate changes as defined by the fund's effective duration, both according to Morningstar's rating system.

*92.54%  Fund Assets Covered

Country Diversification

 2 More Information
AS OF 2/29/2016
Cayman Islands
United States
United Kingdom

Fund Facts

More Information
Fiscal Year End
Fund Inception
Fund Symbol
Order Cutoff Time
04:00 PM EST

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1. Transaction Fee:

A transaction fee is similar to a brokerage fee or commission which you pay when you buy or sell a stock. For some funds available through Fidelity you are required to pay a transaction fee. However, you will not pay a sales load on Transaction Fee (TF) funds. You will only be charged a transaction fee when you buy a FundsNetwork TF fund, not when you sell one. All other fees and expenses described in a fund's prospectus still apply. You can choose to buy or sell shares directly from the fund itself or its principal underwriter or distributor without paying a transaction fee to Fidelity.

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Representative-Assisted: 0.75% of principal, Maximum: $250, Minimum: $100
Automatic Investment: $5 per transaction, after the initial investment.

Sales load:

A sales charge added to the price of the fund. Funds have different sales charge structures, including front-end loads, back-end loads (deferred), and no loads. Sales loads can either be charged when a fund is purchased, commonly known as a front-end load, or when a fund is sold, known as a deferred load. Not all funds charge a load. Refer to the Loads, Expense and Minimums section of the fund's prospectus for details on these amounts. Although no load funds do not have a front-end or deferred load, they may incur other fees, such as a 12b-1 fee.

2. Any holdings, asset allocation, diversification breakdowns or other composition data shown are as of the date indicated and are subject to change at any time. They may not be representative of the fund's current or future investments. Some breakdowns may be intentionally limited to a particular asset class or other subset of the fund's entire portfolio, particularly in multi-asset class funds where the attributes of the equity and fixed income portions are different.

Under the asset allocation section, international (or foreign) assets may be reported differently depending on how an investment options reports its holdings. Some do not report international (or foreign) holdings here, but instead report them in a "Regional Diversification" section. Some report them in this section as an to the equity, bond and other allocation shown. Others report international (or foreign) holding as a subset of the equity and bond allocations shown. If the allocation without the foreign component (or round to) 100%, then international (or foreign) is a subset of the equity and bond percentage shown.

3. A standard yield calculation developed by the Securities and Exchange Commission for bond funds. The yield is calculated by dividing the net investment income per share earned during the 30-day period by the maximum offering price per share on the last day of the period. The yield figure reflects the dividends and interest earned during the 30-day period, after the deduction of the fund's expenses. It is sometimes referred to as "SEC 30-Day Yield" or "standardized yield".

4. Fixed Income StyleMap StyleMap depictions of mutual fund characteristics are produced using data and calculations provided by Morningstar, Inc. StyleMapsSM estimate characteristics of a fund's fixed income holdings over two dimensions: credit quality and interest rate sensitivity. Current StyleMap characteristics are calculated each time Morningstar receives updated portfolio holdings from a fund and are denoted with a dot. Historical StyleMap characteristics are calculated for the shorter of either the past 3 years or the life of the fund, and are represented by the shading of the box(es) previously occupied by the dot. StyleMap characteristics represent an approximate profile of the fund's holdings, are based on historical data, and are not predictive of the fund's future investments. Although the data are gathered from reliable sources, accuracy and completeness cannot be guaranteed.

Generally, data on Fidelity mutual funds is provided by FMR, LLC, Morningstar ratings and data on non-Fidelity mutual funds is provided by Morningstar, Inc. and data on non-mutual fund products is provided by the product's investment manager, trustee or issuer or the plan sponsor whose plan is offering the product to participants. Although Fidelity believes the data gathered from these third-party sources is reliable, it does not review such information and cannot warrant it to be accurate, complete or timely. Fidelity is not responsible for any damages or losses arising from any use of this third-party information.

Before investing, consider the investment objectives, risks, charges and expenses of the fund or annuity and its investment options. Contact Fidelity for a free prospectus and, if available, summary prospectus containing this information. Read it carefully.

Morningstar Category: Multisector Bond
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