Line of Credit Seeks a high level of current income.
Normally investing at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities. Investing in lower-quality debt securities. Engaging in transactions that have a leveraging effect on the fund.
Fixed income investments entail interest rate risk (as interest rates rise bond prices usually fall), the risk of issuer default, issuer credit risk and inflation risk. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. Lower-quality bonds can be more volatile and have greater risk of default than higher-quality bonds. Leverage can increase market exposure and magnify investment risk.
This description is only intended to provide a brief overview of the mutual fund. Read the fund's prospectus for more detailed information about the fund.
| Return Type | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | Life |
|---|---|---|---|---|---|
FUND Fidelity® Investment Grade Bond Fund | 1.59% | -2.18% | 0.39% | 1.86% | 6.17% |
PRIMARY BENCHMARK | 1.25% | -2.41% | -0.33% | 1.35% | -- |
MORNINGSTAR CATEGORY AVERAGE | 1.68% | -2.29% | -0.20% | 1.30% | -- |
Fidelity® Investment Grade Bond Fund | 0.19% | -3.45% | -0.89% | 0.65% | -- |
| -0.25% | -3.65% | -1.45% | 0.08% | -- | |
Fidelity® Investment Grade Bond Fund | 1.15% | -2.14% | -0.19% | 0.92% | -- |
| 0.82% | -2.32% | -0.65% | 0.48% | -- |