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Trending ETFs

Fidelity Tactical Bond Fund

mutual fund
FTKAX
Payout Change
Pending
Price as of:
$8.81 +0.02 +0.23%
primary theme
Bond Sector Diversified
share class
M (FTYMX) A (FTKAX) Z (FBAPX) Other (FBAGX) C (FTKCX) I (FBAHX)
FTKAX (Mutual Fund)

Fidelity Tactical Bond Fund

Payout Change
Pending
Price as of:
$8.81 +0.02 +0.23%
primary theme
Bond Sector Diversified
share class
M (FTYMX) A (FTKAX) Z (FBAPX) Other (FBAGX) C (FTKCX) I (FBAHX)
FTKAX (Mutual Fund)

Fidelity Tactical Bond Fund

Payout Change
Pending
Price as of:
$8.81 +0.02 +0.23%
primary theme
Bond Sector Diversified
share class
M (FTYMX) A (FTKAX) Z (FBAPX) Other (FBAGX) C (FTKCX) I (FBAHX)

Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Tactical Bond Fund

FTKAX | Fund

$8.81

$46.1 M

3.86%

$0.34

1.30%

Vitals

YTD Return

2.1%

1 yr return

6.9%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$46.1 M

Holdings in Top 10

78.0%

52 WEEK LOW AND HIGH

$8.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.30%

SALES FEES

Front Load 4.00%

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Tactical Bond Fund

FTKAX | Fund

$8.81

$46.1 M

3.86%

$0.34

1.30%

FTKAX - Profile

Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 3.9%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Fidelity Tactical Bond Fund
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Feb 22, 2022
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeffrey Moore

Fund Description

Normally investing at least 80% of assets in debt securities of all types and repurchase agreements for those securities. Allocating assets across the full spectrum of the debt market, including investment-grade (those of medium and high quality), high yield and emerging markets debt securities across different maturities. Investments will normally include U.S. government securities (including Treasury securities), investment-grade corporate and other debt, lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds), investment-grade securitized debt securities, floating rate loans and other floating rate securities, inflation-protected debt securities, hybrid and preferred securities, contingent convertible securities, and securities of foreign issuers, including securities of issuers located in emerging markets. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics. Investing in both U.S. dollar-denominated and non-U.S. dollar-denominated securities, and generally hedging the fund's foreign currency exposures utilizing forward foreign currency exchange contracts. Investing in collateralized loan obligations. Analyzing the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments. Engaging in transactions that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default), options, and futures contracts - and forward-settling securities, to adjust the fund's risk exposure. Investing in Fidelity's Central funds (specialized investment vehicles used by Fidelity® funds to invest in particular security types or investment disciplines) consistent with the asset classes discussed above.
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FTKAX - Performance

Return Ranking - Trailing

Period FTKAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -10.3% 17.0% 92.13%
1 Yr 6.9% -8.0% 21.1% 86.42%
3 Yr N/A* -16.7% 16.3% N/A
5 Yr N/A* -14.4% 14.1% N/A
10 Yr N/A* -7.0% 6.8% N/A

* Annualized

Return Ranking - Calendar

Period FTKAX Return Category Return Low Category Return High Rank in Category (%)
2023 2.4% -12.0% 8.9% 60.09%
2022 N/A -31.8% 18.4% N/A
2021 N/A -16.2% 25.7% N/A
2020 N/A -31.1% 18.7% N/A
2019 N/A -6.1% 15.3% N/A

Total Return Ranking - Trailing

Period FTKAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -10.3% 17.0% 92.13%
1 Yr 6.9% -8.0% 21.1% 86.42%
3 Yr N/A* -16.7% 16.3% N/A
5 Yr N/A* -14.4% 14.1% N/A
10 Yr N/A* -7.0% 6.8% N/A

* Annualized

Total Return Ranking - Calendar

Period FTKAX Return Category Return Low Category Return High Rank in Category (%)
2023 6.8% -6.9% 22.2% 71.03%
2022 N/A -31.8% 21.1% N/A
2021 N/A -13.5% 49.9% N/A
2020 N/A -28.6% 24.1% N/A
2019 N/A -4.8% 19.1% N/A

NAV & Total Return History

FTKAX - Holdings

Concentration Analysis

FTKAX Category Low Category High FTKAX % Rank
Net Assets 46.1 M 2.63 M 143 B 92.86%
Number of Holdings 95 4 9195 83.20%
Net Assets in Top 10 44.1 M -204 M 80.4 B 79.00%
Weighting of Top 10 78.00% 5.8% 265.8% 12.70%

Top 10 Holdings

  1. UST NOTES 4.125% 11/15/2032 14.64%
  2. UST NOTES 4% 01/31/2031 12.15%
  3. UST NOTES 4.375% 05/15/2034 11.23%
  4. Fidelity Floating Rate Central Fund 9.79%
  5. UNITED STATES TREASURY BOND 4.125% 08/15/2053 9.70%
  6. Fidelity International Credit Central Fund 6.83%
  7. Fidelity High Income Central Fund 5.90%
  8. UST NOTES 3.75% 12/31/2030 3.70%
  9. UNITED STATES TREASURY BOND 2.875% 05/15/2052 2.13%
  10. Fidelity Cash Central Fund 1.92%

Asset Allocation

Weighting Return Low Return High FTKAX % Rank
Bonds 		73.71% 0.00% 199.60% 75.12%
Stocks 		22.51% -6.18% 99.66% 11.98%
Cash 		2.16% -94.66% 99.97% 63.61%
Preferred Stocks 		1.62% 0.00% 26.42% 9.33%
Other 		0.00% -73.61% 147.15% 77.60%
Convertible Bonds 		0.00% 0.00% 33.50% N/A

Stock Sector Breakdown

Weighting Return Low Return High FTKAX % Rank
Utilities 		0.00% 0.00% 100.00% N/A
Technology 		0.00% 0.00% 28.30% N/A
Real Estate 		0.00% 0.00% 100.00% N/A
Industrials 		0.00% 0.00% 100.00% N/A
Healthcare 		0.00% 0.00% 18.60% N/A
Financial Services 		0.00% 0.00% 100.00% N/A
Energy 		0.00% 0.00% 100.00% N/A
Communication Services 		0.00% 0.00% 100.00% N/A
Consumer Defense 		0.00% 0.00% 99.97% N/A
Consumer Cyclical 		0.00% 0.00% 89.95% N/A
Basic Materials 		0.00% 0.00% 100.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High FTKAX % Rank
US 		22.51% -6.18% 99.66% 11.98%
Non US 		0.00% -0.26% 17.73% 40.44%

Bond Sector Breakdown

Weighting Return Low Return High FTKAX % Rank
Cash & Equivalents 		1.92% 0.00% 94.89% 60.84%
Derivative 		0.00% -73.61% 147.15% 59.28%
Securitized 		0.00% 0.00% 99.65% N/A
Corporate 		0.00% 0.00% 96.66% N/A
Municipal 		0.00% 0.00% 54.26% N/A
Government 		0.00% 0.00% 99.43% N/A

Bond Geographic Breakdown

Weighting Return Low Return High FTKAX % Rank
US 		71.19% 0.00% 199.60% 63.61%
Non US 		2.51% 0.00% 74.14% 47.74%

FTKAX - Expenses

Operational Fees

FTKAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.30% 0.03% 20.67% 44.19%
Management Fee 0.68% 0.00% 2.29% 67.59%
12b-1 Fee 0.25% 0.00% 1.00% 27.95%
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

FTKAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.00% 0.00% 5.75% 39.83%
Deferred Load N/A 1.00% 1.50% N/A

Trading Fees

FTKAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FTKAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 632.00% N/A

FTKAX - Distributions

Dividend Yield Analysis

FTKAX Category Low Category High FTKAX % Rank
Dividend Yield 3.86% 0.00% 23.30% 66.72%

Dividend Distribution Analysis

FTKAX Category Low Category High Category Mod
Dividend Distribution Frequency None SemiAnnual Monthly Monthly

Net Income Ratio Analysis

FTKAX Category Low Category High FTKAX % Rank
Net Income Ratio N/A -1.55% 11.51% N/A

Capital Gain Distribution Analysis

FTKAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

FTKAX - Fund Manager Analysis

Managers

Jeffrey Moore

Start Date

Tenure

Tenure Rank

Feb 10, 2022

0.3

0.3%

Jeffrey Moore is a portfolio manager at FMRCo. In this role he manages portfolios across retail and institutional assets, including Fidelity and Fidelity Advisor funds. Mr. Moore was previously a fixed income analyst assigned to several sectors, including sovereign debt, energy, REITs, and Yankee banks. Mr. Moore joined Fidelity in 1995 and has been in the investments industry since 1990. Mr. Moore earned his bachelor of arts degree in economics from the University of Western Ontario and his master’s degree in economics from the University of Waterloo. He is a CFA charterholder.

Michael Plage

Start Date

Tenure

Tenure Rank

Feb 10, 2022

0.3

0.3%

Since joining Fidelity Investments in 2005, Mr. Plage has worked as a trader and portfolio manager. Michael Plage is a portfolio manager in the Fixed Income division at FMRCo. In this role, Mr. Plage manages institutional and retail Fixed Income portfolios within Core, Core Plus, and Tactical Bond strategies. Mr. Plage joined Fidelity in 2005, and has been in the investments industry since 1997. Mr. Plage earned his bachelor of science degree from the University of South Carolina and his master of business administration degree from the University of Connecticut. He is also a Chartered Financ

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.71 3.19

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