Fidelity Sustainable Low Duration Bond Fund (FAPGX)
Fidelity Sustainable Low Duration Bond Fund operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $10.21, up 0.00% on the session, giving a market capitalisation of $53.1M. Its beta of 0.05 implies it has historically moved less than the broad market.
The fund primarily aims to achieve a significant stream of current income while diligently safeguarding investors' principal. It typically dedicates at least 80% of its total assets to various forms of investment-grade debt securities (those considered medium to high quality) and related repurchase agreements. These particular investments are selected by Fidelity Management & Research Company LLC (the Adviser) for their perceived positive environmental, social, and governance (ESG) benefits. Furthermore, the fund generally ensures that the dollar-weighted average maturity of its holdings does not exceed two years.
Fidelity Sustainable Low Duration Bond Fund is most often compared with the following Financial Services names: