Fidelity Total Bond (FTBFX)
Fidelity Total Bond operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $9.43, up 0.11% on the session, giving a market capitalisation of $42.86B. Its beta of 0.98 implies it has historically moved less than the broad market.
The Fidelity Total Bond fund primarily allocates its assets to fixed-income instruments, with a minimum of 80% typically dedicated to various types of debt obligations and related repurchase agreements. Portfolio decisions are guided by the Bloomberg U.S. Universal Bond Index, which helps the manager strategically diversify holdings across different credit qualities, including investment-grade, high-yield, and emerging market bonds. A portion of the portfolio, up to 20%, may also be committed to lower-rated, higher-risk debt instruments – commonly known as high-yield or "junk" bonds – which fall below investment-grade quality.
Fidelity Total Bond is most often compared with the following Financial Services names: