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Fidelity Strategic Income (FSICX) Fund Ranking and Research

Ranking, Research and Recommendation of Fidelity Strategic Income (FSICX) Fund

    Last Trade: $11.11 on 8/21/2017, Change: +0.01 (0.09%)

 

Graph of Fidelity Strategic Income Fund (FSICX) ManagerFund Manager - Joanna E. Bewick

Fund Manager Information

Fund Manager Tenure: 9.4 years
Similar Funds: FSIAX  FSINX  FSRCX 
Fund Family: Fidelity Investments
Fund Category: Multisector Bond
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.61)     (What does this score mean?)
Honorable Mentioning: US News (2011),
Bewick is a portfolio manager with Fidelity Investments. She has been with the company since 1997. Prior to joining Fidelity Investments, Bewick worked as a fixed income research analyst and as senior vice president of Strategic Services. She left Fidelity and joined JP Morgan Asset Management as a vice president and fixed income analyst in 2006. Bewick returned to Fidelity in 2007 as a portfolio manager.  Get more insights on Joanna E. Bewick

 

Graph of Fidelity Strategic Income Fund (FSICX) ProfileFidelity Strategic Income Fund (FSICX) Profile

Fund Profile and Description

Fidelity Strategic Income Fund seeks current income; capital appreciation is a secondary consideration. Fidelity Strategic Income Fund invests primarily in debt securities, including lower-quality debt securities. It allocates its assets among high yield securities, U.S. Government and investment-grade securities, emerging market securities, and foreign developed market securities and generally invests in the following proportions: approximately 40% high yield, 30% U.S. Government and investment-grade, 15% emerging market, and 15% foreign developed market securities.

 

Fidelity Strategic Income (FSICX) Fund Strength What we like about Fidelity Strategic Income (FSICX) Fund

Data for Fidelity Strategic Income Fund (FSICX) as of May 30, 2016

  • Fidelity Strategic Income Fund (FSICX) management has been with Fidelity Strategic Income Fund for 9.4 years
  • Fidelity Strategic Income Fund (FSICX) has good short-term performance (1-year return 0.51% vs -0.06% Multisector Bond category median performance)
  • Fidelity Strategic Income Fund (FSICX) has good mid-term performance (3-year return 2.37% vs 1.94% Multisector Bond category median performance)
  • Fidelity Strategic Income Fund (FSICX) ratio of up-years vs down years is greater than 2
  • Fidelity Strategic Income Fund (FSICX) has a Morningstar rating of 4 and above
  • Asset base in Fidelity Strategic Income Fund (FSICX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Fidelity Strategic Income Fund (FSICX) has an annual stock turnover rate of 88.00% vs Multisector Bond average of 88.02%. It is good that Fidelity Strategic Income management does not trade extensively for its return.
  • Fidelity Strategic Income Fund (FSICX) is less volatile than its peers as it has a 3-year Standard Deviation of 4.39, lower than category average of 4.44
  • Fidelity Strategic Income Fund (FSICX) has a lower expense ratio than its Multisector Bond average: 0.71% vs 1.03%
  • Fidelity Strategic Income Fund (FSICX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Fidelity Strategic Income Fund (FSICX) Weakness What we are cautious about Fidelity Strategic Income (FSICX) Fund

Data for Fidelity Strategic Income Fund (FSICX) as of May 30, 2016

  • Fidelity Strategic Income Fund (FSICX) has a less-than-ideal Long-term performance (5-year return 3.55% vs 3.57% Multisector Bond category median performance)
  • Fidelity Strategic Income Fund (FSICX) is less safe compared to its Multisector Bond peers
See Fidelity Strategic Income Fund (FSICX) performance details as of May 30, 2016

 

What do you think?

 

Compare Fidelity Strategic Income Fund (FSICX)Compare with other top Multisector Bond category mutual funds

Aadditional top Multisector Bond mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Fidelity Strategic Income5.000.512.373.55
PIMCO Income Instl (PIMIX)3.692.744.497.80Compare
JHancock Income I (JSTIX)2.902.142.483.77Compare
Performance Trust Strategic Bond (PTIAX)2.714.834.246.37Compare

See top fund managers for Multisector Bond Category Funds

 

Graph of Fidelity Strategic Income Fund (FSICX) Net Asset TrackingFidelity Strategic Income (FSICX) Fund Net Asset

Track net asset change of Fidelity Strategic Income fund (FSICX)

DateNet Asset
05/2016$7.36B
03/2016$7.28B
02/2016$7.10B
More historic net asset information on Fidelity Strategic Income Fund (FSICX)

  

Graph of Fidelity Strategic Income Fund (FSICX) Portfolio TrackingFidelity Strategic Income (FSICX) Fund Portfolio Allocation

Track portfolio allocation change of Fidelity Strategic Income fund (FSICX)

DateCashStockBondOther
04/20168.28%1.43%79.58%9.92%
02/20169.91%1.57%78.27%9.46%
01/20167.57%0.59%82.41%8.88%
Click here to see more historic asset allocation information on Fidelity Strategic Income Fund (FSICX)

 

graph of Fidelity Strategic Income Fund (FSICX) Top 10 Position TrackingTop 10 Holdings in Fidelity Strategic Income (FSICX) Fund

Discover what Fidelity Strategic Income Fund (FSICX) manager is buying

Apr 29, 2016
Fidelity Cent Invt Portfolios [9.99%]
US Treasury Bond 3.625% [1.75%]
US Treasury Note 2% [1.53%]
US Treasury Note 1.25% [1.32%]
Japan Government 0.1% 12/20/20 [1.3%]
Japan(Govt Of) 1.9% [1.26%]
US Treasury Note 0.094% [1.26%]
US Treasury Note 2.25% [1.24%]
Italy(Rep Of) 4.5% [1.02%]

Feb 28, 2016
Fidelity Cent Invt Portfolios [9.52%]
Japan(Govt Of) 1.9% [1.77%]
US Treasury Note 2% [1.54%]
US Treasury Bond 3.625% [1.53%]
US Treasury Note 1.875% [1.29%]
US Treasury Note 0.094% [1.26%]
US Treasury Note 2.25% [1.24%]
Us Ultra Bond Fut Jun16 Wnm6 [0.99%]
Argentine Republic 7% [0.94%]

Jan 30, 2016
Fidelity Cent Invt Portfolios [8.89%]
Japan(Govt Of) 1.9% [1.48%]
US Treasury Bond 3.625% [1.42%]
US Treasury Note 2% [1.41%]
US Treasury Note 0.094% [1.25%]
US Treasury Note 1.875% [1.19%]
US Treasury Note 2.25% [1.14%]
Argentine Republic 7% [0.95%]
Ultra Treasury Bond Future Mar16 [0.93%]
Click here for Stock Holding Change Map in Fidelity Strategic Income Fund (FSICX)

  

Latest News on Fidelity Strategic Income (FSICX) Fund

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Fidelity Strategic Income Fund (FSICX) Related ResourcesSee more information on Fidelity Strategic Income (FSICX) Fund

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