Industry description
The investment seeks a high level of current income; growth of capital may also be considered.
The fund invests at least 80% of assets in debt securities of all types and repurchase agreements for those securities. The advisor allocates assets across the full spectrum of the debt market, including investment-grade, high yield and emerging markets debt securities across different maturities. The fund invests 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.
High and low price notable news
The average weekly price growth across all stocks in the Fidelity Tactical Bond ETF ETF was 1%. For the same ETF, the average monthly price growth was 2%, and the average quarterly price growth was 5%. NFE experienced the highest price growth at 12%, while NFE experienced the biggest fall at 12%.