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Fixed Income & Bonds

Fixed income investments generally pay a return on a fixed schedule, though the amount of the payments can vary. Individual bonds may be the best known type of fixed income security, but the category also includes bond funds, ETFs, CDs, and money market funds.

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Individual Bonds

Bonds make interest payments and repay the principal on a fixed schedule. Interest and principal payments are subject to the creditworthiness of the issuer.

Bond Funds

Bond mutual funds invest primarily in individual bonds. Many make periodic dividend payments based on the interest paid by the bonds held in the fund.

Fixed Income ETFs

Exchange-traded funds (ETFs) are baskets of investments that trade as a single unit throughout the day.

Certificates of Deposit (CDs)

CDs offer FDIC insurance,* providing a guarantee of the invested principal up to certain limits.

Money Market Funds

Money market funds are managed to help preserve your principal by investing in lower-risk debt securities with shorter maturities.

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Research & education

Research fixed income & bonds
Stay up to date with news, market data, and research on fixed income investing and the bond market.

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Gain a deeper understanding of fixed income and bonds in the Fidelity Learning Center.

Find a bond

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information.  Read it carefully.
* For the purposes of FDIC insurance coverage limits, all depository assets of the accountholder at the institution that issued the CD will generally be counted toward the aggregate limit (usually $250,000) for each applicable category of account. FDIC insurance does not cover market losses. All of the new issue brokered CDs Fidelity offers are FDIC insured. In some cases, CDs may be purchased on the secondary market at a price that reflects a premium to their principal value. This premium is ineligible for FDIC insurance. For details on FDIC insurance limits, see www.fdic.gov.

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.)  Fixed income securities also carry inflation risk, liquidity risk, call risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

High yield/non-investment grade bonds involve greater price volatility and risk of default than investment grade bonds.