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The flexible approach of the Fidelity® Capital & Income Fund might be a strategy to consider.
Overall Morningstar Rating—out of 586 High Yield Bond Funds*Rating as of 3/31/25
The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics, which are based on risk-adjusted returns. Past performance is no guarantee of future results.
The fund invests primarily in bonds issued by non-investment grade companies. However, in the search for income and total return, fund management also has the flexibility to invest in stocks and other types of income-generating securities based on market outlook, becoming more defensive or opportunistic as conditions warrant.
Hear Brian Chang discuss the opportunistic approach he takes to high income investing as portfolio manager of Fidelity Capital & Income Fund.
