Description

This fund typically dedicates a minimum of 80% of its holdings to high-quality, investment-grade debt instruments (including repurchase agreements associated with such securities). The portfolio manager strives to align the fund's overall sensitivity to interest rate changes with that of the Fidelity Limited Term Composite Index. Furthermore, the portfolio is structured to uphold a dollar-weighted average maturity within a two-to-five-year timeframe. Investments are strategically diversified across various market segments and different bond maturity periods. The fund acquires securities from both U.S. and international issuing bodies.