FIGB - Fidelity Investment Grade Bond Fund Q2 2024 Review
2024-07-31 07:00:00 ET
Summary
- Fidelity Contrafund is a large-cap growth biased equity strategy focused on companies with durable multiyear earnings growth potential.
- Fidelity Investment Grade Bond Fund is a core fixed-income strategy providing investors one-stop access to a diverse group of U.S. high-grade bond sectors.
- U.S. taxable investment-grade bonds, as measured by the Bloomberg U.S. Aggregate Bond Index, posted a very modest gain (+0.07%) in the second quarter of 2024 amid mixed economic data and an ongoing holding pattern on benchmark interest rates by the U.S. Federal Reserve.
- At quarter end, the U.S. economic expansion demonstrates evidence of both mid- and late-cycle dynamics.
Investment Approach
- Fidelity® Investment Grade Bond Fund is a core fixed-income strategy providing investors one-stop access to a diverse group of U.S. high-grade bond sectors.
- Benchmarked against the Bloomberg U.S. Aggregate Bond Index, the fund seeks to deliver competitive risk-adjusted performance that is commensurate with investor expectations of a core bond fund.
- Utilizing a team-based investment process, the fund relies on experienced portfolio managers, research analysts and traders. We concentrate on areas where we believe we can repeatedly add value, including asset allocation, sector and security selection, yield-curve positioning and opportunistic trading.
- Robust governance and risk management, consisting of extensive quantitative modeling, formal and informal portfolio reviews, and proprietary tools, support the identification of both opportunities and risks.
