FMET - Fidelity Multi-Asset Income Fund Q1 2025 Commentary
2025-05-07 08:15:00 ET
Summary
- Fidelity Multi-Asset Income Fund is a flexible income-oriented strategy that invests tactically across a broad spectrum of income-producing securities, ranging from investment-grade bonds to dividend-paying equities.
- The fund brings Fidelity's specialists in income investing together in a single portfolio.
- For the quarter, the fund's Retail Class shares returned -2.01%, trailing the -0.74% result of the Composite index, a 50/50 blend of the S&P 500 index and the Bloomberg U.S. Aggregate Bond Index.
- In managing the fund, we seek opportunities in a wide variety of assets, caused by temporary mispricing as investors overreact to fear or uncertainty.
Investment Approach
- Fidelity® Multi-Asset Income Fund is a flexible income-oriented strategy that invests tactically across a broad spectrum of income-producing securities, ranging from investment-grade bonds to dividend-paying equities.
- Unconstrained by target asset allocation profiles or benchmark weights, the fund dynamically pursues attractive income and value opportunities across asset classes, while closely monitoring interest rate, equity and credit risk. This flexibility helps the fund adapt to market conditions, with the goal of generating capital appreciation in rising markets and mitigating losses in declining markets.
- The fund brings Fidelity's specialists in income investing together in a single portfolio. The lead manager and co-managers work collaboratively to identify the optimal combination of securities, reflective of market conditions, in seeking to balance income potential versus risk. Each manager leverages specialized research teams to find the most compelling investment ideas within their respective areas of expertise.