Fidelity Tactical Bond Fund (FBAPX)
Fund Info
US31635T5838
Feb 9, 2022
$0
Expense Ratio
FBAPX features an expense ratio of 0.66%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Tactical Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Tactical Bond Fund had a return of 0.84% year-to-date (YTD) and 0.50% in the last 12 months.
FBAPX
0.84%
-2.47%
0.96%
0.50%
N/A
N/A
^GSPC (Benchmark)
25.18%
-0.47%
9.35%
24.83%
13.03%
11.14%
Monthly Returns
The table below presents the monthly returns of FBAPX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.20% | -0.76% | 0.57% | -2.20% | 1.67% | 0.46% | 2.69% | 1.01% | 1.69% | -2.30% | 0.90% | 0.84% | |
| 2023 | 4.17% | -1.80% | 1.72% | 0.33% | -0.78% | 0.23% | 0.04% | -0.67% | -2.86% | -1.36% | 4.49% | 3.73% | 7.15% |
| 2022 | 0.56% | -2.02% | -3.56% | -0.65% | -3.41% | 2.88% | -1.11% | -4.22% | -0.48% | 3.29% | -0.93% | -9.52% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FBAPX is 18, meaning it’s performing worse than 82% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Tactical Bond Fund (FBAPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Tactical Bond Fund provided a 4.09% dividend yield over the last twelve months, with an annual payout of $0.35 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $0.35 | $0.40 | $0.35 |
Dividend yield | 4.09% | 4.45% | 3.95% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Tactical Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.32 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.40 |
| 2022 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.04 | $0.13 | $0.35 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Tactical Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Tactical Bond Fund was 13.71%, occurring on Oct 21, 2022. Recovery took 464 trading sessions.
The current Fidelity Tactical Bond Fund drawdown is 4.80%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.71% | Mar 2, 2022 | 165 | Oct 21, 2022 | 464 | Aug 20, 2024 | 629 |
| -4.8% | Sep 17, 2024 | 72 | Dec 27, 2024 | — | — | — |
| -0.66% | Aug 26, 2024 | 5 | Aug 30, 2024 | 2 | Sep 3, 2024 | 7 |
| -0.6% | Feb 22, 2022 | 3 | Feb 24, 2022 | 2 | Feb 28, 2022 | 5 |
| -0.44% | Aug 22, 2024 | 1 | Aug 22, 2024 | 1 | Aug 23, 2024 | 2 |
Volatility
Volatility Chart
The current Fidelity Tactical Bond Fund volatility is 1.42%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.