Fidelity Corporate Bond Fund (FCBFX - Free Report) a Zacks Rank #1 (Strong Buy) was incepted in May 2010 and is managed by the Fidelity Group. The objective of FCBFX is to seek growth of income. FCBFX invests a large chunk of its assets in various corporate debt securities including investment-grade corporate bonds. The fund invests both in U.S. and non-U.S. companies.
The Fidelity Corporate Bond fund, managed by Fidelity, carries an expense ratio of 0.45%. Moreover, FCBFX requires a minimal initial investment of $2,500.
FCBFX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 5.5% and 5 year 5.2%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
FCBFX’s performance, as of the last filing, when compared to funds in its category was in the top 9% over the past 1 year, in the top 7% over the past 3 years, and in the 10% over the past 5 years.
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