Fidelity Strategic Income (FSICX) a Zacks Ranked #1 (Strong Buy) seeks a high level of current income and capital appreciation. FSICX invests primarily in debt securities, including lower-quality debt securities, allocated among four general investment categories like high yield securities, U.S. Government and investment-grade securities, emerging market securities, and foreign developed market securities. FSICX offers dividends monthly and distributes capital gains in the month of December.

The Fidelity Strategic Income fund, managed by Fidelity, carries an expense ratio of 0.69. Moreover, FSICX requires a minimal initial investment of $2,500.

FSICX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 3.9%, and 5 year 5.57%. To see how this fund performed compared in its category, please click here.

FSICX’s performance, as of the last filing, when compared to funds in its category was in the top 17% over the past 3 years, and in the top 13% over the past 5 years.