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FLOTX

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    9.4278$
  • Previous Close
    9.4278$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

FLOTX.US refers to the Fidelity Series Investment Grade Securitized Fund, a mutual fund managed by Fidelity Investments. This fund primarily invests in investment-grade securitized debt, such as asset-backed securities (ABS) and mortgage-backed securities (MBS). It seeks to provide a high level of current income consistent with prudent investment management. The fund typically targets securities that are rated within the top four rating categories by major credit rating agencies, although it may invest in securities of lower quality. Investors should review the fund's prospectus for more complete information and to understand the fund's investment strategy and risks.
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Factors

Credit Risk: Lower credit quality in underlying floating rate debt may decrease fund value.

Interest Rate Changes: Floating rates adjust, but lags affect fund returns, especially during rapid rate hikes.

Market Liquidity: Reduced liquidity in floating rate debt can impact trading prices of the fund.

Fund Management: Manager skill in security selection impacts fund performance and price.

Investor Demand: Higher demand increases price; increased selling pressure decreases price.

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