Morningstar® Investment Profile™ | Disclosure Statement Morningstar - Free Trial   Fidelity Strategic Income  FSICX   Snapshot Total Returns Rating & Risk Portfolio Nuts & Bolts Analyst Report Quote datadef_ratings Fidelity Strategic Income  FSICX   Morningstar Report Overall Morningstar Rating™ What is this? As of 2009-10-31 Out of Multisector Bond Funds Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance. Morningstar® Style Box™ What is this?    Avg Duration    ---    Avg Credit Quality    --- As of 2009-06-30 Day Change $ 0.01    NAV (2009-11-10) $ 10.80    YTD Return % (2009-11-10) 29.52%    Total Assets ($ mil) 6,925 View Data Definitions   Performance     Growth of $10,000 Fund: Fidelity Strategic Income (from 1999-01-01 to 2009-10-31) Category: Multisector Bond Index: BarCap US Agg Bond TR USD Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-10 Inception date: 1998-05-01 10yr and Inception Returns as of 2009-10-31 YTD Returns as of 2009-11-10 YTD 1 Year 3 Year 5 Year 10 Year Since Inception Fund 30.53 37.83 7.16 6.72 8.09 7.24 +/- Category 5.63 10.66 3.01 1.82 1.80 --- +/- BarCap US Agg Bond TR USD 23.62 25.34 0.71 1.45 --- --- Standardized Annual Returns %   more on standardized returns Quarter-End (as of 2009-09-30) 28.41 18.02 7.21 7.09 8.08 7.24 Month-End (as of 2009-10-31) 29.14 32.59 7.02 6.76 8.09 7.24 After Tax Returns % (as of 2009-09-30 )   On Distribution --- 29.95 4.76 4.52 5.70 --- On Distribution & Sale of Shares --- 20.91 4.62 4.44 5.50 --- Morningstar Rating --- --- --- # of compared funds covered (3 yrs : out of 164 funds), (5 yrs : out of 132 funds), (10 yrs : out of 106 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none. The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.   Portfolio Profile     Sector Breakdown % US Government 18.37 US Treasuries 16.97 TIPS 0.00 US Agency 1.40 Mortgage 1.60 Mortgage Pass-Thru 1.60 Mortgage CMO 0.00 Mortgage ARM 0.00 Credit 47.33 US Corporate 46.84 Asset-Backed 0.00 Convertible 0.48 Municipal 0.00 Corporate Inflation-Protected 0.00 Foreign 21.01 Foreign Corp 0.17 Foreign Govt 20.84 Cash 11.70 Bond Quality % of Bonds AAA --- AA --- A --- BBB --- BB --- B --- Below B --- Not Rated ---   Asset Allocation % of Net Assets Cash 10.0 Stocks 0.1 Bonds 75.4 Other 14.5 Foreign Stocks 0.0 (as a % of Assets) Data through 2009-06-30 Data through 2009-06-30 Holding Status Total Number of Stock Holdings 3 Turnover % 255 Total Number of Bond Holdings 746 30 Day SEC Yield % 5.25 % of Assets in Top 10 Holdings 16.35 ending as of 2009-09-30 View Data Definitions Top 10 Holdings Maturity Date Amount $000 Value $000 % of Net Assets Fidelity Frn Rate Central Fund --- 3,778 317,705 5.96 Fidelity Cash Central Fund, 0.40% --- 286,492 286,492 5.37 U.S. Treasury Notes: 4% 2012-11-15 68,280 73,164 1.37 Italian Republic: 3.5% 2014-06-01 46,850 66,479 1.25 Argentine Republic: 7% 2011-03-28 92,420 64,504 1.21 U.S. Treasury Notes: 1.875% 2012-06-15 60,964 61,338 1.15 Canadian Government: 3% 2014-06-01 68,500 60,321 1.13 Russian Federation: 7.5% (Reg. S) 2030-03-31 60,201 59,298 1.11 Japan Government: 1.7% 2016-12-20 5,369,000 58,470 1.10 US Treasury Bond 2039-02-15 64,856 56,080 1.05 Data through 2009-06-30   Other Information Fund Inception: 1998-05-01 Portfolio Manager  (Start Date) Joanna Bewick  (2008-04-01) Bewick is a portfolio manager with Fidelity Investments. She has been with the company since 1997. Prior to joining Fidelity Investments, Bewick worked as a fixed income research analyst and as senior vice president of Strategic Services. She left Fidelity and joined JP Morgan Asset Management as a vice president and fixed income analyst in 2006. Bewick returned to Fidelity in 2007 as a portfolio manager. Chris Sharpe  (2009-06-12) Christopher Sharpe is an asset allocation director and portfolio manager in the Structured Investment Group within Strategic Advisers, a business unit of Fidelity Investments. Prior to joining Fidelity in 2002, Mr. Sharpe was an associate investment policy officer in the Asset and Liability Management Team for John Hancock Financial Services, Inc. in Boston. From 1990 to 2000, Mr. Sharpe was an investment actuary and asset liability management consultant with William M. Mercer, Inc. in Boston. Mr. Sharpe received a Bachelor of Science degree in applied mathematics from Brown University in 1990. Sales Charge % (taken from prospectus dated 2009-02-28) Front: None Deferred: None Expense Ratio % 0.73 based on net assets (taken from annual report dated 2008-12-31) Correspondence Information 82 Devonshire Street Mailzone Zh-1 Boston,  MA  02109 United States Telephone: 877-208-0098 Data on this page does not include the fund's short positions (if any). Show Data Definitions © Copyright 2009 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. Past performance is no guarantee of future results. Returns will vary and shares may be worth more or less than their original cost when sold.