FAGIX: Junk Bond Fund Comes With Equity Exposure Too
- I reallocated funds into Fidelity Capital & Income Fund for my mom’s IRA, appreciating its high yield and longer duration exposure.
- FAGIX invests in both equities and fixed income, with a focus on lower-quality debt securities and companies in troubled financial conditions.
- The fund's current allocation is 23% equities and 77% bonds, with a notable exposure to junk-rated bonds and a WAM of just under 6 years.
- FAGIX outperformed high-yield bond measures due to its equity exposure, making it a suitable choice for conservative allocation in my mom's IRA.
Andrii Yalanskyi
Introduction
The Fidelity Capital & Income Fund (MUTF:FAGIX) is the last new Mutual Fund I reallocated funds into after taking over the management of my mom's IRA. I included links to my articles that reviewed the other
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