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FIAM STRATEGIES
FIAM Leveraged Loan
Seeks to outperform the Morningstar LSTA U.S. Leveraged Loan Index by primarily investing in a diversified portfolio of higher-quality speculative-grade bank loans.
An investment process focused on deep analysis to find value
Given that loans are typically issued by lower-quality companies, thorough analysis is key. Fidelity’s dedicated team fully analyzes loans, seeking asset-backed loans from reasonably sound companies, as they are more likely to outperform on a risk-adjusted basis over the long term.
Bottom-up, fundamental research
Rigorous, in-depth analysis encompasses company, industry, capital structure, and valuation components to target the best risk-adjusted opportunities in the market.
Total return mindset
Balances income and capital appreciation to achieve competitive risk-adjusted returns over a credit cycle.
Time-tested process
Fidelity has been managing high yield assets since 1977 and launched the industry’s first daily liquidity leveraged loan fund in 2000. FIAM’s Leveraged Loan strategy has produced competitive performance since inception in 2007.
Key Facts
| Composite inception | May 31, 2007 |
| Investment discipline | Senior Bank Loans |
| Style focus | Fundamental |
| Benchmark | Morningstar LSTA U.S. Leveraged Loan Index |
| Expected tracking error (bps) | 100–300 |
Featured Resources
Commentary
Leveraged Loan Quarterly Market
Commentary
Fixed Income Monthly
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The Chartered Financial Analyst (CFA) designation is offered by the CFA Institute. To obtain the CFA charter, candidates must pass three exams demonstrating their competence, integrity, and extensive knowledge in accounting, ethical and professional standards, economics, portfolio management, and security analysis, and must also have at least 4,000 hours of qualifying work experience completed in a minimum of 36 months, among other requirements. CFA® is a trademark owned by CFA Institute.
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