Fidelity Stable Value

Fidelity has been managing stable value assets since 1986. A dedicated investment team manages approximately $40 billion in assets for an extensive institutional client base.1

  • Strong risk-adjusted performance potential through diversification, credit quality, and yield-curve management
  • Leverages Fidelity's fixed income expertise—grounded in fundamental research, rigorous quantitative analysis, and expert trading
  • Consistent emphasis on capital preservation, market-to-book ratio management, and liquidity

The Fidelity Stable Value pools are separate funds of the Fidelity Group Trust for Employee Benefit Plans and managed by Fidelity Management Trust Company. Only qualified, participant-directed, defined contribution plans may invest in these pools. These investment options are not mutual funds and are only available to eligible investors.

Dedicated Investment Process

Integrated decision-making process incorporates multiple perspectives

• Fundamental analysts• Independent research• Fundamental analysis andrelative valuations• Leverage Global research platform• Institutional AssetManagement Counsel• ERISA Counsel• Contract negotiation• Wrap compliance• Relationship management• Accounting and Operations• Participant communications andeducation resources• Portfolio managers• Portfolio strategy and construction• Risk management• Quantitative analysts• Measure andunderstand risk• Proprietary modeling• Model all securities inportfolio and index• Dedicated traders by sector• Market surveillance and trade execution• Tactical perspective on portfolio constructionPortfolio ManagementLegal SupportCredit ResearchClient SupportSpecialized TradingQuantitativeResearchStable ValueStrategy
Stable ValueStrategy• Fundamental analysts• Independent research• Fundamental analysis andrelative valuations• Leverage Global researchplatform• Institutional AssetManagement Counsel• ERISA Counsel• Contract negotiation• Wrap compliance• Relationship management• Accounting and Operations• Participant communicationsand education resources• Portfolio managers• Portfolio strategy andconstruction• Risk management• Quantitative analysts• Measure and understandrisk• Proprietary modeling• Model all securities in portfolioand index• Dedicated traders by sector• Market surveillance and tradeexecution• Tactical perspective on portfolioconstructionPortfolio ManagementLegal SupportCredit ResearchClient SupportSpecialized TradingQuantitative Research

For illustrative purposes only.

Objective

The primary objective is to seek preservation of capital, while the secondary objective is to provide a level of income over time that is consistent with the preservation of capital.

Investment Approach

Invest in a broad spectrum of high-quality, investment-grade, short- to intermediate-term fixed income investments. Other potential purchases include investment contracts issued by insurance companies, banks, or other financial institutions.

We utilize a fully transparent, team-based approach to manage our Stable Value portfolios. The team, led by portfolio managers, is composed of analysts and traders to aid portfolio construction.

Portfolio Managers

David DeBiase
David DeBiase, CFA Portfolio Manager
Robert Galusza
Robert Galusza Portfolio Manager
Julian Potenza
Julian Potenza, CFA Portfolio Manager
Contact Us

General Inquiries

  • fams@fmr.com
  • Fidelity 401(k) recordkept clients should contact their managing director with questions or visit workplace.fidelity.com.
  • Past performance is no guarantee of future results. An investment may be risky, may fluctuate in value, and may not be suitable for all investors.
  • 1. As of 6/30/23. Assets and client counts are unaudited. Assets include money market portfolios held in stable value accounts.
  • This strategy's performance will change daily based on changes in interest rates and market conditions and in response to other economic, political, or financial developments. Debt securities are sensitive to changes in interest rates depending on their maturity, and may involve the risk that their prices may decline if interest rates rise or, conversely, if interest rates decline, their prices may increase. Debt securities carry the risk of default, prepayment risk, and inflation risk. Changes specific to an issuer, which may involve its financial condition or economic environment, can affect the credit quality or value of an issuer's securities. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high-yield debt securities) and certain types of other securities are more volatile and are often considered to be speculative and involve greater risk due to increased sensitivity to adverse issuer, political, regulatory, and market developments, especially in periods of general economic difficulty. The value of mortgage securities may change due to shifts in the market's perception of issuers and changes in interest rates or regulatory or tax changes.
  • Derivatives may be volatile and involve significant risk, such as credit risk, currency risk, leverage risk, counterparty risk, and liquidity risk. Using derivatives can disproportionately increase losses and reduce opportunities for gains in certain circumstances. Investments in derivatives may have limited liquidity and may be harder to value, especially in declining markets. Derivatives involve leverage because they can provide investment exposure in an amount exceeding the initial investment. Leverage can magnify investment risks and cause losses to be realized more quickly. A small change in the underlying asset, instrument, or index can lead to a significant loss. Assets segregated to cover these transactions may decline in value and are not available to meet redemptions. Government legislation or regulation could affect the use of these transactions and could limit the ability to pursue such investment strategies.
  • Products and services presented here are managed by Fidelity Management Trust Company, a Massachusetts trust company.
 
 

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