Fidelity on Thursday took the wraps off the Conservative Income Bond Fund. James Miller is the PM of the fund, which will invest in a combination of money market and high quality, investment-grade debt securities with short durations.

Fidelity is offering retail and institutional class shares of the fund.

"Recent developments have led to the creation of additional potential investments for fixed-income funds along the shorter segment of the yield curve, and Fidelity Conservative Income Bond Fund will seek to take advantage of those opportunities,” Miller said in a press release.  

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