The Department

Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of more than $3.3 trillion, including managed assets of $1.5 trillion as of February 29, 2008. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to 24 million individuals and institutions as well as through 5,500 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, the largest mutual fund supermarket and a leading online brokerage firm.

FMRCo's Fixed Income Division is one of the country's leading fixed income managers with over $638 billion in bond and money market assets managed by a staff of 120 investment professionals.  Fundamental research on domestic and international debt issuers is combined with macroeconomic and quantitative analysis to form investment decisions with a total return objective.  The Fixed Income Department consists of 20 Portfolio Managers, 56 Credit Analysts and Associates, 29 traders, and 15 Quantitative Analysts. The Fixed Income Department is headquartered in Merrimack, New Hampshire.