Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you
Mutualfunds logo

FSTAX Fidelity Advisor® Strategic Income A

  • Fund
  • FSTAX
  • Price as of: Dec 15, 2017
  • $12.43
  • - $0.00
  • - 0.00%
  • Category
  • Total Bond Market

FSTAX - Profile

Vitals

  • YTD Return 4.5%
  • 3 Yr Annualized Return 4.1%
  • 5 Yr Annualized Return 3.6%
  • Net Assets $9.06 B
  • Holdings in Top 10 55.0%

52 WEEK LOW AND HIGH

$12.43
$11.84
$12.50

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.01%

SALES FEES

  • Front Load 4.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 76.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$500

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return 4.5%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 3.64%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Fidelity Advisor® Strategic Income Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Sep 03, 1996
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager David Simner

Fund Description

The fund invests primarily in debt securities, including lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds). It allocates the fund's assets among four general investment categories: high yield securities, U.S. government and investment-grade securities, emerging market securities, and foreign developed market securities.

FSTAX - Performance

Return Ranking - Trailing

Period FSTAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.5% -19.6% 24.5% 6.17% 1
1 Yr 8.4% -15.5% 26.5% 5.23% 1
3 Yr 4.1% * -6.1% 10.2% 5.61% 1
5 Yr 3.6% * -2.5% 14.8% 8.12% 1
10 Yr 5.8% * -1.4% 9.2% 5.23% 1

* Annualized


Return Ranking - Calendar

Period FSTAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 5.0% -10.9% 192.8% 3.56% 1
2015 -5.0% -33.0% 4.2% 54.63% 5
2014 -1.5% -9.3% 14.9% 55.79% 5
2013 -4.6% -24.1% 40.4% 50.29% 4
2012 5.1% -100.0% 18.7% 12.85% 1

Total Return Ranking - Trailing

Period FSTAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.5% -19.6% 24.5% 6.16% 1
1 Yr 4.1% -15.5% 26.5% 26.79% 2
3 Yr 2.7% * -7.0% 10.2% 18.18% 1
5 Yr 2.8% * -3.4% 14.8% 17.90% 1
10 Yr 5.4% * -1.4% 9.2% 7.92% 1

* Annualized


Total Return Ranking - Calendar

Period FSTAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 5.0% -9.5% 195.3% 7.07% 1
2015 -5.0% -32.5% 7.4% 67.05% 5
2014 0.1% -8.3% 16.8% 55.36% 4
2013 -4.7% -12.9% 58.5% 66.26% 5
2012 5.3% -100.0% 35.2% 32.02% 2

NAV & Total Return History

FSTAX - Holdings

Filings data as of: Oct 31, 2017

Concentration Analysis

FSTAX Category Low Category High FSTAX % Rank Quintile
Net Assets 9.06 B 319 K 192 B 2.49% 1
Number of Holdings 587 1 17413 10.58% 2
Net Assets in Top 10 5.03 B -36 B 31.8 B 1.27% 1
Weighting of Top 10 55.0% 0.0% 1191.5% 6.66% 2

Top 10 Holdings

  1. High Yield Debt Sub-Portfolio Positions 39.29%
  2. Fidelity Cent Invt Portfolios 7.35%
  3. US Treasury Note 2.25% 1.28%
  4. US Treasury Note 1.875% 1.22%
  5. Germany (Federal Republic Of) 1.20%
  6. United Kingdom (Government Of) 1.25% 1.04%
  7. US Treasury Note 2% 0.93%
  8. US Treasury Note 2% 0.93%
  9. US Treasury Bond 3.625% 0.91%
  10. US Treasury Note 2.125% 0.87%

Asset Allocation

Weighting Category Low Category High FSTAX % Rank Quintile
Bonds
46.75% -175.98% 562.01% 28.64% 5
Other
46.67% -21.56% 99.99% 0.20% 1
Cash
6.42% -461.99% 275.92% 12.56% 2
Stocks
0.06% -2.81% 98.31% 5.04% 1
Preferred Stocks
0.05% 0.00% 20.69% 10.17% 3
Convertible Bonds
0.05% 0.00% 13.10% 6.26% 2

Stock Sector Breakdown

Weighting Category Low Category High FSTAX % Rank Quintile
Energy
0.06% -0.88% 9.62% 4.74% 2
Utilities
0.00% -0.09% 7.73% 4.84% 4
Technology
0.00% -1.56% 21.00% 4.64% 4
Real Estate
0.00% -0.72% 17.38% 4.44% 4
Industrials
0.00% -0.30% 11.58% 5.23% 4
Healthcare
0.00% -0.69% 11.13% 4.24% 4
Financial Services
0.00% -0.15% 21.06% 7.01% 5
Communication Services
0.00% -0.44% 6.14% 4.15% 4
Consumer Defense
0.00% -0.24% 10.78% 4.24% 4
Consumer Cyclical
0.00% -0.36% 12.13% 5.13% 4
Basic Materials
0.00% -0.43% 15.63% 3.85% 4

Stock Geographic Breakdown

Weighting Category Low Category High FSTAX % Rank Quintile
Non US
0.06% -0.82% 96.61% 2.80% 1
US
0.00% -15.26% 90.53% 4.93% 4

Bond Sector Breakdown

Weighting Category Low Category High FSTAX % Rank Quintile
Government
34.52% -389.49% 503.27% 7.93% 2
Corporate
6.71% 0.00% 221.70% 30.62% 5
Cash & Equivalents
5.79% -462.00% 275.92% 12.87% 2
Securitized
5.55% 0.00% 118.59% 27.57% 5
Derivative
0.64% -64.42% 84.44% 1.88% 1
Municipal
0.01% 0.00% 99.16% 12.51% 3

Bond Geographic Breakdown

Weighting Category Low Category High FSTAX % Rank Quintile
US
23.83% -370.09% 500.82% 30.82% 5
Non US
22.92% -129.54% 351.70% 6.21% 1

FSTAX - Expenses

Operational Fees

FSTAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.01% 0.00% 32.76% 9.16% 3
Management Fee 0.56% 0.00% 2.15% 2.03% 5
12b-1 Fee 0.25% 0.00% 1.00% 1.90% 3
Administrative Fee N/A 0.00% 0.63% N/A N/A

Sales Fees

FSTAX Fees (% of AUM) Category Low Category High FSTAX Rank Quintile
Front Load 4.00% 0.00% 5.75% 2.04% 3
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

FSTAX Fees (% of AUM) Category Low Category High FSTAX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FSTAX Fees (% of AUM) Category Low Category High FSTAX Rank Quintile
Turnover 76.00% 0.00% 1541.00% 11.96% 3

FSTAX - Distributions

Dividend Yield Analysis

FSTAX Category Low Category High FSTAX % Rank Quintile
Dividend Yield 0.4% 0.00% 1.00% 8.28% 1

Dividend Distribution Analysis

FSTAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FSTAX Category Low Category High FSTAX % Rank Quintile
Net Income Ratio 3.64% -1.56% 9.28% 5.86% 1

Capital Gain Distribution Analysis

FSTAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Daily Annually

FSTAX - Managers

David Simner

Manager

Start Date

Jul 31, 2007

Tenure

10.34

Tenure Rank

3.0%

David Simner joined Fidelity in 1996 as a Quantitative Analyst and progressed to become the Director of Quantitative Research in 2003 and a Portfolio Manager in 2007. Prior to joining Fidelity, he was with NatWest as a Quantitative Developer and with KPMG as an IT Consultant. In addition to managing Fidelity’s main European fixed income range since 2009, David has been responsible for the global fixed income portfolios since 2007. David holds a BSc (Hons) in Computing Science from Imperial College.


Franco Castagliuolo

Manager

Start Date

Dec 31, 2009

Tenure

7.92

Tenure Rank

4.2%

Franco Castagliuolo joined Fidelity Investments in 1997, Mr. Castagliuolo has served as a research associate and portfolio manager.


Jonathan Kelly

Manager

Start Date

Apr 30, 2002

Tenure

15.6

Tenure Rank

1.3%

Jonathan Kelly is a portfolio manager at FMR Co. In this role, Mr. Kelly manages Fidelity Series Emerging Markets Debt Fund and co-manages multiple advisor and institutional funds. Prior to assuming his current role, Mr. Kelly was a lead manager for Fidelity’s global fixed income funds. Before joining Fidelity in 1991, Mr. Kelly was an associate with Goldman Sachs Asset Management where he served as an assistant to Fischer Black. Mr. Kelly earned his BA degree in engineering from Dartmouth College and his MBA degree from The Wharton School of Business at the University of Pennsylvania.


Ford E. O'Neil

Lead Manager

Start Date

Jun 15, 2012

Tenure

5.46

Tenure Rank

5.5%

Ford O’Neil is a portfolio manager at FMRCo. In this role, Mr. O’Neil manages various retail and institutional taxable bond funds/portfolios. His responsibilities include managing multiple Fidelity and Fidelity Advisor funds and various institutional comingled pools. Prior to assuming his current role, he worked as an analyst focusing on the utility sector from 1990 to 1992. Mr. O’Neil joined Fidelity in 1990 and has been in the investments industry since 1985. He earned his bachelor of arts degree from Harvard College and his MBA from The Wharton School at the University of Pennsylvania.


Mark Notkin

Manager

Start Date

Apr 30, 1999

Tenure

18.6

Tenure Rank

0.8%

Mr. Notkin is a vice president and co-manager of Fidelity Investments. Since joining Fidelity in 1994, he has worked as a research analyst and portfolio manager.


Adam Kramer

Lead Manager

Start Date

Jul 31, 2017

Tenure

0.33

Tenure Rank

9.6%

Adam Kramer is co-manager of Fidelity Funds, which he has managed since October 2011. Since joining Fidelity Investments in 2000, Mr. Kramer has worked as a research analyst, a portfolio assistant, and a portfolio manager.


Sean Corcoran

Manager

Start Date

Dec 08, 2017

Tenure

0.0

Tenure Rank

9.9%

Since joining Fidelity Investments in 2001, Mr. Corcoran has worked as a research analyst and portfolio manager.


Tenure Analysis

Category Low

0.0

Category High

28.9

Category Average

6.33

Category Mode

0.7