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FSTAX Fidelity Advisor® Strategic Income A

  • Fund
  • FSTAX
  • Price as of: Mar 24, 2017
  • $12.05
  • + $0.01
  • + 0.08%
  • Category
  • Total Bond Market

FSTAX - Profile

Vitals

  • YTD Return 1.3%
  • 3 Yr Annualized Return 3.4%
  • 5 Yr Annualized Return 3.8%
  • Net Assets $8.43 B
  • Holdings in Top 10 17.5%

52 WEEK LOW AND HIGH

$12.05
$11.51
$12.18

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 1.3%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 3.0%
  • 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 Joanna Bewick

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 1.3% -9.5% 7.9% 9.12% 1
1 Yr 11.5% -12.6% 50.7% 5.43% 1
3 Yr 3.4% * -5.9% 9.3% 10.18% 1
5 Yr 3.8% * -3.2% 12.8% 9.99% 1
10 Yr 5.7% * -2.1% 9.7% 5.76% 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% 54.69% 5
2014 -1.5% -9.3% 14.9% 55.70% 5
2013 -4.6% -24.1% 40.4% 50.35% 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 1.3% -7.3% 7.9% 9.17% 1
1 Yr 7.0% -12.6% 50.7% 14.23% 1
3 Yr 2.0% * -7.0% 9.3% 40.42% 3
5 Yr 3.0% * -4.1% 12.8% 22.04% 2
10 Yr 5.3% * -2.1% 9.7% 10.22% 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: Jan 31, 2017

Concentration Analysis

FSTAX Category Low Category High FSTAX % Rank Quintile
Net Assets 8.43 B 319 K 176 B 2.34% 1
Number of Holdings 602 1 17739 9.46% 2
Net Assets in Top 10 717 M -36 B 36.7 B 5.04% 2
Weighting of Top 10 17.5% 0.0% 1093.9% 23.40% 4

Top 10 Holdings

  1. US Treasury Note 2% 3.12%
  2. US Treasury Note 2.25% 2.46%
  3. US Treasury Note 0.875% 2.01%
  4. US Treasury Bond 3.625% 1.96%
  5. US Treasury Note 1.125% 1.38%
  6. US Treasury Note 2.25% 1.37%
  7. Italy(Rep Of) 1.35% 1.37%
  8. US Treasury Note 2% 1.30%
  9. Japan(Govt Of) 1.9% 1.25%
  10. Japan(Govt Of) 0.1% 1.25%

Asset Allocation

Weighting Category Low Category High FSTAX % Rank Quintile
Bonds
97.07% -175.98% 562.01% 6.97% 2
Cash
2.74% -461.99% 275.92% 19.94% 4
Stocks
0.19% -2.63% 98.43% 4.88% 1
Preferred Stocks
0.00% 0.00% 17.19% 7.73% 5
Other
0.00% -18.77% 99.99% 13.53% 5
Convertible Bonds
0.00% 0.00% 13.10% 5.65% 5

Stock Sector Breakdown

Weighting Category Low Category High FSTAX % Rank Quintile
Energy
0.18% -0.88% 11.33% 3.65% 1
Utilities
0.00% -0.13% 5.57% 6.26% 4
Technology
0.00% -1.56% 17.65% 4.80% 4
Real Estate
0.00% -0.15% 16.34% 5.22% 4
Industrials
0.00% -0.38% 10.13% 4.70% 4
Healthcare
0.00% -0.69% 12.21% 4.18% 4
Financial Services
0.00% -0.51% 20.57% 7.10% 5
Communication Services
0.00% -0.15% 7.25% 3.97% 4
Consumer Defense
0.00% -0.34% 10.09% 4.18% 4
Consumer Cyclical
0.00% -0.36% 11.23% 4.80% 4
Basic Materials
0.00% -0.61% 11.87% 4.49% 4

Stock Geographic Breakdown

Weighting Category Low Category High FSTAX % Rank Quintile
Non US
0.19% -1.06% 96.81% 1.93% 1
US
0.00% -2.63% 89.45% 5.39% 4

Bond Sector Breakdown

Weighting Category Low Category High FSTAX % Rank Quintile
Government
61.58% -389.49% 503.27% 1.42% 1
Corporate
20.26% 0.00% 221.70% 26.09% 5
Securitized
13.05% 0.00% 116.76% 23.35% 5
Cash & Equivalents
2.74% -462.00% 275.92% 20.14% 4
Municipal
0.17% 0.00% 102.05% 12.97% 4
Derivative
0.00% -160.06% 38.63% 2.44% 3

Bond Geographic Breakdown

Weighting Category Low Category High FSTAX % Rank Quintile
Non US
54.74% -221.41% 351.70% 1.42% 1
US
42.33% -370.09% 500.82% 27.21% 5

FSTAX - Expenses

Operational Fees

FSTAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.01% 0.00% 42.51% 9.41% 3
Management Fee 0.56% 0.00% 2.15% 2.03% 5
12b-1 Fee 0.25% 0.00% 1.00% 1.83% 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% 2.07% 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% 1856.00% 11.50% 3

FSTAX - Distributions

Dividend Yield Analysis

FSTAX Category Low Category High FSTAX % Rank Quintile
Dividend Yield 0.4% 0.00% 1.30% 7.85% 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% -1.76% 13.35% 6.01% 1

Capital Gain Distribution Analysis

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

FSTAX - Managers

Joanna Bewick

Lead Manager

Start Date

Apr 18, 2008

Tenure

8.87

Tenure Rank

3.4%

Joanna Bewick is a portfolio manager in the Global Asset Allocation group at Fidelity Investments. In this role, Joanna serves as the lead portfolio manager on the Strategic Family of Funds. Before joining Fidelity in 1997, Joanna was a fixed income analyst at Federated Investors from 1990 to 1997. She has been in the investments industry since 1990. Joanna earned her degree in accounting from Ohio University and her MBA in finance from Katz Graduate School of Business at the University of Pittsburgh. She is also a CFA charterholder.


David Simner

Manager

Start Date

Jul 31, 2007

Tenure

9.59

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

7.17

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

14.84

Tenure Rank

1.5%

Kelly has been a portfolio manager and international fixed-income and foreign exchange analyst with Fidelity Investments since October 1993. He joined the firm in 1991 as an analyst. Previously, he was a summer intern in quantitative research for Goldman Sachs Asset Management in 1990. From 1986 to 1990, he served as an assistant vice president for quantitative strategy for Paribas Asset Management. Prior to that, he spent a year as a consultant for Data Resources.


Ford E. O'Neil

Lead Manager

Start Date

Jun 15, 2012

Tenure

4.71

Tenure Rank

5.6%

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

17.85

Tenure Rank

0.9%

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.


William Irving

Manager

Start Date

Apr 30, 2008

Tenure

8.84

Tenure Rank

3.4%

Since joining Fidelity Investments in 1999, Dr. Irving has worked as a quantitative analyst and portfolio manager.


Tenure Analysis

Category Low

0.0

Category High

28.2

Category Average

6.2

Category Mode

2.2