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FEPAX Fidelity Advisor® Total Bond A

  • Fund
  • FEPAX
  • Price as of: May 21, 2019
  • $10.58 - $0.00 - 0.00%
  • Category
  • Total Bond Market

FEPAX - Profile

Vitals

  • YTD Return 3.3%
  • 3 Yr Annualized Return 0.0%
  • 5 Yr Annualized Return -0.3%
  • Net Assets $22.3 B
  • Holdings in Top 10 21.3%

52 WEEK LOW AND HIGH

$10.58
$10.17
$10.60

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.75%

SALES FEES

  • Front Load 4.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 109.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

$500

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate Core-Plus Bond

Distributions

  • YTD Total Return 3.3%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return 0.1%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 2.60%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Fidelity® Total Bond Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Jun 16, 2004
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Ford E. O'Neil

Fund Description

The fund normally invests at least 80% of assets in debt securities of all types and repurchase agreements for those securities. The manager uses the Bloomberg Barclays U.S. Universal Bond Index as a guide in allocating assets across the investment-grade, high yield, and emerging market asset classes. It invests up to 20% of assets in lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds).

FEPAX - Performance

Return Ranking - Trailing

Period FEPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -1.4% 8.8% 18.22%
1 Yr 2.4% -16.4% 4.9% 24.01%
3 Yr 0.0%* -4.6% 43.7% 38.85%
5 Yr -0.3%* -5.8% 22.9% 33.99%
10 Yr 0.9%* -7.4% 15.9% 37.69%

* Annualized


Return Ranking - Calendar

Period FEPAX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.8% -22.2% 3.1% 66.24%
2017 1.2% -5.1% 25.1% 43.77%
2016 2.5% -8.5% 192.8% 15.88%
2015 -3.9% -33.0% 3.0% 72.65%
2014 2.3% -29.8% 32.1% 28.52%

Total Return Ranking - Trailing

Period FEPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -1.4% 8.8% 19.95%
1 Yr 2.8% -16.4% 8.0% 23.68%
3 Yr 0.3%* -4.6% 48.8% 40.63%
5 Yr 0.1%* -3.8% 28.1% 33.57%
10 Yr 1.9%* -7.4% 18.7% 31.75%

* Annualized


Total Return Ranking - Calendar

Period FEPAX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.5% -22.2% 7.9% 67.92%
2017 1.5% -4.6% 25.1% 46.54%
2016 2.8% -4.1% 204.3% 24.12%
2015 -3.4% -32.4% 4.2% 75.53%
2014 2.6% -29.8% 32.1% 37.33%

NAV & Total Return History

FEPAX - Holdings

Concentration Analysis

FEPAX Category Low Category High FEPAX % Rank
Net Assets 22.3 B 337 K 218 B 5.70%
Number of Holdings 2559 3 17324 4.57%
Net Assets in Top 10 4.51 B -1.98 B 29.3 B 5.24%
Weighting of Top 10 21.27% 3.4% 1616.9% 63.35%

Top 10 Holdings

  1. United States Treasury Notes 1.75% 2.79%

  2. United States Treasury Bonds 3% 2.75%

  3. United States Treasury Notes 1.88% 2.66%

  4. United States Treasury Notes 1.88% 2.44%

  5. United States Treasury Notes 2.5% 1.96%

  6. Freddie Mac 3.5% 30 Year 1.92%

  7. United States Treasury Notes 2.25% 1.82%

  8. Fannie Mae 3.5% 30 Year 1.67%

  9. Fannie Mae 4% 30 Year 1.65%

  10. Ginnie Mae 3.5% 30 Year 1.60%


Asset Allocation

Weighting Return Low Return High FEPAX % Rank
Bonds
94.59% -342.57% 340.77% 54.54%
Cash
5.45% -246.66% 453.71% 33.80%
Convertible Bonds
0.35% 0.00% 28.21% 49.24%
Stocks
0.04% -0.99% 97.68% 19.55%
Preferred Stocks
0.03% -0.18% 20.25% 27.70%
Other
-0.48% -98.75% 19.81% 97.81%

Stock Sector Breakdown

Weighting Return Low Return High FEPAX % Rank
Energy
0.02% -0.07% 12.15% 30.50%
Financial Services
0.01% -0.20% 19.84% 24.23%
Basic Materials
0.01% -0.07% 7.31% 17.02%
Utilities
0.00% -0.05% 6.86% 33.81%
Technology
0.00% -0.32% 12.59% 27.90%
Real Estate
0.00% -0.03% 11.03% 29.67%
Industrials
0.00% -0.15% 11.90% 33.45%
Healthcare
0.00% -0.21% 10.12% 27.54%
Communication Services
0.00% -0.05% 4.13% 31.32%
Consumer Defense
0.00% -0.21% 11.75% 24.70%
Consumer Cyclical
0.00% -0.17% 9.93% 35.82%

Stock Geographic Breakdown

Weighting Return Low Return High FEPAX % Rank
US
0.03% -7.14% 57.02% 17.10%
Non US
0.01% -0.62% 92.84% 11.86%

Bond Sector Breakdown

Weighting Return Low Return High FEPAX % Rank
Corporate
40.05% 0.00% 128.48% 40.76%
Government
29.25% -203.24% 178.24% 31.54%
Securitized
25.99% 0.00% 102.58% 63.22%
Cash & Equivalents
5.68% -547.52% 455.04% 29.75%
Municipal
0.84% 0.00% 102.07% 24.98%
Derivative
-2.99% -190.53% 299.06% 98.14%

Bond Geographic Breakdown

Weighting Return Low Return High FEPAX % Rank
US
80.64% -337.34% 218.41% 55.86%
Non US
13.95% -108.37% 122.36% 38.10%

FEPAX - Expenses

Operational Fees

FEPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.00% 38.42% 59.77%
Management Fee 0.31% 0.00% 2.15% 27.42%
12b-1 Fee 0.25% 0.00% 1.00% 28.38%
Administrative Fee N/A 0.00% 0.63% N/A

Sales Fees

FEPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.00% 0.50% 5.75% 35.56%
Deferred Load N/A 0.15% 5.50% N/A

Trading Fees

FEPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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.

FEPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 109.00% 0.00% 2337.00% 59.24%

FEPAX - Distributions

Dividend Yield Analysis

FEPAX Category Low Category High FEPAX % Rank
Dividend Yield 0.01% 0.00% 2.87% 96.03%

Dividend Distribution Analysis

FEPAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Semi-Annually Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

FEPAX Category Low Category High FEPAX % Rank
Net Income Ratio 2.60% -2.82% 7.22% 40.03%

Capital Gain Distribution Analysis

FEPAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Annually Annually

FEPAX - Managers

Ford E. O'Neil

Manager

Start Date

Tenure

Tenure Rank

Dec 01, 2004

14.42

14.4%

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.


Jeffrey Moore

Manager

Start Date

Tenure

Tenure Rank

Jun 15, 2012

6.88

6.9%

Jeffrey Moore is a portfolio manager at FMRCo. In this role he manages portfolios across retail and institutional assets, including Fidelity and Fidelity Advisor funds. Mr. Moore was previously a fixed income analyst assigned to several sectors, including sovereign debt, energy, REITs, and Yankee banks. Mr. Moore joined Fidelity in 1995 and has been in the investments industry since 1990. Mr. Moore earned his bachelor of arts degree in economics from the University of Western Ontario and his master’s degree in economics from the University of Waterloo. He is a CFA charterholder.


Michael Foggin

Manager

Start Date

Tenure

Tenure Rank

Oct 30, 2014

4.5

4.5%

Michael Foggin is a portfolio manager at Fidelity Institutional Asset Management (FIAM), an investment organization within Fidelity Investments’ asset management division that is dedicated to serving the needs of consultants and institutional investors, such as defined benefit and defined contribution plans, endowments and financial advisors. In this role, he manages the Global and International Credit Portfolios as part of the Global Fixed Income Team. Prior to joining Fidelity in July 2012, Mr. Foggin was a Fixed Income portfolio manager at Schroders from 2006 to 2012. Previously he worked at Caxton Asset Management Limited from 2004 to 2006. He has been in the investments industry since 2001. Mr. Foggin earned his bachelor of science degree in physics from Manchester University


Celso Munoz

Manager

Start Date

Tenure

Tenure Rank

Oct 30, 2017

1.5

1.5%

Celso Munoz is a portfolio manager at FMRCo. In this role he co-manages multiple bond funds and is a member of the bond division’s Core/Core Plus team. Prior to assuming his current position, Mr. Munoz worked as a research analyst covering the insurance industry and the GSEs. Previously, he worked as an equity research analyst from 2005 to 2012. Mr. Munoz joined Fidelity in 2005 and has been in the investments industry since 1999. Mr. Munoz earned his bachelor of science degree in economics from the University of Pennsylvania and his MBA from Harvard Business School. He is a CFA charterholder.


Michael Weaver

Manager

Start Date

Tenure

Tenure Rank

Apr 02, 2018

1.08

1.1%

Michael Weaver is a portfolio manager at FMR Co. In this role, Mr. Weaver is responsible for co-managing Fidelity Total Bond ETF, multiple institutional high yield portfolios, and co-manages all of Fidelity’s collateralized loan obligation strategies. Previously, Mr. Weaver held various positions in the High Income Group, including portfolio manager covering Select Automotive from 2009 to 2013. Mr. Weaver joined Fidelity in 2005, and has been in the investments industry since 1998. Mr. Weaver earned his BS degree in economics from the Wharton School at the University of Pennsylvania.


Tenure Analysis

Category Low

0.0

Category High

30.35

Category Average

6.92

Category Mode

6.95