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Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Advisor High Income Advantage Fund

FIQTX | Fund

$11.16

$2.12 B

4.64%

$0.51

0.88%

Vitals

YTD Return

11.2%

1 yr return

15.7%

3 Yr Avg Return

4.3%

5 Yr Avg Return

7.2%

Net Assets

$2.12 B

Holdings in Top 10

22.2%

52 WEEK LOW AND HIGH

$11.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.88%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 27.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Advisor High Income Advantage Fund

FIQTX | Fund

$11.16

$2.12 B

4.64%

$0.51

0.88%

FIQTX - Profile

Distributions

  • YTD Total Return 11.2%
  • 3 Yr Annualized Total Return 4.3%
  • 5 Yr Annualized Total Return 7.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.42%
DIVIDENDS
  • Dividend Yield 4.6%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Fidelity Advisor High Income Advantage Fund
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Oct 02, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Z
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Brian Chang

Fund Description

Normally investing primarily in income-producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds).Potentially investing in non-income producing securities, including defaulted securities and common stocks.Investing up to 20% of total assets in common stocks.Investing in companies in troubled or uncertain financial condition.Investing in domestic and foreign issuers.Using fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.
Read More

FIQTX - Performance

Return Ranking - Trailing

Period FIQTX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.2% -7.0% 15.5% 1.95%
1 Yr 15.7% -1.8% 17.8% 1.63%
3 Yr 4.3%* -14.3% 21.4% 10.32%
5 Yr 7.2%* -11.1% 37.3% 2.65%
10 Yr N/A* -4.9% 20.1% 1.30%

* Annualized

Return Ranking - Calendar

Period FIQTX Return Category Return Low Category Return High Rank in Category (%)
2023 6.9% -4.7% 14.3% 9.48%
2022 -17.2% -33.4% 3.6% 77.39%
2021 5.7% -8.4% 8.2% 1.88%
2020 4.6% -13.2% 302.7% 5.11%
2019 12.5% -4.4% 13.3% 0.73%

Total Return Ranking - Trailing

Period FIQTX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.2% -7.0% 15.5% 1.95%
1 Yr 15.7% -1.8% 17.8% 1.63%
3 Yr 4.3%* -14.3% 21.4% 10.32%
5 Yr 7.2%* -11.1% 37.3% 2.65%
10 Yr N/A* -4.9% 20.1% 1.29%

* Annualized

Total Return Ranking - Calendar

Period FIQTX Return Category Return Low Category Return High Rank in Category (%)
2023 12.8% -4.7% 18.7% 32.84%
2022 -10.3% -33.4% 47.8% 43.73%
2021 12.0% -8.4% 12.4% 0.51%
2020 9.4% -9.6% 325.6% 5.47%
2019 18.4% -3.8% 19.4% 0.54%

NAV & Total Return History

FIQTX - Holdings

Concentration Analysis

FIQTX Category Low Category High FIQTX % Rank
Net Assets 2.12 B 3.13 M 23.6 B 25.57%
Number of Holdings 717 2 3879 19.48%
Net Assets in Top 10 517 M -492 M 5.25 B 16.53%
Weighting of Top 10 22.16% 4.2% 146.0% 17.68%

Top 10 Holdings

  1. Fidelity Cash Central Fund 13.04%
  2. Fidelity Private Credit Company LLC 2.12%
  3. NVIDIA CORP 1.15%
  4. JPMORGAN CHASE and CO 5/VAR PERP 1.06%
  5. US LBM TERM B 1LN 06/06/2031 1.01%
  6. META PLATFORMS INC CL A 0.85%
  7. ALLY FINL INC 8% 11/01/2031 0.78%
  8. ENERGY TRANSFER LP 7.125/VAR PERP 0.73%
  9. PROOFPOINT TERM B 1LN 08/31/2028 0.72%
  10. EG GLOBAL FINANCE PLC 12% 11/30/2028 144A 0.71%

Asset Allocation

Weighting Return Low Return High FIQTX % Rank
Bonds 		59.79% 0.00% 145.36% 95.44%
Stocks 		21.68% 0.00% 99.64% 2.93%
Cash 		13.56% -52.00% 48.02% 7.04%
Preferred Stocks 		4.97% 0.00% 4.97% 0.65%
Convertible Bonds 		0.56% 0.00% 17.89% 72.50%
Other 		0.00% -39.08% 99.96% 57.45%

Stock Sector Breakdown

Weighting Return Low Return High FIQTX % Rank
Technology 		21.53% 0.00% 33.17% 5.01%
Consumer Cyclical 		20.32% 0.00% 100.00% 14.16%
Energy 		15.48% 0.00% 100.00% 55.16%
Consumer Defense 		10.32% 0.00% 100.00% 11.50%
Communication Services 		10.23% 0.00% 99.99% 33.33%
Basic Materials 		7.35% 0.00% 100.00% 20.35%
Healthcare 		5.37% 0.00% 22.17% 6.78%
Industrials 		4.03% 0.00% 93.12% 17.40%
Utilities 		3.52% 0.00% 100.00% 15.34%
Financial Services 		1.84% 0.00% 100.00% 25.37%
Real Estate 		0.00% 0.00% 86.71% 26.84%

Stock Geographic Breakdown

Weighting Return Low Return High FIQTX % Rank
US 		21.31% 0.00% 99.64% 2.95%
Non US 		0.37% -0.01% 0.83% 1.64%

Bond Sector Breakdown

Weighting Return Low Return High FIQTX % Rank
Corporate 		88.13% 0.00% 100.00% 84.59%
Cash & Equivalents 		13.04% 0.00% 48.02% 6.87%
Derivative 		0.00% -14.19% 42.26% 48.12%
Securitized 		0.00% 0.00% 97.24% 52.13%
Municipal 		0.00% 0.00% 1.17% 15.74%
Government 		0.00% 0.00% 99.07% 40.66%

Bond Geographic Breakdown

Weighting Return Low Return High FIQTX % Rank
US 		59.79% 0.00% 126.57% 93.45%
Non US 		0.00% 0.00% 96.91% 50.41%

FIQTX - Expenses

Operational Fees

FIQTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.88% 0.02% 38.33% 57.19%
Management Fee 0.61% 0.00% 1.75% 69.98%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

FIQTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FIQTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

FIQTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 1.00% 255.00% 5.37%

FIQTX - Distributions

Dividend Yield Analysis

FIQTX Category Low Category High FIQTX % Rank
Dividend Yield 4.64% 0.00% 11.76% 79.67%

Dividend Distribution Analysis

FIQTX Category Low Category High Category Mod
Dividend Distribution Frequency None SemiAnnual Monthly Monthly

Net Income Ratio Analysis

FIQTX Category Low Category High FIQTX % Rank
Net Income Ratio 3.42% -2.39% 9.30% 86.67%

Capital Gain Distribution Analysis

FIQTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

FIQTX - Fund Manager Analysis

Managers

Brian Chang

Start Date

Tenure

Tenure Rank

Oct 01, 2019

2.67

2.7%

Brian Chang is a portfolio manager in the High Income division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing,and other financial products and services to institutions, financial intermediaries, and individuals. In this role, Mr. Chang co-manages multiple High Yield Fidelity Funds, portfolio sleeves and institutional accounts.

Mark Notkin

Start Date

Tenure

Tenure Rank

Oct 01, 2019

2.67

2.7%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.32 8.17

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