FSTAX: Fidelity Advisor® Strategic Income A

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FSTAX Fidelity Advisor® Strategic Income A

  • Fund
  • FSTAX
  • Price as of: Jan 17, 2020
  • $12.38
    - $0.00 - 0.00%

Profile

FSTAX - Profile

Vitals

  • YTD Return 0.7%
  • 3 Yr Annualized Return 1.1%
  • 5 Yr Annualized Return 0.8%
  • Net Assets $17 B
  • Holdings in Top 10 11.2%

52 WEEK LOW AND HIGH

$12.38
$11.80
$12.47

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.98%

SALES FEES

  • Front Load 4.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 113.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA $500

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 3.52%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

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

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.


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Categories

Fund Company Quick Screens

FSTAX - Fund Company Quick Screens


Performance

FSTAX - Performance

Return Ranking - Trailing

Period FSTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -2.4% 4.6% 27.59%
1 Yr 4.8% -36.6% 178.5% 59.77%
3 Yr 1.1%* -34.6% 40.7% 37.29%
5 Yr 0.8%* -34.3% 21.5% 26.19%
10 Yr 0.1%* -3.6% 8.7% 74.63%

* Annualized

Return Ranking - Calendar

Period FSTAX Return Category Return Low Category Return High Rank in Category (%)
2019 6.3% -35.1% 177.6% 39.19%
2018 -6.2% -48.0% 0.8% 53.42%
2017 3.6% -14.8% 11.2% 23.23%
2016 5.0% -11.2% 19.1% 23.32%
2015 -5.0% -51.1% 4.0% 35.10%

Total Return Ranking - Trailing

Period FSTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -2.4% 4.6% 27.59%
1 Yr 4.8% -36.6% 178.5% 58.92%
3 Yr 1.5%* -34.6% 40.7% 49.50%
5 Yr 1.0%* -34.3% 22.2% 42.06%
10 Yr 0.6%* -3.6% 8.7% 59.70%

* Annualized

Total Return Ranking - Calendar

Period FSTAX Return Category Return Low Category Return High Rank in Category (%)
2019 6.3% -35.1% 177.6% 45.82%
2018 -5.9% -48.0% 4.8% 60.87%
2017 4.5% -14.8% 14.0% 38.05%
2016 5.0% -11.2% 22.5% 39.93%
2015 -5.0% -51.1% 4.0% 45.31%

NAV & Total Return History


Holdings

FSTAX - Holdings

Concentration Analysis

FSTAX Category Low Category High FSTAX % Rank
Net Assets 17 B 100 K 134 B 2.22%
Number of Holdings 1697 6 7570 5.28%
Net Assets in Top 10 1.88 B -42.1 B 5.96 B 4.72%
Weighting of Top 10 11.21% 4.5% 410.5% 77.50%

Top 10 Holdings

  1. Germany (Federal Republic Of) 0% 1.47%
  2. United States Treasury Notes 2.5% 1.47%
  3. United States Treasury Bonds 2.5% 1.39%
  4. United States Treasury Bonds 3% 1.32%
  5. Ally Financial Inc. 8% 1.28%
  6. Japan (Government Of) 0.9% 0.98%
  7. United States Treasury Notes 2.5% 0.90%
  8. Japan (Government Of) 0.1% 0.88%
  9. Ginnie Mae 3% 30 Year 0.80%
  10. United States Treasury Notes 2.12% 0.72%

Asset Allocation

Weighting Return Low Return High FSTAX % Rank
Bonds
84.63% 31.46% 157.00% 78.45%
Cash
9.21% -76.54% 45.73% 25.56%
Stocks
5.05% -1.77% 22.96% 10.50%
Preferred Stocks
0.82% 0.00% 54.19% 31.67%
Convertible Bonds
0.24% 0.00% 11.31% 70.00%
Other
0.04% -32.79% 26.24% 28.06%

Stock Sector Breakdown

Weighting Return Low Return High FSTAX % Rank
Technology
27.51% 0.00% 48.41% 3.04%
Industrials
17.92% 0.00% 100.00% 7.22%
Financial Services
13.63% 0.00% 100.00% 33.84%
Consumer Cyclical
10.55% 0.00% 100.00% 30.80%
Healthcare
8.39% 0.00% 80.24% 23.19%
Communication Services
7.63% 0.00% 100.00% 16.73%
Utilities
5.92% 0.00% 100.00% 24.71%
Consumer Defense
3.76% 0.00% 23.83% 12.93%
Basic Materials
2.07% 0.00% 100.00% 20.91%
Real Estate
1.73% 0.00% 100.00% 20.91%
Energy
0.91% 0.00% 100.00% 50.95%

Stock Geographic Breakdown

Weighting Return Low Return High FSTAX % Rank
US
4.49% -1.09% 22.23% 10.56%
Non US
0.56% -1.88% 4.62% 6.94%

Bond Sector Breakdown

Weighting Return Low Return High FSTAX % Rank
Corporate
49.13% 0.00% 96.88% 44.44%
Government
36.14% 0.00% 99.36% 10.56%
Cash & Equivalents
9.46% 0.28% 47.61% 32.50%
Securitized
5.09% 0.00% 98.45% 80.56%
Derivative
0.18% -1.18% 44.06% 35.83%
Municipal
0.00% 0.00% 36.84% 44.72%

Bond Geographic Breakdown

Weighting Return Low Return High FSTAX % Rank
US
54.90% 13.75% 140.38% 76.11%
Non US
29.73% -8.93% 74.05% 28.61%

Expenses

FSTAX - Expenses

Operational Fees

FSTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.98% 0.00% 76.93% 65.61%
Management Fee 0.55% 0.00% 2.25% 29.02%
12b-1 Fee 0.25% 0.00% 1.00% 18.36%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

FSTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.00% 1.00% 5.75% 50.00%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FSTAX 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.

FSTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 113.00% 2.00% 899.00% 72.97%

Distributions

FSTAX - Distributions

Dividend Yield Analysis

FSTAX Category Low Category High FSTAX % Rank
Dividend Yield 0.56% 0.00% 6.35% 75.20%

Dividend Distribution Analysis

FSTAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

FSTAX Category Low Category High FSTAX % Rank
Net Income Ratio 3.52% 0.87% 10.10% 67.34%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FSTAX - Fund Manager Analysis

Managers

Mark Notkin


Start Date

Tenure

Tenure Rank

Apr 30, 1999

20.68

20.7%

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.

Jonathan Kelly


Start Date

Tenure

Tenure Rank

Apr 30, 2002

17.68

17.7%

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.

Franco Castagliuolo


Start Date

Tenure

Tenure Rank

Dec 31, 2009

10.01

10.0%

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

Ford O'Neil


Start Date

Tenure

Tenure Rank

Jun 15, 2012

7.55

7.6%

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.

Adam Kramer


Start Date

Tenure

Tenure Rank

Jul 31, 2017

2.42

2.4%

Adam Kramer is lead portfolio manager of the fund, which he has managed since September 2015. He also manages other funds. Since joining Fidelity Investments in 2000, Mr. Kramer has worked as a research analyst, portfolio assistant, and portfolio manager.

Sean Corcoran


Start Date

Tenure

Tenure Rank

Dec 08, 2017

2.06

2.1%

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

Timothy Gill


Start Date

Tenure

Tenure Rank

Dec 31, 2018

1.0

1.0%

Timothy Gill is co-manager of the fund, which he has managed since January 2017. Since joining Fidelity Investments in 2000, Mr. Gill has worked as an assistant portfolio manager and portfolio manager.

Ario Nejad


Start Date

Tenure

Tenure Rank

Mar 31, 2019

0.75

0.8%

Rosie McMellin


Start Date

Tenure

Tenure Rank

Mar 31, 2019

0.75

0.8%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.65 5.5 5.0