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FSTAX Fidelity Advisor® Strategic Income A

  • Fund
  • FSTAX
  • Price as of: Sep 17, 2019
  • $12.33 + $0.01 + 0.08%

FSTAX - Profile

Vitals

  • YTD Return 6.7%
  • 3 Yr Annualized Return 0.8%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $17 B
  • Holdings in Top 10 11.8%

52 WEEK LOW AND HIGH

$12.33
$11.52
$12.38

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 CATEGORY

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

Distributions

  • YTD Total Return 6.7%
  • 3 Yr Annualized Total Return 1.2%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 3.52%
DIVIDENDS
  • Dividend Yield 1.3%
  • 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 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.

FSTAX - Performance

Return Ranking - Trailing

Period FSTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -24.2% 10.3% 23.34%
1 Yr 2.8% -31.0% 7.7% 29.03%
3 Yr 0.8%* -31.9% 5.0% 23.33%
5 Yr 0.0%* -32.0% 1.5% 10.65%
10 Yr 0.3%* -3.6% 2.2% 75.44%

* Annualized


Return Ranking - Calendar

Period FSTAX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.2% -48.0% 0.8% 57.63%
2017 3.6% -14.8% 8.5% 21.11%
2016 5.0% -11.2% 19.1% 23.66%
2015 -5.0% -51.1% -0.7% 38.33%
2014 -1.5% -29.8% 5.0% 59.89%

Total Return Ranking - Trailing

Period FSTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -24.2% 10.3% 29.34%
1 Yr 3.1% -31.0% 9.6% 42.58%
3 Yr 1.2%* -31.9% 9.5% 42.59%
5 Yr 0.6%* -32.0% 5.1% 29.17%
10 Yr 0.8%* -3.6% 6.7% 49.12%

* Annualized


Total Return Ranking - Calendar

Period FSTAX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.9% -48.0% 4.8% 64.75%
2017 4.5% -14.8% 14.0% 37.78%
2016 5.0% -11.2% 22.5% 41.22%
2015 -5.0% -51.1% 3.8% 48.90%
2014 0.1% -29.8% 11.7% 52.41%

NAV & Total Return History

FSTAX - Holdings

Concentration Analysis

FSTAX Category Low Category High FSTAX % Rank
Net Assets 17 B 4.22 M 129 B 3.46%
Number of Holdings 1685 6 7646 6.96%
Net Assets in Top 10 1.72 B -44.5 B 5.92 B 6.65%
Weighting of Top 10 11.83% 5.7% 304.3% 76.58%

Top 10 Holdings

  1. Japan (Government Of) 0.9% 1.66%

  2. United States Treasury Notes 2.5% 1.48%

  3. United States Treasury Bonds 2.5% 1.29%

  4. Germany (Federal Republic Of) 0% 1.24%

  5. Ally Financial Inc. 8% 1.23%

  6. United States Treasury Bonds 3% 1.22%

  7. Ginnie Mae 4% 30 Year 1.18%

  8. United States Treasury Notes 2.5% 0.91%

  9. France (Republic Of) 0% 0.85%

  10. Fannie Mae 3.5% 30 Year 0.78%


Asset Allocation

Weighting Return Low Return High FSTAX % Rank
Bonds
85.17% 27.55% 376.67% 75.95%
Cash
8.25% -279.20% 66.01% 33.23%
Stocks
5.20% -0.73% 21.97% 12.03%
Preferred Stocks
0.82% 0.00% 66.62% 31.65%
Convertible Bonds
0.55% 0.00% 13.17% 63.29%
Other
0.01% -13.38% 14.56% 39.24%

Stock Sector Breakdown

Weighting Return Low Return High FSTAX % Rank
Technology
1.18% -0.32% 4.99% 9.35%
Industrials
1.01% -0.14% 6.08% 9.71%
Consumer Cyclical
0.82% -0.17% 4.97% 14.75%
Financial Services
0.68% -0.01% 7.13% 17.27%
Healthcare
0.39% -0.19% 5.08% 13.67%
Communication Services
0.34% -0.05% 3.74% 10.43%
Utilities
0.21% -0.04% 5.98% 12.59%
Consumer Defense
0.15% -0.10% 4.40% 12.23%
Basic Materials
0.11% 0.00% 3.33% 17.27%
Real Estate
0.08% -0.04% 4.73% 16.91%
Energy
0.08% 0.00% 5.81% 22.30%

Stock Geographic Breakdown

Weighting Return Low Return High FSTAX % Rank
US
4.52% -0.75% 21.01% 12.03%
Non US
0.68% -0.12% 5.79% 6.65%

Bond Sector Breakdown

Weighting Return Low Return High FSTAX % Rank
Corporate
48.91% 0.00% 93.63% 54.75%
Government
34.56% -38.39% 251.36% 12.03%
Cash & Equivalents
8.25% -279.14% 66.01% 33.23%
Securitized
4.24% 0.00% 101.14% 79.11%
Municipal
0.00% 0.00% 38.07% 61.71%
Derivative
-1.17% -4.72% 47.28% 97.15%

Bond Geographic Breakdown

Weighting Return Low Return High FSTAX % Rank
US
53.98% 12.18% 319.45% 72.47%
Non US
31.19% -44.58% 75.62% 27.22%

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% 61.61%
Management Fee 0.55% 0.00% 2.25% 41.52%
12b-1 Fee 0.25% 0.00% 1.00% 35.58%
Administrative Fee N/A 0.00% 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% 60.61%
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 0.00% 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.

FSTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 113.00% 2.00% 801.50% 70.06%

FSTAX - Distributions

Dividend Yield Analysis

FSTAX Category Low Category High FSTAX % Rank
Dividend Yield 1.29% 0.00% 8.45% 86.06%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FSTAX Category Low Category High FSTAX % Rank
Net Income Ratio 3.52% 0.87% 10.10% 61.61%

Capital Gain Distribution Analysis

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

FSTAX - Managers

Mark Notkin

Manager

Start Date

Tenure

Tenure Rank

Apr 30, 1999

20.35

20.4%

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

Manager

Start Date

Tenure

Tenure Rank

Apr 30, 2002

17.35

17.4%

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

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2009

9.67

9.7%

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


Ford E. O'Neil

Manager

Start Date

Tenure

Tenure Rank

Jun 15, 2012

7.21

7.2%

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

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2017

2.08

2.1%

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

Manager

Start Date

Tenure

Tenure Rank

Dec 08, 2017

1.73

1.7%

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


Timothy Gill

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2018

0.67

0.7%

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 Emami Nejad

Manager

Start Date

Tenure

Tenure Rank

Mar 31, 2019

0.42

0.4%


Rose McMellin

Manager

Start Date

Tenure

Tenure Rank

Mar 31, 2019

0.42

0.4%


Tenure Analysis

Category Low

0.0

Category High

28.31

Category Average

4.91

Category Mode

0.65