FSTAX: Fidelity Advisor® Strategic Income A

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Deepen your understanding of Responsible Investing and learn how it can potentially help you build a more successful practice.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

FSTAX Fidelity Advisor® Strategic Income A


Profile

FSTAX - Profile

Vitals

  • YTD Return 0.6%
  • 3 Yr Annualized Return -0.2%
  • 5 Yr Annualized Return 1.3%
  • Net Assets $15.1 B
  • Holdings in Top 10 26.0%

52 WEEK LOW AND HIGH

$12.36
$10.47
$12.50

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.98%

SALES FEES

  • Front Load 4.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 138.00%

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 0.6%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 3.38%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity® 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.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


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 0.6% -55.0% 9.1% 32.39%
1 Yr 0.0% -55.3% 10.9% 35.80%
3 Yr -0.2%* -40.3% 4.9% 42.66%
5 Yr 1.3%* -35.0% 21.0% 16.33%
10 Yr -0.3%* -3.6% 1.2% 62.61%

* Annualized

Return Ranking - Calendar

Period FSTAX Return Category Return Low Category Return High Rank in Category (%)
2019 6.3% -35.1% 11.0% 39.94%
2018 -6.2% -48.0% 0.8% 57.38%
2017 3.6% -14.8% 8.5% 22.46%
2016 5.0% -11.2% 19.1% 24.34%
2015 -5.0% -51.1% 4.0% 39.47%

Total Return Ranking - Trailing

Period FSTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -55.0% 9.1% 32.39%
1 Yr 0.0% -55.3% 6.4% 35.80%
3 Yr 0.1%* -40.3% 3.7% 40.61%
5 Yr 1.5%* -35.0% 21.0% 36.25%
10 Yr 0.2%* -3.6% 5.0% 51.30%

* Annualized

Total Return Ranking - Calendar

Period FSTAX Return Category Return Low Category Return High Rank in Category (%)
2019 6.3% -35.1% 12.0% 46.44%
2018 -5.9% -48.0% 4.5% 64.43%
2017 4.5% -14.8% 14.0% 38.77%
2016 5.0% -11.2% 22.5% 42.70%
2015 -5.0% -51.1% 4.0% 50.88%

NAV & Total Return History


Holdings

FSTAX - Holdings

Concentration Analysis

FSTAX Category Low Category High FSTAX % Rank
Net Assets 15.1 B 5 M 126 B 5.54%
Number of Holdings 1258 5 7722 15.80%
Net Assets in Top 10 3.73 B -418 M 29.7 B 2.59%
Weighting of Top 10 25.99% 4.8% 214.0% 46.97%

Top 10 Holdings

  1. Fidelity Cent Invt Portfolios 10.01%
  2. Fidelity Revere Str Tr 5.14%
  3. Germany (Federal Republic Of) 0.25% 2.26%
  4. United States Treasury Bonds 2.5% 1.85%
  5. United States Treasury Bonds 3% 1.40%
  6. Ally Financial Inc. 8% 1.40%
  7. 10 Year Treasury Note Future Sept 20 1.23%
  8. United States Treasury Notes 2.5% 0.99%
  9. United States Treasury Notes 2.12% 0.89%
  10. United States Treasury Notes 0.5% 0.82%

Asset Allocation

Weighting Return Low Return High FSTAX % Rank
Bonds
77.00% 14.17% 155.51% 88.00%
Other
18.26% -8.59% 18.26% 0.29%
Stocks
5.92% -0.27% 13.09% 11.43%
Preferred Stocks
1.00% 0.00% 39.23% 21.84%
Convertible Bonds
0.14% 0.00% 25.18% 81.32%
Cash
-2.32% -71.09% 75.97% 87.93%

Stock Sector Breakdown

Weighting Return Low Return High FSTAX % Rank
Technology
29.78% 0.00% 29.78% 0.43%
Healthcare
13.98% 0.00% 100.00% 26.81%
Communication Services
12.12% 0.00% 100.00% 22.13%
Industrials
11.45% 0.00% 100.00% 11.06%
Consumer Cyclical
11.37% 0.00% 100.00% 24.68%
Financial Services
10.63% 0.00% 100.00% 26.81%
Utilities
4.48% 0.00% 100.00% 26.81%
Consumer Defense
3.62% 0.00% 23.37% 14.47%
Basic Materials
2.14% 0.00% 29.64% 19.15%
Energy
0.43% 0.00% 100.00% 47.66%
Real Estate
0.00% 0.00% 100.00% 44.26%

Stock Geographic Breakdown

Weighting Return Low Return High FSTAX % Rank
US
5.56% -0.33% 12.79% 11.49%
Non US
0.36% 0.00% 2.14% 10.06%

Bond Sector Breakdown

Weighting Return Low Return High FSTAX % Rank
Corporate
50.80% 0.00% 94.51% 48.56%
Government
37.56% 0.00% 99.16% 8.33%
Cash & Equivalents
7.81% 0.02% 84.27% 31.61%
Securitized
3.78% 0.00% 99.22% 85.92%
Derivative
0.06% -0.44% 47.67% 44.83%
Municipal
0.00% 0.00% 36.37% 52.30%

Bond Geographic Breakdown

Weighting Return Low Return High FSTAX % Rank
US
52.06% 13.35% 135.69% 81.61%
Non US
24.94% -16.32% 68.65% 36.21%

Expenses

FSTAX - Expenses

Operational Fees

FSTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.98% 0.06% 24.26% 62.17%
Management Fee 0.55% 0.00% 2.25% 38.12%
12b-1 Fee 0.25% 0.00% 1.00% 25.00%
Administrative Fee N/A 0.04% 0.70% 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% 52.05%
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 138.00% 0.00% 421.00% 82.34%

Distributions

FSTAX - Distributions

Dividend Yield Analysis

FSTAX Category Low Category High FSTAX % Rank
Dividend Yield 0.00% 0.00% 5.81% 24.86%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FSTAX Category Low Category High FSTAX % Rank
Net Income Ratio 3.38% 0.96% 18.14% 62.10%

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

21.35

21.4%

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


Start Date

Tenure

Tenure Rank

Apr 30, 2002

18.35

18.4%

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


Start Date

Tenure

Tenure Rank

Dec 31, 2009

10.67

10.7%

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

8.22

8.2%

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


Start Date

Tenure

Tenure Rank

Jul 31, 2017

3.09

3.1%

Adam Kramer is a portfolio manager in the Fixed 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, he manages several multi-asset income funds, opportunistic high-yield bond strategies for institutional investors as well as a high income fund available exclusively to Canadian investors.

Sean Corcoran


Start Date

Tenure

Tenure Rank

Dec 08, 2017

2.73

2.7%

Since joined Fidelity Investments in 2001 and has worked as a research analyst and portfolio manager.

Timothy Gill


Start Date

Tenure

Tenure Rank

Dec 31, 2018

1.67

1.7%

Timothy Gill is a portfolio manager in the High Income and Alternatives 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. Gill co-manages Fidelity and Fidelity Advisor Global High Income Funds, Fidelity and Fidelity Advisor Total Emerging Markets Funds, Fidelity and Fidelity Advisor New Markets Income Funds, Fidelity and Fidelity Advisor Strategic Income Funds, Fidelity VIP Strategic Income Portfolio, Fidelity Series Emerging Markets Debt Fund, Fidelity Emerging Markets Debt Central Fund, and various institutional portfolios for U.S. and non-U.S. investors. Prior to assuming his current portfolio management responsibilities, Mr. Gill was an assistant portfolio manager and research analyst on the emerging markets debt team, where he covered a variety of sovereign credits. Additionally, he was also a trader within the High Income division covering emerging market sovereign debt. He has been in the financial industry since joining Fidelity in 2000 in the foreign trade operations group. Mr. Gill earned his bachelor of science degree in business administration from the University of Vermont. He is also a CFA charterholder and a member of CFA Society Boston.

Ario Nejad


Start Date

Tenure

Tenure Rank

Mar 31, 2019

1.42

1.4%

Brian Chang


Start Date

Tenure

Tenure Rank

Oct 31, 2019

0.84

0.8%

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.

Rick Patel


Start Date

Tenure

Tenure Rank

Apr 30, 2020

0.34

0.3%

Rick Patel is a fixed income portfolio manager in Fidelity’s London office. He specialises in global and regional fixed income products, and was a quantitative analyst and key member within the fixed income team for five years prior to moving into an associated portfolio manager role in 2005. After two years, he was promoted to portfolio manager at FIA(UK).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 29.32 5.6 5.67