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FWATX Fidelity Advisor® Multi-Asset Income A

  • Fund
  • FWATX
  • Price as of: May 21, 2019
  • $10.64 + $0.04 + 0.38%
  • Category
  • Uncategorized

FWATX - Profile

Vitals

  • YTD Return 8.5%
  • 3 Yr Annualized Return 2.0%
  • 5 Yr Annualized Return N/A
  • Net Assets $71 M
  • Holdings in Top 10 44.9%

52 WEEK LOW AND HIGH

$10.64
$9.51
$10.84

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.38%

SALES FEES

  • Front Load 4.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 367.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

$500

Investment Themes

CATEGORY

Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return 8.5%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.19%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Fidelity Advisor® Multi-Asset Income Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Sep 09, 2015
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Adam Kramer

Fund Description

The fund normally invests primarily in income producing securities of all types. It allocates the fund's assets among equity and debt securities, including common and preferred stock, investment-grade debt securities, lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds), floating rate securities, and convertible securities.

FWATX - Performance

Return Ranking - Trailing

Period FWATX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.5% -29.1% 245.9% 51.13%
1 Yr 5.0% -100.0% 245.9% 5.38%
3 Yr 2.0%* -100.0% 115.5% 48.13%
5 Yr N/A* -100.0% 58.5% N/A
10 Yr N/A* -11.4% 26.2% N/A

* Annualized


Return Ranking - Calendar

Period FWATX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.8% -100.0% 73.0% 27.96%
2017 2.7% -76.0% 212.6% 69.21%
2016 2.3% -65.0% 900.0% 56.10%
2015 N/A -87.3% 336.8% N/A
2014 N/A -60.1% 304.1% N/A

Total Return Ranking - Trailing

Period FWATX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.5% -29.1% 245.9% 51.53%
1 Yr 5.0% -100.0% 245.9% 11.45%
3 Yr 3.4%* -100.0% 115.5% 52.79%
5 Yr N/A* -100.0% 58.5% N/A
10 Yr N/A* -11.4% 26.2% N/A

* Annualized


Total Return Ranking - Calendar

Period FWATX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.8% -100.0% 76.6% 37.37%
2017 3.4% -30.7% 212.6% 72.06%
2016 5.9% -65.0% 900.0% 39.21%
2015 N/A -87.3% 341.1% N/A
2014 N/A -60.1% 304.1% N/A

NAV & Total Return History

FWATX - Holdings

Concentration Analysis

FWATX Category Low Category High FWATX % Rank
Net Assets 71 M 10 804 B 66.07%
Number of Holdings 152 1 17324 33.73%
Net Assets in Top 10 25.5 M -7.11 B 135 B 63.05%
Weighting of Top 10 44.93% 0.0% 20474.3% 37.40%

Top 10 Holdings

  1. United States Treasury Bonds 3.38% 10.60%

  2. High Yield Investments Directly Held 7.35%

  3. United States Treasury Notes 2.25% 6.91%

  4. United States Treasury Notes 2.38% 6.91%

  5. iShares JP Morgan USD Em Mkts Bd ETF 3.59%

  6. Lineage Logistics Term B 02/25 3.27%

  7. Apple Inc 2.04%

  8. Simon Property Group Inc 1.53%

  9. JPMorgan Chase & Co 1.40%

  10. Microsoft Corp 1.34%


Asset Allocation

Weighting Return Low Return High FWATX % Rank
Stocks
52.41% -101.19% 292.26% 57.15%
Bonds
44.15% -955.59% 2544.23% 33.95%
Convertible Bonds
1.86% -0.37% 144.58% 5.41%
Cash
0.83% -2546.61% 7388.76% 77.81%
Preferred Stocks
0.74% -21.20% 78.81% 8.15%
Other
0.00% -7288.76% 471.60% 76.30%

Stock Sector Breakdown

Weighting Return Low Return High FWATX % Rank
Financial Services
10.26% -4.95% 98.99% 51.99%
Technology
10.21% -10.35% 97.88% 54.51%
Healthcare
5.30% -8.82% 100.00% 60.25%
Consumer Defense
5.28% -5.81% 94.31% 44.93%
Energy
4.90% -8.05% 144.83% 29.47%
Consumer Cyclical
4.58% -20.80% 87.62% 68.47%
Industrials
3.90% -19.53% 92.95% 69.74%
Basic Materials
3.30% -6.34% 97.58% 39.75%
Communication Services
2.06% -5.22% 93.37% 39.69%
Real Estate
1.53% -8.52% 100.00% 58.55%
Utilities
1.09% -2.91% 93.57% 55.55%

Stock Geographic Breakdown

Weighting Return Low Return High FWATX % Rank
US
42.61% -114.04% 289.81% 41.06%
Non US
9.80% -50.64% 159.65% 41.59%

Bond Sector Breakdown

Weighting Return Low Return High FWATX % Rank
Government
29.06% -3298.93% 2544.23% 10.62%
Corporate
10.32% -46.36% 3345.86% 28.89%
Cash & Equivalents
0.78% -2546.61% 7388.76% 78.89%
Derivative
0.06% -381.85% 70.06% 7.54%
Municipal
0.03% 0.00% 167.71% 26.93%
Securitized
0.00% -21.39% 264.51% 73.36%

Bond Geographic Breakdown

Weighting Return Low Return High FWATX % Rank
US
39.54% -955.59% 2544.23% 29.80%
Non US
4.61% -153.97% 373.96% 26.94%

FWATX - Expenses

Operational Fees

FWATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.38% -2.86% 950.64% 41.91%
Management Fee 0.56% 0.00% 2.87% 48.31%
12b-1 Fee 0.25% 0.00% 1.00% 59.03%
Administrative Fee N/A 0.00% 52000.00% N/A

Sales Fees

FWATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.00% 0.00% 25.00% 68.62%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FWATX 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.

FWATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 367.00% 0.00% 5067.00% 97.59%

FWATX - Distributions

Dividend Yield Analysis

FWATX Category Low Category High FWATX % Rank
Dividend Yield 0.02% 0.00% 27.83% 42.61%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FWATX Category Low Category High FWATX % Rank
Net Income Ratio 2.19% -46.00% 10.88% 33.24%

Capital Gain Distribution Analysis

FWATX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

FWATX - Managers

Adam Kramer

Manager

Start Date

Tenure

Tenure Rank

Sep 09, 2015

3.64

3.6%

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.


Ford E. O'Neil

Manager

Start Date

Tenure

Tenure Rank

Sep 09, 2015

3.64

3.6%

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.


Ramona Persaud

Manager

Start Date

Tenure

Tenure Rank

Sep 08, 2017

1.64

1.6%

Ramona Persaud has joined Fidelity Investments since 2003 and has worked as a research analyst and portfolio manager.


Tenure Analysis

Category Low

0.0

Category High

43.59

Category Average

4.74

Category Mode

0.0