Fidelity Strategic Income Fund (FADMX)
The investment seeks a high level of current income; it may also seek capital appreciation. 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.
Fund Info
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Strategic Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Strategic Income Fund had a return of 6.62% year-to-date (YTD) and 11.38% in the last 12 months.
FADMX
6.62%
0.01%
4.57%
11.38%
2.45%
N/A
^GSPC (Benchmark)
24.05%
1.08%
11.50%
30.38%
13.77%
11.13%
Monthly Returns
The table below presents the monthly returns of FADMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.45% | 0.16% | 1.06% | -1.30% | 1.61% | 0.53% | 2.04% | 0.86% | 1.83% | -1.09% | 6.62% | ||
2023 | 3.74% | -1.73% | 1.52% | 0.36% | -0.56% | 0.88% | 0.99% | -0.37% | -2.17% | -0.84% | 4.31% | 3.25% | 9.54% |
2022 | -1.92% | -1.59% | -1.33% | -3.66% | 0.16% | -4.08% | 3.45% | -1.53% | -4.27% | 0.70% | 3.41% | -1.11% | -11.47% |
2021 | -0.09% | 0.11% | -0.24% | 1.18% | 0.38% | 1.07% | 0.68% | 0.52% | -0.64% | 0.29% | -0.49% | -0.79% | 1.96% |
2020 | 0.86% | -1.01% | -8.42% | 3.58% | 3.39% | 1.04% | 3.01% | 0.84% | -0.52% | -0.35% | 3.81% | 0.47% | 6.23% |
2019 | 3.39% | 0.86% | 0.90% | 0.84% | -0.10% | 2.02% | 0.46% | 0.38% | -0.03% | 0.37% | 0.20% | 0.42% | 10.09% |
2018 | -1.13% | -0.05% | -0.22% | 0.62% | 0.04% | 0.20% | -1.68% | -0.29% | -0.64% | -3.12% |
Expense Ratio
FADMX features an expense ratio of 0.66%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FADMX is 83, placing it in the top 17% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Strategic Income Fund (FADMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Strategic Income Fund provided a 4.33% dividend yield over the last twelve months, with an annual payout of $0.51 per share. The fund has been increasing its distributions for 2 consecutive years.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
---|---|---|---|---|---|---|---|
Dividend | $0.51 | $0.49 | $0.40 | $0.35 | $0.43 | $0.43 | $0.31 |
Dividend yield | 4.33% | 4.32% | 3.67% | 2.75% | 3.33% | 3.46% | 2.61% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Strategic Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.40 | |
2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.07 | $0.49 |
2022 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.07 | $0.40 |
2021 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.35 |
2020 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.15 | $0.43 |
2019 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.10 | $0.43 |
2018 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.06 | $0.31 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Strategic Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Strategic Income Fund was 16.68%, occurring on Oct 21, 2022. Recovery took 462 trading sessions.
The current Fidelity Strategic Income Fund drawdown is 0.92%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-16.68% | Nov 10, 2021 | 241 | Oct 21, 2022 | 462 | Aug 16, 2024 | 703 |
-15.84% | Feb 24, 2020 | 21 | Mar 23, 2020 | 90 | Jul 30, 2020 | 111 |
-3.98% | Apr 18, 2018 | 174 | Dec 24, 2018 | 25 | Jan 31, 2019 | 199 |
-1.91% | Feb 12, 2021 | 24 | Mar 18, 2021 | 34 | May 6, 2021 | 58 |
-1.81% | Sep 3, 2020 | 15 | Sep 24, 2020 | 30 | Nov 5, 2020 | 45 |
Volatility
Volatility Chart
The current Fidelity Strategic Income Fund volatility is 0.89%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.