- ISIN
- US3158074613
- CUSIP
- 315807461
- Issuer
- Fidelity
- Inception Date
- Oct 31, 1994
- Category
- Total Bond Market
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
FADMX Performance Chart
Fidelity Strategic Income Fund (FADMX) is up 3.3% since the beginning of the year. FADMX is currently trading at $12 per share. Investors who bought $1,000 worth of FADMX shares 5 years ago would now be looking at an investment worth $1,175.
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Returns By Period
Fidelity Strategic Income Fund (FADMX) has returned 3.29% so far this year and 9.73% over the past 12 months.
Fidelity Strategic Income Fund
- 1D
- 0.16%
- 1M
- 0.43%
- YTD
- 3.29%
- 6M
- 3.71%
- 1Y
- 9.73%
- 3Y*
- 8.24%
- 5Y*
- 3.28%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FADMX Monthly Returns History
Based on dividend-adjusted daily data since Apr 30, 2018, FADMX's average daily return is +0.02%, while the average monthly return is +0.35%. At this rate, an investment would double in approximately 16.5 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2023 with a return of +4.3%, while the worst month was Mar 2020 at -8.4%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FADMX closed higher 46% of trading days. The best single day was Mar 26, 2020 with a return of +2.3%, while the worst single day was Mar 18, 2020 at -3.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.66% | 1.11% | -1.72% | 2.24% | 0.84% | 0.16% | 3.29% | ||||||
| 2025 | 1.11% | 0.81% | -1.11% | 0.41% | 1.04% | 2.04% | 0.67% | 1.01% | 1.33% | 0.98% | 0.07% | 0.32% | 9.01% |
| 2024 | 0.10% | 0.16% | 1.43% | -1.66% | 1.61% | 0.89% | 1.67% | 1.19% | 1.49% | -1.09% | 1.62% | -1.47% | 6.02% |
| 2023 | 3.39% | -1.73% | 1.52% | 0.70% | -0.90% | 0.88% | 0.99% | -0.37% | -1.82% | -1.19% | 4.31% | 3.62% | 9.55% |
| 2022 | -1.92% | -1.47% | -1.33% | -3.43% | -0.09% | -4.34% | 3.45% | -1.81% | -4.57% | 0.70% | 3.41% | -0.77% | -11.84% |
| 2021 | -0.31% | 0.21% | -0.24% | 1.18% | 0.38% | 1.07% | 0.68% | 0.52% | -0.64% | 0.29% | -0.49% | 0.80% | 3.46% |
Benchmark Metrics
Fidelity Strategic Income Fund has an annualized alpha of 4.29%, beta of 0.22, and R2 of 0.55 versus S&P 500 Index. Calculated based on daily prices since May 01, 2018.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (28.91%) than losses (5.66%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 4.29% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.22 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 4.29%
- Beta
- 0.22
- R²
- 0.55
- Upside Capture
- 28.91%
- Downside Capture
- 5.66%
Expense Ratio
FADMX has an expense ratio of 0.66%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FADMX ranks 86 for risk / return — in the top 86% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Strategic Income Fund (FADMX) and compare them to S&P 500 Index.
| FADMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.58 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | — | — |
| Martin ratioReturn relative to average drawdown | 16.21 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Fidelity Strategic Income Fund provided a 4.28% dividend yield over the last twelve months, with an annual payout of $0.53 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.53 | $0.52 | $0.48 | $0.49 | $0.32 | $0.54 | $0.49 | $0.54 | $0.32 |
Dividend yield | 4.28% | 4.33% | 4.16% | 4.31% | 2.91% | 4.23% | 3.82% | 4.34% | 2.74% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.00 | $0.19 | ||||||
| 2025 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.10 | $0.52 |
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.05 | $0.48 |
| 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 | $0.04 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.04 | $0.04 | $0.07 | $0.32 |
| 2021 | $0.00 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.25 | $0.54 |
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.
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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 15.98%, occurring on Oct 21, 2022. Recovery took 444 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -15.98%Oct 2022 | 11mo 15d | 1y 9mo | 2y 8moNov 2021 - Jul 2024 |
COVID crash2020 | -15.84%Mar 2020 | 28d | 4mo 10d | 5mo 8dFeb 2020 - Jul 2020 |
Rate-hike selloffLate 2018 | -3.45%Dec 2018 | 2mo 22d | 1mo 8d | 4moOct 2018 - Jan 2019 |
2025 selloff2025 | -2.91%Apr 2025 | 1mo 6d | 1mo 8d | 2mo 14dMar 2025 - May 2025 |
2026 pullback2026 | -2.62%Mar 2026 | 25d | 18d | 1mo 13dMar 2026 - Apr 2026 |
Drawdown Indicators
| FADMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -9.10% | -6.88% |
Max Drawdown (1Y)Largest decline over 1 year | -2.62% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.98% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.97% | +2.97% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -1.13% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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