Fidelity Advisor High Income Advantage Fund Class I (FAHCX)
The fund invests primarily in income-producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities. It invests in non-income producing securities, including defaulted securities and common stocks. The fund invests up to 20% of total assets in common stocks. It invests in companies in troubled or uncertain financial condition. The advisor uses fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.
Fund Info
US3158078754
Jul 3, 1995
$0
Expense Ratio
FAHCX has an expense ratio of 0.74%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Fidelity Advisor High Income Advantage Fund Class I (FAHCX) returned 1.37% year-to-date (YTD) and 7.45% over the past 12 months. Over the past 10 years, FAHCX returned 5.47% annually, underperforming the S&P 500 benchmark at 10.69%.
FAHCX
1.37%
4.74%
0.57%
7.45%
8.27%
5.47%
^GSPC (Benchmark)
-0.64%
8.97%
-2.62%
11.90%
15.76%
10.69%
Monthly Returns
The table below presents the monthly returns of FAHCX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.90% | -0.74% | -2.23% | 0.00% | 2.51% | 1.37% | |||||||
| 2024 | 1.17% | 1.63% | 1.41% | -0.97% | 1.92% | 0.37% | 1.36% | 0.28% | 2.15% | 0.20% | 1.99% | -1.05% | 10.89% |
| 2023 | 4.54% | -1.30% | 0.83% | 0.40% | -0.55% | 2.19% | 1.78% | -0.19% | -1.86% | -1.11% | 4.61% | 2.84% | 12.60% |
| 2022 | -3.20% | -0.98% | -0.25% | -4.09% | 0.90% | -6.71% | 5.77% | -1.27% | -4.73% | 3.34% | 2.57% | -5.22% | -13.73% |
| 2021 | 0.45% | 2.90% | 0.78% | 1.71% | 0.60% | 1.60% | 0.43% | 1.34% | -0.43% | 0.82% | -1.40% | 0.01% | 9.09% |
| 2020 | -0.43% | -3.37% | -14.67% | 6.45% | 5.34% | 0.95% | 4.85% | 2.62% | -0.75% | -0.57% | 7.12% | 3.07% | 8.94% |
| 2019 | 6.92% | 2.51% | 0.68% | 2.38% | -3.39% | 3.10% | 0.57% | -0.67% | 0.45% | 0.32% | 1.28% | 2.63% | 17.74% |
| 2018 | 1.66% | -1.91% | -1.14% | 0.74% | 1.52% | -0.19% | 1.79% | 0.92% | -0.04% | -3.57% | -0.61% | -4.35% | -5.25% |
| 2017 | 2.36% | 1.99% | -0.21% | 1.22% | 0.84% | -0.04% | 1.61% | 0.07% | 1.38% | 0.82% | -0.04% | 1.20% | 11.74% |
| 2016 | -3.25% | -0.17% | 5.04% | 3.27% | 0.90% | -0.14% | 3.09% | 2.11% | 0.46% | -0.64% | 0.45% | 1.91% | 13.55% |
| 2015 | 0.66% | 2.71% | 0.01% | 0.91% | 1.08% | -1.58% | -0.22% | -2.10% | -2.99% | 3.00% | -0.96% | -3.00% | -2.68% |
| 2014 | -0.28% | 2.58% | 0.11% | 0.18% | 1.48% | 1.54% | -1.73% | 2.15% | -2.53% | 1.56% | 0.05% | -1.02% | 4.02% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 83, FAHCX is among the top 17% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Advisor High Income Advantage Fund Class I (FAHCX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Fidelity Advisor High Income Advantage Fund Class I provided a 4.49% dividend yield over the last twelve months, with an annual payout of $0.50 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.50 | $0.55 | $0.54 | $0.46 | $0.38 | $0.42 | $0.48 | $0.58 | $0.53 | $0.48 | $0.49 | $0.47 |
Dividend yield | 4.49% | 4.96% | 5.12% | 4.73% | 3.23% | 3.71% | 4.45% | 6.10% | 4.94% | 4.74% | 5.28% | 4.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor High Income Advantage Fund Class I. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.04 | $0.04 | $0.00 | $0.00 | $0.12 | |||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.55 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.08 | $0.54 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.46 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.38 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.42 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.07 | $0.48 |
| 2018 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.17 | $0.58 |
| 2017 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.13 | $0.53 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.08 | $0.48 |
| 2015 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.49 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.47 |
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 Advisor High Income Advantage Fund Class I. 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 Advisor High Income Advantage Fund Class I was 48.54%, occurring on Mar 9, 2009. Recovery took 209 trading sessions.
The current Fidelity Advisor High Income Advantage Fund Class I drawdown is 0.97%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -48.54% | Jun 4, 2007 | 443 | Mar 9, 2009 | 209 | Jan 5, 2010 | 652 |
| -31.1% | Mar 13, 2000 | 644 | Oct 9, 2002 | 139 | Apr 30, 2003 | 783 |
| -28.49% | Feb 20, 2020 | 23 | Mar 23, 2020 | 159 | Nov 5, 2020 | 182 |
| -16.41% | Nov 10, 2021 | 225 | Sep 29, 2022 | 413 | May 15, 2024 | 638 |
| -16.36% | Jul 23, 1998 | 61 | Oct 15, 1998 | 116 | Mar 26, 1999 | 177 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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