Fidelity Advisor High Income Advantage Fund Class M (FAHYX)
The investment seeks a combination of a high level of income and the potential for capital gains. 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
| ISIN | US3158073052 |
|---|---|
| Issuer | Fidelity |
| Inception Date | Jan 5, 1987 |
| Category | High Yield Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
FAHYX has a high expense ratio of 0.99%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Advisor High Income Advantage Fund Class M, 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 Advisor High Income Advantage Fund Class M had a return of 3.51% year-to-date (YTD) and 11.65% in the last 12 months. Over the past 10 years, Fidelity Advisor High Income Advantage Fund Class M had an annualized return of 5.58%, while the S&P 500 had an annualized return of 10.41%, indicating that Fidelity Advisor High Income Advantage Fund Class M did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.51% | 6.17% |
| 1 month | -0.40% | -2.72% |
| 6 months | 9.83% | 17.29% |
| 1 year | 11.65% | 23.80% |
| 5 years (annualized) | 5.49% | 11.47% |
| 10 years (annualized) | 5.58% | 10.41% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.02% | 1.60% | 1.48% | -1.05% | ||||||||
| 2023 | -1.10% | 4.57% | 2.90% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FAHYX is 92, placing it in the top 8% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Fidelity Advisor High Income Advantage Fund Class M(FAHYX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Advisor High Income Advantage Fund Class M (FAHYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Advisor High Income Advantage Fund Class M granted a 4.85% dividend yield in the last twelve months. The annual payout for that period amounted to $0.56 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.56 | $0.55 | $0.83 | $0.64 | $0.42 | $0.49 | $0.58 | $0.53 | $0.49 | $0.50 | $0.45 | $0.60 |
Dividend yield | 4.85% | 4.87% | 7.88% | 4.99% | 3.46% | 4.24% | 5.67% | 4.67% | 4.53% | 5.05% | 4.22% | 5.54% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor High Income Advantage Fund Class M. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | ||||||||
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.08 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 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 |
| 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 |
| 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 |
| 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 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 |
| 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 |
| 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 |
| 2013 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.16 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor High Income Advantage Fund Class M. 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 M was 48.78%, occurring on Mar 9, 2009. Recovery took 210 trading sessions.
The current Fidelity Advisor High Income Advantage Fund Class M drawdown is 0.83%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -48.78% | Jun 5, 2007 | 442 | Mar 9, 2009 | 210 | Jan 6, 2010 | 652 |
| -32.07% | Mar 13, 2000 | 644 | Oct 9, 2002 | 142 | May 5, 2003 | 786 |
| -28.51% | Feb 20, 2020 | 23 | Mar 23, 2020 | 159 | Nov 5, 2020 | 182 |
| -16.41% | Jul 23, 1998 | 61 | Oct 15, 1998 | 119 | Mar 31, 1999 | 180 |
| -15.53% | Jun 2, 2015 | 177 | Feb 11, 2016 | 110 | Jul 20, 2016 | 287 |
Volatility
Volatility Chart
The current Fidelity Advisor High Income Advantage Fund Class M volatility is 1.69%, 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.