Fidelity Advisor Short-Term Bond Fund Class I (FBNIX)
The fund normally invests at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities. Its manager manages the fund to have similar overall interest rate risk to the Bloomberg Barclays U.S. 1-3 Year Government/Credit Bond Index. The fund normally maintains a dollar-weighted average maturity of three years or less. It allocates assets across different market sectors and maturities. The fund invests in domestic and foreign issuers.
Fund Info
| ISIN | US31635V5628 |
|---|---|
| Issuer | Fidelity |
| Inception Date | Jul 12, 2016 |
| Category | Total Bond Market |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
FBNIX features an expense ratio of 0.50%, falling within the medium range.
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 Short-Term Bond Fund Class I, 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 Short-Term Bond Fund Class I had a return of 4.83% year-to-date (YTD) and 7.77% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.83% | 19.79% |
| 1 month | 1.05% | 2.08% |
| 6 months | 4.13% | 9.01% |
| 1 year | 7.77% | 29.79% |
| 5 years (annualized) | 1.89% | 13.85% |
| 10 years (annualized) | N/A | 11.12% |
Monthly Returns
The table below presents the monthly returns of FBNIX, 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 | 0.86% | -0.30% | 0.12% | 0.06% | 0.71% | 0.24% | 1.53% | 0.59% | 4.83% | ||||
| 2023 | 1.16% | -0.68% | 1.06% | 0.36% | -0.02% | -0.24% | 0.63% | 0.27% | -0.24% | 0.44% | 1.27% | 0.95% | 5.04% |
| 2022 | -0.76% | -0.54% | -1.36% | -0.60% | 0.37% | -0.65% | 0.48% | -0.55% | -1.23% | -0.13% | 0.87% | 0.24% | -3.80% |
| 2021 | -0.01% | -0.14% | -0.25% | 0.20% | 0.19% | -0.17% | 0.18% | -0.06% | -0.06% | -0.45% | -0.18% | -0.01% | -0.78% |
| 2020 | 0.74% | 0.61% | -1.55% | 1.53% | 0.83% | 0.58% | 0.47% | 0.12% | -0.11% | 0.11% | 0.22% | 0.20% | 3.77% |
| 2019 | 0.52% | 0.27% | 0.64% | 0.29% | 0.64% | 0.51% | 0.06% | 0.63% | 0.05% | 0.28% | 0.04% | 0.15% | 4.15% |
| 2018 | -0.22% | -0.24% | -0.00% | 0.14% | 0.25% | -0.12% | 0.28% | 0.38% | -0.08% | 0.04% | 0.16% | 0.55% | 1.15% |
| 2017 | 0.22% | 0.19% | 0.08% | 0.20% | 0.21% | -0.04% | 0.34% | 0.10% | -0.02% | -0.01% | -0.24% | 0.07% | 1.10% |
| 2016 | 0.18% | -0.05% | 0.08% | 0.07% | -0.51% | 0.04% | -0.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FBNIX is 95, placing it in the top 5% 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 Advisor Short-Term Bond Fund Class I (FBNIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Advisor Short-Term Bond Fund Class I granted a 3.82% dividend yield in the last twelve months. The annual payout for that period amounted to $0.33 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.25 | $0.08 | $0.10 | $0.24 | $0.18 | $0.15 | $0.10 | $0.04 |
Dividend yield | 3.82% | 2.99% | 1.03% | 1.18% | 2.68% | 2.08% | 1.72% | 1.21% | 0.51% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Short-Term Bond 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.22 | |||
| 2023 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.25 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.08 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.01 | $0.10 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.05 | $0.01 | $0.01 | $0.07 | $0.24 |
| 2019 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.18 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.15 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.10 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.04 |
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 Advisor Short-Term Bond 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 Short-Term Bond Fund Class I was 6.06%, occurring on Oct 20, 2022. Recovery took 292 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.06% | Jan 6, 2021 | 454 | Oct 20, 2022 | 292 | Dec 14, 2023 | 746 |
| -3.96% | Mar 9, 2020 | 12 | Mar 24, 2020 | 44 | May 27, 2020 | 56 |
| -0.9% | Sep 11, 2017 | 131 | Mar 19, 2018 | 109 | Aug 20, 2018 | 240 |
| -0.74% | Nov 8, 2016 | 34 | Dec 27, 2016 | 65 | Mar 31, 2017 | 99 |
| -0.71% | Feb 2, 2024 | 16 | Feb 26, 2024 | 9 | Mar 8, 2024 | 25 |
Volatility
Volatility Chart
The current Fidelity Advisor Short-Term Bond Fund Class I volatility is 0.62%, 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.