Fidelity Advisor Short-Term Bond Fund Class I (FBNIX)

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Fidelity Advisor Short-Term Bond Fund Class I (FBNIX) is up 0.7% since the beginning of the year. FBNIX is currently trading at $8 per share. Investors who bought $1,000 worth of FBNIX shares 5 years ago would now be looking at an investment worth $1,113.

Fidelity Advisor Short-Term Bond Fund Class I (FBNIX) has returned 0.68% so far this year and 3.74% over the past 12 months.

Based on dividend-adjusted daily data since Jul 22, 2016, FBNIX's average daily return is +0.01%, while the average monthly return is +0.17%. At this rate, an investment would double in approximately 34.0 years.

Historically, 69% of months were positive and 31% were negative. The best month was Apr 2020 with a return of +1.5%, while the worst month was Mar 2020 at -1.6%. The longest winning streak lasted 17 consecutive months, and the longest losing streak was 9 months.

On a daily basis, FBNIX closed higher 24% of trading days. The best single day was Nov 10, 2022 with a return of +0.6%, while the worst single day was Mar 20, 2020 at -0.6%.

Fidelity Advisor Short-Term Bond Fund Class I has an annualized alpha of 2.09%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since July 25, 2016.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (6.54%) than losses (1.38%) - typical of diversified or defensive assets.
• Beta of 0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FBNIX has an expense ratio of 0.50%, placing it in the medium range.

FBNIX ranks 63 for risk / return — better than 63% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Fidelity Advisor Short-Term Bond Fund Class I (FBNIX) and compare them to S&P 500 Index.

Fidelity Advisor Short-Term Bond Fund Class I provided a 4.17% dividend yield over the last twelve months, with an annual payout of $0.35 per share. The fund has been increasing its distributions for 3 consecutive years.

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.

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.

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 6.47%, occurring on Oct 20, 2022. Recovery took 308 trading sessions.

The current Fidelity Advisor Short-Term Bond Fund Class I drawdown is 0.18%.

The chart below shows the rolling one-month volatility.