Fidelity Advisor Total Bond Fund Class C (FCEPX)

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Fidelity Advisor Total Bond Fund Class C (FCEPX) is up 0.1% since the beginning of the year. FCEPX is currently trading at $10 per share. Investors who bought $1,000 worth of FCEPX shares 5 years ago would now be looking at an investment worth $974.

Fidelity Advisor Total Bond Fund Class C (FCEPX) has returned 0.13% so far this year and 3.97% over the past 12 months. Over the last ten years, FCEPX has returned 1.37% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jun 28, 2004, FCEPX's average daily return is +0.01%, while the average monthly return is +0.23%. At this rate, an investment would double in approximately 25.1 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2023 with a return of +4.6%, while the worst month was Oct 2008 at -5.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 7 months.

On a daily basis, FCEPX closed higher 45% of trading days. The best single day was Nov 10, 2022 with a return of +1.9%, while the worst single day was Mar 18, 2020 at -2.2%.

Fidelity Advisor Total Bond Fund Class C has an annualized alpha of 2.93%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since June 28, 2004.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (14.55%) than losses (11.11%) - typical of diversified or defensive assets.
• Beta of -0.01 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.

FCEPX has a high expense ratio of 1.51%, indicating above-average management fees.

FCEPX ranks 16 for risk / return — in the bottom 16% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Fidelity Advisor Total Bond Fund Class C provided a 3.29% dividend yield over the last twelve months, with an annual payout of $0.31 per share.

The table displays the monthly dividend distributions for Fidelity Advisor Total Bond Fund Class C. 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 Total Bond Fund Class C. 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 Total Bond Fund Class C was 19.05%, occurring on Oct 24, 2022. The portfolio has not yet recovered.

The current Fidelity Advisor Total Bond Fund Class C drawdown is 3.82%.

The chart below shows the rolling one-month volatility.