- ISIN
- US3161468778
- Issuer
- Fidelity
- Inception Date
- Aug 27, 2002
- Category
- Total Bond Market, Investment Grade Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
FGBCX Performance Chart
Fidelity Advisor Investment Grade Bond Fund Class C (FGBCX) is down 1.1% since the beginning of the year. FGBCX is currently trading at $7 per share. Investors who bought $1,000 worth of FGBCX shares 5 years ago would now be looking at an investment worth $929.
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Returns By Period
Fidelity Advisor Investment Grade Bond Fund Class C (FGBCX) has returned -1.12% so far this year and 0.63% over the past 12 months. Over the last ten years, FGBCX has returned 0.76% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Fidelity Advisor Investment Grade Bond Fund Class C
- 1D
- 0.14%
- 1M
- -1.11%
- 6M
- -1.21%
- YTD
- -1.12%
- 1Y
- 0.63%
- 3Y*
- 2.60%
- 5Y*
- -1.47%
- 10Y*
- 0.76%
- ALL TIME*
- 1.52%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FGBCX Monthly Returns History
Based on dividend-adjusted daily data since Dec 31, 1993, FGBCX's average daily return is +0.01%, while the average monthly return is +0.13%. At this rate, an investment would double in approximately 44.5 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2023 with a return of +4.6%, while the worst month was Oct 2008 at -5.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FGBCX closed higher 31% of trading days. The best single day was May 31, 1995 with a return of +3.0%, while the worst single day was Feb 28, 1994 at -3.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.09% | 1.71% | -1.93% | 0.09% | 0.10% | 0.23% | -1.38% | -1.12% | |||||
| 2025 | 0.52% | 2.18% | -0.18% | 0.37% | -0.72% | 1.50% | -0.31% | 1.08% | 0.92% | 0.50% | 0.63% | -0.54% | 6.08% |
| 2024 | -0.18% | -1.45% | 0.56% | -2.56% | 1.70% | 0.71% | 2.23% | 1.34% | 1.17% | -2.48% | 0.92% | -1.77% | 0.04% |
| 2023 | 3.45% | -2.57% | 2.18% | 0.61% | -1.17% | -0.22% | -0.06% | -0.62% | -2.62% | -2.04% | 4.57% | 3.81% | 5.09% |
| 2022 | -1.97% | -1.29% | -2.77% | -4.00% | 0.24% | -2.12% | 2.17% | -2.50% | -4.63% | -1.40% | 3.51% | -0.65% | -14.63% |
| 2021 | -0.82% | -1.29% | -1.50% | 0.77% | 0.29% | 0.87% | 1.10% | -0.20% | -1.02% | 0.04% | 0.15% | -0.37% | -1.98% |
Benchmark Metrics
Fidelity Advisor Investment Grade Bond Fund Class C has an annualized alpha of 1.79%, beta of -0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since December 31, 1993.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (8.92%) than losses (8.60%) - typical of diversified or defensive assets.
- Beta of -0.02 may look defensive, but with R2 of 0.01 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 0.01 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.
- Alpha
- 1.79%
- Beta
- -0.02
- R²
- 0.01
- Upside Capture
- 8.92%
- Downside Capture
- 8.60%
Expense Ratio
FGBCX has a high expense ratio of 1.53%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FGBCX ranks 10 for risk / return — above 10% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor Investment Grade Bond Fund Class C (FGBCX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FGBCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.25 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | 2.00 | -1.46 |
| Martin ratioReturn relative to average drawdown | 1.25 | 8.49 | -7.24 |
Dividends
Dividend History
Fidelity Advisor Investment Grade Bond Fund Class C provided a 2.63% dividend yield over the last twelve months, with an annual payout of $0.19 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.19 | $0.21 | $0.17 | $0.16 | $0.08 | $0.04 | $0.32 | $0.14 | $0.14 | $0.08 | $0.12 | $0.12 |
Dividend yield | 2.63% | 2.82% | 2.44% | 2.27% | 1.10% | 0.47% | 3.73% | 1.69% | 1.76% | 0.99% | 1.54% | 1.64% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Investment Grade Bond Fund Class C. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.10 | |||||
| 2025 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2024 | $0.02 | $0.02 | $0.00 | $0.02 | $0.02 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.17 |
| 2023 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.02 | $0.16 |
| 2022 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.08 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor Investment Grade 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 Investment Grade Bond Fund Class C was 19.98%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current Fidelity Advisor Investment Grade Bond Fund Class C drawdown is 8.01%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-19.98%Oct 2022 | 2y 2mo | — | 5y 12moAug 2020 - now | Bear market2022 |
-14.55%May 2000 | 6y 3mo | 2y 11mo | 9y 2moFeb 1994 - May 2003 | Dot-com crash2000–2002 |
-13.20%Nov 2008 | 10mo 5d | 8mo 23d | 1y 6moJan 2008 - Aug 2009 | Financial crisis2007–2009 |
-8.52%Mar 2020 | 10d | 2mo 3d | 2mo 13dMar 2020 - May 2020 | COVID crash2020 |
-5.55%Sep 2013 | 4mo 5d | 9mo 28d | 1y 1moMay 2013 - Jun 2014 | — |
Drawdown Indicators
| FGBCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.98% | -56.78% | +36.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -9.10% | +5.91% |
Max Drawdown (3Y)Largest decline over 3 years | -5.36% | -18.90% | +13.54% |
Max Drawdown (5Y)Largest decline over 5 years | -19.42% | -25.43% | +6.01% |
Max Drawdown (10Y)Largest decline over 10 years | -19.98% | -33.92% | +13.94% |
Current DrawdownCurrent decline from peak | -8.01% | -1.58% | -6.43% |
Average DrawdownAverage peak-to-trough decline | -5.28% | -10.70% | +5.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 2.14% | -0.76% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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