Fidelity Advisor Investment Grade Bond Fund Class I (FGBPX)
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. It allocates assets across different market sectors and maturities. The fund invests in domestic and foreign issuers.
Fund Info
| ISIN | US3161468695 |
|---|---|
| Issuer | Fidelity |
| Inception Date | Aug 27, 2002 |
| Category | Total Bond Market |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
FGBPX features an expense ratio of 0.49%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: FGBPX vs. NOCBX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Advisor Investment Grade 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 Investment Grade Bond Fund Class I had a return of 1.89% year-to-date (YTD) and 6.93% in the last 12 months. Over the past 10 years, Fidelity Advisor Investment Grade Bond Fund Class I had an annualized return of 1.58%, while the S&P 500 had an annualized return of 11.39%, indicating that Fidelity Advisor Investment Grade Bond Fund Class I did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.89% | 25.48% |
| 1 month | -1.34% | 2.14% |
| 6 months | 2.38% | 12.76% |
| 1 year | 6.93% | 33.14% |
| 5 years (annualized) | -0.13% | 13.96% |
| 10 years (annualized) | 1.58% | 11.39% |
Monthly Returns
The table below presents the monthly returns of FGBPX, 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 | 0.37% | -1.37% | 0.42% | -2.01% | 1.64% | 0.71% | 2.64% | 1.11% | 1.58% | -2.39% | 1.89% | ||
| 2023 | 3.97% | -2.49% | 2.27% | 0.28% | -0.81% | -0.14% | 0.15% | -0.67% | -2.83% | -1.41% | 4.66% | 3.57% | 6.37% |
| 2022 | -2.00% | -1.08% | -2.80% | -3.94% | 0.36% | -1.93% | 2.30% | -2.34% | -4.39% | -1.17% | 3.59% | -0.98% | -13.76% |
| 2021 | -0.80% | -1.19% | -1.30% | 0.86% | 0.25% | 1.08% | 1.19% | -0.23% | -0.82% | 0.01% | 0.25% | -0.21% | -0.96% |
| 2020 | 2.04% | 1.50% | -1.73% | 2.70% | 1.35% | 1.43% | 1.77% | -0.65% | -0.11% | -3.08% | 1.53% | 0.01% | 6.80% |
| 2019 | 1.55% | -0.03% | 2.05% | 0.24% | 1.51% | 1.48% | 0.24% | 2.32% | -0.52% | 0.56% | -0.04% | -0.07% | 9.64% |
| 2018 | -0.95% | -0.98% | 0.26% | -0.53% | 0.45% | -0.13% | 0.27% | 0.60% | -0.57% | -0.82% | 0.51% | 1.53% | -0.39% |
| 2017 | 0.33% | 0.70% | 0.02% | 0.78% | 0.63% | -0.09% | 0.54% | 0.81% | -0.34% | 0.05% | -0.07% | 0.42% | 3.85% |
| 2016 | 0.63% | 0.62% | 1.79% | 1.24% | -0.04% | 1.87% | 1.08% | 0.45% | 0.06% | -0.56% | -2.34% | 0.45% | 5.30% |
| 2015 | 1.88% | -0.53% | 0.23% | -0.29% | -0.28% | -1.17% | 0.50% | -0.67% | -0.13% | 0.62% | -0.67% | -1.07% | -1.60% |
| 2014 | 1.39% | 0.85% | -0.16% | 0.85% | 1.22% | 0.06% | -0.43% | 1.22% | -0.93% | 0.97% | 0.61% | -0.02% | 5.73% |
| 2013 | -0.60% | 0.40% | 0.16% | 1.04% | -1.69% | -2.10% | 0.47% | -0.83% | 1.14% | 1.00% | -0.30% | -0.43% | -1.78% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FGBPX is 11, indicating that it is in the bottom 11% 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 Investment Grade Bond Fund Class I (FGBPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Advisor Investment Grade Bond Fund Class I provided a 3.87% dividend yield over the last twelve months, with an annual payout of $0.28 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.28 | $0.25 | $0.18 | $0.13 | $0.16 | $0.22 | $0.22 | $0.17 | $0.19 | $0.22 | $0.20 | $0.18 |
Dividend yield | 3.87% | 3.48% | 2.59% | 1.52% | 1.80% | 2.72% | 2.82% | 2.12% | 2.45% | 2.86% | 2.48% | 2.31% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Investment Grade 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 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.23 | |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2020 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2018 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.22 |
| 2017 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.17 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.19 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
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 Investment Grade 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 Investment Grade Bond Fund Class I was 20.21%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Fidelity Advisor Investment Grade Bond Fund Class I drawdown is 9.90%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.21% | Aug 7, 2020 | 560 | Oct 24, 2022 | — | — | — |
| -12.39% | Jan 23, 2008 | 213 | Nov 24, 2008 | 171 | Jul 31, 2009 | 384 |
| -8.62% | Mar 9, 2020 | 9 | Mar 19, 2020 | 43 | May 20, 2020 | 52 |
| -5.11% | May 3, 2013 | 87 | Sep 5, 2013 | 164 | May 1, 2014 | 251 |
| -4.66% | Jun 16, 2003 | 42 | Aug 14, 2003 | 105 | Jan 14, 2004 | 147 |
Volatility
Volatility Chart
The current Fidelity Advisor Investment Grade Bond Fund Class I volatility is 1.74%, 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.