Fidelity Advisor High Income Fund Class I (FGTMX)
The fund normally invests primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities. It potentially invests in non-income producing securities, including defaulted securities and common stocks. The fund invests in companies in troubled or uncertain financial condition. It invests in domestic and foreign issuers.
Fund Info
| ISIN | US31641Q7227 |
|---|---|
| Issuer | Fidelity |
| Inception Date | Dec 4, 2018 |
| Category | High Yield Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
FGTMX has a high expense ratio of 0.72%, indicating higher-than-average management fees.
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 High Income 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 High Income Fund Class I had a return of 3.05% year-to-date (YTD) and 11.32% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.05% | 11.05% |
| 1 month | 2.34% | 4.86% |
| 6 months | 8.17% | 17.50% |
| 1 year | 11.32% | 27.37% |
| 5 years (annualized) | 2.51% | 13.14% |
| 10 years (annualized) | N/A | 10.90% |
Monthly Returns
The table below presents the monthly returns of FGTMX, 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 | 0.83% | 0.57% | 0.91% | -0.47% | 3.05% | ||||||||
| 2023 | 4.08% | -1.47% | 0.85% | 0.27% | -0.73% | 1.94% | 1.26% | -0.26% | -1.62% | -1.10% | 4.39% | 3.08% | 10.97% |
| 2022 | -2.99% | -0.98% | -0.23% | -4.12% | 0.51% | -7.35% | 5.22% | -1.30% | -4.81% | 3.26% | 2.06% | -1.87% | -12.53% |
| 2021 | -0.34% | 0.08% | 0.25% | 1.15% | 0.01% | 1.72% | 0.34% | 0.68% | -0.13% | -0.34% | -1.16% | 2.24% | 4.55% |
| 2020 | -0.47% | -1.62% | -11.51% | 3.96% | 3.83% | 0.28% | 4.28% | 0.73% | -1.17% | 0.12% | 3.45% | 1.45% | 2.31% |
| 2019 | 4.72% | 1.79% | 0.55% | 1.45% | -1.15% | 2.38% | 0.33% | 0.53% | 0.62% | 0.06% | 0.29% | 1.90% | 14.19% |
| 2018 | -2.75% | -2.75% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FGTMX is 85, placing it in the top 15% 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.
FGTMX (Fidelity Advisor High Income Fund Class I)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Advisor High Income Fund Class I (FGTMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Advisor High Income Fund Class I granted a 5.48% dividend yield in the last twelve months. The annual payout for that period amounted to $0.42 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.41 | $0.37 | $0.42 | $0.41 | $0.45 | $0.04 |
Dividend yield | 5.48% | 5.30% | 5.13% | 4.79% | 4.68% | 5.04% | 0.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor High Income 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 | $0.04 | $0.03 | $0.04 | $0.04 | $0.00 | $0.14 | |||||||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.05 | $0.41 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.37 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.42 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.41 |
| 2019 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.45 |
| 2018 | $0.04 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor High Income 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 High Income Fund Class I was 22.37%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.37% | Jan 17, 2020 | 45 | Mar 23, 2020 | 161 | Nov 9, 2020 | 206 |
| -15.88% | Jan 3, 2022 | 189 | Sep 29, 2022 | 413 | May 15, 2024 | 602 |
| -3.75% | Dec 14, 2018 | 9 | Dec 27, 2018 | 8 | Jan 9, 2019 | 17 |
| -2.41% | Sep 20, 2021 | 49 | Nov 26, 2021 | 20 | Dec 27, 2021 | 69 |
| -1.64% | Feb 17, 2021 | 22 | Mar 18, 2021 | 12 | Apr 6, 2021 | 34 |
Volatility
Volatility Chart
The current Fidelity Advisor High Income Fund Class I volatility is 1.01%, 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.