Fidelity Advisor Corporate Bond Fund Class Z (FIKOX)
The fund normally invests at least 80% of assets in investment-grade corporate bonds and other corporate debt securities and repurchase agreements for those securities. The fund manager manages the fund to have similar overall interest rate risk to the Bloomberg U.S. Credit Bond Index. It invests in domestic and foreign issuers.
Fund Info
US31635V1254
Oct 2, 2018
$0
Expense Ratio
FIKOX features an expense ratio of 0.36%, falling within the medium range.
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 Corporate Bond Fund Class Z, 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 Corporate Bond Fund Class Z had a return of 2.45% year-to-date (YTD) and 2.52% in the last 12 months.
FIKOX
2.45%
-1.05%
1.41%
2.52%
0.13%
N/A
^GSPC (Benchmark)
23.00%
-0.84%
7.20%
24.88%
12.77%
10.96%
Monthly Returns
The table below presents the monthly returns of FIKOX, 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 | 0.46% | -1.41% | 0.97% | -2.13% | 1.93% | 0.49% | 2.82% | 1.23% | 1.89% | -2.34% | 1.04% | 2.45% | |
| 2023 | 4.95% | -2.96% | 2.11% | 0.48% | -1.00% | 0.42% | 0.62% | -0.85% | -3.06% | -1.67% | 5.98% | 4.12% | 9.03% |
| 2022 | -3.08% | -2.04% | -2.67% | -5.70% | 0.88% | -2.98% | 2.87% | -2.53% | -5.20% | -0.99% | 4.85% | -0.96% | -16.64% |
| 2021 | -1.10% | -1.75% | -1.84% | 1.19% | 0.55% | 1.74% | 1.40% | -0.18% | -1.05% | -0.42% | -0.11% | -0.24% | -1.88% |
| 2020 | 2.66% | 1.29% | -7.56% | 5.78% | 1.88% | 2.24% | 3.06% | -1.09% | -0.26% | -1.19% | 2.75% | 0.60% | 9.99% |
| 2019 | 2.44% | 0.47% | 2.64% | 0.56% | 1.44% | 2.18% | 0.63% | 3.06% | -0.63% | 0.60% | 0.18% | 0.19% | 14.59% |
| 2018 | -0.69% | -0.41% | 1.20% | 0.08% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FIKOX is 25, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Advisor Corporate Bond Fund Class Z (FIKOX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Advisor Corporate Bond Fund Class Z provided a 3.74% dividend yield over the last twelve months, with an annual payout of $0.39 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.40 | $0.35 | $0.33 | $0.35 | $0.41 | $0.11 |
Dividend yield | 3.74% | 3.83% | 3.47% | 2.62% | 2.66% | 3.37% | 0.98% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Corporate Bond Fund Class Z. 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.00 | $0.35 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.40 |
| 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 | $0.35 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2019 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
| 2018 | $0.03 | $0.04 | $0.04 | $0.11 |
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 Corporate Bond Fund Class Z. 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 Corporate Bond Fund Class Z was 23.12%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current Fidelity Advisor Corporate Bond Fund Class Z drawdown is 9.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.12% | Aug 5, 2021 | 309 | Oct 21, 2022 | — | — | — |
| -15.35% | Mar 9, 2020 | 10 | Mar 20, 2020 | 63 | Jun 19, 2020 | 73 |
| -5.46% | Jan 4, 2021 | 52 | Mar 18, 2021 | 93 | Jul 30, 2021 | 145 |
| -2.89% | Aug 7, 2020 | 60 | Oct 30, 2020 | 41 | Dec 30, 2020 | 101 |
| -2.61% | Sep 5, 2019 | 7 | Sep 13, 2019 | 15 | Oct 4, 2019 | 22 |
Volatility
Volatility Chart
The current Fidelity Advisor Corporate Bond Fund Class Z volatility is 1.77%, 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.