Fidelity Advisor Limited Term Bond Fund Class Z (FIKRX)

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Fidelity Advisor Limited Term Bond Fund Class Z (FIKRX) is up 0.5% since the beginning of the year. FIKRX is currently trading at $11 per share. Investors who bought $1,000 worth of FIKRX shares 5 years ago would now be looking at an investment worth $1,108.

Fidelity Advisor Limited Term Bond Fund Class Z (FIKRX) has returned 0.47% so far this year and 2.79% over the past 12 months.

Based on dividend-adjusted daily data since Oct 17, 2018, FIKRX's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.

Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +2.3%, while the worst month was Mar 2020 at -3.0%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 9 months.

On a daily basis, FIKRX closed higher 38% of trading days. The best single day was Apr 9, 2020 with a return of +1.0%, while the worst single day was Mar 18, 2020 at -1.1%.

Fidelity Advisor Limited Term Bond Fund Class Z has an annualized alpha of 2.70%, beta of 0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since October 17, 2018.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (10.08%) than losses (6.83%) - typical of diversified or defensive assets.
• Beta of 0.01 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.

FIKRX has an expense ratio of 0.36%, placing it in the medium range.

FIKRX ranks 68 for risk / return — above 68% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.

Fidelity Advisor Limited Term Bond Fund Class Z provided a 3.83% dividend yield over the last twelve months, with an annual payout of $0.44 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Fidelity Advisor Limited Term Bond Fund Class Z. 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 Limited Term 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 Limited Term Bond Fund Class Z was 9.79%, occurring on Oct 20, 2022. Recovery took 426 trading sessions.

The current Fidelity Advisor Limited Term Bond Fund Class Z drawdown is 0.52%.

The chart below shows the rolling one-month volatility.