Fidelity Advisor Mortgage Securities Fund Class Z (FIKUX)
The investment seeks a high level of current income, consistent with prudent investment risk. The fund normally invests at least 80% of assets in investment-grade mortgage-related securities (those of medium and high quality) and repurchase agreements for those securities. It invests in U.S. government securities and instruments related to U.S. government securities. The fund invests in U.S. government securities issued by entities that are chartered or sponsored by Congress but whose securities are neither issued nor guaranteed by the U.S. Treasury.
Fund Info
US3158074381
Oct 2, 2018
$0
Expense Ratio
FIKUX 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 Mortgage Securities 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 Mortgage Securities Fund Class Z had a return of -1.56% year-to-date (YTD) and -0.38% in the last 12 months.
FIKUX
-1.56%
-2.33%
-1.11%
-0.38%
-1.33%
N/A
^GSPC (Benchmark)
-0.77%
-3.55%
3.64%
22.00%
12.20%
11.23%
Monthly Returns
The table below presents the monthly returns of FIKUX, 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 | 0.05% | -1.74% | 0.62% | -2.69% | 2.04% | 0.94% | 2.97% | 1.22% | 1.55% | -2.95% | 1.37% | -1.99% | 1.17% |
| 2023 | 3.50% | -2.71% | 2.02% | 0.40% | -0.66% | -0.43% | -0.13% | -0.84% | -3.53% | -2.00% | 5.61% | 4.07% | 4.97% |
| 2022 | -1.52% | -0.99% | -2.80% | -3.54% | 1.29% | -1.78% | 3.12% | -3.28% | -5.11% | -1.56% | 4.24% | -0.81% | -12.39% |
| 2021 | 0.16% | -0.60% | -0.65% | 0.66% | -0.35% | 0.09% | 0.62% | -0.09% | -0.33% | -0.66% | -0.12% | -0.03% | -1.31% |
| 2020 | 0.78% | 0.98% | 0.52% | 0.96% | 0.23% | 0.03% | 0.40% | 0.22% | 0.09% | -0.78% | 0.06% | 0.19% | 3.72% |
| 2019 | 0.79% | -0.04% | 1.51% | 0.06% | 1.31% | 0.74% | 0.35% | 0.88% | 0.03% | 0.36% | 0.19% | 0.07% | 6.42% |
| 2018 | 0.02% | 0.99% | 1.72% | 2.75% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FIKUX is 14, meaning it’s performing worse than 86% of other mutual funds on our website when it comes to balancing risk and reward. Below is 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 Mortgage Securities Fund Class Z (FIKUX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Advisor Mortgage Securities Fund Class Z provided a 3.97% dividend yield over the last twelve months, with an annual payout of $0.38 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.38 | $0.38 | $0.36 | $0.19 | $0.06 | $0.19 | $0.31 | $0.07 |
Dividend yield | 3.97% | 3.91% | 3.59% | 1.99% | 0.52% | 1.64% | 2.69% | 0.67% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Mortgage Securities 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | |||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.36 |
| 2022 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2021 | $0.02 | $0.00 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.02 | $0.06 |
| 2020 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.19 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.31 |
| 2018 | $0.02 | $0.03 | $0.03 | $0.07 |
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 Mortgage Securities 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 Mortgage Securities Fund Class Z was 18.73%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Fidelity Advisor Mortgage Securities Fund Class Z drawdown is 10.08%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.73% | Oct 8, 2020 | 768 | Oct 19, 2023 | — | — | — |
| -3.82% | Mar 10, 2020 | 8 | Mar 19, 2020 | 6 | Mar 27, 2020 | 14 |
| -0.79% | Sep 5, 2019 | 7 | Sep 13, 2019 | 15 | Oct 4, 2019 | 22 |
| -0.64% | Jan 4, 2019 | 11 | Jan 18, 2019 | 8 | Jan 31, 2019 | 19 |
| -0.63% | Oct 29, 2018 | 5 | Nov 2, 2018 | 10 | Nov 16, 2018 | 15 |
Volatility
Volatility Chart
The current Fidelity Advisor Mortgage Securities Fund Class Z volatility is 1.44%, 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.