Fidelity Advisor High Income Advantage Fund Class Z (FIQTX)
The investment seeks a combination of a high level of income and the potential for capital gains. The fund invests primarily in income-producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities. It invests in non-income producing securities, including defaulted securities and common stocks. The fund invests up to 20% of total assets in common stocks. It invests in companies in troubled or uncertain financial condition. The fund uses fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.
Fund Info
US3158068029
Oct 2, 2018
$0
Expense Ratio
FIQTX has an expense ratio of 0.64%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) returned 1.43% year-to-date (YTD) and 6.99% over the past 12 months.
FIQTX
1.43%
2.73%
0.74%
6.99%
8.26%
8.98%
N/A
^GSPC (Benchmark)
-1.34%
5.80%
-2.79%
9.39%
13.76%
14.45%
10.68%
Monthly Returns
The table below presents the monthly returns of FIQTX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.91% | -0.73% | -2.23% | 0.40% | 2.14% | 1.43% | |||||||
| 2024 | 1.09% | 1.64% | 1.41% | -0.95% | 1.93% | 0.37% | 1.37% | 0.28% | 2.17% | 0.21% | 1.99% | -1.03% | 10.92% |
| 2023 | 4.56% | -1.29% | 0.84% | 0.40% | -0.53% | 2.21% | 1.89% | -0.28% | -1.86% | -1.10% | 4.62% | 2.93% | 12.83% |
| 2022 | -3.27% | -0.97% | -0.24% | -4.09% | 0.91% | -6.70% | 5.77% | -1.26% | -4.72% | 3.35% | 2.67% | -1.85% | -10.58% |
| 2021 | 0.46% | 2.91% | 0.79% | 1.72% | 0.60% | 1.69% | 0.35% | 1.35% | -0.33% | 0.83% | -1.48% | 2.32% | 11.71% |
| 2020 | -0.33% | -3.46% | -14.66% | 6.46% | 5.35% | 0.96% | 4.86% | 2.62% | -0.65% | -0.56% | 7.03% | 3.08% | 9.05% |
| 2019 | 6.93% | 2.52% | 0.69% | 2.40% | -3.39% | 3.12% | 0.57% | -0.66% | 0.47% | 0.32% | 1.38% | 2.59% | 17.93% |
| 2018 | -3.22% | -0.60% | -4.34% | -7.98% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 82, FIQTX is among the top 18% of 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 High Income Advantage Fund Class Z (FIQTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Fidelity Advisor High Income Advantage Fund Class Z provided a 4.99% dividend yield over the last twelve months, with an annual payout of $0.55 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.55 | $0.56 | $0.55 | $0.84 | $0.65 | $0.43 | $0.49 | $0.24 |
Dividend yield | 4.99% | 5.05% | 5.22% | 8.57% | 5.51% | 3.81% | 4.59% | 2.55% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor High Income Advantage 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 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.17 | |||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.56 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.08 | $0.55 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 | $0.84 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 | $0.65 |
| 2020 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.43 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.07 | $0.49 |
| 2018 | $0.04 | $0.04 | $0.17 | $0.24 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor High Income Advantage 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 High Income Advantage Fund Class Z was 28.49%, occurring on Mar 23, 2020. Recovery took 159 trading sessions.
The current Fidelity Advisor High Income Advantage Fund Class Z drawdown is 0.99%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.49% | Feb 20, 2020 | 23 | Mar 23, 2020 | 159 | Nov 5, 2020 | 182 |
| -14.55% | Jan 3, 2022 | 189 | Sep 29, 2022 | 307 | Dec 14, 2023 | 496 |
| -9.78% | Oct 5, 2018 | 55 | Dec 24, 2018 | 38 | Feb 20, 2019 | 93 |
| -6.96% | Feb 19, 2025 | 35 | Apr 8, 2025 | 27 | May 16, 2025 | 62 |
| -3.48% | May 2, 2019 | 21 | May 31, 2019 | 39 | Jul 26, 2019 | 60 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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