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
| ISIN | US3158068029 |
|---|---|
| Issuer | Fidelity |
| Inception Date | Oct 2, 2018 |
| Category | High Yield Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
FIQTX features an expense ratio of 0.64%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: FIQTX vs. FTKFX, FIQTX vs. FBIIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Advisor High Income Advantage 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 High Income Advantage Fund Class Z had a return of 11.66% year-to-date (YTD) and 18.09% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 11.66% | 25.70% |
| 1 month | 1.66% | 3.51% |
| 6 months | 6.79% | 14.80% |
| 1 year | 18.09% | 37.91% |
| 5 years (annualized) | 5.96% | 14.18% |
| 10 years (annualized) | N/A | 11.41% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.09% | 1.64% | 1.41% | -0.95% | 1.92% | 0.37% | 1.36% | 0.28% | 2.17% | 0.21% | 11.66% | ||
| 2023 | 4.55% | -1.29% | 0.84% | 0.40% | -0.53% | 2.20% | 1.89% | -0.28% | -1.86% | -1.09% | 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% | 3.36% | 2.67% | -5.32% | -13.73% |
| 2021 | 0.46% | 2.91% | 0.79% | 1.72% | 0.60% | 1.69% | 0.35% | 1.34% | -0.34% | 0.83% | -1.49% | 0.10% | 9.29% |
| 2020 | -0.33% | -3.46% | -14.67% | 6.46% | 5.35% | 0.96% | 4.86% | 2.62% | -0.65% | -0.56% | 7.03% | 3.08% | 9.06% |
| 2019 | 6.93% | 2.52% | 0.69% | 2.39% | -3.39% | 3.11% | 0.57% | -0.66% | 0.46% | 0.32% | 1.37% | 2.54% | 17.83% |
| 2018 | -3.22% | -0.60% | -4.34% | -7.98% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FIQTX is 89, placing it in the top 11% 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.
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.
Dividends
Dividend History
Fidelity Advisor High Income Advantage Fund Class Z provided a 4.96% dividend yield over the last twelve months, with an annual payout of $0.56 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.56 | $0.55 | $0.47 | $0.39 | $0.43 | $0.49 | $0.24 |
Dividend yield | 4.96% | 5.22% | 4.84% | 3.32% | 3.81% | 4.53% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.43 | |
| 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 | $0.08 | $0.47 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.39 |
| 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.
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.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.49% | Feb 20, 2020 | 23 | Mar 23, 2020 | 159 | Nov 5, 2020 | 182 |
| -16.35% | Nov 10, 2021 | 225 | Sep 29, 2022 | 413 | May 15, 2024 | 638 |
| -9.78% | Oct 5, 2018 | 55 | Dec 24, 2018 | 38 | Feb 20, 2019 | 93 |
| -3.48% | May 2, 2019 | 21 | May 31, 2019 | 42 | Jul 31, 2019 | 63 |
| -2.95% | Aug 1, 2019 | 11 | Aug 15, 2019 | 16 | Sep 9, 2019 | 27 |
Volatility
Volatility Chart
The current Fidelity Advisor High Income Advantage Fund Class Z volatility is 1.12%, 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.