Fidelity Advisor Multi-Asset Income Fund Class Z (FIWBX)

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Fidelity Advisor Multi-Asset Income Fund Class Z (FIWBX) is up 8.5% since the beginning of the year. FIWBX is currently trading at $17 per share. Investors who bought $1,000 worth of FIWBX shares 5 years ago would now be looking at an investment worth $1,372.

Fidelity Advisor Multi-Asset Income Fund Class Z (FIWBX) has returned 8.48% so far this year and 21.05% over the past 12 months.

Based on dividend-adjusted daily data since Oct 17, 2018, FIWBX's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +8.5%, while the worst month was Apr 2022 at -6.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, FIWBX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +4.5%, while the worst single day was Mar 16, 2020 at -5.4%.

Fidelity Advisor Multi-Asset Income Fund Class Z has an annualized alpha of 3.41%, beta of 0.49, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since October 18, 2018.

• This fund participated in 56.69% of S&P 500 Index downside but only 55.87% of its upside - more exposed to losses than it benefited from rallies.
• This fund generated an annualized alpha of 3.41% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• Beta of 0.49 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

FIWBX has an expense ratio of 0.71%, placing it in the medium range.

FIWBX ranks 58 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Fidelity Advisor Multi-Asset Income Fund Class Z (FIWBX) and compare them to S&P 500 Index.

Fidelity Advisor Multi-Asset Income Fund Class Z provided a 3.52% dividend yield over the last twelve months, with an annual payout of $0.58 per share.

The table displays the monthly dividend distributions for Fidelity Advisor Multi-Asset Income 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 Multi-Asset Income 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 Multi-Asset Income Fund Class Z was 21.63%, occurring on Mar 23, 2020. Recovery took 53 trading sessions.

The current Fidelity Advisor Multi-Asset Income Fund Class Z drawdown is 0.70%.

The chart below shows the rolling one-month volatility.