Fidelity Advisor Strategic Income Fund Class Z (FIWDX)
The investment seeks a high level of current income; it may also seek capital appreciation. The fund invests primarily in debt securities, including lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds). It allocates the fund's assets among four general investment categories: high yield securities, U.S. government and investment-grade securities, emerging market securities, and foreign developed market securities.
Fund Info
| ISIN | US3158074209 |
|---|---|
| Issuer | Fidelity |
| Inception Date | Oct 2, 2018 |
| Category | Total Bond Market |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
FIWDX features an expense ratio of 0.61%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: FIWDX vs. FBKWX, FIWDX vs. FTEC, FIWDX vs. FBCG
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Advisor Strategic Income 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 Strategic Income Fund Class Z had a return of 7.05% year-to-date (YTD) and 13.37% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.05% | 25.82% |
| 1 month | 0.27% | 3.20% |
| 6 months | 5.42% | 14.94% |
| 1 year | 13.37% | 35.92% |
| 5 years (annualized) | 2.62% | 14.22% |
| 10 years (annualized) | N/A | 11.43% |
Monthly Returns
The table below presents the monthly returns of FIWDX, 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 | 0.37% | 0.26% | 1.06% | -1.28% | 1.62% | 0.53% | 2.05% | 0.86% | 1.84% | -1.09% | 7.05% | ||
| 2023 | 3.75% | -1.82% | 1.62% | 0.27% | -0.47% | 0.89% | 0.99% | -0.36% | -2.17% | -0.92% | 4.40% | 3.25% | 9.61% |
| 2022 | -1.91% | -1.58% | -1.40% | -3.58% | 0.17% | -4.06% | 3.35% | -1.52% | -4.27% | 0.81% | 3.33% | -1.02% | -11.39% |
| 2021 | -0.09% | 0.11% | -0.24% | 1.10% | 0.45% | 1.08% | 0.61% | 0.60% | -0.64% | 0.21% | -0.41% | -0.78% | 2.00% |
| 2020 | 0.86% | -1.00% | -8.49% | 3.68% | 3.39% | 1.04% | 3.01% | 0.84% | -0.52% | -0.43% | 3.81% | 0.56% | 6.29% |
| 2019 | 3.40% | 0.95% | 0.82% | 0.93% | -0.09% | 2.02% | 0.47% | 0.30% | 0.06% | 0.38% | 0.13% | 0.50% | 10.25% |
| 2018 | -1.12% | -0.29% | -0.63% | -2.03% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FIWDX is 83, placing it in the top 17% 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 Strategic Income Fund Class Z (FIWDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Advisor Strategic Income Fund Class Z provided a 4.37% dividend yield over the last twelve months, with an annual payout of $0.51 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.51 | $0.50 | $0.41 | $0.36 | $0.43 | $0.44 | $0.13 |
Dividend yield | 4.37% | 4.38% | 3.76% | 2.80% | 3.39% | 3.52% | 1.14% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Strategic Income 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 | $0.40 | |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.07 | $0.50 |
| 2022 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.07 | $0.41 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.36 |
| 2020 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.15 | $0.43 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.10 | $0.44 |
| 2018 | $0.03 | $0.04 | $0.07 | $0.13 |
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 Strategic 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 Strategic Income Fund Class Z was 16.65%, occurring on Oct 21, 2022. Recovery took 460 trading sessions.
The current Fidelity Advisor Strategic Income Fund Class Z drawdown is 0.58%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.65% | Sep 16, 2021 | 280 | Oct 21, 2022 | 460 | Aug 14, 2024 | 740 |
| -15.82% | Feb 24, 2020 | 21 | Mar 23, 2020 | 90 | Jul 30, 2020 | 111 |
| -2.82% | Oct 5, 2018 | 55 | Dec 24, 2018 | 17 | Jan 18, 2019 | 72 |
| -1.98% | Feb 12, 2021 | 24 | Mar 18, 2021 | 35 | May 7, 2021 | 59 |
| -1.74% | Sep 3, 2020 | 15 | Sep 24, 2020 | 30 | Nov 5, 2020 | 45 |
Volatility
Volatility Chart
The current Fidelity Advisor Strategic Income Fund Class Z volatility is 0.89%, 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.