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
US3158074209
Oct 2, 2018
$0
Expense Ratio
FIWDX has an expense ratio of 0.61%, 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 Strategic Income Fund Class Z (FIWDX) returned 1.66% year-to-date (YTD) and 6.63% over the past 12 months.
FIWDX
1.66%
2.71%
1.15%
6.63%
3.74%
N/A
^GSPC (Benchmark)
-0.64%
8.97%
-2.62%
11.90%
15.76%
10.69%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.03% | 0.90% | -1.11% | 0.42% | 0.43% | 1.66% | |||||||
| 2024 | 0.37% | 0.26% | 1.06% | -1.28% | 1.62% | 0.53% | 2.05% | 0.86% | 1.83% | -1.09% | 1.29% | -1.09% | 6.51% |
| 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
With an overall rank of 91, FIWDX is among the top 9% 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 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.
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Dividends
Dividend History
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 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 454 trading sessions.
The current Fidelity Advisor Strategic Income Fund Class Z drawdown is 0.27%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.65% | Sep 16, 2021 | 278 | Oct 21, 2022 | 454 | Aug 14, 2024 | 732 |
| -15.82% | Feb 24, 2020 | 21 | Mar 23, 2020 | 90 | Jul 30, 2020 | 111 |
| -2.9% | Mar 3, 2025 | 27 | Apr 8, 2025 | — | — | — |
| -2.82% | Oct 5, 2018 | 55 | Dec 24, 2018 | 17 | Jan 18, 2019 | 72 |
| -2.43% | Dec 9, 2024 | 23 | Jan 13, 2025 | 32 | Feb 28, 2025 | 55 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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