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Fidelity Advisor Strategic Income Fund Class M (FS...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fidelity Advisor Strategic Income Fund Class M (FSIAX)

Mutual Fund · Currency in USD · Last updated May 14, 2025

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

US3159205042

Issuer

Fidelity

Inception Date

Oct 31, 1994

Category

Total Bond Market

Min. Investment

$0

Asset Class

Bond

Expense Ratio

FSIAX has a high expense ratio of 0.96%, indicating above-average management fees.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Popular comparisons:
FSIAX vs. FFFFX FSIAX vs. VOO FSIAX vs. FSMEX FSIAX vs. FSPGX FSIAX vs. VBR FSIAX vs. FZROX FSIAX vs. PRDGX FSIAX vs. FSKAX
Popular comparisons:
FSIAX vs. FFFFX FSIAX vs. VOO FSIAX vs. FSMEX FSIAX vs. FSPGX FSIAX vs. VBR FSIAX vs. FZROX FSIAX vs. PRDGX FSIAX vs. FSKAX

Performance

Performance Chart

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Returns By Period

Fidelity Advisor Strategic Income Fund Class M (FSIAX) returned 1.34% year-to-date (YTD) and 5.99% over the past 12 months. Over the past 10 years, FSIAX returned 3.28% annually, underperforming the S&P 500 benchmark at 10.77%.

FSIAX

YTD

1.34%

1M

2.41%

6M

1.11%

1Y

5.99%

5Y*

3.98%

10Y*

3.28%

^GSPC (Benchmark)

YTD

0.08%

1M

9.75%

6M

-1.63%

1Y

12.74%

5Y*

15.66%

10Y*

10.77%

*Annualized

Monthly Returns

The table below presents the monthly returns of FSIAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20251.01%0.88%-1.16%0.09%0.53%1.34%
20240.40%0.22%0.98%-1.38%1.61%0.54%2.01%0.88%1.79%-1.14%1.22%-1.09%6.13%
20233.74%-1.79%1.52%0.27%-0.54%0.87%0.88%-0.31%-2.20%-0.91%4.25%3.30%9.21%
2022-2.05%-1.44%-1.37%-3.64%0.10%-4.07%3.40%-1.61%-4.28%0.69%3.34%-1.03%-11.64%
2021-0.12%0.38%-0.36%1.17%0.43%0.98%0.66%0.50%-0.68%0.26%-0.45%0.78%3.59%
20200.84%-0.89%-8.48%3.51%3.41%1.02%3.02%0.74%-0.56%-0.39%3.75%1.71%7.30%
20193.41%0.85%0.88%0.82%-0.12%2.01%0.44%0.28%0.02%0.26%0.17%1.29%10.76%
20180.72%-1.08%-0.16%-0.16%-0.08%-0.50%0.85%0.02%0.18%-1.72%-0.33%-0.67%-2.93%
20171.38%1.15%-0.23%1.16%0.99%0.15%1.30%0.80%0.07%0.31%0.15%0.10%7.55%
2016-0.95%0.89%3.04%1.83%0.11%1.12%2.05%1.10%0.50%-0.81%-1.58%1.02%8.53%
20150.77%0.96%-0.02%1.05%-0.23%-1.15%-0.07%-1.16%-1.37%1.76%-1.03%-1.38%-1.92%
20140.48%1.85%0.31%0.95%1.28%0.93%-0.91%0.93%-1.89%1.01%-0.18%-1.19%3.55%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 90, FSIAX is among the top 10% 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.

The Risk-Adjusted Performance Rank of FSIAX is 9090
Overall Rank
The Sharpe Ratio Rank of FSIAX is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of FSIAX is 9090
Sortino Ratio Rank
The Omega Ratio Rank of FSIAX is 8888
Omega Ratio Rank
The Calmar Ratio Rank of FSIAX is 9393
Calmar Ratio Rank
The Martin Ratio Rank of FSIAX is 8888
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Fidelity Advisor Strategic Income Fund Class M (FSIAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Fidelity Advisor Strategic Income Fund Class M Sharpe ratios as of May 14, 2025 (values are recalculated daily):

  • 1-Year: 1.53
  • 5-Year: 0.90
  • 10-Year: 0.74
  • All Time: 1.40

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Fidelity Advisor Strategic Income Fund Class M compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

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Dividends

Dividend History

Fidelity Advisor Strategic Income Fund Class M provided a 3.81% dividend yield over the last twelve months, with an annual payout of $0.44 per share.

2.50%3.00%3.50%4.00%4.50%5.00%$0.00$0.10$0.20$0.30$0.40$0.50$0.6020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.44$0.45$0.45$0.36$0.31$0.39$0.39$0.39$0.35$0.38$0.39$0.61

Dividend yield

3.81%3.92%4.05%3.37%2.44%3.06%3.18%3.40%2.88%3.23%3.46%5.09%

Monthly Dividends

The table displays the monthly dividend distributions for Fidelity Advisor Strategic Income Fund Class M. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.04$0.03$0.04$0.04$0.00$0.14
2024$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.03$0.04$0.04$0.05$0.45
2023$0.04$0.03$0.03$0.03$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.07$0.45
2022$0.02$0.02$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.06$0.36
2021$0.03$0.02$0.03$0.03$0.02$0.02$0.03$0.02$0.02$0.02$0.02$0.04$0.31
2020$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.15$0.39
2019$0.03$0.03$0.04$0.03$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.10$0.39
2018$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
2017$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.35
2016$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.38
2015$0.03$0.04$0.04$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.39
2014$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.03$0.03$0.22$0.61

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 M. 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 M was 17.80%, occurring on Nov 21, 2008. Recovery took 137 trading sessions.

The current Fidelity Advisor Strategic Income Fund Class M drawdown is 0.55%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-17.8%May 22, 2008128Nov 21, 2008137Jun 11, 2009265
-15.85%Feb 24, 202021Mar 23, 202091Jul 31, 2020112
-15.52%Sep 16, 2021280Oct 21, 2022450Jul 31, 2024730
-8.1%May 5, 199883Aug 27, 1998158Apr 6, 1999241
-6.8%Apr 28, 2015185Jan 20, 201670Apr 29, 2016255

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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