Fidelity Advisor Strategic Income Fund Class A (FSTAX)

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Fidelity Advisor Strategic Income Fund Class A (FSTAX) is up 3.3% since the beginning of the year. FSTAX is currently trading at $12 per share. Investors who bought $1,000 worth of FSTAX shares 5 years ago would now be looking at an investment worth $1,144.

Fidelity Advisor Strategic Income Fund Class A (FSTAX) has returned 3.28% so far this year and 8.93% over the past 12 months. Over the last ten years, FSTAX has returned 4.07% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.

Based on dividend-adjusted daily data since Oct 31, 1994, FSTAX's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, an investment would double in approximately 32.1 years.

Historically, 60% of months were positive and 40% were negative. The best month was Apr 2009 with a return of +5.1%, while the worst month was Oct 2008 at -10.7%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 7 months.

On a daily basis, FSTAX closed higher 41% of trading days. The best single day was Apr 28, 1995 with a return of +3.1%, while the worst single day was Mar 18, 2020 at -3.4%.

Fidelity Advisor Strategic Income Fund Class A has an annualized alpha of 1.33%, beta of 0.07, and R2 of 0.12 versus S&P 500 Index. Calculated based on daily prices since October 31, 1994.

• This fund participated in 29.83% of S&P 500 Index downside but only 21.00% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.07 may look defensive, but with R2 of 0.12 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.12 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FSTAX has a high expense ratio of 0.97%, indicating above-average management fees.

FSTAX ranks 84 for risk / return — in the top 84% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Fidelity Advisor Strategic Income Fund Class A provided a 4.00% dividend yield over the last twelve months, with an annual payout of $0.49 per share.

The table displays the monthly dividend distributions for Fidelity Advisor Strategic Income Fund Class A. 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 Strategic Income Fund Class A. 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 A was 23.29%, occurring on Nov 21, 2008. Recovery took 218 trading sessions.

The current Fidelity Advisor Strategic Income Fund Class A drawdown is 0.08%.

The chart below shows the rolling one-month volatility.