Fidelity Advisor Government Income Fund Class I (FVIIX)
The fund normally invests at least 80% of assets in U.S. government securities and repurchase agreements for those securities. It invests in U.S. government securities issued by entities that are chartered or sponsored by Congress but whose securities are neither issued nor guaranteed by the U.S. Treasury. The fund invests in instruments related to U.S. government securities. It allocates assets across different market sectors and maturities.
Fund Info
US31617K7413
Oct 24, 2006
$0
Expense Ratio
FVIIX features an expense ratio of 0.49%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Advisor Government Income Fund Class I, 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 Government Income Fund Class I had a return of 0.02% year-to-date (YTD) and 0.55% in the last 12 months. Over the past 10 years, Fidelity Advisor Government Income Fund Class I had an annualized return of 0.30%, while the S&P 500 had an annualized return of 11.01%, indicating that Fidelity Advisor Government Income Fund Class I did not perform as well as the benchmark.
FVIIX
0.02%
-0.88%
-0.05%
0.55%
-1.29%
0.30%
^GSPC (Benchmark)
23.11%
-0.36%
7.02%
23.15%
12.80%
11.01%
Monthly Returns
The table below presents the monthly returns of FVIIX, 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 | -0.01% | -1.38% | 0.44% | -2.33% | 1.52% | 1.00% | 2.44% | 1.19% | 1.41% | -2.59% | 0.66% | 0.02% | |
| 2023 | 2.98% | -2.49% | 2.72% | 0.32% | -1.00% | -0.67% | -0.34% | -0.66% | -2.76% | -1.36% | 4.16% | 3.33% | 4.01% |
| 2022 | -1.71% | -0.80% | -3.11% | -3.21% | 0.49% | -1.13% | 1.98% | -2.71% | -4.07% | -1.48% | 3.18% | -0.85% | -12.85% |
| 2021 | -0.64% | -1.51% | -1.34% | 0.64% | 0.15% | 0.60% | 1.14% | -0.15% | -0.97% | -0.13% | 0.62% | -0.51% | -2.12% |
| 2020 | 2.18% | 2.19% | 2.41% | 0.63% | -0.28% | 0.06% | 0.88% | -0.90% | 0.15% | -1.73% | 0.33% | -0.47% | 5.49% |
| 2019 | 0.50% | -0.31% | 1.89% | -0.30% | 2.25% | 0.75% | -0.02% | 2.76% | -0.67% | 0.13% | -0.23% | -0.59% | 6.27% |
| 2018 | -1.29% | -0.64% | 0.60% | -0.57% | 0.77% | -0.10% | -0.17% | 0.57% | -0.73% | -0.53% | 0.79% | 2.01% | 0.68% |
| 2017 | 0.25% | 0.33% | 0.05% | 0.63% | 0.63% | -0.24% | 0.24% | 0.92% | -0.72% | -0.15% | -0.15% | 0.26% | 2.07% |
| 2016 | 1.69% | 0.79% | 0.13% | 0.03% | -0.05% | 1.83% | 0.31% | -0.44% | 0.12% | -1.28% | -2.45% | -0.34% | 0.28% |
| 2015 | 2.12% | -1.19% | 0.49% | -0.27% | -0.27% | -0.84% | 0.79% | -0.08% | 0.69% | -0.23% | -0.35% | -0.37% | 0.42% |
| 2014 | 1.63% | 0.23% | -0.16% | 0.62% | 0.92% | 0.04% | -0.25% | 1.00% | -0.44% | 0.90% | 0.70% | 0.08% | 5.39% |
| 2013 | -0.56% | 0.48% | 0.00% | 0.67% | -1.59% | -1.25% | -0.09% | -0.57% | 0.99% | 0.42% | -0.16% | -0.95% | -2.62% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FVIIX is 6, meaning it’s performing worse than 94% of other 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 Government Income Fund Class I (FVIIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Advisor Government Income Fund Class I provided a 3.01% dividend yield over the last twelve months, with an annual payout of $0.27 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.23 | $0.14 | $0.08 | $0.12 | $0.22 | $0.21 | $0.18 | $0.16 | $0.25 | $0.19 | $0.14 |
Dividend yield | 3.01% | 2.51% | 1.57% | 0.73% | 1.06% | 2.07% | 2.03% | 1.76% | 1.59% | 2.37% | 1.84% | 1.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Government Income Fund Class I. 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 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.24 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.23 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.14 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.02 | $0.08 |
| 2020 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.22 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2017 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.16 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 | $0.01 | $0.03 | $0.25 |
| 2014 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.03 | $0.19 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.14 |
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 Government Income Fund Class I. 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 Government Income Fund Class I was 20.61%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Fidelity Advisor Government Income Fund Class I drawdown is 13.73%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.61% | Aug 5, 2020 | 813 | Oct 19, 2023 | — | — | — |
| -5.46% | Jul 11, 2016 | 112 | Dec 15, 2016 | 573 | Mar 27, 2019 | 685 |
| -4.59% | May 3, 2013 | 87 | Sep 5, 2013 | 232 | Aug 7, 2014 | 319 |
| -3.85% | Nov 5, 2010 | 65 | Feb 8, 2011 | 77 | May 31, 2011 | 142 |
| -3.75% | Mar 10, 2020 | 8 | Mar 19, 2020 | 9 | Apr 1, 2020 | 17 |
Volatility
Volatility Chart
The current Fidelity Advisor Government Income Fund Class I volatility is 1.71%, 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.