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 has an expense ratio of 0.49%, 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 Government Income Fund Class I (FVIIX) returned 1.46% year-to-date (YTD) and 4.35% over the past 12 months. Over the past 10 years, FVIIX returned 0.45% annually, underperforming the S&P 500 benchmark at 10.77%.
FVIIX
1.46%
0.00%
1.38%
4.35%
-2.31%
0.45%
^GSPC (Benchmark)
0.08%
9.75%
-1.63%
12.74%
15.66%
10.77%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.59% | 2.26% | 0.06% | 0.22% | -1.63% | 1.46% | |||||||
| 2024 | 0.00% | -1.38% | 0.44% | -2.33% | 1.52% | 1.00% | 2.44% | 1.19% | 1.42% | -2.59% | 0.65% | -1.38% | 0.83% |
| 2023 | 2.98% | -2.49% | 2.71% | 0.32% | -1.00% | -0.67% | -0.34% | -0.66% | -2.76% | -1.36% | 4.16% | 3.33% | 4.00% |
| 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 | 2.17% | 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% | -0.52% | 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% | 0.27% | 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% | 0.78% | -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% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FVIIX is 57, indicating average performance compared to other mutual funds on our website. Here’s 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.
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Dividends
Dividend History
Fidelity Advisor Government Income Fund Class I provided a 3.79% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.33 | $0.23 | $0.14 | $0.08 | $0.12 | $0.22 | $0.21 | $0.18 | $0.16 | $0.25 | $0.19 |
Dividend yield | 3.79% | 3.72% | 2.51% | 1.57% | 0.73% | 1.06% | 2.07% | 2.03% | 1.76% | 1.59% | 2.37% | 1.84% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.02 | $0.03 | $0.03 | $0.00 | $0.10 | |||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.33 |
| 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 |
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 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 11.76%.
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 chart below shows the rolling one-month volatility.
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