Fidelity Advisor Strategic Income Fund (FADMX)
Fidelity Advisor Strategic Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $12.17, up 0.16% on the session, giving a market capitalisation of $16.11B. Its beta of 0.76 implies it has historically moved less than the broad market.
This fund primarily aims to generate a substantial level of current income, while also potentially seeking growth in its capital value. It principally invests in debt instruments, including those considered lower quality, often termed high-yield or junk bonds, due to their below-investment-grade rating. The fund strategically distributes its assets across four broad categories: high-yield securities, U.S. government and other investment-grade fixed income, debt from emerging markets, and securities from developed foreign markets.
Fidelity Advisor Strategic Income Fund is most often compared with the following Financial Services names: