Morningstar

Fidelity Advisor High Income Advtg I FAHCX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 11.08  /  +0.01 %
  • Total Assets 2.4 Bil
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.940%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 4.97%
  • Effective Duration —

USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:50 PM GMT+0

Morningstar’s Analysis FAHCX

Will FAHCX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FAHCX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FAHCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FAHCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This team checks all the boxes.

Analyst Max Curtin

Max Curtin

Analyst

Summary

Fidelity Advisor High Income Advantage’s robust credit and equity research capabilities have long provided this strategy an edge over peers. Appreciation for the managers’ ability to harness these insights supports a People Pillar upgrade to High from Above Average.

by Max Curtin
Rated on Published on

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Portfolio Holdings FAHCX

More FAHCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Cash Central Fund

13.04 304.4 Mil
Cash and Equivalents

Fidelity Private Cr Co (Unit)

2.12 49.4 Mil
—

NVIDIA Corp

1.15 26.9 Mil
Technology

JPMorgan Chase & Co. 0%

1.06 24.8 Mil
Corporate

Us Lbm Term B 1ln 06/06/31

1.01 23.5 Mil
Corporate

Meta Platforms Inc Class A

0.85 19.8 Mil
Communication Services

Ally Financial Inc. 8%

0.78 18.3 Mil
Corporate

Energy Transfer LP 7.125%

0.73 17.1 Mil
Corporate

PROOFPOINT TERM B 1LN 08/31/28

0.72 16.8 Mil
Corporate

EG Global Finance PLC 12%

0.71 16.5 Mil
Corporate

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