3 / 5 Stars
5 4 1 3 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
#41 in High Yield Bond
U.S. News evaluated 174 High Yield Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 7.69 percent over the past year, 7.84 percent over the past three years, 20.31 percent over the past five years, and 8.10 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-0.3%|
|3 Years (Annualized)||7.8%|
|5 Years (Annualized)||20.3%|
|10 Years (Annualized)||8.1%|
The investment seeks a combination of a high level of income and the potential for capital gains. The fund invests primarily in income-producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities. It invests in non-income producing securities, including defaulted securities and common stocks. The fund invests up to 20% of total assets in common stocks. It invests in companies in troubled or uncertain financial condition. The fund uses fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.
Fees are Above Average compared to funds in the same category.
Fidelity Advisor High Income Advantage Fund has an expense ratio of 1.02 percent.
Risk is High compared to funds in the same category according to Morningstar.