Fidelity Advisor® Mortgage Securities Fund

Scorecard
2 / 5 Stars
Lipper
1 1 5 4 5
Zacks Investment Research
2 (Buy)
Standard & Poor's
2 / 5 Stars
TheStreet.com
C- (Hold)

U.S. News evaluated 278 Intermediate-Term Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned -1.23 percent over the past year, 2.25 percent over the past three years, 3.98 percent over the past five years, and 2.65 percent over the past decade.

Trailing Returns Updated 03.31.2014
Year to date 1.5%
1 Year -1.2%
3 Years (Annualized) 2.2%
5 Years (Annualized) 4.0%
10 Years (Annualized) 2.6%

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Summary

The investment seeks a high level of current income, consistent with prudent investment risk. The fund normally invests at least 80% of assets in investment-grade mortgage-related securities (those of medium and high quality) and repurchase agreements for those securities. It invests in U.S. government securities and instruments related to U.S. government securities. The fund 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. It invests in lower-quality debt securities. The fund invests in Fidelity's central funds.

Fees

Fees are High compared to funds in the same category.
Fidelity Advisor® Mortgage Securities Fund has an expense ratio of 1.52 percent.

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Risk

Risk is Low compared to funds in the same category according to Morningstar.

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