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Fidelity Advisor Limited Term Bond I EFIPX

Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 11.29  /  −0.17 %
  • Total Assets 2.0 Bil
  • Adj. Expense Ratio
    0.300%
  • Expense Ratio 0.300%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment
  • Status Open
  • TTM Yield 2.85%
  • Effective Duration 2.53 years

USD | NAV as of Jul 19, 2024 | 1-Day Return as of Jul 19, 2024, 10:13 PM GMT+0

Morningstar’s Analysis EFIPX

Will EFIPX outperform in future?

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

Changes to mandate and comanager addition at Fidelity Limited Term Bond; ratings unchanged

null Saraja Samant

Saraja Samant

Analyst Note

Effective Feb. 28, 2024, Fidelity Limited Term Bond Fund and Fidelity Limited Term Bond ETF will modify their investment strategies to allow each fund the ability to invest up to 20% of assets in non-investment-grade securities from their current 5% limit. The funds' internal composite benchmark (80% Bloomberg US 1-5 Year Credit Bond Index and 20% Bloomberg US 1-5 Year Government Bond Index), which defines their neutral allocations, will be modified to add a 10% high-yield component and reduce the investment-grade credit stake to 70%. Increasing the high-yield credit guardrails gives this team more flexibility but could result in slightly higher volatility compared with its historical risk profile. In response, the team is adding Alexandre Karam as a comanager for each of the funds to oversee the high-yield sleeve. With more than a decade of experience, Karam joined Fidelity in 2016 and is currently a portfolio manager on the firm’s high-income division. This mandate change and additional named comanager do not alter our view; both funds retain their Above Average People and Process ratings.

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Portfolio Holdings EFIPX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 11.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 4.625%

4.72 98.0 Mil
Government

Fidelity Cash Central Fund

1.94 40.2 Mil
Cash and Equivalents

United States Treasury Notes 4.125%

1.14 23.6 Mil
Government

BPCE SA 1.652%

0.90 18.8 Mil
Corporate

Barclays PLC 2.852%

0.88 18.3 Mil
Corporate

Bank of America Corp. 1.319%

0.73 15.2 Mil
Corporate

Volkswagen Group of America Finance LLC 1.25%

0.68 14.0 Mil
Corporate

MPLX LP 1.75%

0.67 14.0 Mil
Corporate

Republic Services, Inc. 0.875%

0.67 14.0 Mil
Corporate

JPMorgan Chase & Co. 1.045%

0.67 14.0 Mil
Corporate