Mark Notkin and Brian Chang have led Fidelity Advisor High Income Advantage for a year, but came with all the ingredients to perpetuate the success of the strategy. This fund's cheapest share classes carry Morningstar Analyst Ratings of Silver and Bronze, while its more expensive classes are rated Neutral.
Fidelity Advisor® High Income Advtg I FAHCX
NAV / 1-Day Return
11.62
/
0.69
%
Total Assets
1.7 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.750%
Expense Ratio
0.750%
Fee Level
Above Average
Longest Manager Tenure
1.42
years
Category
High Yield Bond
Credit Quality / Interest Rate Sensitivity
—Min. Initial Investment
0
Status
Open
TTM Yield
3.68%
Effective Duration
—
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
True to form, painful stumbles followed by eye-popping recovery.
