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 C FAHEX
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.
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 FAHEX 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 FAHEX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FAHEX 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 FAHEX’s parent organization’s priorities and whether they’re in line with investors’ interests.