Morningstar

Fidelity Advisor Tactical Bond Fund - Class Z FBAPX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 8.77  /  −0.23 %
  • Total Assets 44.4M
  • Adj. Expense Ratio
    0.620%
  • Expense Ratio 0.610%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 4.75%
  • Effective Duration 6.38 years

USD | NAV as of Jul 21, 2026 | 1-Day Return as of Jul 21, 2026, 4:55 AM GMT+0

Morningstar’s Analysis FBAPX

Will FBAPX outperform in the 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 FBAPX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FBAPX 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 FBAPX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Fidelity Advisor Tactical Bond Z holds a quantitatively derived Bronze Morningstar Medalist Rating. The rating reflects that it has scored better than the norm on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings FBAPX

More FBAPX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 48.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 0.04375%

12.31 5M
Government

United States Treasury Bonds 0.04125%

10.81 5M
Government

United States Treasury Notes 0.04%

9.22 4M
Government

Cash

8.20 4M
Cash and Equivalents

United States Treasury Notes 0.0425%

3.88 2M
Government

Fidelity Cash Central Fund

3.66 2M
Cash and Equivalents

United States Treasury Notes 0.03875%

3.55 2M
Government

United States Treasury Bonds 0.0425%

2.73 1M
Government

Dominos Pizza Inc. 0.03151%

1.90 837,531
Securitized

Petroleos Mexicanos Sa De CV 0.0769%

1.36 597,025
Corporate

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