Morningstar

Fidelity Advisor Total Bond Fund - Class Z FBKWX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 9.42  /  −0.21 %
  • Total Assets 41.9B
  • Adj. Expense Ratio
    0.360%
  • Expense Ratio 0.360%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 4.51%
  • Effective Duration 5.95 years

USD | NAV as of Aug 15, 2026 | 1-Day Return as of Aug 15, 2026, 4:53 AM GMT+0

Morningstar’s Analysis FBKWX

Will FBKWX 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 FBKWX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

A top-flight, all-weather core-plus option.

Senior Analyst Max Curtin

Max Curtin

Senior Analyst

Summary

Exemplary team planning has helped to secure Fidelity Total Bond’s place among the top intermediate core-plus bond strategies.

by Max Curtin
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FBKWX

More FBKWX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

High Yield Investments Directly Held

10.82 5B
—

United States Treasury Notes 0.03625%

2.66 1B
Government

United States Treasury Notes 0.04125%

2.52 1B
Government

Fidelity Cash Central Fund

2.18 930M
Cash and Equivalents

United States Treasury Notes 0.0425%

2.06 882M
Government

United States Treasury Notes 0.03375%

1.84 785M
Government

United States Treasury Bonds 0.045%

1.65 704M
Government

United States Treasury Notes 0.04%

1.39 595M
Government

United States Treasury Notes 0.03625%

1.36 582M
Government

United States Treasury Notes 0.04%

1.22 522M
Government

Sponsor Center