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Morningstar

Fidelity Advisor® Corporate Bond A FCBAX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 9.81  /  0.01 %
  • Total Assets 1.7 Bil
  • Adj. Expense Ratio
    0.770%
  • Expense Ratio 0.770%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Corporate Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.29%
  • Effective Duration 7.08 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:12 PM GMT+0

Morningstar’s Analysis FCBAX

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

People Pillar

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

Strength in Fidelity Advisor ® Corporate Bond A's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings FCBAX

More FCBAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 628
  • Other Holdings 5
  • % Assets in Top 10 Holdings 11.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bonds 3.625%

4.72
80,903,344
Government

Fidelity Revere Str Tr

3.39
58,201,719
Cash and Equivalents

United States Treasury Bonds 3.625%

1.68
28,770,860
Government

Cash Offsets For Shorts & Derivatives

0.83
14,263,632
Cash and Equivalents

JPMorgan Chase & Co. 5.717%

0.69
11,894,307
Corporate

Cleco Corporate Holdings LLC 3.743%

0.58
9,942,204
Corporate

The Boeing Company 5.04%

0.58
9,916,239
Corporate

Morgan Stanley 6.342%

0.56
9,627,962
Corporate

Blackstone Private Credit Fund 4.7%

0.55
9,486,836
Corporate

Ares Capital Corporation 2.15%

0.55
9,461,327
Corporate