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Morningstar

Fidelity Advisor® Corporate Bond M FCBTX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 10.23  /  0.38 %
  • Total Assets 1.7 Bil
  • Adj. Expense Ratio
    0.840%
  • Expense Ratio 0.840%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Corporate Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.46%
  • Effective Duration 6.58 years

USD | NAV as of Dec 08, 2023 | 1-Day Return as of Dec 08, 2023, 11:15 PM GMT+0

Morningstar’s Analysis FCBTX

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

People Pillar

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

Strength in Fidelity Advisor ® Corporate Bond M'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
Rated on Published on

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Portfolio Holdings FCBTX

More FCBTX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 637
  • Other Holdings 5
  • % Assets in Top 10 Holdings 9.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bonds 3.625%

3.87
60,881,391
Government

Fidelity® Cash Central Fund

1.60
25,229,834
Cash and Equivalents

Cash Offsets For Shorts & Derivatives

0.83
13,083,632
Cash and Equivalents

United States Treasury Bonds 4.125%

0.74
11,694,258
Government

JPMorgan Chase & Co. 5.717%

0.70
10,969,591
Corporate

Cleco Corporate Holdings LLC 3.743%

0.63
9,891,555
Corporate

The Boeing Company 5.04%

0.62
9,681,025
Corporate

Blackstone Private Credit Fund 4.7%

0.60
9,497,216
Corporate

Ares Capital Corp. 2.15%

0.60
9,485,562
Corporate

Morgan Stanley 6.342%

0.56
8,877,328
Corporate