Morningstar

Fidelity Advisor High Income Fund - Class M FGRMX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 8.11  /  −0.12 %
  • Total Assets 3.0B
  • Adj. Expense Ratio
    0.950%
  • Expense Ratio 0.950%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 6.14%
  • Effective Duration —

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 4:47 AM GMT+0

Morningstar’s Analysis FGRMX

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

  • People Pillar

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

Back on track.

Senior Analyst Max Curtin

Max Curtin

Senior Analyst

Summary

Strong bond-picking and prudent portfolio construction have contributed to Fidelity High Income’s sharp rebound.

by Max Curtin
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FGRMX

More FGRMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Cash Central Fund

5.73 172M
Cash and Equivalents

United States Treasury Notes 0.04%

2.26 68M
Government

New Fortr Tm B 1ln 10/28

0.65 19M
Corporate

Well Health Technologies Corp 9.91774%

0.54 16M
Corporate

1261229 Bc Ltd. 0.1%

0.53 16M
Corporate

CoreWeave Inc. 0.09%

0.50 15M
Corporate

Oracle Corp. 0.036%

0.49 15M
Corporate

Artera Services LLC 0.085%

0.48 15M
Corporate

Csc Servicew Tm Ex Flso 1 9/30

0.48 14M
Corporate

Prior Rno Property Owner 1 LLC 0.065%

0.48 14M
Corporate

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