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Morningstar

Fidelity Advisor® Mortgage Securities A FMGAX

Morningstar Analyst Rating
Analyst rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 10.14  /  0.09 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    0.790%
  • Expense Ratio 0.790%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 1.53%
  • Effective Duration 5.88 years

USD | NAV as of Feb 02, 2023 | 1-Day Return as of Feb 02, 2023, 11:13 PM GMT+00:00

Morningstar’s Analysis FMGAX

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

People Pillar

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

This mortgage offering’s risk-aware approach sets it apart.

Analyst

Summary

| by Sam Kulahan

Fidelity Mortgage Securities benefits from an experienced and well-resourced team along with a risk-conscious approach. Its cheapest share class earns a Morningstar Analyst Rating of Bronze, while its pricier shares range from Neutral to Negative.

Unlock our full analysis with Morningstar Investor