Morningstar

Fidelity Advisor Mortgage Securities Fund - Class M FMSAX

Morningstar Medalist Rating
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Medalist Rating as of See Fidelity Investment Hub
  • NAV / 1-Day Return$9.54  /  −0.63%
  • Fund Size$664.7M
  • Adjusted Expense Ratio0.810%
  • Net Expense Ratio0.810%
  • Fee Level: DistributionAverage
  • Share Class TypeFront Load
  • Morningstar CategoryGovernment Mortgage-Backed Bond
  • Fixed-Income Style Box (Funds)High/Moderate
  • Minimum Initial Investment$0
  • Investment StatusOpen
  • TTM Yield3.69%
  • Average Effective Duration5.76 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FMSAX

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

  • People Pillar

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

A compelling diversified mortgage offering.

Senior Analyst Max Curtin

Max Curtin

Senior Analyst

Summary

Fidelity Mortgage Securities’ combination of experienced structured product investors and strong quantitative capabilities continue to inspire confidence.

by Max Curtin
Rated on Published on

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Portfolio Holdings FMSAX

More FMSAX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings25.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Government National Mortgage Association 5.5%

5.3737M
Securitized

Government National Mortgage Association 5%

3.7726M
Securitized

Federal National Mortgage Association 2%

3.2222M
Securitized

Federal National Mortgage Association 2%

3.1422M
Securitized

Government National Mortgage Association 6%

2.7419M
Securitized

Federal National Mortgage Association 3.5%

1.6411M
Securitized

Government National Mortgage Association 5.5%

1.6311M
Securitized

Federal Home Loan Mortgage Corp. 5%

1.5811M
Securitized

Federal Home Loan Mortgage Corp. 3.5%

1.148M
Securitized

Government National Mortgage Association 4.5%

1.128M
Securitized

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