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Morningstar

Fidelity Advisor® Mortgage Securities M FMSAX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 9.21  /  0.96 %
  • Total Assets 465.3 Mil
  • 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 —
  • Status Open
  • TTM Yield 2.89%
  • Effective Duration 5.92 years

USD | NAV as of Oct 02, 2023 | 1-Day Return as of Oct 02, 2023, 10:16 PM GMT+0

Morningstar’s Analysis FMSAX

Will FMSAX 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 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.

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

Senior Analyst Sam Kulahan

Sam Kulahan

Senior Analyst

Summary

Fidelity Mortgage Securities’ experienced managers adopt a well-executed, conservative approach to the mortgage market.

by Sam Kulahan
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FMSAX

More FMSAX Holdings
  • Current Portfolio Date
  • Equity Holdings 2
  • Bond Holdings 1364
  • Other Holdings 14
  • % Assets in Top 10 Holdings 21.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Government National Mortgage Association 2.5%

3.39
16,704,282
Securitized

Federal Home Loan Mortgage Corporation 3.5%

2.30
11,357,646
Securitized

Federal National Mortgage Association 2%

2.29
11,280,342
Securitized

Government National Mortgage Association 3%

2.12
10,463,595
Securitized

Lch Ois Sofrv3.75% Mac 9/20/28

2.12
10,460,002
Government

Government National Mortgage Association 3.5%

2.02
9,942,102
Securitized

Fnma Pass-Thru I 2%

1.90
9,362,998
Securitized

Fidelity® Cash Central Fund

1.86
9,168,843
Cash and Equivalents

Government National Mortgage Association 5.5%

1.79
8,812,390
Securitized

Federal National Mortgage Association 5.5%

1.78
8,791,531
Securitized