FMSAX – Fidelity Advisor Mortgage Securities M Investment Strategy | Morningstar

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Strategy

The investment seeks a high level of current income, consistent with prudent investment risk. The fund normally invests at least 80% of assets in investment-grade mortgage-related securities (those of medium and high quality) and repurchase agreements for those securities. It invests in U.S. government securities and instruments related to U.S. government securities. The fund invests in U.S. government securities issued by entities that are chartered or sponsored by Congress but whose securities are neither issued nor guaranteed by the U.S. Treasury.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FMSFX	Fidelity Mortgage Securities Fund	No Load	Open			Dec 31, 1984	$327.93M	0.450%	Below Average	$0	−$28.20M
FMSCX	Fidelity Advisor Mortgage Securities Fund - Class I	Institutional	Open			Mar 3, 1997	$156.08M	0.600%	Above Average	$0	$5.95M
FIKUX	Fidelity Advisor Mortgage Securities Fund - Class Z	Institutional	Open			Oct 2, 2018	$184.30M	0.360%	Low	$0	$51.58M
FMSAX	Fidelity Advisor Mortgage Securities Fund - Class M	Front Load	Open			Mar 3, 1997	$4.99M	0.810%	Average	$0	−$1.57M
FMGAX	Fidelity Advisor Mortgage Securities Fund - Class A	Front Load	Open			Mar 3, 1997	$14.30M	0.810%	Average	$0	−$2.28M
FOMCX	Fidelity Advisor Mortgage Securities Fund - Class C	Level Load	Open			Aug 16, 2001	$941,660.00	1.600%	Above Average	$0	−$40,938.83

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