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Morningstar

Fidelity Advisor® Mortgage Securities I FMSCX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 9.53  /  0.31 %
  • Total Assets 415.1 Mil
  • Adj. Expense Ratio
    0.520%
  • Expense Ratio 0.520%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.97%
  • Effective Duration 6.12 years

USD | NAV as of Nov 30, 2023 | 1-Day Return as of Nov 30, 2023, 11:15 PM GMT+0

Morningstar’s Analysis FMSCX

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

People Pillar

The People Pillar is our evaluation of the FMSCX 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 FMSCX’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 FMSCX

More FMSCX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 1384
  • Other Holdings 14
  • % Assets in Top 10 Holdings 23.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal National Mortgage Association 2%

3.83
17,814,944
Securitized

Government National Mortgage Association 2%

3.42
15,934,896
Securitized

Federal National Mortgage Association 6.5%

2.38
11,052,578
Securitized

Federal Home Loan Mortgage Corporation 3.5%

2.33
10,841,399
Securitized

Government National Mortgage Association 2.5%

2.03
9,458,417
Securitized

Fnma Pass-Thru I 2%

1.95
9,072,243
Securitized

Government National Mortgage Association 5.5%

1.86
8,637,481
Securitized

Government National Mortgage Association 3%

1.78
8,262,597
Securitized

Federal National Mortgage Association 1.5%

1.77
8,219,647
Securitized

Government National Mortgage Association 3.5%

1.67
7,753,075
Securitized