Morningstar

Fidelity Advisor Strategic Income Fund - Class A FSTAX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 11.98  /  +0.08 %
  • Total Assets 16.0B
  • Adj. Expense Ratio
    0.930%
  • Expense Ratio 0.930%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 4.02%
  • Effective Duration 4.04 years

USD | NAV as of Jul 22, 2026 | 1-Day Return as of Jul 22, 2026, 4:51 AM GMT+0

Morningstar’s Analysis FSTAX

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

  • People Pillar

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

A winning playbook.

Senior Analyst Max Curtin

Max Curtin

Senior Analyst

Summary

Exemplary team planning keeps Fidelity Strategic Income positioned among the best multisector-bond strategies.

by Max Curtin
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FSTAX

More FSTAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 23.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Cash Central Fund

9.69 2B
Cash and Equivalents

Cash

6.45 1B
Cash and Equivalents

United States Treasury Notes 0.035%

4.85 761M
Government

Us 10yr Note F (Cbt)jun26 Tym6

3.99 626M
Government

Us Ultra Bond Cbt F Jun26 Wnm6

3.65 573M
Government

United States Treasury Notes 0.035%

2.92 458M
Government

United States Treasury Notes 0.01125%

1.80 283M
Government

United States Treasury Notes 0.04%

1.41 221M
Government

United Kingdom of Great Britain and Northern Ireland 0.04125%

1.36 214M
Government

Germany (Federal Republic Of) 0.029%

1.21 190M
Government

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