FSIAX: Fidelity® Strategic Income Fund - MutualFunds.com
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Fidelity Advisor® Strategic Income M

FSIAX - Snapshot

Vitals

  • YTD Return 1.0%
  • 3 Yr Annualized Return 5.7%
  • 5 Yr Annualized Return 5.5%
  • Net Assets $16.1 B
  • Holdings in Top 10 22.8%

52 WEEK LOW AND HIGH

$12.72
$12.00
$12.83

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.96%

SALES FEES

  • Front Load 4.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 96.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA $500

Fund Classification


Compare FSIAX to Popular Bond Sector Diversified Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$12.13

-0.08%

$138.90 B

4.21%

$0.51

0.17%

0.62%

$10.41

+0.10%

$40.36 B

2.59%

$0.27

0.39%

0.73%

$8.52

+0.12%

$24.07 B

3.44%

$0.29

1.31%

0.78%

$12.73

+0.08%

$16.06 B

2.11%

$0.27

0.95%

0.96%

$9.46

-0.21%

$12.14 B

4.20%

$0.40

-3.47%

0.93%

FSIAX - Profile

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 3.03%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity® Strategic Income Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Oct 31, 1994
  • Shares Outstanding
    N/A
  • Share Class
    M
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mark Notkin

FSIAX - Performance

Return Ranking - Trailing

Period FSIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -23.4% 26.4% 37.14%
1 Yr 11.2% -33.8% 53.1% 38.47%
3 Yr 5.7%* -10.9% 11.5% 30.30%
5 Yr 5.5%* -13.9% 14.6% 24.80%
10 Yr 4.4%* -1.9% 12.5% 30.68%

* Annualized

Return Ranking - Calendar

Period FSIAX Return Category Return Low Category Return High Rank in Category (%)
2020 2.7% -49.2% 314.3% 38.11%
2019 6.3% -35.1% 15.3% 24.48%
2018 -6.2% -48.0% 3.4% 65.15%
2017 3.6% -14.8% 11.2% 17.75%
2016 5.0% -11.2% 10.7% 20.26%

Total Return Ranking - Trailing

Period FSIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -23.4% 25.9% 37.01%
1 Yr 6.8% -37.6% 53.1% 71.47%
3 Yr 4.2%* -12.6% 11.5% 50.60%
5 Yr 4.6%* -14.9% 14.6% 41.81%
10 Yr 3.9%* -1.9% 12.5% 37.78%

* Annualized

Total Return Ranking - Calendar

Period FSIAX Return Category Return Low Category Return High Rank in Category (%)
2020 2.7% -49.2% 314.3% 38.11%
2019 6.3% -35.1% 15.3% 28.02%
2018 -5.9% -48.0% 8.0% 71.99%
2017 4.5% -14.8% 15.2% 31.81%
2016 5.0% -11.2% 17.7% 39.77%

NAV & Total Return History


FSIAX - Holdings

Concentration Analysis

FSIAX Category Low Category High FSIAX % Rank
Net Assets 16.1 B 1.57 M 139 B 3.67%
Number of Holdings 1839 3 8055 5.74%
Net Assets in Top 10 3.28 B -4.67 B 5.97 B 3.57%
Weighting of Top 10 22.79% 4.2% 100.0% 61.31%

Top 10 Holdings

  1. Fidelity Cent Invt Portfolios 10.01%
  2. Fidelity Revere Str Tr 9.00%
  3. United States Treasury Notes 1.25% 2.77%
  4. Germany (Federal Republic Of) 0% 2.44%
  5. Germany (Federal Republic Of) 0.25% 2.00%
  6. United States Treasury Bonds 2.5% 1.53%
  7. United States Treasury Notes 0.38% 1.51%
  8. Germany (Federal Republic Of) 0% 1.46%
  9. Ally Financial Inc. 8% 1.41%
  10. Germany (Federal Republic Of) 0% 1.32%

Asset Allocation

Weighting Return Low Return High FSIAX % Rank
Bonds
91.23% -148.49% 302.14% 34.82%
Stocks
6.34% -84.00% 190.25% 10.71%
Preferred Stocks
1.07% 0.00% 33.20% 21.56%
Cash
0.92% -210.92% 260.09% 84.57%
Convertible Bonds
0.44% 0.00% 206.37% 72.83%
Other
0.01% -45.66% 106.30% 35.20%

Stock Sector Breakdown

Weighting Return Low Return High FSIAX % Rank
Consumer Cyclical
18.72% 0.00% 100.00% 11.54%
Energy
16.83% 0.00% 100.00% 31.92%
Technology
16.76% 0.00% 47.15% 8.85%
Healthcare
10.19% 0.00% 100.00% 14.81%
Communication Services
9.82% 0.00% 100.00% 20.38%
Industrials
8.37% 0.00% 100.00% 31.73%
Financial Services
6.92% 0.00% 100.00% 45.77%
Consumer Defense
5.27% 0.00% 99.98% 21.35%
Basic Materials
3.91% 0.00% 52.35% 23.65%
Utilities
3.22% 0.00% 100.00% 31.92%
Real Estate
0.00% 0.00% 100.00% 76.92%

Stock Geographic Breakdown

Weighting Return Low Return High FSIAX % Rank
US
5.92% -80.43% 190.25% 9.95%
Non US
0.42% -3.57% 7.42% 12.24%

Bond Sector Breakdown

Weighting Return Low Return High FSIAX % Rank
Corporate
52.96% 0.00% 100.00% 36.73%
Government
36.57% 0.00% 99.63% 9.44%
Cash & Equivalents
9.65% 0.00% 100.00% 43.88%
Securitized
0.79% 0.00% 97.98% 86.48%
Derivative
0.02% 0.00% 67.54% 56.25%
Municipal
0.01% 0.00% 55.87% 35.59%

Bond Geographic Breakdown

Weighting Return Low Return High FSIAX % Rank
US
62.86% -148.77% 209.58% 49.36%
Non US
28.37% 0.00% 105.85% 30.23%

FSIAX - Expenses

Operational Fees

FSIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.01% 6.50% 66.54%
Management Fee 0.55% 0.00% 2.25% 35.45%
12b-1 Fee 0.25% 0.00% 1.00% 41.61%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

FSIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.00% 0.00% 5.75% 46.41%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FSIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FSIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 96.00% 0.00% 498.00% 54.28%

FSIAX - Distributions

Dividend Yield Analysis

FSIAX Category Low Category High FSIAX % Rank
Dividend Yield 0.00% 0.00% 5.30% 63.48%

Dividend Distribution Analysis

FSIAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FSIAX Category Low Category High FSIAX % Rank
Net Income Ratio 3.03% -1.28% 11.44% 56.21%

Capital Gain Distribution Analysis

FSIAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Annually Annually

Dividend Payout History

View More +

FSIAX - Fund Manager Analysis

Managers

Mark Notkin


Start Date

Tenure

Tenure Rank

Apr 30, 1999

22.1

22.1%

Mr. Notkin is a vice president and co-manager of Fidelity Investments. Since joining Fidelity in 1994, he has worked as a research analyst and portfolio manager.

Franco Castagliuolo


Start Date

Tenure

Tenure Rank

Dec 31, 2009

11.42

11.4%

Franco Castagliuolo joined Fidelity Investments in 1997, Mr. Castagliuolo has served as a research associate and portfolio manager.

Ford O'Neil


Start Date

Tenure

Tenure Rank

Jun 15, 2012

8.96

9.0%

Ford O’Neil is a portfolio manager at FMRCo. In this role, Mr. O’Neil manages various retail and institutional taxable bond funds/portfolios. His responsibilities include managing multiple Fidelity and Fidelity Advisor funds and various institutional comingled pools. Prior to assuming his current role, he worked as an analyst focusing on the utility sector from 1990 to 1992. Mr. O’Neil joined Fidelity in 1990 and has been in the investments industry since 1985. He earned his bachelor of arts degree from Harvard College and his MBA from The Wharton School at the University of Pennsylvania.

Adam Kramer


Start Date

Tenure

Tenure Rank

Jul 31, 2017

3.84

3.8%

Adam Kramer is a portfolio manager in the Fixed Income division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing,and other financial products and services to institutions, financial intermediaries, and individuals. In this role, he manages several multi-asset income funds, opportunistic high-yield bond strategies for institutional investors as well as a high income fund available exclusively to Canadian investors.

Sean Corcoran


Start Date

Tenure

Tenure Rank

Dec 08, 2017

3.48

3.5%

Since joined Fidelity Investments in 2001 and has worked as a research analyst and portfolio manager.

Timothy Gill


Start Date

Tenure

Tenure Rank

Dec 31, 2018

2.42

2.4%

Timothy Gill is a portfolio manager in the High Income and Alternatives division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals. In this role, Mr. Gill co-manages Fidelity and Fidelity Advisor Global High Income Funds, Fidelity and Fidelity Advisor Total Emerging Markets Funds, Fidelity and Fidelity Advisor New Markets Income Funds, Fidelity and Fidelity Advisor Strategic Income Funds, Fidelity VIP Strategic Income Portfolio, Fidelity Series Emerging Markets Debt Fund, Fidelity Emerging Markets Debt Central Fund, and various institutional portfolios for U.S. and non-U.S. investors. Prior to assuming his current portfolio management responsibilities, Mr. Gill was an assistant portfolio manager and research analyst on the emerging markets debt team, where he covered a variety of sovereign credits. Additionally, he was also a trader within the High Income division covering emerging market sovereign debt. He has been in the financial industry since joining Fidelity in 2000 in the foreign trade operations group. Mr. Gill earned his bachelor of science degree in business administration from the University of Vermont. He is also a CFA charterholder and a member of CFA Society Boston.

Ario Nejad


Start Date

Tenure

Tenure Rank

Mar 31, 2019

2.17

2.2%

Brian Chang


Start Date

Tenure

Tenure Rank

Oct 31, 2019

1.58

1.6%

Brian Chang is a portfolio manager in the High Income division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing,and other financial products and services to institutions, financial intermediaries, and individuals. In this role, Mr. Chang co-manages multiple High Yield Fidelity Funds, portfolio sleeves and institutional accounts.

Rick Patel


Start Date

Tenure

Tenure Rank

Apr 30, 2020

1.08

1.1%

Rick Patel is a fixed income portfolio manager in Fidelity’s London office. He specialises in global and regional fixed income products, and was a quantitative analyst and key member within the fixed income team for five years prior to moving into an associated portfolio manager role in 2005. After two years, he was promoted to portfolio manager at FIA(UK).

Nader Nazmi


Start Date

Tenure

Tenure Rank

Sep 18, 2020

0.7

0.7%

Nader Nazmi is a research analyst in the High Income and Alternatives division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals. In this role, Mr. Nazmi is responsible for sovereign debt research covering Brazil, Mexico, Argentina, and 18 other Latin American countries that the Emerging Markets Debt team invests in. Prior to joining Fidelity, Mr. Nazmi was managing director, sovereign analyst, and macro strategist on the Emerging Markets Debt team at Wellington Management. Additionally, he has had an extensive career in the financial industry, including positions at: BNP Paribas as director and economist for Latin America, Capital Markets group; Institute of International Finance as deputy director and senior economist, Latin America department; Bank One as director of economic research, Latin America, Banc One Capital Markets; and Central Bank of Ecuador as an international advisor in the research department. Mr. Nazmi has also held several positions in academia, including: senior fellow and visiting professor in the Center for Latin America Studies at Georgetown University; Hollender professor and chairperson of the economics department at Lake Forest College; visiting scholar at the Center for Research on Economic Development at the University of Michigan; and Fulbright Scholar at the University of Sao Paulo. He has been in the financial industry since 1998. Mr. Nazmi earned his bachelor of science degree in economics, summa cum laude, Phi Beta Kappa, from Iowa State University, and both his master's and doctorate degrees in economics from the University of Illinois. He also holds the Financial Industry Regulatory Authority (FINRA) Series 2, 7, 24, and 65 licenses. Additionally, his extensive research in economics and international finance have been published in academic journals, editorial contributions, and a book.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 27.43 5.5 2.19