About FCEPX
Fidelity Advisor Total Bond Fund - Class C is an open-end mutual fund that aims to provide a high level of current income through diversified investments across the U.S. bond market. Classified as an intermediate core-plus bond fund, it primarily allocates at least 80% of its assets to a broad mix of investment-grade debt securities, including U.S. government, corporate, and securitized bonds. The fund maintains moderate credit quality and interest rate sensitivity, targeting an effective duration of around 6 years, which positions it in the mid-range for risk versus return in the fixed income universe. In addition to its core holdings, the fund possesses flexibility to invest up to 20% in below-investment-grade (high-yield) bonds, as well as bank loans and emerging market debt, enabling a broader opportunity set than typical core bond funds. Managed by an experienced team, the fund is designed to serve as a foundational fixed income component within a diversified portfolio, offering both income generation and a measure of stability against equity market volatility. Regular distributions occur monthly, reflecting its income-focused mandate, and the fund holds thousands of securities to enhance diversification within the bond market landscape.
Fund Family Fidelity
Category Intermediate Core-Plus Bond
Performance Rating Below Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol FCEPX
Share Class Class C
Index Bloomberg U.S. Aggregate Bond TR
FCEPX had a total return of -2.95% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.55%.
