About FEPAX
Fidelity Advisor Total Bond Fund Class A is an open-end mutual fund specializing in fixed income investments. Its primary objective is to provide a high level of current income by investing at least 80% of assets in a diverse mix of debt securities, including U.S. government, investment-grade, high-yield, and emerging market bonds, as well as repurchase agreements. The fund strategically manages its portfolio to maintain an overall interest rate risk profile similar to that of the Bloomberg U.S. Aggregate Bond Index, using both domestic and foreign issuers. Notable features include a broad sector allocation, with exposure across government, securitized, and corporate bonds, and the flexibility to allocate up to 20% of assets to lower-quality, higher-yielding debt. The fund pays monthly dividends and is designed to suit investors seeking diversified core bond exposure to mitigate portfolio volatility and generate steady income. With thousands of holdings and substantial assets under management, it plays a significant role in the intermediate core-plus bond sector, serving as a comprehensive solution for fixed income allocation in diversified portfolios.
Fund Family Fidelity
Category Intermediate Core-Plus Bond
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol FEPAX
Share Class Class A
Index Bloomberg U.S. Aggregate Bond TR
FEPAX had a total return of -2.31% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.27%.
