About FEPIX
Fidelity Advisor Total Bond Fund Class I is an intermediate core-plus bond mutual fund designed to provide investors with a high level of current income and a degree of protection against stock market volatility. The fund primarily invests at least 80% of its portfolio in a diverse array of investment-grade debt securities, including U.S. government bonds, agency mortgage-backed securities, corporate bonds, and asset-backed securities. Up to 20% of its assets can be allocated to high-yield (below investment-grade) or emerging market bonds, which serve to enhance income and return potential while introducing additional risk management considerations.
Managed by an experienced Fidelity team, the fund is actively diversified across sectors, issuers, and maturities, with rigorous analysis of credit, liquidity, and macroeconomic factors guiding security selection. The fund seeks to maintain a risk profile comparable to benchmarks like the Bloomberg U.S. Aggregate Bond Index, making it suitable for investors seeking a core fixed income holding. Class I shares are intended for institutional and eligible investors, offering a competitive expense ratio and no sales charge. By balancing high-quality and opportunistic bond investments, the fund plays a significant role in fixed income portfolios as a core holding for risk-adjusted income and diversification.
Fund Family Fidelity
Category Intermediate Core-Plus Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol FEPIX
Share Class Class I
Index Bloomberg U.S. Aggregate Bond TR
FEPIX had a total return of -1.98% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.54%.
