About FGRMX
Fidelity Advisor High Income Fund - Class M is a mutual fund class within the Fidelity High Income Fund family, designed to deliver a high level of current income with potential for capital appreciation. It primarily invests in income-producing debt securities, preferred stocks, and convertible securities, placing a strong emphasis on lower-quality, high-yield debt instruments rated below investment grade, such as those in the BB (37.94%), B, CCC & below (16.01%) categories according to major rating agencies like Moody’s, S&P, and Fitch. The portfolio may include securities from issuers in FX-G10 countries, Western European nations, or U.S. and Western European territories, focusing on fixed income high-yield strategies. Launched with fund inception on August 29, 1990, this class (CUSIP 31641Q748) supports a substantial asset base of approximately $3,035 million as of late 2025, underscoring its prominence in the high-yield bond category. Class M shares cater to investors through Fidelity's Advisor lineup, alongside classes A, C, I, and Z, playing a key role in income-oriented portfolios seeking exposure to non-investment grade debt markets.
Fund Family Fidelity
Category High Yield Bond
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol FGRMX
Share Class Class M
Index ICE BofA US High Yield Constrained TR
FGRMX had a total return of 1.97% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.90%.
