About FGSMX
Fidelity Advisor High Income Fund - Class C is a mutual fund designed to deliver a high level of current income, with potential for capital appreciation as a secondary objective. It primarily invests in income-producing debt securities, preferred stocks, and convertible securities, emphasizing lower-quality, high-yield bonds rated below investment grade, such as BB, B, CCC, and below categories. The fund normally allocates at least 80% of its assets to these non-investment-grade securities, categorized within the high yield bond sector by Morningstar. With total assets exceeding $3 billion and inception dating back to August 29, 1990, it maintains a diversified portfolio featuring weighted average maturity and life metrics typical for its class. This fund plays a significant role in fixed income markets by providing investors access to high-yield opportunities from issuers across various industries, focusing on income generation through interest payments and distributions while navigating credit risk associated with below-investment-grade debt.
Fund Family Fidelity
Category High Yield Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol FGSMX
Share Class Class C
Index ICE BofA US High Yield Constrained TR
FGSMX had a total return of 6.35% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.60%.
