Fidelity Advisor Mortgage Securities M (FMSAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
9.84
-0.02 (-0.20%)
Sep 2, 2025, 4:00 PM EDT
-0.20%
Fund Assets656.90M
Expense Ratio0.80%
Min. Investment$0.00
Turnover767.00%
Dividend (ttm)0.39
Dividend Yield3.74%
Dividend Growth14.42%
Payout FrequencyMonthly
Ex-Dividend DateAug 29, 2025
Previous Close9.86
YTD Return2.96%
1-Year Return-0.15%
5-Year Return-7.57%
52-Week Low9.46
52-Week High10.18
Beta (5Y)n/a
Holdings1555
Inception DateMar 3, 1997

About FMSAX

Fidelity Advisor Mortgage Securities Fund - Class M is a mutual fund that primarily focuses on investment-grade mortgage-backed securities issued or guaranteed by U.S. government agencies. Its central objective is to provide investors with a combination of income and capital preservation by holding a diversified portfolio of agency mortgage-backed bonds, which are typically structured to minimize credit risk due to their government backing. The fund is categorized under intermediate government bond portfolios, meaning it generally maintains a portfolio duration between 3.5 and 6 years, positioning it between short- and long-duration government bond funds in terms of interest rate sensitivity and volatility. Notable features include high credit quality—frequently, over 90% of assets are rated AAA—and significant exposure to securities from issuers like the Federal National Mortgage Association, Government National Mortgage Association, and Federal Home Loan Mortgage Corporation. The fund is managed by a team with strong experience in structured product investing and leverages quantitative research to guide portfolio decisions. Its role in the financial market is to offer investors access to the mortgage securities sector with a risk profile moderated by government agency support, providing a potential source of regular income and diversification for fixed income allocations.

Fund Family Fidelity
Category Intermediate Government
Stock Exchange NASDAQ
Ticker Symbol FMSAX
Share Class Class M
Index Bloomberg US MBS TR

Performance

FMSAX had a total return of -0.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.00%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
FIKUXClass Z0.36%
FMSFXFidelity Mortgage Securities Fund0.44%
FMSCXClass I0.57%
FMGAXClass A0.80%

Top 10 Holdings

29.73% of assets
NameSymbolWeight
Federal National Mortgage Association 0.02%FNCL.2 9.136.24%
Government National Mortgage Association 0.06%G2SF.6 9.115.19%
Fidelity Cash Central Fundn/a4.30%
Federal National Mortgage Association 0.02%FNCL.2 8.132.98%
Government National Mortgage Association 0.025%G2SF.2.5 8.122.79%
Government National Mortgage Association 0.02%G2.MA78802.02%
Federal National Mortgage Association 0.055%FNCL.5.5 8.111.84%
Government National Mortgage Association 0.05%G2.MB01461.56%
Federal Home Loan Mortgage Corp. 0.035%FR.SD09581.43%
Government National Mortgage Association 0.045%G2.MB00241.38%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Aug 29, 2025$0.0306Sep 2, 2025
Jul 31, 2025$0.03085Aug 1, 2025
Jun 30, 2025$0.03174Jul 1, 2025
May 30, 2025$0.03158Jun 2, 2025
Apr 30, 2025$0.03018May 1, 2025
Mar 31, 2025$0.03032Apr 1, 2025
Full Dividend History