Fidelity Advisor Mortgage Securities M (FMSAX)
| Fund Assets | 669.37M |
| Expense Ratio | 0.80% |
| Min. Investment | $0.00 |
| Turnover | 767.00% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 3.72% |
| Dividend Growth | 14.42% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.00 |
| YTD Return | 4.53% |
| 1-Year Return | 0.37% |
| 5-Year Return | -6.08% |
| 52-Week Low | 9.46 |
| 52-Week High | 10.18 |
| Beta (5Y) | n/a |
| Holdings | 1555 |
| Inception Date | Mar 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.
Performance
FMSAX had a total return of 0.37% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.04%.
Top 10 Holdings
29.73% of assets| Name | Symbol | Weight |
|---|---|---|
| Federal National Mortgage Association 0.02% | FNCL.2 9.13 | 6.24% |
| Government National Mortgage Association 0.06% | G2SF.6 9.11 | 5.19% |
| Fidelity Cash Central Fund | n/a | 4.30% |
| Federal National Mortgage Association 0.02% | FNCL.2 8.13 | 2.98% |
| Government National Mortgage Association 0.025% | G2SF.2.5 8.12 | 2.79% |
| Government National Mortgage Association 0.02% | G2.MA7880 | 2.02% |
| Federal National Mortgage Association 0.055% | FNCL.5.5 8.11 | 1.84% |
| Government National Mortgage Association 0.05% | G2.MB0146 | 1.56% |
| Federal Home Loan Mortgage Corp. 0.035% | FR.SD0958 | 1.43% |
| Government National Mortgage Association 0.045% | G2.MB0024 | 1.38% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.0306 | Sep 2, 2025 |
| Jul 31, 2025 | $0.03085 | Aug 1, 2025 |
| Jun 30, 2025 | $0.03174 | Jul 1, 2025 |
| May 30, 2025 | $0.03158 | Jun 2, 2025 |
| Apr 30, 2025 | $0.03018 | May 1, 2025 |
| Mar 31, 2025 | $0.03032 | Apr 1, 2025 |