Fidelity Advisor Mortgage Securities M (FMSAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

9.42

-0.03 (-0.32%)

At close: Oct 2, 2026

Fund Assets	761.98M
Expense Ratio	0.81%
Min. Investment	$0.00
Turnover	652.00%
Dividend (ttm)	0.36
Dividend Yield	3.78%
Dividend Growth	-8.40%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.45
YTD Return	-3.23%
1-Year Return	-2.17%
5-Year Return	-5.82%
52-Week Low	9.41
52-Week High	10.15
Beta (5Y)	-0.02
Holdings	1793
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.

Fund Family Fidelity

Category US Mortgage

Performance Rating Below Average

Risk Rating High

Stock Exchange Nasdaq

Ticker Symbol FMSAX

Share Class Class M

Index Bloomberg US MBS TR

Performance

FMSAX had a total return of -2.17% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.94%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
FIKUX	Class Z	0.36%
FMSFX	Fidelity Mortgage Securities Fund	0.45%
FMSCX	Class I	0.60%
FMGAX	Class A	0.81%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03088	Oct 1, 2026
Aug 31, 2026	$0.03263	Sep 1, 2026
Jul 31, 2026	$0.03141	Aug 3, 2026
Jun 30, 2026	$0.03024	Jul 1, 2026
May 31, 2026	$0.02904	Jun 1, 2026
Apr 30, 2026	$0.02914	May 1, 2026

Full Dividend History