About FVIIX
Fidelity Advisor Government Income Fund – Class I is an open-end mutual fund specializing in government-backed fixed income securities. Its primary objective is to provide a high level of current income while seeking to preserve capital, making it particularly suitable for investors with a focus on stability and consistent income generation. The fund allocates at least 80% of its assets to U.S. government securities, including Treasury notes, bonds, agency securities, and related repurchase agreements, minimizing credit risk by investing in securities backed by the U.S. government.
Notably, the fund employs a diversified strategy, holding over 1,900 distinct securities, and features substantial exposure to U.S. Treasury instruments, mortgage-backed securities, and government agency bonds. With an intermediate duration profile, it generally experiences moderate interest rate sensitivity, positioning it between short- and long-term government bond funds. The fund pays monthly dividends and is managed by an experienced team, aiming to deliver predictable income for institutional and individual investors. Its role in the broader financial market is to offer a conservative fixed income option for those prioritizing safety and steady returns, especially in uncertain economic environments.
Fund Family Fidelity
Category General US Govt
Performance Rating Below Average
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol FVIIX
Share Class Class I
Index Bloomberg U.S. Government Bond TR
FVIIX had a total return of -1.89% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.14%.
