Fidelity Advisor Strategic Income Fund
FADMX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Apr 17, 2018
- CIK
- 0000795422
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Advisor Strategic Income Fund (FADMX) is an open-end mutual fund managed by Fidelity Investments that seeks a high level of current income with a secondary objective of capital appreciation. The fund normally invests primarily in debt securities, allocating assets across four general investment categories: high yield securities (lower-quality debt securities, also referred to as junk bonds); U.S. government and investment-grade securities; emerging market debt securities; and foreign developed market debt securities. It employs a flexible multisector bond strategy, using fundamental analysis of financial conditions, industry positions, market trends, and economic factors to select securities, with portfolio managers overseeing subportfolios in specialized areas such as high-yield loans, TIPS, commodities, and REITs-related investments. FADMX offers share classes tailored to different investor types, including retail and institutional investors, with a focus on taxable fixed income through its multisector bond category. The fund targets income-oriented investors, such as individuals and institutions seeking diversified fixed-income exposure with potential for enhanced returns via non-investment-grade and international debt. It operates globally, with investments spanning U.S., emerging, and developed foreign debt markets across multiple countries and regions. Managed by Fidelity Investments, headquartered in Boston, Massachusetts, the fund traces its origins to Fidelity's broader strategic income offerings dating back to the late 1990s, with key managers including Ford E. O'Neil (since 2012), Adam Kramer, Sean Corcoran (since 2017), and others. In a significant operational change effective April 27, 2018, the original Fidelity Strategic Income Fund closed to new investors and merged into a new retail share class of Fidelity Advisor Strategic Income Fund, streamlining Fidelity's product lineup and consolidating assets under the Advisor series for improved shareholder efficiency. Recent performance highlights include Retail Class shares gaining 4.35% in the first half of 2025, outperforming the Bloomberg U.S. Universal Bond Index by 0.25%, amid ongoing tactical allocation adjustments by the management team.