Fidelity Advisor Total Bond Fund

Fidelity Advisor Total Bond (FEPIX) is a core fixed income fund for investors seeking income and a measure of protection from stock market volatility.

Morningstar's highest levelof conviction, 8/18/221
10Watch List:5—6, Poor: 0—4Good:9—10, Acceptable: 7—8Class I ScoringRPAGTMSCORE2
1283-YR AVG5-YR AVG0, 1—2526—5051—7576—100fi360FIDUCIARYSCORE® 3fi360 peer group: Intermediate Core-Plus BondNumber of peers: 125 (3-year average), 105 (5-year average)Class I
2016 U.S. Fixed-Income FundManager of the Year4Ford O'Neil and team—Jeffrey Moore, CFA,and Michael Foggin5Fidelity and Fidelity Advisor Total Bond Funds6

Investment Approach

  • A Focus on High Quality—Invests at least 80% of assets in investment-grade bonds.
  • Enhanced Return Potential—Invests up to 20% of assets in below-investment-grade securities.
  • Balances Return Potential against Risk—Co-managers seek to provide a conservative experience in line with an investor's expectation of a core bond fund.

The Management Team

On average, fund manager tenure at Fidelity is 17 years, allowing the managers to establish a high level of trust in each other's abilities.

Ford O'neil Ford O'Neil Fund tenure: Since 12/04 Fidelity tenure: Since 1989
Michael Foggin Michael Foggin Fund tenure: Since 10/14 Fidelity tenure: Since 2012
Jeffrey Moore Jeffrey Moore, CFA Fund tenure: Since 6/12 Fidelity tenure: Since 1995
Celso Munoz Celso Muñoz, CFA Fund tenure: Since 10/17 Fidelity tenure: Since 2005
Benjamin Harrison, CFA Benjamin Harrison, CFA Fund tenure: Since 6/23 Fidelity tenure: Since 2009
Jeffrey Moore Franco Castagliuolo, CFA Fund tenure: Since 10/22 Fidelity tenure: Since 1996

Consistently outperformed versus its benchmark and peers

FA Total Bond (Class I) outperformed its peers over the 1-, 3-, 5-, and 10-year periods.
FA Total Bond I Morningstar Intermediate Core-Plus Bond Avg. Bloomberg U.S. Aggregate Bond Index 1-Year 3-Year 5-Year 10-Year ANNUALIZED RETURNS (%) 1.19 - 2.39 1.62 2.27 - 0.29 - 2.99 0.91 1.69 - 0.94 - 3.96 0.77 1.52 -5 -4 -3 -2 -1 0 1 2 3

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