Fidelity Advisor Strategic Income T (FSIAX - MF report) a Zacks Ranked #2 (Buy) seeks a high level of current income. FSIAX may also seek capital appreciation. FSIAX invests primarily in debt securities, including lower-quality debt securities, allocated among four general investment categories: high yield securities, U.S. Government and investment-grade securities, emerging market securities, and foreign developed market securities. FSIAX uses a neutral mix of approximately 40% high yield, 30% U.S. Government and investment-grade, 15% emerging markets and 15% foreign developed markets. FSIAX potentially invests in equity securities. FSIAX offers a monthly dividend. Capital gains are distributed in February and December.

The Fidelity Advisor Strategic Income T fund, managed by Fidelity, carries an expense ratio of 0.99. and requires a minimal initial investment of $2,500.

FSIAX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 1.16%, 3 years 4.43%, and 5 years 5.78%. To see how this fund performed compared in its category, please click here.

FSIAX’s performance, as of the last filing, when compared to funds in its category was in the top 17% in 1 year, top 20% over the past 3 years, and in the 22% over the past 5 years.