Fidelity Advisor Mortgage Securities Cl A: (MF: FMGAX)
(NASDAQ Mutual Funds) As of Apr 29, 2024 08:00 PM ET
$9.43 USD
+0.03 (0.32%)
Fund Description
The fund was incepted in December 1984 and is managed by the Fidelity Group. The main objective of this fund is to seek high level of current income, consistent with prudent investment risk. In seeking current income, the fund may also consider the potential for capital gain. This fund normally invests at least 80% of its total assets in investment-grade mortgage-related securities (those of medium and high quality) and repurchase agreements for those securities. The management may also invest the fund's assets in U.S. Government securities and instruments related to U.S. Government securities. The fund is managed to have a similar overall interest rate risk to the Lehman Brothers Mortgage-Backed Securities Index. The fund allocates assets across different market sectors and maturities and analyzes a security's structural features and current pricing, trading opportunities, and the credit quality of its issuer to select investments. The fund offers a monthly dividend and capital gains, if any, are distributed in September and December.
Load Information
| Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
|---|---|---|---|---|---|---|---|
| Fidelity Adv Mortgage Secs A | FMGAX | 4.00 | NA | 0.00 | 0.25 | 0.30 | 0.80 |
Return Data
| Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
|---|---|---|---|---|---|---|---|
| Fidelity Mortgage Securities | FMSFX | 9.65 | 12/31/1984 | 0.82 | 1.30 | -3.09 | -0.43 |
| Fidelity Adv Mortgage Secs A | FMGAX | 9.43 | 3/3/1997 | 0.73 | 0.93 | -3.40 | -0.76 |
| Fidelity Adv Mortgage Secs T | FMSAX | 9.63 | 3/3/1997 | 0.73 | 0.94 | -3.42 | -0.71 |
| Fidelity Adv Mortgage Secs I | FMSCX | 9.61 | 3/3/1997 | 0.80 | 1.24 | -3.14 | -0.48 |
| Fidelity Adv Mortgage Secs C | FOMCX | 9.52 | 12/31/1984 | 0.53 | 0.11 | -4.19 | -1.57 |
Investment Information
| Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
|---|---|---|---|---|---|
| Fidelity Adv Mortgage Secs A | FMGAX | 0 | 0 | 0 | M |
Contact Information
| Family | Fidelity |
| Address | 82 Devonshire St Boston, MA 02109 |
| Phone | 800 544-6666 |