Fidelity Advisor Mortgage Securities Fund M (FMSAX)
10.09
-0.01
(-0.10%)
USD |
Mar 03 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.81% | 745.54M | -- | 652.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 95.59M | 6.09% |
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of current income, consistent with prudent investment risk. Under normal market and economic conditions, the Fund invests at least 80% of assets in investment-grade mortgage-related securities (those of medium and high quality) and repurchase agreements for those securities. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Mortgages |
| Peer Group | U.S. Mortgage Funds |
| Global Macro | Bond HC |
| US Macro | U.S. Government & Treasury Fixed Income Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | U.S. Mortgage Funds |
| Fund Owner Firm Name | Fidelity Investments |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
35
-137.50M
Peer Group Low
554.11M
Peer Group High
1 Year
% Rank:
29
95.59M
-5.230B
Peer Group Low
5.749B
Peer Group High
3 Months
% Rank:
30
-454.36M
Peer Group Low
640.69M
Peer Group High
3 Years
% Rank:
94
-6.514B
Peer Group Low
9.418B
Peer Group High
6 Months
% Rank:
35
-3.168B
Peer Group Low
850.85M
Peer Group High
5 Years
% Rank:
88
-19.53B
Peer Group Low
10.45B
Peer Group High
YTD
% Rank:
33
-335.87M
Peer Group Low
554.11M
Peer Group High
10 Years
% Rank:
77
-32.15B
Peer Group Low
27.19B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of March 04, 2026.
Asset Allocation
As of December 31, 2025.
| Type | % Net |
|---|---|
| Cash | 2.61% |
| Stock | 0.00% |
| Bond | 97.82% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | -0.43% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
Fidelity Cash Central Fund
|
9.73% | -- | -- |
|
Government National Mortgage Association 2 5.5% 01-MAR-2056
|
8.00% | -- | -- |
|
Federal National Mortgage Association 2% 01-MAR-2055
|
5.71% | -- | -- |
|
Government National Mortgage Association 2 6% 01-MAR-2056
|
3.28% | -- | -- |
| GNMA 2.0 04/20/2052 FIX USD Agency | 2.27% | 83.98 | -0.29% |
|
Federal National Mortgage Association 5% 01-FEB-2041
|
1.82% | -- | -- |
|
Government National Mortgage Association 2 5.5% 01-FEB-2056
|
1.64% | -- | -- |
|
Government National Mortgage Association 2 6%
|
1.42% | -- | -- |
|
Federal National Mortgage Association 6% 01-MAR-2056
|
1.35% | -- | -- |
| FHLMC-New 3.5 04/25/2052 FIX USD Agency | 1.27% | 94.59 | -0.24% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 0.25% |
| Actual Management Fee | 0.28% |
| Administration Fee | -- |
| Maximum Front Load | 4.00% |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 0.00 None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of current income, consistent with prudent investment risk. Under normal market and economic conditions, the Fund invests at least 80% of assets in investment-grade mortgage-related securities (those of medium and high quality) and repurchase agreements for those securities. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Mortgages |
| Peer Group | U.S. Mortgage Funds |
| Global Macro | Bond HC |
| US Macro | U.S. Government & Treasury Fixed Income Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | U.S. Mortgage Funds |
| Fund Owner Firm Name | Fidelity Investments |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (3-2-26) | 3.55% |
| 30-Day SEC Yield (1-31-26) | 3.40% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 1591 |
| Bond | |
| Yield to Maturity (12-31-25) | 4.67% |
| Effective Duration | 5.30 |
| Average Coupon | 4.52% |
| Calculated Average Quality | 1.072 |
| Effective Maturity | 24.49 |
| Nominal Maturity | 24.49 |
| Number of Bond Holdings | 1447 |
As of December 31, 2025
Fund Details
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:FMSAX", "name") |
| Broad Asset Class: =YCI("M:FMSAX", "broad_asset_class") |
| Broad Category: =YCI("M:FMSAX", "broad_category_group") |
| Prospectus Objective: =YCI("M:FMSAX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |