# Fidelity Advisor Strategic Income Fund (FADMX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fadmx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Fidelity · Asset class: Equity - Strategy: Thematic · Inception: 2018-04-17 This fund primarily aims to generate a substantial level of current income, while also potentially seeking growth in its capital value. It principally invests in debt instruments, including those considered lower quality, often termed high-yield or junk bonds, due to their below-investment-grade rating. The fund strategically distributes its assets across four broad categories: high-yield securities, U.S. government and other investment-grade fixed income, debt from emerging markets, and securities from developed foreign markets. ## Key Facts | Metric | Value | |---|---| | Price | $11.82 | | Expense Ratio | 0.64% | | Assets Under Management | $15.51B | | NAV | $11.82 | | Holdings Count | — | | Distribution Yield (TTM) | 4.78% | | Annual Distribution (TTM) | $0.56 /share | | Distribution Frequency | Monthly | | 52-Week Range | $11.82 – $12.31 | | Beta | 0.76 | ## Latest Distribution - Amount: $0.0387 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-01 ## Frequently Asked Questions ### What does FADMX invest in? This fund primarily aims to generate a substantial level of current income, while also potentially seeking growth in its capital value. It principally invests in debt instruments, including those considered lower quality, often termed high-yield or junk bonds, due to their below-investment-grade rating. The fund strategically distributes its assets across four broad categories: high-yield securities, U.S. government and other investment-grade fixed income, debt from emerging markets, and securities from developed foreign markets. ### What is the expense ratio of FADMX? Fidelity Advisor Strategic Income Fund (FADMX) charges an expense ratio of 0.64%. This is the annual fee deducted from fund assets to cover management and operations. ### What is FADMX's dividend yield? FADMX's trailing-twelve-month yield is 4.78%, calculated from the sum of dividends over the past year divided by the current price. ### How big is FADMX? Fidelity Advisor Strategic Income Fund (FADMX) manages $15.51B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is FADMX actively managed or an index fund? FADMX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was FADMX launched? Fidelity Advisor Strategic Income Fund (FADMX) launched in April 2018 and is managed by Fidelity. ### Does FADMX pay a dividend? Yes, Fidelity Advisor Strategic Income Fund (FADMX) distributes dividends to shareholders. The trailing-twelve-month yield is 4.78%. Full dividend history is on this page. ### How often does FADMX pay dividends? Fidelity Advisor Strategic Income Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is FADMX's next ex-dividend date? The most recently announced ex-dividend date for FADMX was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will FADMX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.64% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FADMX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FADMX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FADMX cost more than a fund like VOO? FADMX's strategy (current expense ratio 0.64%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where FADMX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to FADMX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FADMX (0.64%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fadmx - Distribution history: https://www.dividenddata.com/funds/fadmx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fadmx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fadmx/expenses - Peer comparison: https://www.dividenddata.com/funds/fadmx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.