EFIPX

About EFIPX

Fidelity Advisor Limited Term Bond Fund – Class I is an actively managed open-end mutual fund focused on short‑duration fixed income. Its primary objective is to provide a high rate of income by investing at least 80% of assets in a diversified mix of debt securities and related repurchase agreements, with allocations across investment‑grade corporates, selected high yield, and emerging‑markets debt, guided by a proprietary limited‑term composite framework. The portfolio targets the short end of the yield curve—typically maintaining a dollar‑weighted average maturity between two and five years—to balance income generation with limited interest‑rate sensitivity, aligning with the short‑term bond category. It benchmarks against the Bloomberg U.S. 1–5 Year Government/Credit Bond Index and emphasizes a credit‑driven yet risk‑conscious approach supported by an experienced team. As of the latest fact sheet period, the fund reported multi‑billion‑dollar portfolio assets and a 30‑day SEC yield for the share class, reflecting its income‑oriented mandate. This strategy plays a role in core bond allocations where investors seek diversified short‑duration exposure and consistent distributions within a disciplined credit framework.