FIKTX

About FIKTX

Fidelity Advisor Short-Term Bond Fund – Class Z is an actively managed mutual fund focused on generating a high level of current income while emphasizing capital preservation. The portfolio normally invests at least 80% of assets in investment‑grade debt across U.S. Treasuries, corporate bonds, and securitized issues, and maintains a short dollar‑weighted average maturity—generally three years or less—to limit interest‑rate sensitivity. The strategy employs a diversified, multi‑sector approach and may use derivatives such as futures, options, and swaps for efficient exposure and risk management. Positioned in the short‑term bond category, it targets medium credit quality with limited interest‑rate risk, offering a conservative core fixed‑income sleeve for allocations seeking stability and income. The share class is designed for eligible investors and carries a competitive net expense ratio as disclosed in the prospectus, reflecting its institutional orientation. By combining high‑quality bond selection with active sector rotation and tight duration control, Fidelity Advisor Short-Term Bond Fund – Class Z plays a role as a ballast in diversified portfolios, smoothing volatility while contributing to steady income generation.