FMGAX

About FMGAX

Fidelity Advisor Mortgage Securities Fund Class A is an actively managed mutual fund that primarily invests in investment-grade mortgage-related securities. Its main objective is to provide a high level of current income while maintaining prudent investment risk. The fund typically allocates at least 80% of its assets to securities such as mortgage-backed obligations issued or guaranteed by U.S. government agencies, including those from the Federal National Mortgage Association and the Government National Mortgage Association, as well as related repurchase agreements. This approach positions the fund within the intermediate government bond category, focusing on securities backed by the creditworthiness of the U.S. government or its agencies. Notable for its diversified portfolio comprising over 1,400 holdings, the fund is structured to deliver consistent monthly dividend distributions. With an inception date in 1997 and nearly $1 billion in assets under management, Fidelity Advisor Mortgage Securities Fund Class A plays a significant role for investors seeking exposure to the mortgage securities sector and a reliable stream of income within the broader fixed income market.