Fidelity Advisor Mortgage Securities Fund – Class I is an open-end mutual fund specializing in mortgage-backed and related securities, with a primary objective of delivering a high level of current income while maintaining prudent investment risk. The fund focuses its investments on a diverse portfolio of U.S. mortgage-related assets, predominantly traditional government-agency mortgage-backed securities—such as those issued by Federal National Mortgage Association and Government National Mortgage Association—as well as non-agency mortgage-backed securities, commercial mortgage-backed securities, collateralized mortgage obligations, and select asset-backed instruments. A notable feature of this fund is its commitment to holding at least 80% of assets in investment-grade, medium to high-quality mortgage securities and repurchase agreements, emphasizing credit quality and lower risk exposure. Managed by an experienced team, the fund employs a research-driven, team-based approach to identify value and market inefficiencies within the sector. Its strategy offers important exposure to the U.S. housing and real estate finance sectors, serving as a core fixed-income component for investors seeking income and diversification through mortgage-backed securities within the broader bond market landscape.
Based on technical indicators and chart patterns, FMSCX shows...
Market sentiment analysis indicates...