Morningstar

Fidelity Advisor Short-Term Bond Fund - Class A FBNAX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 8.34  /  −0.12 %
  • Total Assets 3.0B
  • Adj. Expense Ratio
    0.500%
  • Expense Ratio 0.500%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 3.95%
  • Effective Duration 1.89 years

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 10:53 PM GMT+0

Morningstar’s Analysis FBNAX

Will FBNAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FBNAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FBNAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FBNAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A dim but steady light in volatile markets.

Analyst Saraja Samant

Saraja Samant

Analyst

Summary

Fidelity Advisor Short Term Bond is a trusted option for downside protection, but its cautious approach has hindered the fund’s competitiveness over the long run, leading to a Process Pillar rating downgrade to Average from Above Average.

by Saraja Samant
Rated on Published on

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Portfolio Holdings FBNAX

More FBNAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 43.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 3.875%

11.56 342M
Government

United States Treasury Notes 4.25%

9.98 295M
Government

United States Treasury Notes 3.5%

6.18 183M
Government

United States Treasury Notes 3.5%

5.20 154M
Government

United States Treasury Notes 3.375%

4.72 139M
Government

United States Treasury Notes 4.625%

4.41 130M
Government

Fidelity Cash Central Fund

1.29 38M
Cash and Equivalents

Net Other Assets

0.57 17M
—

Bank of America Corp. 4.271%

0.43 13M
Corporate

HSBC Holdings PLC 4.711%

0.36 11M
Corporate

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