FADMX Fees and Costs — Fidelity Advisor Strategic Income Fund, Fidelity Strategic Income Fund
Data updated: 2026-08-24
The net expense ratio is 0.64%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $405K in broker commissions, 0.0027% of average net assets, and portfolio turnover was 76%.
FADMX Fees and Expenses
Annual operating expenses and sales charges of FADMX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.64% |
| Fee waiver | — |
| Net expense ratio | 0.64% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FADMX Costs Over Time
On $10,000 invested in FADMX, assuming 5% a year before costs, total costs come to $405 over 5 years, cutting the return by 0.67% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.64%) | $67 | $210 | $366 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $222 | $405 |
| Value after costs | $10,433 | $11,354 | $12,358 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
FADMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0027%
- Total broker commissions: $405K
- Bought from dealers (principal trades, not a cost): $19.0B
- Portfolio turnover (prospectus): 76%
- Securities on loan, average value: $19.2M
- Net income from securities lending: $55K (0.000% of average net assets)
FADMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $252K | 64.34% |
| JPMORGAN CHASE and CO | $42K | 10.77% |
| GOLDMAN SACHS GROUP INC (THE) | $29K | 7.45% |
| CITIGROUP INC | $20K | 5.08% |
| JANE STREET GROUP LLC | $14K | 3.46% |
| BARCLAYS PLC | $11K | 2.74% |
| BANK OF AMERICA CORPORATION | $8K | 1.95% |
| VIRTU FINANCIAL INC | $7K | 1.80% |
| ROYAL BANK OF CANADA | $6K | 1.52% |
| MACQUARIE GROUP LTD | $4K | 0.90% |
FADMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $3.6B | 22.20% |
| JPMORGAN CHASE and CO | $2.7B | 16.61% |
| MORGAN STANLEY | $2.7B | 16.52% |
| BARCLAYS PLC | $2.1B | 13.11% |
| CITIGROUP INC | $1.3B | 7.71% |
| NOMURA HOLDINGS INC | $994.4M | 6.11% |
| DEUTSCHE BANK AG | $859.6M | 5.28% |
| BNP PARIBAS | $791.8M | 4.86% |
| BANK OF AMERICA CORPORATION | $645.8M | 3.97% |
| MIZUHO FINANCIAL GROUP INC | $588.8M | 3.62% |
Fidelity Advisor Strategic Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIWDX | Class Z | 0.59% | none |
| FADMX | Fidelity Strategic Income Fund | 0.64% | — |
| FSRIX | Class I | 0.68% | none |
| FSIAX | Class M | 0.93% | 4.00% |
| FSTAX | Class A | 0.93% | 4.00% |
| FSRCX | Class C | 1.68% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.