FAHEX — Fidelity Advisor High Income Advantage Fund
Data updated: 2026-06-26
FAHEX — Fidelity Advisor High Income Advantage Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Income Allocation · $3.00B AUM · 1.93% expense ratio · 17.7% 1-yr return. From SEC regulatory filings.
FAHEX Fund Overview
FAHEX — Fidelity Advisor High Income Advantage Fund is a US mutual fund managed by Fidelity Advisor Series I, categorised as Income Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Fidelity Advisor Series I
- Category: Income Allocation
- Assets under management: $3.00B
- 1-year return: 17.7%
- Ticker: FAHEX
- SEC CIK: 0000722574
- SEC series ID: S000017684
- Share class ID: C000048868
FAHEX Holdings
Top 10 holdings of Fidelity Advisor High Income Advantage Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Revere Street Trust | 19.83% |
| Ishares Broad USD High Yield Corporate Bond ETF | 2.86% |
| Fidelity Private Credit Central Fund LLC | 2.10% |
| Comfort Systems USA, Inc. | 1.92% |
| NVIDIA Corp. | 1.53% |
| Taiwan Semiconductor Mfg Co. Ltd. | 1.37% |
| Alphabet, Inc. | 1.20% |
| Energy Transfer LP | 1.03% |
| Meta Platforms, Inc. | 0.94% |
| Echostar Corp. | 0.87% |
FAHEX Portfolio Allocation
Asset-class allocation of Fidelity Advisor High Income Advantage Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 40.1% |
| Equity | 32.1% |
| Cash & Equivalents | 20.4% |
| Loans | 7.8% |
| Securitized | 0.2% |
FAHEX Performance
Total returns for FAHEX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 5.0% |
| 1 year | 17.7% |
| 3 years (annualised) | 3.1% |
| 5 years (annualised) | -3.6% |
FAHEX Risk Information
Risk metrics for FAHEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.4%
FAHEX Costs and Fees
FAHEX costs about $193 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.93%
- Gross expense ratio: 1.94%
- Portfolio turnover: 22%
- Brokerage commissions: 0.13 bps of average net assets (SEC N-CEN)
FAHEX Cashflows
Over the 12 months to 2026-04, Fidelity Advisor High Income Advantage Fund had net inflows of $444.86M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $28.69M |
| 2026-03 | $26.99M |
| 2026-02 | $56.22M |
| 2026-01 | $60.46M |
| 2025-12 | $47.46M |
| 2025-11 | $8.76M |
FAHEX Debt Constituents
Largest debt holdings of Fidelity Advisor High Income Advantage Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Echostar Corp. | 0.87% |
| Echostar Corp. | 0.83% |
| Eg Global Finance PLC | 0.83% |
| Ally Financial, Inc. | 0.60% |
| Transdigm, Inc. | 0.49% |
| Cloud Software Group, Inc. | 0.44% |
| Altice France SA | 0.43% |
| 1261229 Bc Ltd. | 0.41% |
| Altice France SA | 0.39% |
| Neptune Bidco US, Inc. | 0.34% |
FAHEX Prospectus and SEC Filings
Official Fidelity Advisor High Income Advantage Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Income Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.