FMSDX — Fidelity Advisor Multi-Asset Income Fund
Data updated: 2026-08-24
FMSDX — Fidelity Advisor Multi-Asset Income Fund. Balanced Allocation · $3.56B AUM · 0.82% expense ratio. Holdings, fees, performance and SEC filings.
FMSDX Fund Overview
FMSDX — Fidelity Advisor Multi-Asset Income Fund is a US mutual fund managed by Fidelity School Street Trust, categorised as Balanced 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 School Street Trust
- Category: Balanced Allocation
- Assets under management: $3.56B
- 1-year return: 12.9%
- Ticker: FMSDX
- SEC CIK: 0000215829
- SEC series ID: S000050482
- Share class ID: C000199669
FMSDX Holdings
Top 10 holdings of Fidelity Advisor Multi-Asset Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| United States Treasury Bond | 6.24% |
| Ust Notes | 6.22% |
| Fidelity Revere Street Trust | 3.89% |
| Strategy, Inc. | 3.78% |
| International Seaways, Inc. | 3.56% |
| Dht Holdings, Inc. | 3.19% |
| Alphabet, Inc. | 2.89% |
| NVIDIA Corp. | 2.78% |
| Amazon.com, Inc. | 2.71% |
| Almonty Inds, Inc. | 2.53% |
FMSDX Portfolio Allocation
Asset-class allocation of Fidelity Advisor Multi-Asset Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 55.3% |
| Fixed Income | 41.2% |
| Cash & Equivalents | 5.3% |
| Loans | 2.1% |
| Securitized | 0.3% |
FMSDX Performance
Total returns for FMSDX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 4.9% |
| 1 year | 12.9% |
| 3 years (annualised) | 11.1% |
| 5 years (annualised) | 5.9% |
FMSDX Risk Information
Risk metrics for FMSDX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.7%
FMSDX Costs and Fees
FMSDX costs about $82 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.82%
- Gross expense ratio: 0.83%
- Portfolio turnover: 230%
- Brokerage commissions: 8.48 bps of average net assets (SEC N-CEN)
FMSDX Cashflows
Over the 12 months to 2026-06, Fidelity Advisor Multi-Asset Income Fund had net inflows of $434.43M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $14.46M |
| 2026-05 | $17.20M |
| 2026-04 | $66.78M |
| 2026-03 | $41.45M |
| 2026-02 | $40.88M |
| 2026-01 | $69.64M |
FMSDX Debt Constituents
Largest debt holdings of Fidelity Advisor Multi-Asset Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury Bond | 6.24% |
| Ust Notes | 6.22% |
| United States Treasury Bond | 2.52% |
| United States Treasury Bond | 2.47% |
| United States Treasury Bond | 2.47% |
| United States Treasury Bond | 2.32% |
| United States Treasury Bond | 2.32% |
| United States Treasury Bond | 2.32% |
| United States Treasury Bond | 2.32% |
| Almonty Inds, Inc. | 1.53% |
FMSDX Prospectus and SEC Filings
Official Fidelity Advisor Multi-Asset Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-24
- Prospectus (485BPOS) — filed 2025-02-25
- Prospectus (485BPOS) — filed 2024-02-26
- Portfolio holdings (N-PORT) — filed 2026-08-24
- Portfolio holdings (N-PORT) — filed 2026-05-26
- Portfolio holdings (N-PORT) — filed 2026-02-24
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other Balanced 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.