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FHALX

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    10.1811$
  • Previous Close
    10.1811$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

FHALX.US represents the Fidelity Advisor High Income Advantage Fund Class A, a mutual fund managed by Fidelity Investments. This fund primarily invests in a diversified portfolio of high-yielding, lower-rated corporate bonds (commonly known as "junk bonds"), as well as other income-producing securities. The fund aims to generate a high level of current income and may also pursue capital appreciation, although it inherently carries a higher degree of risk due to the credit risk and potential price volatility associated with its investments in below-investment-grade debt.
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Factors

Interest Rates: Rising rates typically decrease bond values, impacting FHALX which invests in bonds.

Inflation: Higher inflation erodes bond values as real returns diminish, affecting FHALX negatively.

Economic Growth: Strong growth may lead to higher interest rates, decreasing FHALX value.

Credit Risk: Changes in borrower's ability to repay mortgages influences the value of mortgage-backed securities held by FHALX.

Prepayment Risk: Faster mortgage prepayments, often during rate declines, impact FHALX returns as it reinvests at potentially lower rates.

Fund Management: The expertise of the fund managers and the fund's expense ratio affects the overall return and value of FHALX.

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