FEPAX is a mutual fund that falls under the Fidelity Advisor family of funds. It is a Class A fund that primarily invests in a diverse portfolio of fixed-income securities, such as government and corporate bonds. This fund aims to provide investors with a steady stream of income and potential for capital appreciation over the long term. With a focus on total bond market exposure, FEPAX offers a low-risk investment option for those seeking stability in their portfolio.