Fidelity Advisor Strategic Income Fund: Class I (FSRIX)

The fund primarily focuses on fixed-income instruments, which include lower-quality credit obligations—often referred to as high-yield or junk bonds—due to their less than investment-grade credit ratings. It diversifies its capital across four distinct investment segments: speculative-grade bonds, U.S. government and highly-rated corporate debt, developing market securities, and debt instruments from established international economies.