# Portfolio overlap — FSTAX vs SPHIX

Comparing **Fidelity Advisor Strategic Income Fund** (2026-03-31) and **Fidelity High Income Fund** (2026-01-31).

- Shared positions: 244
- Fidelity Advisor Strategic Income Fund covered by Fidelity High Income Fund: 0.1521638760418206953634947827
- Fidelity High Income Fund covered by Fidelity Advisor Strategic Income Fund: 0.1521638760418206953634947829

## Fidelity Advisor Strategic Income Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Fidelity Emerging Markets Debt Central Fund | 0.151476 |  |
| Fidelity Cash Central Fund | 0.080256 | ✓ |
| Fidelity Floating Rate Central Fund | 0.064818 |  |
| US TREASURY N/B | 0.049088 |  |
| US TREASURY N/B | 0.020497 |  |
| UNITED KINGDOM G.B. and N.IRELAND 4.125% 03/07/2031 REGS | 0.013419 |  |
| US TREASURY N/B | 0.013363 |  |
| Bundesrepublik Deutschland Bundesanleihe | 0.012135 |  |
| Fidelity Securities Lending Cash Central Fund | 0.012099 | ✓ |
| iShares Broad USD High Yield Corporate Bond ETF | 0.011883 |  |
| Government of Canada | 0.010670 |  |
| GERMANY FEDERAL REPUBLIC OF 2.4% 04/18/2030 REGS | 0.010610 |  |
| US TREASURY N/B | 0.009749 |  |
| NVIDIA CORP | 0.007024 |  |
| GERMANY FEDERAL REPUBLIC OF 2.6% 08/15/2035 REGS | 0.006743 |  |
| COMFORT SYSTEMS USA INC | 0.006486 |  |
| GERMANY FEDERAL REPUBLIC OF 2.7% 09/17/2026 REGS | 0.005326 |  |
| Bundesschatzanweisungen | 0.005155 |  |
| US TREASURY N/B | 0.005053 |  |
| US TREASURY N/B | 0.004977 |  |
| FED HOME LOAN MTG CORP - GOLD 4% 04/25/2027 | 0.004974 |  |
| US TREASURY N/B | 0.004889 |  |
| EchoStar Corp | 0.004751 |  |
| US TREASURY N/B | 0.004714 |  |
| US TREASURY N/B | 0.004513 |  |
| SATS 3.875 11/30/30 | 0.004295 | ✓ |
| US TREASURY N/B | 0.004256 |  |
| ACRISURE HOLDINGS INC SER B-1 PC PP | 0.004226 | ✓ |
| FEDERAL FARM CREDIT BANKS VFAC SOFR+16.5 01/19/2029 | 0.004200 |  |
| FEDERAL FARM CREDIT BANKS VFAC SOFR+12 06/12/2028 | 0.003904 |  |
| Bank of America Corp., Series FF | 0.003894 |  |
| TAIWAN SEMIC MFG CO LTD SP ADR | 0.003862 |  |
| FHMS K061 A2 | 0.003862 |  |
| US TREASURY N/B | 0.003823 |  |
| EG GLOBAL FINANCE PLC SR SECURED 144A 11/28 12 | 0.003739 | ✓ |
| GMAC LLC | 0.003663 |  |
| US TREASURY N/B | 0.003525 |  |
| FHMS K739 A2 | 0.003442 |  |
| META PLATFORMS INC CL A | 0.003284 |  |
| US TREASURY N/B | 0.003053 |  |
| ALPHABET INC CL A | 0.003045 |  |
| VERTIV HOLDINGS CO | 0.003025 |  |
| US TREASURY N/B | 0.002978 |  |
| US TREASURY N/B | 0.002965 |  |
| SWITZERLAND CONFEDERATION 3.5% 04/08/2033 REGS | 0.002961 |  |
| US TREASURY N/B | 0.002855 |  |
| GERMANY FEDERAL REPUBLIC OF 2.5% 02/15/2035 REGS | 0.002835 |  |
| US TREASURY N/B | 0.002817 |  |
| US TREASURY N/B | 0.002791 |  |
| US TREASURY N/B | 0.002784 |  |

## Fidelity High Income Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Fidelity Securities Lending Cash Central Fund | 0.062596 | ✓ |
| Fidelity Cash Central Fund | 0.037308 | ✓ |
| US TREASURY N/B | 0.016424 |  |
| SANCHEZ TERM 1LN DIP 12/31/2055 | 0.013527 | ✓ |
| SATS 3.875 11/30/30 | 0.008262 | ✓ |
| SPIN HOLDCO INC. TL | 0.004920 |  |
| 1261229 BC Ltd | 0.004815 | ✓ |
| SATS 6.75 11/30/30 | 0.004689 | ✓ |
| APLD COMPUTECO LLC SR SECURED 144A 12/30 9.25 | 0.004343 | ✓ |
| UNITED PLANET FITNESS TERM 1LN 12/30/2026 | 0.004160 | ✓ |
| POWBUY 8.5 02/15/31 144A | 0.004152 | ✓ |
| BAUSCH HEALTH TERM B 1LN 10/08/2030 | 0.004105 | ✓ |
| QUIKRETE HOLDINGS INC SR SECURED 144A 03/32 6.375 | 0.004083 |  |
| ORACLE CORP | 0.003777 |  |
| REDFIN CORP SR UNSECURED 04/27 0.5 | 0.003748 |  |
| PG&E CORP SR SEC 1ST LIEN 5.25% 07-01-30 | 0.003645 | ✓ |
| MEDLINE BORROWER/MEDL CO SR SECURED 144A 04/29 6.25 | 0.003596 |  |
| SOTHEBY'S SR SECURED 144A 10/27 7.375 | 0.003570 |  |
| MXCN 5 1/8 10/15/27 | 0.003515 |  |
| CHS/Community Health Systems, Inc. | 0.003514 | ✓ |
| CHS/Community Health Systems, Inc. | 0.003460 | ✓ |
| LGI HOMES INC REGD 144A P/P 7.00000000 | 0.003347 |  |
| NEW FORTRESS ENERGY TERM B 1LN 10/30/2028 | 0.003334 | ✓ |
| Consolidated Energy Finance SA | 0.003326 |  |
| ALCOA NEDERLAND HOLDING REGD 144A P/P 7.12500000 | 0.003320 | ✓ |
| MPW 5 10/15/27 | 0.003283 | ✓ |
| Whirlpool Corp. | 0.003225 |  |
| ROYAL CARIBBEAN CRUISES SR UNSECURED 144A 09/31 5.625 | 0.003195 |  |
| WAYFAIR LLC SR SECURED 144A 09/30 7.75 | 0.003186 |  |
| ENTG 4.75 04/15/29 144A | 0.003185 |  |
| Vertical US Newco Inc | 0.003116 |  |
| QXO BUILDING PRODUCTS SR SECURED 144A 04/32 6.75 | 0.003099 |  |
| X Corp., Term Loan B | 0.003059 |  |
| FRTITA 6.75 01/15/30 144A | 0.003025 | ✓ |
| CORPBOND | 0.003020 | ✓ |
| UVN 8.5 07/31/31 144A | 0.002999 | ✓ |
| PLAINS ALL AMERN PIPELINE LP TSFR3M+437.161 PERP | 0.002982 |  |
| ENTG 5.95 06/15/30 144A | 0.002900 |  |
| EG GLOBAL FINANCE PLC SR SECURED 144A 11/28 12 | 0.002896 | ✓ |
| DVA 4.625 06/01/30 144A | 0.002882 | ✓ |
| BRAND INDUSTRIAL SERVICE SR SECURED 144A 08/30 10.375 | 0.002854 | ✓ |
| MOLINA HEALTHCARE INC SR UNSECURED 144A 01/33 6.25 | 0.002831 |  |
| VIKING CRUISES LTD SR UNSECURED 144A 10/33 5.875 | 0.002814 |  |
| SFRFP 6.5 10/15/31 144A | 0.002804 | ✓ |
| California Buyer Ltd. / Atlantica Sustainable Infrastructure PLC | 0.002780 |  |
| Cloud Software Group Inc | 0.002775 |  |
| CoreWeave, Inc. | 0.002764 | ✓ |
| Wayfair LLC | 0.002750 | ✓ |
| HLT 3.625 02/15/32 144A | 0.002733 |  |
| LIQUID TELECOMMUNICATIONS FINANCING PLC 5.5% 09/04/2026 144A | 0.002733 |  |


## Sources

- N-PORT (fund A) — accession `0000035402-26-003300` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/795422/000003540226003300/0000035402-26-003300-index.htm>
- N-PORT (fund B) — accession `0000035402-26-001986` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/225322/000003540226001986/0000035402-26-001986-index.htm>

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_Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._

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