FBNAX is a mutual fund offered by Fidelity Advisor that focuses on short-term bond investments. This Class A fund aims to provide investors with a stable and low-risk option for their portfolio. It primarily invests in high-quality, short-term fixed income securities, such as government and corporate bonds, with the goal of generating income and preserving capital. FBNAX is suitable for investors looking for a conservative investment option with a shorter time horizon.