Fidelity Floating Rate High Income’s experienced managers apply a circumspect and thorough approach, backed by a sizable research cohort. It earns a Morningstar Analyst Rating of Silver for its cheapest share classes, while its pricier shares receive a Neutral rating.
Fidelity Advisor® Floating Rate Hi Inc M FFRTX
NAV / 1-Day Return
9.10
/
0.01
%
Total Assets
13.6 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.990%
Expense Ratio
0.990%
Fee Level
Below Average
Longest Manager Tenure
9.14
years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
—Min. Initial Investment
0
Status
Open
TTM Yield
2.96%
Effective Duration
—
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will FFRTX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FFRTX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FFRTX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of FFRTX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A risk-conscious bank-loan offering.
