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FFRBX Fidelity Advisor® Floating Rate Hi Inc B

  • Fund
  • FFRBX
  • Price as of: Jul 26, 2004
  • $9.93
  • - $0.00
  • - 0.00%
  • Category
  • Bank Loan

FFRBX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 0.2%
  • 5 Yr Annualized Return N/A
  • Net Assets $9.19 B
  • Holdings in Top 10 15.4%

52 WEEK LOW AND HIGH

$9.93
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.46%

SALES FEES

  • Front Load N/A
  • Deferred Load 3.50%

BROKERAGE FEES

  • Turnover 26.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

Closed to new investors as of 2010-09-01

STANDARD (TAXABLE)

$2,500

IRA

$500

Investment Themes

CATEGORY

Bank Loan
  • Fund Type Open End Mutual Fund
  • Investment Style Bank Loan

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.38%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Fidelity® Floating Rate High Income Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Aug 16, 2000
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Eric Mollenhauer

FFRBX - Performance

Return Ranking - Trailing

Period FFRBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -0.9% 7.3% 68.57% 5
1 Yr 1.3% -1.0% 11.0% 96.68% 5
3 Yr 0.2% * -0.5% 5.5% 97.60% 5
5 Yr N/A * 1.2% 7.3% N/A N/A
10 Yr N/A * 0.0% 5.7% N/A N/A

* Annualized


Return Ranking - Calendar

Period FFRBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 0.0% -12.2% 0.0% 0.48% 1
2014 0.0% -6.9% 0.0% 0.49% 1
2013 0.0% -1.3% 12.5% 64.20% 5
2012 0.0% 0.0% 11.2% 67.47% 5
2011 0.0% -8.7% 0.0% 0.85% 1

Total Return Ranking - Trailing

Period FFRBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -0.9% 10.3% 71.90% 5
1 Yr 1.6% -1.3% 11.0% 94.31% 5
3 Yr 0.3% * -0.7% 5.5% 94.23% 5
5 Yr N/A * 1.2% 7.3% N/A N/A
10 Yr N/A * 0.0% 5.7% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period FFRBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 0.0% -12.2% 2.9% 5.26% 1
2014 0.0% -6.9% 2.9% 10.73% 1
2013 0.0% -1.3% 12.5% 66.48% 5
2012 0.0% 0.0% 16.9% 69.28% 5
2011 0.0% -8.7% 1.6% 4.24% 1

NAV & Total Return History

FFRBX - Holdings

Filings data as of: Jan 31, 2016

Concentration Analysis

FFRBX Category Low Category High FFRBX % Rank Quintile
Net Assets 9.19 B 22.3 M 12.7 B 1.90% 1
Number of Holdings 374 50 1092 12.80% 3
Net Assets in Top 10 1.42 B -385 M 1.55 B 0.95% 1
Weighting of Top 10 15.4% 5.5% 239.0% 8.06% 2

Top 10 Holdings

  1. Community Health Term H 01/21 2.13%
  2. Albertsons Term B-4 08/25/21 2.10%
  3. Dell Term B2 04/29/20 1.82%
  4. Altice Financing Trm B 6/24/19 1.54%
  5. Caesars Growth Term 1ln 5/21 1.52%
  6. Hilton Worldwid Trm B 10/25/20 1.52%
  7. Laureate Edu Term B 06/16/18 1.33%
  8. Hca Term B-5 03/31/17 1.19%
  9. Intelsat Jackson Term B-2 6/19 1.13%
  10. Caesars Prop Tm B 1ln 10/11/20 1.07%

Asset Allocation

Weighting Category Low Category High FFRBX % Rank Quintile
Bonds
89.20% -13.82% 100.04% 15.17% 3
Cash
10.54% -0.49% 106.91% 5.69% 1
Stocks
0.26% 0.00% 6.19% 9.48% 3
Convertible Bonds
0.00% 0.00% 1.34% 5.21% 4
Preferred Stocks
0.00% 0.00% 0.72% 5.69% 5
Other
0.00% -5.92% 9.74% 24.17% 5

Stock Sector Breakdown

Weighting Category Low Category High FFRBX % Rank Quintile
Basic Materials
0.21% 0.00% 1.65% 5.10% 2
Consumer Cyclical
0.02% 0.00% 0.94% 8.28% 3
Communication Services
0.01% 0.00% 0.23% 3.82% 1
Financial Services
0.00% 0.00% 0.10% 1.27% 4
Healthcare
0.00% 0.00% 0.07% 1.27% 4
Industrials
0.00% 0.00% 0.02% 1.27% 4
Energy
0.00% 0.00% 1.33% 5.10% 4
Real Estate
0.00% 0.00% 0.61% 1.27% 4
Consumer Defense
0.00% 0.00% 0.19% 4.46% 4
Technology
0.00% 0.00% 0.01% 1.27% 4
Utilities
0.00% 0.00% 0.44% 3.18% 4

Stock Geographic Breakdown

Weighting Category Low Category High FFRBX % Rank Quintile
US
0.26% 0.00% 6.19% 9.48% 3
Non US
0.00% 0.00% 0.17% 3.79% 4

Bond Sector Breakdown

Weighting Category Low Category High FFRBX % Rank Quintile
Corporate
89.20% 0.00% 97.87% 6.16% 2
Cash & Equivalents
10.54% -0.51% 164.55% 4.74% 1
Securitized
0.00% 0.00% 29.03% 16.11% 5
Derivative
0.00% -33.31% 42.51% 2.84% 4
Municipal
0.00% 0.00% 1.96% 1.90% 4
Government
0.00% -135.51% 13.69% 9.48% 4

Bond Geographic Breakdown

Weighting Category Low Category High FFRBX % Rank Quintile
US
66.08% -81.40% 96.17% 19.91% 4
Non US
23.12% 0.00% 84.99% 7.58% 2

FFRBX - Expenses

Operational Fees

FFRBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.46% 0.56% 2.81% 15.17% 4
Management Fee 0.56% 0.15% 1.02% 8.06% 2
12b-1 Fee 0.70% 0.00% 1.00% 3.29% 4
Administrative Fee N/A 0.01% 0.40% N/A N/A

Sales Fees

FFRBX Fees (% of AUM) Category Low Category High FFRBX Rank Quintile
Front Load N/A 0.75% 5.75% N/A N/A
Deferred Load 3.50% 1.00% 5.00% 5.45% 5

Trading Fees

FFRBX Fees (% of AUM) Category Low Category High FFRBX Rank Quintile
Max Redemption Fee 1.00% 1.00% 2.00% 4.44% 2

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FFRBX Fees (% of AUM) Category Low Category High FFRBX Rank Quintile
Turnover 26.00% 5.00% 168.00% 18.01% 1

FFRBX - Distributions

Dividend Yield Analysis

FFRBX Category Low Category High FFRBX % Rank Quintile
Dividend Yield 0.3% 0.14% 1.25% 56.94% 5

Dividend Distribution Analysis

FFRBX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FFRBX Category Low Category High FFRBX % Rank Quintile
Net Income Ratio 3.38% 1.34% 5.77% 49.76% 4

Capital Gain Distribution Analysis

FFRBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

FFRBX - Managers

Eric Mollenhauer

Manager

Start Date

Apr 01, 2013

Tenure

3.17

Tenure Rank

14.2%

Eric Mollenhauer is a portfolio manager and director of High Yield Research for Fidelity Investments. He is responsible for overseeing Fidelity's high-yield research professionals and resources and portfolio management for the high-yield portion of Fidelity Canadian Funds. Mr. Mollenhauer joined Fidelity in 1993. He transitioned to the High Yield group within Fidelity in 1995. He assumed his current role in July 2003. Mr. Mollenhauer received a Bachelor of Arts degree in business administration from Gordon College. He is a Chartered Financial Analyst.


Tenure Analysis

Category Low

0.1

Category High

20.3

Category Average

5.9

Category Mode

1.9