FFRHX: Fidelity Advisor® Floating Rate High Income Fund - MutualFunds.com

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Fidelity® Floating Rate High Income

FFRHX - Snapshot

Vitals

  • YTD Return -3.7%
  • 3 Yr Annualized Return 2.3%
  • 5 Yr Annualized Return 3.5%
  • Net Assets $6.58 B
  • Holdings in Top 10 15.9%

52 WEEK LOW AND HIGH

$9.12
$7.36
$9.53

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.68%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 22.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

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

Compare FFRHX to Popular Bank Loan Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$9.13

+0.22%

$6.58 B

4.07%

$0.37

-3.69%

-

$8.18

+0.12%

$5.65 B

4.91%

$0.40

-7.47%

-

$10.29

+0.10%

$5.32 B

4.57%

$0.47

-4.01%

-

$8.64

+0.12%

$4.89 B

3.81%

$0.33

-2.37%

-

$21.96

-0.05%

$3.96 B

3.82%

$0.84

-3.64%

-

FFRHX - Profile

Distributions

  • YTD Total Return -3.7%
  • 3 Yr Annualized Total Return 2.3%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.16%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity Advisor® Floating Rate High Income Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Sep 19, 2002
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Eric Mollenhauer

Fund Description

The fund invests at least 80% of assets in floating rate loans, which are often lower-quality debt securities, and other floating rate securities. It invests in companies in troubled or uncertain financial condition. The fund invests in money market and investment-grade debt securities, and repurchase agreements. It invests in domestic and foreign issuers. The fund uses fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.


FFRHX - Performance

Return Ranking - Trailing

Period FFRHX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.7% -15.4% 284.9% 49.31%
1 Yr -0.1% -8.4% 6.5% 44.71%
3 Yr 2.3%* -3.0% 4.9% 25.18%
5 Yr 3.5%* 0.2% 5.8% 28.79%
10 Yr 3.2%* 1.5% 6.2% 61.18%

* Annualized

Return Ranking - Calendar

Period FFRHX Return Category Return Low Category Return High Rank in Category (%)
2019 3.2% -4.9% 7.5% 40.29%
2018 -4.4% -9.7% 5.5% 27.92%
2017 -0.2% -4.2% 3.7% 42.74%
2016 5.6% -65.0% 12.9% 33.92%
2015 -5.1% -15.5% 0.6% 45.75%

Total Return Ranking - Trailing

Period FFRHX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.7% -15.4% 284.9% 48.96%
1 Yr -0.1% -10.6% 5.5% 33.45%
3 Yr 2.3%* -3.3% 4.6% 21.58%
5 Yr 3.5%* 0.2% 5.8% 24.62%
10 Yr 3.2%* 1.5% 6.2% 55.92%

* Annualized

Total Return Ranking - Calendar

Period FFRHX Return Category Return Low Category Return High Rank in Category (%)
2019 3.2% -4.9% 7.5% 41.73%
2018 -4.2% -9.7% 5.5% 30.94%
2017 -0.2% -4.2% 7.2% 44.40%
2016 5.6% -65.0% 12.9% 41.85%
2015 -5.1% -15.5% 4.8% 51.89%

NAV & Total Return History


FFRHX - Holdings

Concentration Analysis

FFRHX Category Low Category High FFRHX % Rank
Net Assets 6.58 B 7.25 M 6.58 B 1.75%
Number of Holdings 432 13 1173 27.24%
Net Assets in Top 10 1.09 B -149 M 1.09 B 1.66%
Weighting of Top 10 15.94% 5.8% 91.3% 33.33%

Top 10 Holdings

  1. Fidelity Revere Str Tr 3.51%
  2. BASS PRO ESCROW TRM B 09/25/24 3.09%
  3. BASS PRO ESCROW TRM B 09/25/24 3.09%
  4. BASS PRO ESCROW TRM B 09/25/24 3.09%
  5. BASS PRO ESCROW TRM B 09/25/24 3.09%
  6. BASS PRO ESCROW TRM B 09/25/24 3.09%
  7. BASS PRO ESCROW TRM B 09/25/24 3.09%
  8. BASS PRO ESCROW TRM B 09/25/24 3.09%
  9. BASS PRO ESCROW TRM B 09/25/24 3.09%
  10. BASS PRO ESCROW TRM B 09/25/24 3.09%

Asset Allocation

Weighting Return Low Return High FFRHX % Rank
Bonds
95.40% 17.13% 102.42% 46.84%
Cash
4.05% -2.53% 82.86% 51.16%
Stocks
0.56% 0.00% 6.23% 23.26%
Preferred Stocks
0.00% 0.00% 19.93% 81.06%
Other
0.00% -4.37% 11.49% 83.72%
Convertible Bonds
0.00% 0.00% 2.69% 87.04%

Stock Sector Breakdown

Weighting Return Low Return High FFRHX % Rank
Energy
89.75% 0.00% 100.00% 10.19%
Communication Services
10.24% 0.00% 100.00% 52.78%
Financial Services
0.01% 0.00% 100.00% 16.67%
Utilities
0.00% 0.00% 100.00% 80.56%
Technology
0.00% 0.00% 100.00% 84.72%
Real Estate
0.00% 0.00% 44.21% 75.00%
Industrials
0.00% 0.00% 100.00% 84.26%
Healthcare
0.00% 0.00% 100.00% 76.85%
Consumer Defense
0.00% 0.00% 99.68% 78.24%
Consumer Cyclical
0.00% 0.00% 99.69% 90.28%
Basic Materials
0.00% 0.00% 20.95% 81.02%

Stock Geographic Breakdown

Weighting Return Low Return High FFRHX % Rank
US
0.34% 0.00% 2.93% 28.57%
Non US
0.22% -0.18% 3.40% 2.99%

Bond Sector Breakdown

Weighting Return Low Return High FFRHX % Rank
Corporate
95.93% 0.00% 99.99% 27.33%
Cash & Equivalents
4.07% 0.00% 82.87% 59.00%
Derivative
0.00% 0.00% 11.97% 74.00%
Securitized
0.00% 0.00% 100.00% 82.67%
Municipal
0.00% 0.00% 0.14% 75.33%
Government
0.00% 0.00% 8.64% 72.00%

Bond Geographic Breakdown

Weighting Return Low Return High FFRHX % Rank
US
84.35% 6.20% 99.92% 33.89%
Non US
11.05% 0.00% 93.19% 65.45%

FFRHX - Expenses

Operational Fees

FFRHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.01% 27.10% 92.73%
Management Fee 0.55% 0.00% 1.73% 22.77%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.40% N/A

Sales Fees

FFRHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 3.00% N/A

Trading Fees

FFRHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 97.67%

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.

FFRHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 22.00% 5.00% 412.00% 16.84%

FFRHX - Distributions

Dividend Yield Analysis

FFRHX Category Low Category High FFRHX % Rank
Dividend Yield 0.00% 0.00% 4.13% 74.10%

Dividend Distribution Analysis

FFRHX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

FFRHX Category Low Category High FFRHX % Rank
Net Income Ratio 5.16% 1.57% 9.15% 29.07%

Capital Gain Distribution Analysis

FFRHX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

FFRHX - Fund Manager Analysis

Managers

Eric Mollenhauer


Start Date

Tenure

Tenure Rank

Apr 01, 2013

7.59

7.6%

Eric Mollenhauer is a portfolio manager at Fidelity Management & Research Company (FMRCo), the investment advisor for Fidelity’s family of mutual funds. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and other financial products and services to more than 20 million individuals, institutions and financial intermediaries.

Kevin Nielsen


Start Date

Tenure

Tenure Rank

Nov 30, 2018

1.92

1.9%

Kevin Nielsen joined Fidelity Investments in 2006. Mr. Nielsen has worked as a research analyst and portfolio manager.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 25.52 5.64 1.67