FFRHX: Fidelity® Floating Rate High Income

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FFRHX Fidelity® Floating Rate High Income


Profile

FFRHX - Profile

Vitals

  • YTD Return -4.7%
  • 3 Yr Annualized Return -2.1%
  • 5 Yr Annualized Return -1.0%
  • Net Assets $6.81 B
  • Holdings in Top 10 13.4%

52 WEEK LOW AND HIGH

$9.04
$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


Distributions

  • YTD Total Return -4.7%
  • 3 Yr Annualized Total Return -2.0%
  • 5 Yr Annualized Total Return -1.0%
  • 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.


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Categories

Fund Company Quick Screens

FFRHX - Fund Company Quick Screens


Performance

FFRHX - Performance

Return Ranking - Trailing

Period FFRHX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.7% -100.0% 280.6% 59.54%
1 Yr -4.6% -100.0% 281.1% 62.60%
3 Yr -2.1%* -6.4% 55.5% 43.29%
5 Yr -1.0%* -4.1% 30.7% 38.50%
10 Yr -0.6%* -2.0% 0.2% 42.72%

* Annualized

Return Ranking - Calendar

Period FFRHX Return Category Return Low Category Return High Rank in Category (%)
2019 3.2% -8.1% 5.7% 36.33%
2018 -4.4% -12.2% 0.1% 31.95%
2017 -0.2% -2.7% 2.5% 45.25%
2016 5.6% -0.4% 12.9% 30.92%
2015 -5.1% -12.5% -0.8% 51.56%

Total Return Ranking - Trailing

Period FFRHX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.7% -100.0% 280.6% 59.54%
1 Yr -4.6% -100.0% 281.1% 62.60%
3 Yr -2.0%* -6.4% 55.5% 55.41%
5 Yr -1.0%* -4.1% 30.7% 48.50%
10 Yr -0.5%* -2.0% 2.2% 35.92%

* Annualized

Total Return Ranking - Calendar

Period FFRHX Return Category Return Low Category Return High Rank in Category (%)
2019 3.2% -8.1% 5.7% 37.89%
2018 -4.2% -12.2% 2.5% 34.85%
2017 -0.2% -2.5% 7.2% 47.51%
2016 5.6% -0.1% 12.9% 39.13%
2015 -5.1% -12.5% 1.6% 58.33%

NAV & Total Return History


Holdings

FFRHX - Holdings

Concentration Analysis

FFRHX Category Low Category High FFRHX % Rank
Net Assets 6.81 B 11.2 M 7.47 B 2.69%
Number of Holdings 435 30 1156 24.15%
Net Assets in Top 10 922 M -109 M 922 M 1.89%
Weighting of Top 10 13.44% 6.4% 86.6% 47.92%

Top 10 Holdings

  1. BASS PRO ESCROW TRM B 09/25/24 3.07%
  2. CHTR COMM TERM B2 1LN 02/01/27 1.60%
  3. INTELSAT TERM B-3 11/27/23 1.57%
  4. CAESARS RESORT TRM B 1LN 12/24 1.35%
  5. LINEAGE LOGISTICS TERM B 02/25 1.16%
  6. MICRO FOCUS TERM B-3 06/21/24 1.06%
  7. GOLDEN NUGGET TM B 1LN 10/4/23 0.92%
  8. ASURION TERM B2 2LN 08/04/25 0.91%
  9. FRONTIER COM TRM B 1LN 6/15/24 0.91%
  10. WESTINGHOUSE TERM B 1LN 8/1/25 0.89%

Asset Allocation

Weighting Return Low Return High FFRHX % Rank
Bonds
95.52% 81.85% 138.26% 44.53%
Cash
3.92% -38.40% 12.20% 56.23%
Stocks
0.55% 0.00% 1.72% 22.26%
Preferred Stocks
0.00% 0.00% 1.08% 81.51%
Other
0.00% -4.05% 6.96% 80.38%
Convertible Bonds
0.00% 0.00% 2.59% 78.87%

Stock Sector Breakdown

Weighting Return Low Return High FFRHX % Rank
Energy
89.75% 0.00% 100.00% 14.14%
Communication Services
10.24% 0.00% 100.00% 54.04%
Financial Services
0.01% 0.00% 100.00% 17.17%
Utilities
0.00% 0.00% 100.00% 75.76%
Technology
0.00% 0.00% 100.00% 80.30%
Real Estate
0.00% 0.00% 41.30% 72.73%
Industrials
0.00% 0.00% 100.00% 78.28%
Healthcare
0.00% 0.00% 100.00% 78.28%
Consumer Defense
0.00% 0.00% 0.92% 75.25%
Consumer Cyclical
0.00% 0.00% 100.00% 82.83%
Basic Materials
0.00% 0.00% 100.00% 75.76%

Stock Geographic Breakdown

Weighting Return Low Return High FFRHX % Rank
US
0.33% 0.00% 1.71% 23.02%
Non US
0.22% 0.00% 0.53% 3.77%

Bond Sector Breakdown

Weighting Return Low Return High FFRHX % Rank
Corporate
96.05% 0.00% 99.76% 21.51%
Cash & Equivalents
3.95% 0.08% 68.77% 62.64%
Derivative
0.00% 0.00% 20.26% 75.85%
Securitized
0.00% 0.00% 97.90% 83.40%
Municipal
0.00% 0.00% 98.79% 75.47%
Government
0.00% 0.00% 4.91% 76.60%

Bond Geographic Breakdown

Weighting Return Low Return High FFRHX % Rank
US
83.85% 8.71% 98.79% 34.34%
Non US
11.67% 0.00% 94.43% 71.32%

Expenses

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% 90.91%
Management Fee 0.55% 0.00% 1.00% 27.65%
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 0.75% 5.00% N/A
Deferred Load N/A 1.00% 5.00% 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% 19.62%

Distributions

FFRHX - Distributions

Dividend Yield Analysis

FFRHX Category Low Category High FFRHX % Rank
Dividend Yield 0.00% 0.00% 4.29% 74.24%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FFRHX Category Low Category High FFRHX % Rank
Net Income Ratio 5.16% 1.40% 10.03% 29.17%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FFRHX - Fund Manager Analysis

Managers

Eric Mollenhauer


Start Date

Tenure

Tenure Rank

Apr 01, 2013

7.42

7.4%

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

1.75

1.8%

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 16.78 5.54 2.93