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Morningstar

Fidelity Advisor Floating Rate Hi Inc I FFRIX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 9.28  /  +0.02 %
  • Total Assets 13.8 Bil
  • Adj. Expense Ratio
    0.710%
  • Expense Ratio 0.760%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 8.39%
  • Effective Duration —

USD | NAV as of Apr 22, 2024 | 1-Day Return as of Apr 22, 2024, 10:14 PM GMT+0

Morningstar’s Analysis FFRIX

Will FFRIX 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 FFRIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FFRIX 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 FFRIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A topnotch bank-loan strategy.

Associate Analyst Max Curtin

Max Curtin

Associate Analyst

Summary

Fidelity Advisor Floating Rate High Income’s long-term prospects for success relative to best-in-class dedicated bank-loan offerings underlie its appeal and warrant a Process upgrade to High from Above Average.

by Max Curtin
Rated on Published on

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Portfolio Holdings FFRIX

More FFRIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Cash Central Fund

9.62 1.3 Bil
Cash and Equivalents

GREAT OUTDOORS TM B2 1LN 03/28

2.32 309.1 Mil
Corporate

GOLDEN NUGGET TM B 1LN 01/29

1.09 145.1 Mil
Corporate

SOLERA TERM B 1LN 6/2/28

0.93 123.2 Mil
Corporate

MEDLINE TERM B 1LN 10/23/28

0.81 108.1 Mil
Corporate

NOVOLEX TERM 1LN 04/13/29

0.80 106.7 Mil
Corporate

ELDORADO RES TM B 1LN 1/26/30

0.77 103.0 Mil
Corporate

INTERNET BRANDS TM B 1LN 05/28

0.77 102.6 Mil
Corporate

Fidelity Direct Lending Fd (Unit)

0.75 100.3 Mil
—

PERATON TERM B 1LN 03/02/28

0.74 98.4 Mil
Corporate