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.
Will FFRAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FFRAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FFRAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of FFRAX’s parent organization’s priorities and whether they’re in line with investors’ interests.