Topnotch research and a circumspect strategy focused on ferreting out risk and maintaining liquidity earn Morningstar Analyst Ratings of Silver for Fidelity Floating Rate High Income's cheapest share classes and Neutral ratings for its more costly options.
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.