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Morningstar

Fidelity® Floating Rate High Income FFRHX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 9.14  /  0.02 %
  • Total Assets 11.9 Bil
  • Adj. Expense Ratio
    0.680%
  • Expense Ratio 0.680%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 5.05%
  • Effective Duration —

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 11:12 PM GMT+00:00

Morningstar’s Analysis FFRHX

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

People Pillar

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

A risk-conscious bank-loan offering.

Analyst

Summary

| by Sam Kulahan

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 rating.

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