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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 9.26  /  0.02 %
  • Total Assets 11.6 Bil
  • Adj. Expense Ratio
    0.720%
  • Expense Ratio 0.720%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 7.68%
  • Effective Duration —

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 10:16 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 risk-conscious bank-loan offering.

Senior Analyst Sam Kulahan

Sam Kulahan

Senior Analyst

Summary

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 are rated Neutral.

by Sam Kulahan
Rated on Published on

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Portfolio Holdings FFRIX

More FFRIX Holdings
  • Current Portfolio Date
  • Equity Holdings 11
  • Bond Holdings 576
  • Other Holdings 16
  • % Assets in Top 10 Holdings 10.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Revere Str Tr

3.21
358,020,119
Cash and Equivalents

GREAT OUTDOORS TM B2 1LN 03/28

2.73
304,205,937
Corporate

GOLDEN NUGGET TM B 1LN 01/29

1.07
119,311,554
Corporate

INTELSAT TERM 1LN 02/01/2029

1.03
114,757,997
Corporate

ELDORADO RES TM B 1LN 1/26/30

0.93
103,562,123
Corporate

Cash Offsets For Shorts & Derivatives

0.84
94,101,699
Cash and Equivalents

Fidelity Direct Lending Fd (Unit)

0.78
87,243,364
—

INTERNET BRANDS TM B 1LN 04/28

0.76
84,499,253
Corporate

PERATON TERM B 1LN 03/02/28

0.73
81,612,725
Corporate

HUNTER DOUGLAS TM B 1LN 02/29

0.72
80,376,992
Corporate