Morningstar

Fidelity Advisor Floating Rate High Income Fund - Class I FFRIX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 9.00  /  +0.11 %
  • Total Assets 14.4B
  • Adj. Expense Ratio
    0.770%
  • Expense Ratio 0.680%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 7.01%
  • Effective Duration —

USD | NAV as of Jul 14, 2026 | 1-Day Return as of Jul 14, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FFRIX

Will FFRIX outperform in the 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.

Dependable.

Senior Analyst Max Curtin

Max Curtin

Senior Analyst

Summary

Fidelity Floating Rate High Income’s team depth and platform scale make for a formidable combination and place it among the best dedicated bank-loan strategies.

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 11.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
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BASS PRO TERM B 1LN 01/23/32

2.66 369M
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GOLDEN NUGGET TM B 1LN 01/29

1.22 170M
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Acrisure Term B6 1ln 11/06/30

1.16 162M
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SOLERA TERM B 1LN 6/2/28

0.96 134M
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Fid Private Credit Co Llc

0.94 130M
—

Asurion Tm B14 1ln 02/23/33

0.86 120M
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UKG TERM B 1LN 2/10/31

0.86 119M
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Neptune Bid Us 1 Tm B 02/33

0.83 115M
Corporate

Allied Univeral Tm B 1ln 08/32

0.80 111M
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