Morningstar

Fidelity Advisor Floating Rate High Income Fund - Class Z FIQSX

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  • NAV / 1-Day Return $8.92  /  −0.11 %
  • Fund Size $15.1B
  • Adjusted Expense Ratio 0.670%
  • Net Expense Ratio 0.580%
  • Fee Level: Distribution Below Average
  • Share Class Type Institutional
  • Morningstar Category Bank Loan
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 6.91%
  • Average Effective Duration —
NAV and 1-Day Return as of

Morningstar’s Analysis FIQSX

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

  • People Pillar

    The People Pillar is our evaluation of the FIQSX 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 FIQSX’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
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Portfolio Holdings FIQSX

More FIQSX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Cash Central Fund

7.03 1B
Cash and Equivalents

BASS PRO TERM B 1LN 01/23/32

2.53 368M
Corporate

GOLDEN NUGGET TM B 1LN 01/29

1.18 171M
Corporate

Acrisure Term B6 1ln 11/06/30

1.06 154M
Corporate

SOLERA TERM B 1LN 6/2/28

0.94 136M
Corporate

Fid Private Credit Co Llc

0.92 134M
—

UKG TERM B 1LN 2/10/31

0.81 118M
Corporate

Neptune Funding Corporation 0%

0.80 117M
Cash and Equivalents

Asurion Tm B14 1ln 02/23/33

0.78 114M
Corporate

Warnermedia 1 Term B 06/33

0.76 111M
Corporate

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