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Fidelity Floating Rate High Income CN F

FID2674
9.86
+0.00
+0.04%
2017-10-20
5 Years
  • Previous Close

    9.86

  • Net Assets

    9.17M

  • Yield

    3.44%

  • Front load

    None

  • Expenses

    -

  • Category

    Floating Rate Loans

  • Morningstar Risk

    Average

  • Morningstar Rating ★★★
Profile

Name of Issuer

Fidelity Investments Canada ULC

Fund Style

Open

Fund Manager

Eric Mollenhauer

Investment Style

-

The Fund aims to provide a steady flow of income. It seeks a similar return to its underlying fund, which is also managed by Fidelity, by investing substantially all of its assets in units of that fund. The Fund also uses derivatives to try to minimize the exposure to currency fluctuations between the US and Canadian dollars. The underlying fund aims to provide a steady flow of income by investing primarily in floating rate debt instruments and other floating rate securities of issuers located in the United States or that are denominated in US dollars.

Purchase Information

Initial Purchase 500
Initial Purchase: IRA 500
Initial Purchase: AIP 25

Inception

2014-05-28

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