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Fidelity® Floating Rate High Income

FFRHX
9.38
+0.00
+0.01%
5/27/2016
5 Years
  • Previous Close

    9.38

  • Net Assets

    5.53B

  • Yield

    4.17%

  • Front load

    None

  • Expenses

    0.70%

  • Category

    Bank Loan

  • Morningstar Risk

    Below Average

  • Morningstar Rating ★★★★
Profile

Name of Issuer

Fidelity Investments

Fund Style

Open

Fund Manager

Eric Mollenhauer

Investment Style

Large Value

The investment seeks a high level of current income. The fund invests at least 80% of assets in floating rate loans, which are often lower-quality debt securities, and other floating rate securities. It invests in companies in troubled or uncertain financial condition. The fund invests in money market and investment-grade debt securities, and repurchase agreements. It invests in domestic and foreign issuers. The fund uses fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.

Purchase Information

Initial Purchase 2,500
Initial Purchase: IRA 2,500
Initial Purchase: AIP NA

Inception

9/19/2002

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