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Fidelity Floating Rate High Income Message Board

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  • pupu0495 pupu0495 Dec 5, 2012 9:55 PM Flag

    you guys are laughable. why touch bank loan mutual fund amid global interest rate downtrend?

    amid global interest rate downtrend. the fund manager done a pretty good job delivery yield better than current 30yrs yield. you should be grateful...

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    • The 30yr is NOT an comparable benchmark & a "Good Job" for .70 bps isn't anything to cheer over, especially when underperforming the LL-Benchmark & having a yield thats NOT "High" per se, as compared to BKLN, SNLN, or High Yield funds, with similar rated debt instruments paying 200+ bps or more. The investment philosphy needs to adapt to the market & be maleable. Favoring a Cap size company, cash horde or credit quality can have benchmark swinging ramifications.

      This fund theoretically should thrive in a rising rate environment, but until then & especially after '08s feeble performance, I'm ambivalent....

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