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Fidelity Floating Rate High Income (FFRHX)

9.81 Up 0.01(0.10%) Oct 24

Profile as of Sep 29, 2014Get Profile for:
Fidelity Floating Rate High Income
Fidelity Advisor Series I82 Devonshire StreetBoston, MA 02109
Map
Phone: 800-544-8544
Fund Overview 
Category:Bank Loan
Fund Family:Fidelity Investments
Net Assets:15.02B
Year-to-Date Return:1.23%
Yield:3.37%
Morningstar Rating:4 stars
Fund Inception Date:Sep 19, 2002
Morningstar Style Box 
Bank Loan
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Management Information 
Eric Mollenhauer
Lead Manager since Apr 1, 2013
Eric Mollenhauer is a portfolio manager and director of High Yield Research for Fidelity Investments. He is responsible for overseeing Fidelity's high-yield research professionals and resources and portfolio management for the high-yield portion of Fidelity Canadian Funds. Mr. Mollenhauer joined Fidelity in 1993. He transitioned to the High Yield group within Fidelity in 1995. He assumed his current role in July 2003. Mr. Mollenhauer received a Bachelor of Arts degree in business administration from Gordon College. He is a Chartered Financial Analyst.
Investment Information 
Min Initial Investment:2,500
Min Initial Investment, IRA:500
Min Initial Investment, AIP:200
Min Subsequent Investment:N/A
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:N/A
FFRHX can be purchased from 83 brokerages.

Fund Summary 
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.

Fund Operations 
Last Dividend (Sep 29, 2014) : 0.03
Last Cap Gain : 0.00
Annual Holdings Turnover (Oct 22, 2014) : 62.00%
Average for Category:50.99%
Fees & Expenses 
ExpenseFFRHXCategory Avg
Annual Report Expense Ratio (net):0.70%1.10%
Prospectus Net Expense Ratio:0.70%N/A
Prospectus Gross Expense Ratio:0.70%N/A
Max 12b1 Fee:N/AN/A
Max Front End Sales Load:N/A3.05%
Max Deferred Sales Load: N/A1.62%
3 Yr Expense Projection*:224467
5 Yr Expense Projection*:390734
10 Yr Expense Projection*:8711,518
* Per $10,000 invested