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Fidelity Advisor Floating Rate Hi Inc A (FFRAX)

9.31 0.00 (0.00%)
As of 8:06 AM EDT. Market Open.

Fund Summary

The fund invests atleast 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 adviser uses fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.

Risk Overview

Morningstar Risk Rating
Best 1Y Total Return 28.45%
Worst 1Y Total Return --
Number of Years Up 19
Number of Years Down 4

Performance & Risk

YTD Return 2.63%
5y Average Return 4.59%
Rank in Category (ytd) 47
% Rank in Category (ytd) --
Beta (5Y Monthly) 0.21
Morningstar Risk Rating

Risk Statistics

3 Years5 Years10 Years
FFRAXCategory AverageFFRAXCategory AverageFFRAXCategory Average
Alpha 3.68 0.01 3.19 0.03 2.44 0.03
BETA 0.21 0 0.23 0 0.17 0
Mean Annual Return 0.46 0 0.41 0 0.33 0
R-squared 16.11 0.01 4.07 0.01 2.31 0
Standard Deviation 3.94 0.08 6.96 0.06 5.37 0.05
Sharpe Ratio 0.69 0 0.41 0 0.46 0.01
Treynor Ratio 12.43 0.11 11.62 0.2 14.01 0.43

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