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Fidelity Advisor Floating Rate High Income Fund
FFRTX (Mutual Fund)
Fidelity Advisor Floating Rate High Income Fund
Name
As of 11/04/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
7.4%
1 yr return
9.4%
3 Yr Avg Return
6.0%
5 Yr Avg Return
5.3%
Net Assets
$13.5 B
Holdings in Top 10
16.1%
52 WEEK LOW AND HIGH
$9.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.03%
SALES FEES
Front Load 2.75%
Deferred Load N/A
TRADING FEES
Turnover 31.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/04/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FFRTX - Profile
Distributions
- YTD Total Return 7.4%
- 3 Yr Annualized Total Return 6.0%
- 5 Yr Annualized Total Return 5.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.16%
- Dividend Yield 7.9%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFidelity Advisor Floating Rate High Income Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateOct 16, 2000
-
Shares OutstandingN/A
-
Share ClassM
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerEric Mollenhauer
Fund Description
Normally investing at least 80% of assets in floating rate loans, which are often lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds), and other floating rate securities.Investing in companies in troubled or uncertain financial condition.Investing in money market and investment-grade debt securities, and repurchase agreements.Investing in domestic and foreign issuers.Using fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.
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FFRTX - Performance
Return Ranking - Trailing
| Period | FFRTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.4% | -3.5% | 10.0% | 50.56% |
| 1 Yr | 9.4% | -3.4% | 14.8% | 54.31% |
| 3 Yr | 6.0%* | -7.1% | 8.3% | 25.97% |
| 5 Yr | 5.3%* | -6.4% | 38.1% | 20.17% |
| 10 Yr | 4.2%* | -2.2% | 19.6% | 19.02% |
* Annualized
Return Ranking - Calendar
| Period | FFRTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.5% | -12.0% | 11.1% | 36.70% |
| 2022 | -5.2% | -22.9% | 5.1% | 6.15% |
| 2021 | 2.2% | -12.2% | 11.1% | 15.75% |
| 2020 | -2.3% | -14.1% | 289.8% | 40.16% |
| 2019 | 3.2% | -8.1% | 7.5% | 39.66% |
Total Return Ranking - Trailing
| Period | FFRTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.4% | -3.5% | 10.0% | 50.56% |
| 1 Yr | 9.4% | -3.4% | 14.8% | 54.31% |
| 3 Yr | 6.0%* | -7.1% | 8.3% | 25.97% |
| 5 Yr | 5.3%* | -6.4% | 38.1% | 20.17% |
| 10 Yr | 4.2%* | -2.2% | 19.6% | 19.02% |
* Annualized
Total Return Ranking - Calendar
| Period | FFRTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.0% | -12.0% | 22.1% | 63.30% |
| 2022 | -1.0% | -22.9% | 5.1% | 19.23% |
| 2021 | 5.5% | -10.2% | 11.1% | 29.13% |
| 2020 | 1.7% | -14.1% | 306.9% | 52.87% |
| 2019 | 8.7% | -3.6% | 10.5% | 21.94% |
NAV & Total Return History
FFRTX - Holdings
Concentration Analysis
| FFRTX | Category Low | Category High | FFRTX % Rank | |
|---|---|---|---|---|
| Net Assets | 13.5 B | 29.9 M | 13.5 B | 0.77% |
| Number of Holdings | 641 | 2 | 1977 | 6.95% |
| Net Assets in Top 10 | 2.37 B | -191 M | 2.37 B | 0.77% |
| Weighting of Top 10 | 16.08% | 5.2% | 100.7% | 38.37% |
Top 10 Holdings
- Fidelity Cash Central Fund 6.96%
- GREAT OUTDOORS TERM B2 1LN 03/05/2028 2.12%
- ACRISURE TERM B6 1LN 11/06/2030 1.16%
- GOLDEN NUGGET TERM B 1LN 01/27/2029 1.06%
- SOLERA TERM B 1LN 06/02/2028 0.97%
- UKG TERM B 1LN 02/10/2031 0.89%
- INTERNET BRANDS TERM B 1LN 05/03/2028 0.79%
- Fidelity Private Credit Company LLC 0.73%
- NOVOLEX TERM 1LN 04/13/2029 0.73%
- MEDLINE TERM B 1LN 10/23/2028 0.69%
Asset Allocation
| Weighting | Return Low | Return High | FFRTX % Rank | |
|---|---|---|---|---|
| Bonds | 93.02% | 0.00% | 161.82% | 67.95% |
| Cash | 6.96% | -61.90% | 16.36% | 20.46% |
| Stocks | 2.18% | 0.00% | 100.74% | 35.52% |
| Preferred Stocks | 0.53% | -3.99% | 7.30% | 6.95% |
| Other | 0.00% | -52.39% | 34.87% | 81.85% |
| Convertible Bonds | 0.00% | 0.00% | 5.51% | 81.32% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FFRTX % Rank | |
|---|---|---|---|---|
| Energy | 90.68% | 0.00% | 100.00% | 8.70% |
| Consumer Cyclical | 7.81% | 0.00% | 97.66% | 18.26% |
| Industrials | 1.51% | 0.00% | 100.00% | 31.30% |
| Utilities | 0.00% | 0.00% | 100.00% | 80.00% |
| Technology | 0.00% | 0.00% | 100.00% | 79.13% |
| Real Estate | 0.00% | 0.00% | 48.61% | 73.91% |
| Healthcare | 0.00% | 0.00% | 100.00% | 73.91% |
| Financial Services | 0.00% | 0.00% | 89.61% | 73.91% |
| Communication Services | 0.00% | 0.00% | 100.00% | 89.57% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 81.74% |
| Basic Materials | 0.00% | 0.00% | 1.36% | 74.78% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FFRTX % Rank | |
|---|---|---|---|---|
| US | 2.18% | -0.01% | 100.74% | 35.52% |
| Non US | 0.00% | 0.00% | 0.68% | 79.54% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FFRTX % Rank | |
|---|---|---|---|---|
| Corporate | 90.04% | 0.00% | 99.80% | 46.69% |
| Cash & Equivalents | 6.96% | 0.00% | 25.03% | 19.69% |
| Derivative | 0.00% | -10.96% | 0.59% | 93.82% |
| Securitized | 0.00% | 0.00% | 91.68% | 99.22% |
| Municipal | 0.00% | 0.00% | 0.47% | 100.00% |
| Government | 0.00% | 0.00% | 3.18% | 75.49% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FFRTX % Rank | |
|---|---|---|---|---|
| US | 93.02% | 0.00% | 123.41% | 44.02% |
| Non US | 0.00% | 0.00% | 63.23% | 84.17% |
FFRTX - Expenses
Operational Fees
| FFRTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.03% | 0.03% | 5.51% | 59.02% |
| Management Fee | 0.68% | 0.00% | 1.89% | 76.32% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 47.01% |
| Administrative Fee | N/A | 0.02% | 0.27% | N/A |
Sales Fees
| FFRTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 2.75% | 1.00% | 5.75% | 59.26% |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| FFRTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 93.02% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FFRTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 31.00% | 4.00% | 180.00% | 13.52% |
FFRTX - Distributions
Dividend Yield Analysis
| FFRTX | Category Low | Category High | FFRTX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 7.95% | 0.00% | 11.13% | 58.43% |
Dividend Distribution Analysis
| FFRTX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| FFRTX | Category Low | Category High | FFRTX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.16% | 1.77% | 9.82% | 75.29% |
Capital Gain Distribution Analysis
| FFRTX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2024 | $0.061 | OrdinaryDividend |
| Aug 31, 2024 | $0.064 | OrdinaryDividend |
| Jul 31, 2024 | $0.063 | OrdinaryDividend |
| Jun 30, 2024 | $0.060 | OrdinaryDividend |
| Apr 30, 2024 | $0.062 | OrdinaryDividend |
| Mar 31, 2024 | $0.065 | OrdinaryDividend |
| Feb 29, 2024 | $0.060 | OrdinaryDividend |
| Jan 31, 2024 | $0.064 | OrdinaryDividend |
| Dec 31, 2023 | $0.065 | OrdinaryDividend |
| Dec 21, 2023 | $0.005 | OrdinaryDividend |
| Nov 30, 2023 | $0.062 | OrdinaryDividend |
| Oct 31, 2023 | $0.066 | OrdinaryDividend |
| Sep 30, 2023 | $0.062 | OrdinaryDividend |
| Aug 31, 2023 | $0.062 | OrdinaryDividend |
| Jul 31, 2023 | $0.063 | OrdinaryDividend |
| Jun 30, 2023 | $0.061 | OrdinaryDividend |
| May 31, 2023 | $0.064 | OrdinaryDividend |
| Apr 30, 2023 | $0.060 | OrdinaryDividend |
| Mar 31, 2023 | $0.060 | OrdinaryDividend |
| Feb 28, 2023 | $0.052 | OrdinaryDividend |
| Jan 31, 2023 | $0.057 | OrdinaryDividend |
| Dec 31, 2022 | $0.054 | OrdinaryDividend |
| Dec 22, 2022 | $0.017 | OrdinaryDividend |
| Nov 30, 2022 | $0.049 | OrdinaryDividend |
| Oct 31, 2022 | $0.047 | OrdinaryDividend |
| Sep 30, 2022 | $0.040 | OrdinaryDividend |
| Aug 31, 2022 | $0.040 | OrdinaryDividend |
| Jul 31, 2022 | $0.036 | OrdinaryDividend |
| Jun 30, 2022 | $0.028 | OrdinaryDividend |
| May 31, 2022 | $0.027 | OrdinaryDividend |
| Apr 29, 2022 | $0.023 | OrdinaryDividend |
| Mar 31, 2022 | $0.023 | OrdinaryDividend |
| Feb 28, 2022 | $0.019 | OrdinaryDividend |
| Jan 31, 2022 | $0.022 | OrdinaryDividend |
| Dec 31, 2021 | $0.023 | OrdinaryDividend |
| Dec 22, 2021 | $0.013 | OrdinaryDividend |
| Nov 30, 2021 | $0.021 | OrdinaryDividend |
| Oct 29, 2021 | $0.022 | OrdinaryDividend |
| Sep 30, 2021 | $0.021 | OrdinaryDividend |
| Aug 31, 2021 | $0.023 | OrdinaryDividend |
| Jul 30, 2021 | $0.023 | OrdinaryDividend |
| Jun 30, 2021 | $0.021 | OrdinaryDividend |
| May 28, 2021 | $0.022 | OrdinaryDividend |
| Apr 30, 2021 | $0.023 | OrdinaryDividend |
| Mar 31, 2021 | $0.022 | OrdinaryDividend |
| Feb 26, 2021 | $0.020 | OrdinaryDividend |
| Jan 29, 2021 | $0.025 | OrdinaryDividend |
| Dec 31, 2020 | $0.025 | OrdinaryDividend |
| Nov 30, 2020 | $0.024 | OrdinaryDividend |
| Oct 30, 2020 | $0.024 | OrdinaryDividend |
| Sep 30, 2020 | $0.025 | OrdinaryDividend |
| Aug 31, 2020 | $0.023 | OrdinaryDividend |
| Jul 31, 2020 | $0.024 | OrdinaryDividend |
| Jun 30, 2020 | $0.026 | OrdinaryDividend |
| May 29, 2020 | $0.029 | OrdinaryDividend |
| Apr 30, 2020 | $0.029 | OrdinaryDividend |
| Mar 31, 2020 | $0.034 | OrdinaryDividend |
| Feb 28, 2020 | $0.030 | OrdinaryDividend |
| Jan 31, 2020 | $0.034 | OrdinaryDividend |
| Dec 31, 2019 | $0.035 | OrdinaryDividend |
| Dec 26, 2019 | $0.013 | OrdinaryDividend |
| Nov 29, 2019 | $0.033 | OrdinaryDividend |
| Oct 31, 2019 | $0.037 | OrdinaryDividend |
| Sep 30, 2019 | $0.036 | OrdinaryDividend |
| Aug 30, 2019 | $0.038 | OrdinaryDividend |
| Jul 31, 2019 | $0.039 | OrdinaryDividend |
| Jun 28, 2019 | $0.038 | OrdinaryDividend |
| Dec 27, 2018 | $0.012 | ExtraDividend |
| Dec 08, 2017 | $0.004 | CapitalGainShortTerm |
| Dec 08, 2014 | $0.018 | CapitalGainShortTerm |
| Dec 08, 2014 | $0.022 | CapitalGainLongTerm |
| Dec 09, 2013 | $0.036 | CapitalGainShortTerm |
| Dec 10, 2012 | $0.049 | CapitalGainShortTerm |
| Dec 07, 2009 | $0.050 | CapitalGainShortTerm |
| Dec 28, 2006 | $0.007 | ExtraDividend |
| Dec 04, 2006 | $0.002 | CapitalGainLongTerm |
| Dec 29, 2004 | $0.003 | ExtraDividend |
| Dec 13, 2004 | $0.010 | CapitalGainShortTerm |
| Dec 31, 2003 | $0.021 | ExtraDividend |
FFRTX - Fund Manager Analysis
Managers
Eric Mollenhauer
Start Date
Tenure
Tenure Rank
Apr 01, 2013
9.17
9.2%
Eric Mollenhauer is a portfolio manager at Fidelity Management & Research Company (FMRCo), the investment advisor for Fidelity’s family of mutual funds. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and other financial products and services to more than 20 million individuals, institutions and financial intermediaries.
Kevin Nielsen
Start Date
Tenure
Tenure Rank
Nov 30, 2018
3.5
3.5%
Kevin Nielsen joined Fidelity Investments in 2006. Mr. Nielsen has worked as a research analyst and portfolio manager.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 21.18 | 6.07 | 3.25 |
