Fund code: 2187

  • NAV $12.11 -$0.01 / -0.08%
    18-Jun-2024
  • Inception 16-Oct-2013
  • Benchmark Morningstar LSTA US Leveraged Loan Index
  • Aggregate assets
    (all series)
    $325.2M
    31-May-2024
  • MER 1.48%
    31-Dec-2023
  • Distributions
  • Trailing 12 month yield 7.45%
    31-May-2024
  • Yield To Worst 9.44%
    30-Apr-2024
  • Duration 0.2 years
    30-Apr-2024
  • Morningstar category Floating Rate Loans
  • Also available through Trust US$ and Trust currency neutral
  • Get Fund Facts

End investment

Annualized return

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Start NAV

$10.0000

End NAV

$10.4031
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Calendar returns (%) 31-May-2024

YTD 2024 2023 2022 2021 2020 2019 2018 2017
Fund 6.30 8.86 5.80 3.67 -1.24 1.88 7.70 -3.70

Standard period returns (%) 31-May-2024

1 mo 3 mo 6 mo 1 yr 3 yr 5 yr 10 yr Inception
Fund -0.33 2.34 5.27 11.74 9.25 4.22 5.68 6.02

Why invest in this fund?

  • A high-yield offering that aims to provide regular income by investing primarily in floating rate debt.
  • Floating rate coupons tend to move in tandem with short-term interest rates, helping to reduce the impact that rising interest rates may have on a portfolio.
  • Leverages Fidelity’s global resources and expertise in high-income investing.

Risk measures (%) 31-May-2024

Fund
Annualized standard deviation 5.85
Beta 0.96
0.99

Risk classification

  1. Low
  2. Low to medium
  3. Medium
  4. Medium to high
  5. High

This fund has a low to medium volatility rating

Allocation

Asset mix (%)

30-Apr-2024

Sector mix (%)

30-Apr-2024
12 months ago Last month Current month
Technology & Electronics 16.5 14.8 14.9
Services 10.7 11.7 11.3
Leisure 10.4 10.2 9.8
Basic Industry 6.0 7.1 7.2
Health Care 5.6 6.6 6.7
Insurance 5.6 6.2 6.1
Retail 6.7 5.8 5.6
Capital Goods 5.1 5.8 5.5
Financial Services - 5.0 4.9
Telecom. 5.6 4.4 4.2
Media 5.0 - -

Credit quality (%)

30-Apr-2024
12 months ago Last month Current month
BBB 4.2 4.5 4.6
BB 22.2 22.0 21.4
B 57.3 56.2 56.5
CCC & Below 5.0 5.3 4.5
Cash & Net Other Assets 5.5 6.0 7.4
Not Rated/Not Available 5.9 5.9 5.6

Top five issuers

  1. Great Outdoors Group
  2. Asurion
  3. Fertitta Entertainment LLC
  4. Caesars Entertainment
  5. Acrisure
Total number of issuers 452
Aggregate of top issuers 8.0%
  1. Great Outdoors Group
  2. Asurion
  3. Fertitta Entertainment LLC
  4. Acrisure
  5. UKG
Total number of issuers 441
Aggregate of top issuers 8.4%
  1. Great Outdoors Group
  2. Asurion
  3. Fertitta Entertainment LLC
  4. UKG
  5. Acrisure
Total number of issuers 439
Aggregate of top issuers 8.4%
  1. Great Outdoors Group
  2. Asurion
  3. Fertitta Entertainment LLC
  4. Acrisure
  5. Intelsat Jackson Holdings
Total number of issuers 430
Aggregate of top issuers 8.6%
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