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Fidelity Floating Rate High Income Fund - US$

Fund code: 2190

  • NAV
    $8.56 / -0.01%
    06-Dec-2022
  • Inception 16-Oct-2013
  • Benchmark S&P/LSTA Leveraged Loan Index
  • Aggregate assets
    (all series)
    $225.2M
    30-Nov-2022
  • MER 1.48%
    30-Jun-2022
  • Distributions
  • Trailing 12 month yield 3.53%
    30-Nov-2022
  • Yield To Worst 10.03%
    31-Oct-2022
  • Duration 0.2 years
    31-Oct-2022
  • Morningstar category Floating Rate Loans
  • Also available through: Trust currency neutral and Trust CDN$
  • 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†† (%) 30-Nov-2022

YTD 2022 2021 2020 2019 2018 2017 2016 2015
Fund -1.40 4.32 0.75 7.11 -0.83 2.87 8.23 -0.84

Standard period returns†† (%) 30-Nov-2022

1 mo 3 mo 6 mo 1 yr 3 yr 5 yr Inception
Fund 1.17 0.04 1.24 -0.81 1.73 1.99 2.24

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-Oct-2022

Fund
Annualized standard deviation 7.83
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 (%)

31-Oct-2022

Sector mix (%)

31-Oct-2022
12 months ago Last month Current month
Services - 8.4 8.6
Leisure - 8.3 8.3
Media - 5.6 5.8
Capital Goods - 5.3 5.5
Health Care - 4.9 5.3
Insurance - 4.3 4.4
Telecom. - 3.9 4.2
- 3.3 3.4

Credit quality (%)

31-Oct-2022
12 months ago Last month Current month
BBB 4.5 3.2 3.1
BB 22.7 21.7 21.7
B 56.2 53.4 53.0
CCC & Below 5.7 4.3 4.0
Cash & Net Other Assets 2.1 7.4 8.7
Not Rated/Not Available 8.8 10.0 9.5

Top five issuers

  1. Great Outdoors Group
  2. Asurion
  3. Fertitta Entertainment LLC
  4. Intelsat Jackson Holdings
  5. Caesars Resort Collection
Total number of issuers 450
Aggregate of top issuers 7.9%
  1. Great Outdoors Group
  2. Asurion
  3. Caesars Resort Collection
  4. Intelsat Jackson Holdings
  5. Fertitta Entertainment LLC
Total number of issuers 461
Aggregate of top issuers 8.2%
  1. Great Outdoors Group
  2. Asurion
  3. Caesars Resort Collection
  4. Intelsat Jackson Holdings
  5. Fertitta Entertainment LLC
Total number of issuers 463
Aggregate of top issuers 8.0%
  1. Great Outdoors Group
  2. Intelsat Jackson Holdings
  3. Asurion
  4. Caesars Resort Collection
  5. HUB International
Total number of issuers 457
Aggregate of top issuers 8.8%
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