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Fidelity Floating Rate High Income Currency Neutral Fund

Fund code: 2673

  • NAV
    $8.65 -$0.01 / -0.08%
    28-Jun-2022
  • Inception 28-May-2014
  • Benchmark S&P/LSTA Leveraged Loan Index (Hedged CAD)
  • Aggregate assets
    (all series)
    $28.6M
    31-May-2022
  • MER 1.51%
    30-Sep-2021
  • Distributions
  • Trailing 12 month yield 2.53%
    31-May-2022
  • Yield To Worst 7.90%
    31-May-2022
  • Duration 0.2 years
    30-Apr-2022
  • Morningstar category Floating Rate Loans
  • Also available through: Trust US$ 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†† (%) 31-May-2022

YTD 2022 2021 2020 2019 2018 2017 2016 2015
Fund -2.71 4.12 -0.58 6.24 -1.50 2.18 7.87 0.24

Standard period returns†† (%) 31-May-2022

1 mo 3 mo 6 mo 1 yr 3 yr 5 yr Inception
Fund -2.30 -2.32 -2.21 -1.09 0.82 1.22 1.84

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-2022

Fund
Annualized standard deviation 8.73
Beta 0.97
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-2022

Sector mix (%)

30-Apr-2022
12 months ago Last month Current month
Technology 13.0 15.4 15.1
Services 8.7 9.0 9.1
Health Care 6.9 6.1 6.1
Gaming 5.8 5.0 5.2
Telecom. 7.4 5.3 5.2
Insurance 4.0 4.7 4.7
Energy 4.2 4.0 3.9
Super Retail 4.3 3.7 3.7
Leisure - 3.1 3.1
Diversified Financial Services - 3.2 2.9
Containers 3.6 - -
Chemicals 3.1 - -

Credit quality (%)

30-Apr-2022
12 months ago Last month Current month
BBB 6.7 3.7 3.5
BB 21.0 21.5 21.5
B 54.6 52.7 52.5
CCC & Below 6.7 4.9 4.9
Cash & Net Other Assets 4.4 4.2 4.5
Not Rated/Not Available 6.6 13.1 13.2

Top five issuers

  1. GREAT OUTDOORS GROUP LLC
  2. Asurion
  3. Caesars Resort Collection
  4. Intelsat Jackson Holdings
  5. FERTITTA ENTERTAINMENT LLC NV
Total number of issuers 462
Aggregate of top issuers 8.0%
  1. Bass Pro Group
  2. Intelsat Jackson Holdings
  3. Asurion
  4. Caesars Resort Collection
  5. HUB International
Total number of issuers 456
Aggregate of top issuers 8.8%
  1. Bass Pro Group
  2. Intelsat Jackson Holdings
  3. Asurion
  4. Caesars Resort Collection
  5. UKG
Total number of issuers 438
Aggregate of top issuers 9.1%
  1. Bass Pro Group
  2. Intelsat Jackson Holdings
  3. Caesars Resort Collection
  4. Asurion
  5. UKG
Total number of issuers 422
Aggregate of top issuers 8.6%
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