- What does FFRHX invest in?
- 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.
- What is the expense ratio of FFRHX?
- Fidelity Floating Rate High Income (FFRHX) charges an expense ratio of 0.73%. This is the annual fee deducted from fund assets to cover management and operations.
- What is FFRHX's dividend yield?
- FFRHX's trailing-twelve-month yield is 6.92%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of FFRHX?
- Effective duration measures FFRHX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FFRHX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of FFRHX?
- FFRHX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of FFRHX?
- Yield to maturity (YTM) is the total return you'd earn from FFRHX if every bond in the portfolio is held to maturity at the current price. FFRHX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
