9.97 Up unch unch
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 9.97
Category Bank Loan
Net Assets 9.73 Bil
Yield 3.22%
Morningstar Risk Below Average
Morningstar Return Average
  • Last NAV update 7/23/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
The investment seeks a high level of current income. The fund invests at least 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 fund uses fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return 7.81% 1.73% 6.80% 3.92% 1.99%
Value ($) 10,780.94 10,967.25 11,713.26 12,172.75 12,415.15
  • Year to date performance as of 7/23/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family Fidelity Investments
Fund Manager Eric Mollenhauer
Tenure (Years) 1
Fund Status Open
Minimum Initial Purchase 2,500.00
Minimum IRA Investment 500.00
Front Load 0.00
Expense Ratio 0.70%
PERFORMANCE
Symbol Value ($)
1 Month 0.06%
3 Months 1.16%
1 Year 3.47%
3 Years* 4.20%
5 Years* 5.68%
  • * Annualized returns
  • Performance as of 7/23/2014 12:00 AM ET
PEER COMPARISON
  FFRHX Bank Loan
5-Yr Return 5.68% 7.40%
Sharpe Ratio 1.31 4.13
Net Assets 9.73 Bil 653.14 Mil
Avg Market Cap 36.25 Bil NA
Avg P/E 12.92 NA
Portfolio Turnover 62 72
HOLDINGS
Symbol Value ($)
Stocks 0.21%
Cash 8.38%
Fixed Income 91.41%
Other 0.00%
TOP 10 HOLDINGS
NAME % NET ASSETS
Heinz Term B-2 6/7/2020 2.44%
Community Health Trm D 1/27/21 2.02%
Hilton Worldwid Trm B 10/25/20 1.79%
Hca Inc Term A-4 02/02/16 1.76%
Fortescue Mtls Grp Term B 6/19 1.67%
Caesars Prop Tm B 1ln 10/11/20 1.56%
Dell Term B 04/29/20 1.21%
Bmc Software Us Term B 9/10/20 1.13%
Altice Financing Trm B 6/24/19 0.98%
Hca Term B-5 03/31/17 0.94%
DATA PROVIDERS

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Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

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