Fidelity Series Floating Rate High Income Fund (FFHCX)
The fund normally invests at least 80% of assets in floating rate loans, which are often lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds), 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.
Fund Info
US31641Q4091
31641Q409
Oct 20, 2011
$0
Expense Ratio
FFHCX has an expense ratio of 0.00%, indicating no management fees are charged.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Series Floating Rate High Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Series Floating Rate High Income Fund had a return of 8.78% year-to-date (YTD) and 8.90% in the last 12 months. Over the past 10 years, Fidelity Series Floating Rate High Income Fund had an annualized return of 5.33%, while the S&P 500 had an annualized return of 11.01%, indicating that Fidelity Series Floating Rate High Income Fund did not perform as well as the benchmark.
FFHCX
8.78%
0.00%
4.28%
8.90%
6.09%
5.33%
^GSPC (Benchmark)
23.11%
-0.36%
7.02%
23.15%
12.80%
11.01%
Monthly Returns
The table below presents the monthly returns of FFHCX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.41% | 1.09% | 0.11% | 1.23% | 0.86% | -0.55% | 1.57% | -0.11% | 1.56% | 0.98% | 0.67% | 8.78% | |
| 2023 | 3.01% | 0.66% | 0.17% | 0.23% | 0.60% | 2.46% | 1.11% | 1.20% | -0.00% | 0.68% | 1.48% | 0.78% | 13.04% |
| 2022 | 0.23% | -0.44% | 0.46% | -0.54% | -1.68% | -2.52% | 2.08% | 2.06% | -2.05% | 1.31% | 1.45% | -0.37% | -0.15% |
| 2021 | 1.02% | 1.08% | 0.01% | 0.68% | 0.66% | 0.32% | -0.09% | 0.79% | 0.87% | 0.55% | -0.43% | 0.73% | 6.37% |
| 2020 | 0.46% | -1.53% | -11.39% | 3.92% | 3.77% | 0.61% | 1.96% | 1.29% | 0.48% | 0.02% | 2.52% | 1.32% | 2.54% |
| 2019 | 2.85% | 1.44% | -0.03% | 1.69% | -0.34% | 0.50% | 0.72% | -0.04% | 0.68% | -0.49% | 0.65% | 1.47% | 9.44% |
| 2018 | 1.06% | 0.05% | -0.10% | 0.95% | 0.13% | -0.21% | 1.24% | 0.36% | 0.76% | -0.05% | -0.54% | -2.25% | 1.36% |
| 2017 | 0.58% | 0.53% | 0.15% | 0.34% | 0.44% | 0.06% | 0.83% | -0.10% | 0.40% | 0.73% | 0.19% | 0.55% | 4.80% |
| 2016 | -1.16% | -0.97% | 3.04% | 2.61% | 0.98% | 0.03% | 1.47% | 0.92% | 1.02% | 0.60% | 0.35% | 1.09% | 10.36% |
| 2015 | 0.08% | 1.79% | 0.28% | 1.18% | 0.17% | -0.51% | -0.43% | -1.06% | -0.78% | -0.34% | -1.55% | -1.39% | -2.58% |
| 2014 | 0.66% | 0.33% | 0.73% | 0.16% | 0.56% | 0.54% | -0.02% | 0.26% | -0.63% | 0.08% | 0.07% | -1.49% | 1.22% |
| 2013 | 1.34% | 0.43% | 0.92% | 0.64% | 0.25% | -0.78% | 1.34% | -0.09% | 0.36% | 0.84% | 0.54% | -2.08% | 3.72% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 98, FFHCX is among the top 2% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Series Floating Rate High Income Fund (FFHCX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Series Floating Rate High Income Fund provided a 8.48% dividend yield over the last twelve months, with an annual payout of $0.77 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.77 | $0.85 | $0.52 | $0.40 | $0.42 | $0.55 | $0.60 | $0.46 | $0.42 | $0.46 | $0.80 | $0.46 |
Dividend yield | 8.48% | 9.47% | 5.91% | 4.31% | 4.61% | 5.94% | 6.69% | 4.79% | 4.42% | 5.15% | 8.23% | 4.40% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Series Floating Rate High Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.00 | $0.00 | $0.69 |
| 2023 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.12 | $0.85 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.06 | $0.08 | $0.52 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.40 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.42 |
| 2019 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.06 | $0.55 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.15 | $0.60 |
| 2017 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.46 |
| 2016 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.42 |
| 2015 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.07 | $0.46 |
| 2014 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.40 | $0.80 |
| 2013 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Series Floating Rate High Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Series Floating Rate High Income Fund was 21.45%, occurring on Mar 23, 2020. Recovery took 172 trading sessions.
The current Fidelity Series Floating Rate High Income Fund drawdown is 0.33%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.45% | Jan 22, 2020 | 43 | Mar 23, 2020 | 172 | Nov 24, 2020 | 215 |
| -8.47% | Jun 3, 2015 | 183 | Feb 23, 2016 | 118 | Aug 10, 2016 | 301 |
| -5.43% | Apr 11, 2022 | 60 | Jul 6, 2022 | 128 | Jan 4, 2023 | 188 |
| -4.65% | Sep 8, 2014 | 64 | Dec 5, 2014 | 60 | Mar 5, 2015 | 124 |
| -3.51% | Oct 9, 2018 | 55 | Dec 27, 2018 | 32 | Feb 13, 2019 | 87 |
Volatility
Volatility Chart
The current Fidelity Series Floating Rate High Income Fund volatility is 0.36%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.