- ISIN
- US31641Q4091
- CUSIP
- 31641Q409
- Issuer
- Fidelity
- Inception Date
- Oct 20, 2011
- Category
- High Yield Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
FFHCX Performance Chart
Fidelity Series Floating Rate High Income Fund (FFHCX) is up 1.9% since the beginning of the year. FFHCX is currently trading at $9 per share. Investors who bought $1,000 worth of FFHCX shares 5 years ago would now be looking at an investment worth $1,341.
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Returns By Period
Fidelity Series Floating Rate High Income Fund (FFHCX) has returned 1.87% so far this year and 6.37% over the past 12 months. Over the last ten years, FFHCX has returned 5.67% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Fidelity Series Floating Rate High Income Fund
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.87%
- 6M
- 2.52%
- 1Y
- 6.37%
- 3Y*
- 7.99%
- 5Y*
- 6.04%
- 10Y*
- 5.67%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FFHCX Monthly Returns History
Based on dividend-adjusted daily data since Oct 24, 2011, FFHCX's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, an investment would double in approximately 13.5 years.
Historically, 77% of months were positive and 23% were negative. The best month was Apr 2020 with a return of +3.9%, while the worst month was Mar 2020 at -11.4%. The longest winning streak lasted 17 consecutive months, and the longest losing streak was 9 months.
On a daily basis, FFHCX closed higher 28% of trading days. The best single day was Mar 26, 2020 with a return of +3.5%, while the worst single day was Mar 19, 2020 at -3.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.19% | -0.85% | 0.83% | 1.19% | 0.85% | -0.34% | 1.87% | ||||||
| 2025 | 0.60% | 0.09% | -0.41% | -0.47% | 1.74% | 1.02% | 0.59% | 0.45% | 0.78% | 0.33% | 0.53% | 0.64% | 6.02% |
| 2024 | 0.59% | 1.09% | 0.90% | 0.44% | 0.86% | -0.55% | 0.79% | 0.69% | 0.76% | 0.97% | 1.38% | 0.27% | 8.49% |
| 2023 | 2.31% | 0.66% | 0.17% | 0.95% | -0.13% | 2.46% | 1.11% | 1.20% | 0.76% | -0.09% | 1.49% | 1.59% | 13.19% |
| 2022 | 0.23% | -0.44% | 0.46% | -0.20% | -2.02% | -2.91% | 2.08% | 1.55% | -2.58% | 1.31% | 0.80% | 0.30% | -1.55% |
| 2021 | 0.66% | 0.77% | 0.01% | 0.68% | 0.66% | 0.33% | -0.09% | 0.79% | 0.87% | 0.55% | -0.43% | 0.73% | 5.66% |
Benchmark Metrics
Fidelity Series Floating Rate High Income Fund has an annualized alpha of 4.08%, beta of 0.08, and R2 of 0.13 versus S&P 500 Index. Calculated based on daily prices since October 24, 2011.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (21.45%) than losses (12.22%) - typical of diversified or defensive assets.
- Beta of 0.08 may look defensive, but with R2 of 0.13 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.13 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.08%
- Beta
- 0.08
- R²
- 0.13
- Upside Capture
- 21.45%
- Downside Capture
- 12.22%
Expense Ratio
FFHCX has an expense ratio of 0.00%, meaning no management fees are charged.
Return for Risk
Risk / Return Rank
FFHCX ranks 94 for risk / return — in the top 94% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Series Floating Rate High Income Fund (FFHCX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FFHCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +3.49 | ||
| Omega ratioGain probability vs. loss probability | 1.91 | 1.37 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 5.71 | 2.78 | +2.92 |
| Martin ratioReturn relative to average drawdown | 20.52 | 12.44 | +8.08 |
Dividends
Dividend History
Fidelity Series Floating Rate High Income Fund provided a 7.70% dividend yield over the last twelve months, with an annual payout of $0.67 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.67 | $0.71 | $0.76 | $0.85 | $0.34 | $0.34 | $0.42 | $0.55 | $0.60 | $0.46 | $0.49 | $0.39 |
Dividend yield | 7.70% | 8.11% | 8.46% | 9.47% | 3.83% | 3.64% | 4.61% | 5.92% | 6.68% | 4.80% | 5.16% | 4.37% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.26 | ||||||
| 2025 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.71 |
| 2024 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.00 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.07 | $0.76 |
| 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 | $0.00 | $0.00 | $0.05 | $0.00 | $0.05 | $0.00 | $0.08 | $0.34 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.34 |
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.
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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 0.46%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -21.45%Mar 2020 | 2mo 1d | 8mo 6d | 10mo 7dJan 2020 - Nov 2020 |
2016 pullback2016 | -8.47%Feb 2016 | 8mo 18d | 5mo 26d | 1y 2moJun 2015 - Aug 2016 |
Bear market2022 | -5.81%Jul 2022 | 2mo 26d | 6mo 29d | 9mo 25dApr 2022 - Jan 2023 |
2014 pullback2014 | -3.58%Dec 2014 | 3mo 9d | 3mo 15d | 6mo 24dSep 2014 - Mar 2015 |
Rate-hike selloffLate 2018 | -3.51%Dec 2018 | 2mo 19d | 1mo 18d | 4mo 7dOct 2018 - Feb 2019 |
Drawdown Indicators
| FFHCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.45% | -56.78% | +35.33% |
Max Drawdown (1Y)Largest decline over 1 year | -1.14% | -9.10% | +7.96% |
Max Drawdown (3Y)Largest decline over 3 years | -3.12% | -18.90% | +15.78% |
Max Drawdown (5Y)Largest decline over 5 years | -5.81% | -25.43% | +19.62% |
Max Drawdown (10Y)Largest decline over 10 years | -21.45% | -33.92% | +12.47% |
Current DrawdownCurrent decline from peak | -0.46% | -1.80% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -10.71% | +9.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 2.03% | -1.71% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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