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Fidelity Floating Rate High Income Fund (FFRHX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fidelity Floating Rate High Income Fund (FFRHX)

Mutual Fund · Currency in USD · Last updated May 15, 2025

The investment seeks a high level of current income. 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.

Fund Info

ISIN

US3159167838

CUSIP

315916783

Issuer

Fidelity

Inception Date

Aug 16, 2000

Category

High Yield Bonds

Min. Investment

$0

Asset Class

Bond

Expense Ratio

FFRHX has an expense ratio of 0.67%, placing it in the medium range.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Popular comparisons:
FFRHX vs. FAGIX FFRHX vs. PRFRX FFRHX vs. FADMX FFRHX vs. SCHP FFRHX vs. FTHRX FFRHX vs. FTBFX FFRHX vs. FLBL FFRHX vs. FFRAX FFRHX vs. FRESX FFRHX vs. FXNAX
Popular comparisons:
FFRHX vs. FAGIX FFRHX vs. PRFRX FFRHX vs. FADMX FFRHX vs. SCHP FFRHX vs. FTHRX FFRHX vs. FTBFX FFRHX vs. FLBL FFRHX vs. FFRAX FFRHX vs. FRESX FFRHX vs. FXNAX

Performance

Performance Chart

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Returns By Period

Fidelity Floating Rate High Income Fund (FFRHX) returned 0.15% year-to-date (YTD) and 5.66% over the past 12 months. Over the past 10 years, FFRHX returned 4.55% annually, underperforming the S&P 500 benchmark at 10.78%.

FFRHX

YTD

0.15%

1M

1.90%

6M

1.47%

1Y

5.66%

5Y*

7.63%

10Y*

4.55%

^GSPC (Benchmark)

YTD

0.19%

1M

9.00%

6M

-1.55%

1Y

12.31%

5Y*

15.59%

10Y*

10.78%

*Annualized

Monthly Returns

The table below presents the monthly returns of FFRHX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.61%0.12%-0.46%-1.20%1.11%0.15%
20241.24%1.00%0.11%1.20%0.79%-0.54%1.40%-0.11%1.42%1.00%0.54%0.99%9.39%
20233.10%0.50%0.14%0.33%0.42%2.37%1.15%1.14%0.00%0.47%1.37%0.92%12.51%
20220.25%-0.52%0.28%-0.42%-1.99%-2.40%1.92%2.12%-2.26%1.24%1.35%-0.37%-0.93%
20211.05%1.10%-0.17%0.60%0.68%0.26%-0.15%0.70%0.68%0.58%-0.49%0.62%5.57%
20200.18%-1.66%-11.78%3.59%4.17%0.45%1.90%1.42%0.41%0.08%2.63%1.27%1.69%
20192.73%1.56%-0.19%1.60%-0.40%0.33%0.75%-0.30%0.73%-0.53%0.49%1.60%8.65%
20180.98%-0.01%-0.10%0.79%0.05%-0.31%1.18%0.28%0.68%-0.12%-0.96%-2.30%0.11%
20170.43%0.49%0.12%0.31%0.52%-0.01%0.85%-0.29%0.32%0.54%0.13%0.41%3.87%
2016-0.97%-0.32%2.82%2.30%0.75%-0.10%1.40%1.09%0.75%0.55%0.32%1.02%9.96%
20150.22%1.65%0.13%1.03%0.11%-0.61%-0.30%-0.82%-0.63%0.13%-1.05%-0.97%-1.14%
20140.49%0.25%0.18%0.07%0.49%0.48%-0.21%0.30%-0.81%0.41%0.20%-1.41%0.43%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 93, FFRHX is among the top 7% 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.

The Risk-Adjusted Performance Rank of FFRHX is 9393
Overall Rank
The Sharpe Ratio Rank of FFRHX is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of FFRHX is 9292
Sortino Ratio Rank
The Omega Ratio Rank of FFRHX is 9696
Omega Ratio Rank
The Calmar Ratio Rank of FFRHX is 9191
Calmar Ratio Rank
The Martin Ratio Rank of FFRHX is 9292
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Fidelity Floating Rate High Income Fund (FFRHX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Fidelity Floating Rate High Income Fund Sharpe ratios as of May 15, 2025 (values are recalculated daily):

  • 1-Year: 1.77
  • 5-Year: 2.69
  • 10-Year: 1.10
  • All Time: 1.25

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Fidelity Floating Rate High Income Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

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Dividends

Dividend History

Fidelity Floating Rate High Income Fund provided a 8.03% dividend yield over the last twelve months, with an annual payout of $0.73 per share. The fund has been increasing its distributions for 3 consecutive years.

3.00%4.00%5.00%6.00%7.00%8.00%$0.00$0.20$0.40$0.60$0.8020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.73$0.77$0.77$0.45$0.31$0.36$0.49$0.44$0.39$0.38$0.39$0.39

Dividend yield

8.03%8.33%8.25%5.06%3.27%3.85%5.17%4.75%4.01%3.94%4.25%4.00%

Monthly Dividends

The table displays the monthly dividend distributions for Fidelity Floating Rate High Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.06$0.05$0.06$0.06$0.00$0.22
2024$0.07$0.06$0.07$0.06$0.06$0.06$0.07$0.07$0.06$0.06$0.06$0.07$0.77
2023$0.06$0.06$0.06$0.06$0.07$0.06$0.07$0.06$0.06$0.07$0.07$0.07$0.77
2022$0.02$0.02$0.03$0.03$0.03$0.03$0.04$0.04$0.04$0.05$0.05$0.07$0.45
2021$0.03$0.02$0.02$0.03$0.02$0.02$0.03$0.03$0.02$0.03$0.02$0.04$0.31
2020$0.04$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.36
2019$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.05$0.49
2018$0.03$0.03$0.03$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.05$0.44
2017$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.05$0.39
2016$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.38
2015$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.05$0.39
2014$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.07$0.39

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 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 Floating Rate High Income Fund was 22.19%, occurring on Mar 23, 2020. Recovery took 176 trading sessions.

The current Fidelity Floating Rate High Income Fund drawdown is 0.57%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-22.19%Jan 22, 202043Mar 23, 2020176Dec 1, 2020219
-21.1%Jun 19, 2008124Dec 15, 2008150Jul 22, 2009274
-6.91%Nov 2, 200768Feb 11, 200857May 2, 2008125
-6.27%Jun 2, 2015179Feb 16, 201673May 31, 2016252
-5.58%Apr 11, 202260Jul 6, 2022131Jan 9, 2023191

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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