Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX)
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
US3158075529
Aug 16, 2000
$0
Expense Ratio
FFRIX has an expense ratio of 0.72%, placing it in the medium range.
Share Price Chart
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Performance
Performance Chart
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Returns By Period
Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) returned -0.41% year-to-date (YTD) and 4.92% over the past 12 months. Over the past 10 years, FFRIX returned 4.45% annually, underperforming the S&P 500 benchmark at 10.46%.
FFRIX
-0.41%
1.79%
0.89%
4.92%
7.45%
4.45%
^GSPC (Benchmark)
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
Monthly Returns
The table below presents the monthly returns of FFRIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.60% | 0.12% | -0.46% | -1.20% | 0.55% | -0.41% | |||||||
| 2024 | 1.23% | 1.00% | 0.11% | 1.20% | 0.79% | -0.43% | 1.27% | -0.11% | 1.41% | 1.00% | 0.54% | 0.98% | 9.35% |
| 2023 | 2.97% | 0.49% | 0.25% | 0.22% | 0.42% | 2.37% | 1.15% | 1.14% | -0.00% | 0.47% | 1.36% | 0.92% | 12.35% |
| 2022 | 0.15% | -0.52% | 0.27% | -0.43% | -1.88% | -2.52% | 2.03% | 2.00% | -2.27% | 1.34% | 1.24% | -0.25% | -0.97% |
| 2021 | 1.16% | 0.98% | -0.06% | 0.48% | 0.68% | 0.35% | -0.26% | 0.69% | 0.67% | 0.57% | -0.49% | 0.72% | 5.61% |
| 2020 | 0.28% | -1.78% | -11.79% | 3.58% | 4.18% | 0.55% | 1.90% | 1.30% | 0.41% | 0.07% | 2.63% | 1.28% | 1.63% |
| 2019 | 2.61% | 1.66% | -0.30% | 1.71% | -0.50% | 0.32% | 0.75% | -0.30% | 0.72% | -0.54% | 0.48% | 1.60% | 8.46% |
| 2018 | 0.97% | -0.02% | -0.10% | 0.79% | 0.04% | -0.21% | 1.06% | 0.27% | 0.68% | -0.12% | -0.86% | -2.31% | 0.14% |
| 2017 | 0.42% | 0.59% | 0.01% | 0.41% | 0.42% | -0.02% | 0.85% | -0.29% | 0.32% | 0.64% | 0.12% | 0.29% | 3.81% |
| 2016 | -0.86% | -0.44% | 2.82% | 2.29% | 0.74% | -0.12% | 1.40% | 1.08% | 0.74% | 0.64% | 0.21% | 1.02% | 9.88% |
| 2015 | 0.22% | 1.64% | 0.12% | 1.03% | 0.11% | -0.63% | -0.30% | -0.82% | -0.53% | 0.13% | -1.05% | -1.09% | -1.19% |
| 2014 | 0.38% | 0.34% | 0.08% | 0.07% | 0.49% | 0.47% | -0.22% | 0.29% | -0.72% | 0.31% | 0.20% | -1.42% | 0.27% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 91, FFRIX is among the top 9% 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 Advisor Floating Rate High Income Fund Class I (FFRIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Fidelity Advisor Floating Rate High Income Fund Class I provided a 7.42% dividend yield over the last twelve months, with an annual payout of $0.67 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.67 | $0.77 | $0.76 | $0.45 | $0.30 | $0.35 | $0.48 | $0.43 | $0.38 | $0.37 | $0.38 | $0.38 |
Dividend yield | 7.42% | 8.29% | 8.21% | 5.00% | 3.20% | 3.79% | 5.11% | 4.66% | 3.95% | 3.86% | 4.21% | 3.94% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Floating Rate High Income Fund Class I. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.06 | $0.05 | $0.06 | $0.00 | $0.00 | $0.16 | |||||||
| 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 | $0.05 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.76 |
| 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 | $0.02 | $0.02 | $0.04 | $0.30 |
| 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 | $0.35 |
| 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 | $0.48 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.43 |
| 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 | $0.38 |
| 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 | $0.37 |
| 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 | $0.38 |
| 2014 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.38 |
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 Advisor Floating Rate High Income Fund Class I. 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 Advisor Floating Rate High Income Fund Class I was 22.13%, occurring on Mar 23, 2020. Recovery took 176 trading sessions.
The current Fidelity Advisor Floating Rate High Income Fund Class I drawdown is 1.12%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.13% | Jan 23, 2020 | 42 | Mar 23, 2020 | 176 | Dec 1, 2020 | 218 |
| -21.03% | Jun 20, 2008 | 123 | Dec 15, 2008 | 151 | Jul 23, 2009 | 274 |
| -7.03% | Nov 1, 2007 | 70 | Feb 12, 2008 | 75 | May 30, 2008 | 145 |
| -6.2% | Jun 2, 2015 | 184 | Feb 23, 2016 | 68 | May 31, 2016 | 252 |
| -5.6% | Apr 11, 2022 | 60 | Jul 6, 2022 | 131 | Jan 9, 2023 | 191 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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