Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX)
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.
Fund Info
US3158067039
Oct 2, 2018
$0
Expense Ratio
FIQSX has an expense ratio of 0.62%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) returned 0.57% year-to-date (YTD) and 6.14% over the past 12 months.
FIQSX
0.57%
2.64%
1.90%
6.14%
7.79%
N/A
^GSPC (Benchmark)
-0.64%
8.97%
-2.62%
11.90%
15.76%
10.69%
Monthly Returns
The table below presents the monthly returns of FIQSX, 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 | 0.50% | 0.13% | -0.45% | -0.49% | 0.88% | 0.57% | |||||||
| 2024 | 1.35% | 1.01% | 0.11% | 1.22% | 0.69% | -0.43% | 1.40% | -0.22% | 1.43% | 1.12% | 0.54% | 1.00% | 9.59% |
| 2023 | 2.99% | 0.61% | 0.15% | 0.33% | 0.43% | 2.26% | 1.16% | 1.24% | -0.11% | 0.58% | 1.37% | 0.81% | 12.44% |
| 2022 | 0.27% | -0.51% | 0.28% | -0.43% | -1.97% | -2.40% | 1.92% | 2.02% | -2.15% | 1.24% | 1.37% | -0.37% | -0.86% |
| 2021 | 1.06% | 1.00% | -0.05% | 0.60% | 0.69% | 0.25% | -0.15% | 0.60% | 0.78% | 0.47% | -0.38% | 0.62% | 5.63% |
| 2020 | 0.29% | -1.66% | -11.88% | 3.71% | 4.18% | 0.45% | 1.91% | 1.31% | 0.54% | 0.08% | 2.64% | 1.29% | 1.86% |
| 2019 | 2.73% | 1.56% | -0.19% | 1.60% | -0.40% | 0.33% | 0.65% | -0.20% | 0.73% | -0.63% | 0.60% | 1.49% | 8.55% |
| 2018 | -0.25% | -0.85% | -2.30% | -3.37% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 94, FIQSX is among the top 6% 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 Z (FIQSX) 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
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 Z. 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 Z was 22.19%, occurring on Mar 23, 2020. Recovery took 175 trading sessions.
The current Fidelity Advisor Floating Rate High Income Fund Class Z drawdown is 0.06%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.19% | Jan 22, 2020 | 43 | Mar 23, 2020 | 175 | Nov 30, 2020 | 218 |
| -5.53% | Jan 21, 2022 | 114 | Jul 6, 2022 | 128 | Jan 6, 2023 | 242 |
| -3.9% | Oct 10, 2018 | 54 | Dec 27, 2018 | 37 | Feb 21, 2019 | 91 |
| -3.17% | Mar 4, 2025 | 25 | Apr 7, 2025 | — | — | — |
| -1.64% | Mar 10, 2023 | 7 | Mar 20, 2023 | 9 | Mar 31, 2023 | 16 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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