4 / 5 Stars
2 2 4 3 5
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
U.S. News evaluated 49 Bank Loan Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 4.54 percent over the past year, 4.21 percent over the past three years, 6.00 percent over the past five years, and 4.50 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||1.9%|
|3 Years (Annualized)||4.2%|
|5 Years (Annualized)||6.0%|
|10 Years (Annualized)||4.5%|
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.
Fees are Low compared to funds in the same category.
Fidelity® Floating Rate High Income Fund has an expense ratio of 0.75 percent.
Risk is Low compared to funds in the same category according to Morningstar.