Fidelity® Series Floating Rate High IncFd

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Performance

The fund has returned 5.46 percent over the past year.

Trailing Returns Updated 03.31.2014
Year to date 1.7%
1 Year 5.5%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

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

Fees are Low compared to funds in the same category.
Fidelity® Series Floating Rate High IncFd has an expense ratio of 0.72 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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