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Lipper
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Zacks Investment Research
4
(Sell)
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Standard & Poor's
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TheStreet.com
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U.S. News evaluated 43 Bank Loan Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Performance
The fund has returned 10.71 percent over the past year.
| Trailing Returns | Updated 05.31.2013 |
|---|---|
| Year to date | 3.7% |
| 1 Year | 10.7% |
| 3 Years (Annualized) | N/A |
| 5 Years (Annualized) | N/A |
| 10 Years (Annualized) | N/A |
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 0.63 percent.
Risk
Risk is N/A compared to funds in the same category according to Morningstar.
