Fidelity Floating Rate High Income

The Fidelity Floating Rate High Income (FFRHX) fund primarily allocates at least 80% of its assets to floating rate loans and other variable-rate debt instruments, which often include lower-rated, higher-yield securities. It specifically seeks out opportunities to invest in companies experiencing financial challenges or precarious conditions. Complementing these core holdings, the fund may also invest in money market instruments, investment-grade debt, and repurchase agreements. Its portfolio encompasses both domestic and international issuers. The fund's adviser utilizes a comprehensive fundamental analysis, meticulously assessing each issuer's financial stability, industry position, and the prevailing market and economic landscape to make informed investment decisions.