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FFHFX Fidelity® Series Floating Rate Hi Inc F

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Fund FFHFX Fidelity® Series Floating Rate Hi Inc F
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Similarity
?
100%
Annual Fees
?
$65.24
(0.64% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.93% annual return
$14,653.62
Est. savings over 30 yrs
Return
As of 11/30/16
1 YR RETURN 7.73%
3 YR 2.72%
5 YR 5.28%
10 YR --
Description
The investment seeks a high level of current income. The fund normally invests at least 80% of assets in floating rate loans, which are often lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds), 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.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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