Fidelity Advisor Series I: Fidelity Advisor Floating Rate High Income Fund; Class I Shares (FFRIX)

8.97 0.11%
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Pros
10-year return above the benchmark
No sales load or distribution fees
Cons
3-year return below the benchmark
5-year return below the benchmark
High expense ratio

Pros

  1. FFRIX 10-year return is 3.2%, which is in line with the 10-year return of the benchmark index (S&P/LSTA Performing Loan TR), 3.49%.
  2. Good news: this fund does not have 12b1, front-end or back-end sales fees.

Cons

  1. FFRIX 3-year return is 2.19%, which is lower than the 3-year return of the benchmark index (S&P/LSTA Performing Loan TR), 3.23%.
  2. FFRIX 5-year return is 3.41%, which is lower than the 5-year return of the benchmark index (S&P/LSTA Performing Loan TR), 3.9%.
  3. FFRIX expense ratio is 0.72%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?