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

The Fidelity Advisor Floating Rate High Income Fund (FFRIX) is a mutual fund that focuses on providing high income through investments in floating rate loans. This class I fund is managed by Fidelity Investments and is designed for investors seeking a higher level of income with lower interest rate risk. The fund primarily invests in senior secured floating rate loans, which are loans with variable interest rates that adjust periodically based on market conditions. This allows the fund to potentially benefit from rising interest rates while also providing a level of protection against interest rate fluctuations. With a focus on high income and lower risk, FFRIX may be a suitable option for investors looking for a stable source of income in their portfolio.