FFRAX Performance — Fidelity Advisor Floating Rate High Income Fund, Class A
Data updated: 2026-09-23
FFRAX returned +2.42% year to date and +4.96% over one year to Jul 2026. Over one year the fund trailed its Ultrashort Corporate Bond category average: $100 grew to $105, against $106 for the category. Volatility over the past 12 months was 1.85% a year. In the 12 months to Jul 2026 the fund lost a net $414.1M, and assets reached $14.55B.
FFRAX Growth of $100
What $100 invested in Fidelity Advisor Floating Rate High Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Ultrashort Corporate Bond category average over the same months.
| Period | FFRAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $105 | $106 |
| 3 years (Aug 2023 – Jul 2026) | $72 | $122 |
| 5 years (Aug 2021 – Jul 2026) | $40 | $127 |
| Since data start (Aug 2019 – Jul 2026) | $22 | $135 |
FFRAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.42% |
| 1 year | +4.96% |
3- and 5-year figures withheld: returns differ from sibling classes.
FFRAX Annual Returns
Calendar-year total returns of Fidelity Advisor Floating Rate High Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +2.42% |
| 2025 | −0.48% |
| 2024 | −22.54% |
| 2023 | −19.78% |
| 2022 | −28.88% |
| 2021 | −24.61% |
| 2020 | −27.45% |
| 2019 (Aug–Dec) | −11.41% |
FFRAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.1% | −0.9% | +0.6% | +1.2% | +0.8% | −0.2% | +0.8% | — | — | — | — | — |
| 2025 | −2.2% | −2.7% | −0.5% | −0.6% | +1.7% | +0.9% | +0.5% | +0.5% | +0.7% | +0.2% | +0.3% | +0.7% |
| 2024 | −2.3% | −1.8% | −2.0% | −2.3% | −2.0% | −2.5% | −2.2% | −2.2% | −2.1% | −1.8% | −1.5% | −2.5% |
| 2023 | −0.5% | −2.3% | −2.6% | −1.8% | −3.0% | −0.5% | −1.7% | −1.7% | −2.1% | −3.0% | −1.5% | −1.2% |
| 2022 | −2.6% | −3.3% | −2.5% | −2.9% | −4.9% | −5.2% | −0.4% | −1.2% | −5.0% | −1.5% | −1.6% | −2.4% |
| 2021 | −1.7% | −1.8% | −2.8% | −2.3% | −2.1% | −2.4% | −3.0% | −2.1% | −2.0% | −2.3% | −3.2% | −2.1% |
| 2020 | −2.5% | −4.5% | −14.2% | +0.7% | +1.3% | −2.2% | −0.9% | −1.5% | −2.4% | −2.7% | −0.2% | −1.5% |
| 2019 | — | — | — | — | — | — | — | −3.1% | −2.1% | −3.3% | −2.3% | −1.2% |
FFRAX Risk
Risk measures from monthly returns over Aug 2025 – Jul 2026.
- 1-year volatility (annualised): 1.85%
- Best month: +1.19% (Apr 2026)
- Worst month: −0.86% (Feb 2026)
FFRAX Fund Flows
Monthly money in and out of Fidelity Advisor Floating Rate High Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$414.1M
- 12-month gross sales (incl. reinvestments): $5.4B
- Sales ÷ redemptions: 0.93×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $381.4M | $298.6M | $82.8M |
| Jun 2026 | $570.2M | $324.3M | $245.9M |
| May 2026 | $671.3M | $301.9M | $369.4M |
| Apr 2026 | $403.4M | $410.8M | −$7.5M |
| Mar 2026 | $306.2M | $694.6M | −$388.4M |
| Feb 2026 | $353.0M | $686.7M | −$333.7M |
| Jan 2026 | $538.3M | $495.4M | $42.9M |
| Dec 2025 | $525.3M | $671.9M | −$146.6M |
| Nov 2025 | $350.5M | $461.3M | −$110.8M |
| Oct 2025 | $465.2M | $647.2M | −$182.0M |
| Sep 2025 | $464.8M | $428.0M | $36.8M |
| Aug 2025 | $384.2M | $407.1M | −$22.9M |
FFRAX Assets Under Management
Net assets of Fidelity Advisor Floating Rate High Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $14.55B |
| 2026-04-30 | $13.88B |
| 2026-01-31 | $14.69B |
| 2025-10-31 | $15.01B |
| 2025-07-31 | $15.23B |
| 2025-04-30 | $14.43B |
| 2025-01-31 | $16.27B |
| 2024-10-31 | $14.60B |
| 2024-07-31 | $14.74B |
| 2024-04-30 | $14.05B |
| 2024-01-31 | $13.31B |
| 2023-10-31 | $12.21B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.