Fidelity Advisor Floating Rate Hi Inc Z (FIQSX)
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Fidelity Advisor Floating Rate Hi Inc Z
Boston, MA 02109
82 Devonshire Street
Fidelity Advisor Series I
Management Information
,Lead Manager since September 30, 2022
Chandler Perine is a portfolio manager in the High Income and Alternatives division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals.
In this role, Mr. Perine co-manages Fidelity and Fidelity Advisor Floating Rate High Income Funds, Fidelity VIP Floating Rate High Income Portfolio, and Fidelity Series Floating Rate High Income Fund.
Prior to assuming his current responsibilities in 2022, Mr. Perine evaluated investment opportunities across multiple asset classes, including stocks, high yield bonds, convertibles, and bank loans in the food, beverage, grocery, restaurant, gaming, regulated utility, and healthcare industries.
Before joining Fidelity in 2008, Mr. Perine was an investment analyst at Cypresstree Investment Management where he was responsible for a portfolio of leveraged bank loans, high-yield bonds, and CDS in the oil and gas, utilities, and waste service industries. Prior to that, he also held various roles at the Federal Reserve Bank of Boston. He has been in the financial industry since 1999.
Mr. Perine earned his bachelor of arts degree in government and legal studies with a concentration in international relations from Bowdoin College and his masters of business administration from the Carroll Graduate School of Management, Boston College.
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.
Fund Overview
CategoryBank Loan
Fund FamilyFidelity Investments
Net Assets14.05B
YTD Return2.95%
Yield8.52%
Morningstar Rating★★★★★
Inception DateAug 15, 2000
Fund Operations
Last Dividend0.26
Last Cap Gain-11.00
Holdings Turnover35.00%
Average for CategoryN/A
Fees & Expenses
ExpenseFIQSXCategory Average
Annual Report Expense Ratio (net)0.76%1.03%
Prospectus Net Expense Ratio0.76%N/A
Prospectus Gross Expense Ratio0.76%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A3.08%
Max Deferred Sales LoadN/A1.05%
3 Yr Expense Projection0N/A
5 Yr Expense Projection0N/A
10 Yr Expense Projection0N/A
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