Fidelity Advisor Floating Rate High Income Fund taps Mollenhauer

By Toni Weeks

San Luis Obispo, Calif., June 7 - Fidelity Advisor Series I announced in a 497 filing with the Securities and Exchange Commission that Eric Mollenhauer has replaced Christine McConnell as the portfolio manager of the Fidelity Advisor Floating Rate High Income Fund.

The fund seeks a high level of current income and invests at least 80% of its assets in floating-rate loans.

Boston-based Fidelity Management & Research Co. is the fund's manager.

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