In HIGH amounts, yes.
In normal amounts, it's not an issue. Only 2-3% – is converted to fat via de novo lipogenesis.
From
this review:
"At present, short-term intervention studies however suggest that a high-fructose intake consisting of soft drinks, sweetened juices, or bakery products can increase the risk of metabolic and cardiovascular diseases. There is, however,
no objective ground to support that moderate intake of fructose, or of fructose consumed with fruits or honey, is unsafe."
And here's the conclusion of
another study:
"These data suggest that when fructose is consumed as part of a typical diet in normally consumed sweeteners, such as sucrose or HFCS, ectopic fat storage in the liver or muscles is not promoted."