Fidelity® High Income (SPHIX)

Net Asset Value
1 Day
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks a high level of current income; growth of capital may also be considered. The fund invests primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities. It potentially invests in non-income producing securities, including defaulted securities and common stocks. The fund invests in companies in troubled or uncertain financial condition. It invests in domestic and foreign issuers. The fund uses fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.


1 month+0.55% 3 years+7.43%
3 months+1.53% 5 years+14.77%
1 year+5.63% Since inception+9.41%
Data through --

Peer Comparisonvs. High yield bond

Performance 5-yr return+14.77%+15.90%
Expense ratio0.72%1.13%
Risk 5 year sharpe ratio1.811.89
Net assets$6.3B$1.7B
Average market cap--$14.0B
Average P/E--15.4
Portfolio turnover44%44%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureFred Hoff / 13 Years
Minimal initial investment$2,500.00
Minimum IRA investment$500.00


Fixed income90.79%
U.S. stock0.53%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Industrial materials 73.87%
Financial service 21.08%
Media 5.05%
Business service 0.00%
Consumer goods 0.00%
Top 10 Holdings
Portfolio weighting
-- Trinseo Matls Oper Sca / Fin 144A 8.75%1.03%
-- Intelsat Bermuda 144A 7.75%0.93%
-- Chs / Cmnty Health Sys 8%0.89%
-- Avaya 144A 10.5%0.77%
-- Rite Aid 6.75%0.76%
-- Serta Simmons Hldgs 144A 8.125%0.67%
-- Sprint Cap 6.9%0.67%
-- Wind Acquisition Hldgs Fin S 144A 12.25%0.63%
-- Fortescue Metal Trm B 10/18/170.62%
-- Intl Lease Fin 8.625%0.60%

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