Fidelity® High Income (SPHIX)

9.19
Net Asset Value
+0.11%
1 Day
-1.92%
Year-to-Date
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
0.72%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks a high level of current income; growth of capital may also be considered. The fund normally 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.

Performance

1 month-1.09% 3 years+8.98%
3 months-1.03% 5 years+9.10%
1 year+4.29% Since inception+9.19%
Data through --

Peer Comparisonvs. High yield bond

 SPHIXCategory
Performance 5-yr return+9.10%+9.39%
Expense ratio0.72%1.13%
Risk 5 year sharpe ratio1.361.47
Net assets$5.8B$1.6B
Average market cap$1.3B$10.8B
Average P/E--19.0
Portfolio turnover56%56%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureFred Hoff / 14 Years
Minimal initial investment$2,500.00
Minimum IRA investment$500.00

Holdings

Fixed income93.88%
Cash3.65%
Other2.21%
U.S. stock0.26%
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
-- Tronox Worldwide 6.375%1.01%
-- Laureate Educ 144A 9.25%1.00%
-- Chs / Cmnty Health Sys 144A 6.875%0.96%
-- Tenet Healthcare 8.125%0.95%
-- Chs / Cmnty Health Sys 8%0.82%
-- Trinseo Matls Oper Sca / Fin 8.75%0.80%
-- Altice Sa 144A 7.75%0.80%
-- Laureate Edu Term B 06/16/180.78%
-- Rite Aid 6.75%0.73%
-- Sprint Cap 6.9%0.65%

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