Fidelity® High Income (SPHIX)

8.89
Net Asset Value
+0.11%
1 Day
-0.11%
Year-to-Date
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
0.72%
Expense Ratio
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+0.30% 3 years+6.75%
3 months-1.62% 5 years+7.66%
1 year+0.75% Since inception+9.07%
Data through --

Peer Comparisonvs. High yield bond

 SPHIXCategory
Performance 5-yr return+7.66%+7.86%
Expense ratio0.72%1.12%
Risk 5 year sharpe ratio1.181.24
Net assets$5.4B$1.4B
Average market cap$1.4B$12.8B
Average P/E--20.2
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 income94.02%
Cash3.71%
Other1.99%
U.S. stock0.28%
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
-- Laureate Educ 144A 9.25%1.10%
-- Tenet Healthcare 8.125%1.04%
-- Chs / Cmnty Health Sys 6.875%1.04%
-- Tronox Worldwide 6.375%1.03%
-- Trinseo Matls Oper Sca / Fin 8.75%0.96%
-- Altice Sa 144A 7.75%0.87%
-- Laureate Edu Term B 06/16/180.86%
-- Rite Aid 6.75%0.80%
-- Serta Simmons Hldgs 144A 8.125%0.72%
-- Sprint Cap 6.9%0.68%

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