Lead manager Michael Weaver’s abrupt retirement and in-progress changes to Fidelity High Income’s approach support a Morningstar Medalist Rating of Neutral for its cheapest share classes and Negative for its pricier shares.
Fidelity High Income SPHIX
- NAV / 1-Day Return 7.67 / +0.43 %
- Total Assets 2.6 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.870%
- Distribution Fee Level Below Average
- Share Class Type No Load
- Category High Yield Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment —
- Status Open
- TTM Yield 5.64%
- Effective Duration —
USD | NAV as of May 03, 2024 | 1-Day Return as of May 03, 2024, 10:17 PM GMT+0
Morningstar’s Analysis SPHIX
Will SPHIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 8.2
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Fidelity Private Cr Co (Unit) | 1.77 | 47.6 Mil | — |
Southeastern Grocers Inc Ordinary Shares | 1.25 | 33.7 Mil | — |
Cash | 0.88 | 23.8 Mil | Cash and Equivalents |
New Fortress Energy Inc. 6.5% | 0.84 | 22.8 Mil | Corporate |
TransDigm, Inc. 5.5% | 0.74 | 20.0 Mil | Corporate |
Icahn Enterprises, L.P. / Icahn Enterprises Finance Corporation 5.25% | 0.69 | 18.6 Mil | Corporate |
Mesquite Engy | 0.65 | 17.4 Mil | — |
Community Health Systems Incorporated 5.25% | 0.58 | 15.7 Mil | Corporate |
DISH Network Corporation 2.375% | 0.56 | 15.1 Mil | Corporate |
DISH Network Corporation 3.375% | 0.55 | 14.9 Mil | Corporate |