Morningstar

Fidelity High Income SPHIX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Fidelity Investment Hub

Morningstar’s Analysis SPHIX

Will SPHIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SPHIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SPHIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of SPHIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A new manager looks to make his mark.

Analyst Max Curtin

Max Curtin

Analyst

Summary

Fidelity High Income’s team changes and process tweaks are still fresh since the strategy’s sudden June 2023 manager switch.

by Max Curtin
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