Morningstar

Fidelity High Income SPHIX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 7.97  /  +0.13 %
  • Total Assets 2.7 Bil
  • Adj. Expense Ratio
    0.710%
  • Expense Ratio 0.880%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 5.71%
  • Effective Duration —

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 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.

  • 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
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings SPHIX

More SPHIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

5 Year Treasury Note Future Sept 24

1.81 47.6 Mil
Government

Fidelity Private Cr Co (Unit)

1.80 47.2 Mil
—

TransDigm, Inc. 5.5%

0.77 20.4 Mil
Corporate

Mesquite Engy

0.68 17.8 Mil
—

Artera Services LLC 8.5%

0.62 16.3 Mil
Corporate

Community Health Systems Incorporated 5.25%

0.62 16.2 Mil
Corporate

DISH Network Corporation 3.375%

0.59 15.6 Mil
Corporate

Rand Parent LLC 8.5%

0.57 15.1 Mil
Corporate

Fidelity Cash Central Fund

0.57 15.1 Mil
Cash and Equivalents

EG Global Finance PLC 12%

0.55 14.5 Mil
Corporate

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