Fidelity High Income Fund

Frequently Asked Questions About SPHIX

What does SPHIX invest in?

This fund primarily seeks to generate income by investing in debt instruments, preferred shares, and convertible securities, with a notable emphasis on higher-risk, lower-rated debt. The portfolio also has the flexibility to include non-income producing assets, such as common stocks and defaulted securities. A key aspect of its strategy involves allocating capital to companies confronting financial challenges or instability. Its investments encompass both domestic and international issuers.

What is the expense ratio of SPHIX?

Fidelity High Income Fund (SPHIX) charges an expense ratio of 0.69%. This is the annual fee deducted from fund assets to cover management and operations.

What is SPHIX's dividend yield?

SPHIX's trailing-twelve-month yield is 5.90%, calculated from the sum of dividends over the past year divided by the current price.

How big is SPHIX?

Fidelity High Income Fund (SPHIX) manages $3.01B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is SPHIX actively managed or an index fund?

SPHIX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was SPHIX launched?

Fidelity High Income Fund (SPHIX) launched in August 1990 and is managed by Fidelity.