# Fidelity High Income Fund (SPHIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/sphix for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Fidelity · Asset class: Equity - Strategy: Thematic · Inception: 1990-08-29 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. ## Key Facts | Metric | Value | |---|---| | Price | $7.73 | | Expense Ratio | 0.69% | | Assets Under Management | $2.94B | | NAV | $7.73 | | Holdings Count | — | | Distribution Yield (TTM) | 7.35% | | Annual Distribution (TTM) | $0.57 /share | | Distribution Frequency | Monthly | | 52-Week Range | $7.73 – $8.20 | | Beta | 0.65 | ## Latest Distribution - Amount: $0.0425 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-01 ## Frequently Asked Questions ### 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 7.35%, 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 $2.94B 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. ### Does SPHIX pay a dividend? Yes, Fidelity High Income Fund (SPHIX) distributes dividends to shareholders. The trailing-twelve-month yield is 7.35%. Full dividend history is on this page. ### How often does SPHIX pay dividends? Fidelity High Income Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is SPHIX's next ex-dividend date? The most recently announced ex-dividend date for SPHIX was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will SPHIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.69% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does SPHIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from SPHIX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does SPHIX cost more than a fund like VOO? SPHIX's strategy (current expense ratio 0.69%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where SPHIX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to SPHIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as SPHIX (0.69%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/sphix - Distribution history: https://www.dividenddata.com/funds/sphix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/sphix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/sphix/expenses - Peer comparison: https://www.dividenddata.com/funds/sphix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.