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Morningstar

Fidelity® High Income SPHIX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
7.11  /  0.15 %
Total Assets
3.1 Bil
Adj. Expense Ratio
0.700%
Expense Ratio
0.700%
Fee Level
Below Average
Longest Manager Tenure
4.00 years
Category
High Yield Bond
Credit Quality / Interest Rate Sensitivity
—
Min. Initial Investment
0
Status
Open
TTM Yield
5.78%
Effective Duration
— years

Morningstar’s Fund 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 solid core high-yield offering.

Analyst

Summary

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Mike Weaver took the reins on Fidelity High Income in late 2018, but its managers have years of experience and a solid process, and are backed by Fidelity's sizable high-yield resources. It earns a Morningstar Analyst Rating of Bronze for its cheapest share classes, while its pricier shares are rated Neutral.

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