Fidelity veteran Michael Weaver and his comanager Alexandre Karam have only been running Fidelity High Income since late 2018 but have years of experience, a solid process, and are backed by Fidelity's sizable high-yield resources. It receives a Morningstar Analyst Rating of Bronze for its cheapest share classes, while its pricier shares earn a Neutral rating.
Fidelity® High Income SPHIX
NAV / 1-Day Return
8.81
/
0.10
%
Total Assets
4.8 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.700%
Expense Ratio
0.700%
Fee Level
Below Average
Longest Manager Tenure
2.99
years
Category
High Yield Bond
Credit Quality / Interest Rate Sensitivity
—Min. Initial Investment
0
Status
Open
TTM Yield
4.27%
Effective Duration
—
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
