Fidelity High Income Fund

(SPHIX)
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YTD Performance as of 07/28/2010 6.66%
1 Year* 24.00%
3 Year* 5.91%
5 Year* 6.79%
10 Year* 5.45%
Life* 9.29%
NAV as of 07/28/2010 8.68
Morningstar Category High Yield Bond
Overall Morningstar Rating Morningstar Rating 4 star
12 Month Low-High $7.28-$8.83
Net Assets ($M) as of 06/30/2010 $6,536.03
30-Day Yield 2 as of 07/27/2010 7.81%
Minimum to Invest3 $2,500.00 ($2,500.00 for IRA)
Transaction Fee (online) None
Expense Ratio 0.75%
* Performance as of 06/30/2010 | All performance data above is not load-adjusted.
 Additional performance data including quarter-end returns
 Detailed Quote

Performance & Volatility (SPHIX)

Average Annual Total Returns (%)

4 as of 06/30/2010   More information
SPHIX    
1 Year 24.00
3 Year 5.91
5 Year 6.79
10 Year 5.45

Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.

Volatility Measure

 as of 06/30/2010   More information
Beta 0.91
R² 0.98
Standard Deviation 15.62
All measures are over a 3 Year period
  More about Performance & Risk

Ratings (SPHIX)

Overall Morningstar Rating

 as of 06/30/2010  More information
Overall MorningStar Rating 4 stars

The number of funds in Morningstar's High Yield Bond category was 500. The Overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Ratings Metrics as of the date stated. See more information on the fund's Morningstar Ratings.

Fund Pick 

Fundpicks Image  More information

This fund has been selected as a Fund Pick. Fund Picks from FidelitySM are chosen by Strategic Advisers, who apply Selection Criteria to funds in Morningstar Investment Categories.

  More about Ratings

Growth of Hypothetical $10,0005

Shows growth of a hypothetical $10,000 investment in Fidelity High Income Fund over the selected time period.
Actual Values as of 07/2010
Date Value
12/31/2000 $8,579.92
12/31/2001 $8,164.39
12/31/2002 $8,285.50
12/31/2003 $10,562.51
12/31/2004 $11,585.93
12/31/2005 $11,986.14
12/31/2006 $13,272.95
12/31/2007 $13,586.26
12/31/2008 $10,363.78
12/31/2009 $15,697.14
06/30/2010 $16,175.28
Time Frame
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Composition (SPHIX)

Strategy

  More information

Normally investing at primarily in income-producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities. Investing in companies in troubled or uncertain financial condition. Potentially investing in non-income producing securities, including defaulted securities and common stocks.

See Fidelity Fund Picks
(top performing funds from Fidelity and other companies)

Fund Manager

  More information
Fund Manager(s): Fred Hoff

Top Ten Holdings

6 as of 06/30/2010  More information
AVAYA INC TERM LOAN 10/24/14
THOMSON LEARNING TM B 7/05/14
NEXTEL COMM 7.375% SER D 8/15
AVAYA INC PIK 10.125% 11/1/15
VWR FDG INC PIK 10.25% 7/15
ILFC 8.625% 9/15/15 144A
TL ACQSTNS 10.5% 1/15/15 144A
SERVICEMASTER PK10.75 7/15 144
TXU ENERGY TERM B2 10/10/14
CHARTER COM TM B 1LN REFI 3/14
Please download appropriate Flash Player to see the
"Top Ten Holdings Pie Chart".
11.12% of Portfolio
      Total Holdings: 406
  More about Composition
  1. No Transaction Fee Fidelity funds are available without paying a trading fee to Fidelity or a sales load to the fund. However, the fund may charge a short-term trading or redemption fee to protect the interests of long-term shareholders of the fund. See Expenses & Fees for more information.
  2. The fund's 30-day yield is based on yield to maturity of a fund's investments over a 30-day period and not on the dividends paid by the fund, which may differ.
  3. Minimum investment for SEP-IRAs or Keoghs is $500.
  4. Total returns include changes in share price and reinvestment of dividends and capital gains, if any. Quarter-end returns include the effect of any applicable recurring and non-recurring fees (including short-term trading fees or redemption fees).
  5. The chart illustrates the performance of a hypothetical $10,000 investment made in the fund ten years ago or on commencement of operations (whichever is later). Figures include reinvestment of capital gains and dividends, but do not reflect the effect of any applicable sales charges or redemption fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.
  6. The holdings data is presented to illustrate examples of the securities that the fund has bought and the diversity of areas in which the fund may invest and may not be representative of the fund's current or future investments. The top ten holdings do not include money market instruments and/or futures contracts. The figures presented are as of date shown, do not include the fund's entire investment portfolio and may change at any time. Depositary receipts are normally combined with the underlying security.

Before investing, consider the fund's investment objectives, risks, charges and expenses. Contact Fidelity for a prospectus containing this information. Read it carefully.

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