9.32 Down -0.06 -0.64%
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 9.38
Category High Yield Bond
Net Assets 6.45 Bil
Yield 4.88%
Morningstar Risk Average
Morningstar Return Above Average
  • Last NAV update 7/31/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
The investment seeks a high level of current income; growth of capital may also be considered. The fund normally invests primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities. It potentially invests in non-income producing securities, including defaulted securities and common stocks.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return 13.73% 3.43% 14.87% 6.68% 2.72%
Value ($) 11,372.51 11,762.62 13,511.44 14,414.17 14,805.52
  • Year to date performance as of 7/31/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family Fidelity Investments
Fund Manager Fred Hoff
Tenure (Years) 14
Fund Status Open
Minimum Initial Purchase 2,500.00
Minimum IRA Investment 500.00
Front Load 0.00
Expense Ratio 0.72%
PERFORMANCE
Symbol Value ($)
1 Month -1.47%
3 Months 0.08%
1 Year 6.49%
3 Years* 7.29%
5 Years* 10.87%
  • * Annualized returns
  • Performance as of 7/31/2014 12:00 AM ET
PEER COMPARISON
  SPHIX High Yield Bond
5-Yr Return 10.87% 10.95%
Sharpe Ratio 1.19 NA
Net Assets 6.45 Bil 449.28 Mil
Avg Market Cap 1.88 Bil 12.85 Bil
Avg P/E 22.89 16.73
Portfolio Turnover 56 80
HOLDINGS
Symbol Value ($)
Stocks 1.97%
Cash 10.25%
Fixed Income 87.47%
Other 0.31%
TOP 10 HOLDINGS
NAME % NET ASSETS
Trinseo Matls Oper Sca / Fin 8.75% 0.92%
Laureate Educ 144A 9.25% 0.87%
Chs / Cmnty Health Sys 8% 0.86%
Chs / Cmnty Health Sys 144A 6.875% 0.85%
Tenet Healthcare 8.125% 0.83%
Rite Aid 6.75% 0.72%
Tronox Worldwide 6.375% 0.69%
Serta Simmons Hldgs 144A 8.125% 0.63%
Sprint Cap 6.9% 0.62%
First Data Corp Term Ext 3/18 0.58%
DATA PROVIDERS

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Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

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