9.45 Up unch unch
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 9.45
Category High Yield Bond
Net Assets 6.27 Bil
Yield 5.36%
Morningstar Risk Average
Morningstar Return Above Average
  • Last NAV update 4/23/2014 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 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. The fund invests in companies in troubled or uncertain financial condition. It invests in domestic and foreign issuers. The fund uses fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return 13.73% 3.43% 14.87% 6.68% 2.52%
Value ($) 11,372.51 11,762.62 13,511.44 14,414.17 14,776.80
  • Year to date performance as of 4/22/2014 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 0.32%
3 Months 1.52%
1 Year 5.39%
3 Years* 7.38%
5 Years* 14.72%
  • * Annualized returns
  • Performance as of 4/22/2014 12:00 AM ET
PEER COMPARISON
  SPHIX High Yield Bond
5-Yr Return 14.72% 14.71%
Sharpe Ratio 1.10 1.43
Net Assets 6.27 Bil 449.28 Mil
Avg Market Cap 1.89 Bil 14.01 Bil
Avg P/E 21.92 15.39
Portfolio Turnover 44 81
HOLDINGS
Symbol Value ($)
Stocks 2.10%
Cash 4.81%
Fixed Income 92.76%
Other 0.33%
TOP 10 HOLDINGS
NAME % NET ASSETS
Trinseo Matls Oper Sca / Fin 144A 8.75% 1.09%
Intelsat Luxembourg S A 144A 7.75% 0.94%
Chs / Cmnty Health Sys 8% 0.93%
Fwct-2 Escrow 144A 6.875% 0.81%
Rite Aid 6.75% 0.75%
Wind Acquisition Hldgs Fin S 144A 12.25% 0.71%
Serta Simmons Hldgs 144A 8.125% 0.67%
Tronox Worldwide 6.375% 0.66%
Sprint Cap 6.9% 0.66%
Laureate Educ 144A 9.25% 0.65%
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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