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Name

As of 11/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity High Income Fund

FGQMX | Fund

$7.94

$2.69 B

5.50%

$0.44

1.17%

Vitals

YTD Return

9.3%

1 yr return

14.1%

3 Yr Avg Return

2.4%

5 Yr Avg Return

2.8%

Net Assets

$2.69 B

Holdings in Top 10

11.5%

52 WEEK LOW AND HIGH

$7.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.17%

SALES FEES

Front Load 4.00%

Deferred Load 1.00%

TRADING FEES

Turnover 62.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity High Income Fund

FGQMX | Fund

$7.94

$2.69 B

5.50%

$0.44

1.17%

FGQMX - Profile

Distributions

  • YTD Total Return 9.3%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.32%
DIVIDENDS
  • Dividend Yield 5.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity High Income Fund
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Dec 07, 2018
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Weaver

Fund Description

Normally investing primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds). Potentially investing in non-income producing securities, including defaulted securities and common stocks. Investing in companies in troubled or uncertain financial condition. Using the credit quality distribution of an index representing the overall high yield bond market, which as of April 30, 2024, was the ICE® BofA® US High Yield Constrained Index, as a guide in structuring the fund's credit quality composition. Investing in domestic and foreign issuers. Using fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.
Read More

FGQMX - Performance

Return Ranking - Trailing

Period FGQMX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.3% -7.0% 16.6% 10.59%
1 Yr 14.1% -0.9% 18.2% 11.73%
3 Yr 2.4%* -14.3% 21.4% 66.39%
5 Yr 2.8%* -11.0% 37.3% 86.24%
10 Yr N/A* -4.9% 20.1% 68.09%

* Annualized

Return Ranking - Calendar

Period FGQMX Return Category Return Low Category Return High Rank in Category (%)
2023 4.9% -4.7% 14.3% 59.15%
2022 -16.2% -33.4% 3.6% 63.20%
2021 -0.5% -8.4% 8.2% 69.18%
2020 -2.6% -13.2% 302.7% 87.48%
2019 8.5% -4.4% 13.3% 40.65%

Total Return Ranking - Trailing

Period FGQMX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.3% -7.0% 16.6% 10.59%
1 Yr 14.1% -0.9% 18.2% 11.73%
3 Yr 2.4%* -14.3% 21.4% 66.39%
5 Yr 2.8%* -11.0% 37.3% 86.24%
10 Yr N/A* -4.9% 20.1% 81.77%

* Annualized

Total Return Ranking - Calendar

Period FGQMX Return Category Return Low Category Return High Rank in Category (%)
2023 10.6% -4.7% 18.7% 79.74%
2022 -12.3% -33.4% 47.8% 82.34%
2021 4.4% -8.4% 12.4% 65.92%
2020 2.4% -9.6% 325.6% 89.24%
2019 14.4% -3.8% 19.4% 38.66%

NAV & Total Return History

FGQMX - Holdings

Concentration Analysis

FGQMX Category Low Category High FGQMX % Rank
Net Assets 2.69 B 3.13 M 23.6 B 17.59%
Number of Holdings 791 2 3879 13.42%
Net Assets in Top 10 303 M -492 M 5.25 B 23.08%
Weighting of Top 10 11.51% 4.2% 146.0% 61.37%

Top 10 Holdings

  1. Fidelity Securities Lending Cash Central Fund 3.72%
  2. UST NOTES 4% 02/15/2034 1.85%
  3. Fidelity Private Credit Company LLC 1.80%
  4. MESQUITE ENERGY INC 0.68%
  5. CHS/CMNTY HEALTH SYSTEMS INC 5.25% 05/15/2030 144A 0.65%
  6. ARTERA SERVICES LLC 8.5% 02/15/2031 144A 0.60%
  7. DISH NETWORK CORP CONV 3.375% 08/15/2026 0.58%
  8. Fidelity Cash Central Fund 0.56%
  9. EG GLOBAL FINANCE PLC 12% 11/30/2028 144A 0.55%
  10. TRANSDIGM INC 5.5% 11/15/2027 0.52%

Asset Allocation

Weighting Return Low Return High FGQMX % Rank
Bonds 		92.98% 0.00% 145.36% 71.50%
Cash 		4.28% -52.00% 48.02% 41.24%
Stocks 		3.97% 0.00% 99.64% 15.64%
Preferred Stocks 		1.88% 0.00% 4.97% 2.78%
Convertible Bonds 		1.42% 0.00% 17.89% 33.72%
Other 		0.02% -39.08% 99.96% 40.26%

Stock Sector Breakdown

Weighting Return Low Return High FGQMX % Rank
Consumer Defense 		53.53% 0.00% 100.00% 4.13%
Energy 		21.72% 0.00% 100.00% 52.21%
Utilities 		10.83% 0.00% 100.00% 8.55%
Consumer Cyclical 		7.78% 0.00% 100.00% 20.06%
Communication Services 		6.15% 0.00% 99.99% 38.94%
Technology 		0.00% 0.00% 33.17% 51.62%
Real Estate 		0.00% 0.00% 86.71% 44.54%
Industrials 		0.00% 0.00% 93.12% 51.92%
Healthcare 		0.00% 0.00% 22.17% 40.71%
Financial Services 		0.00% 0.00% 100.00% 49.56%
Basic Materials 		0.00% 0.00% 100.00% 47.20%

Stock Geographic Breakdown

Weighting Return Low Return High FGQMX % Rank
US 		3.63% 0.00% 99.64% 16.04%
Non US 		0.34% -0.01% 0.83% 2.45%

Bond Sector Breakdown

Weighting Return Low Return High FGQMX % Rank
Corporate 		97.58% 0.00% 100.00% 20.66%
Cash & Equivalents 		4.28% 0.00% 48.02% 32.24%
Derivative 		0.02% -14.19% 42.26% 27.50%
Securitized 		0.00% 0.00% 97.24% 63.77%
Municipal 		0.00% 0.00% 1.17% 34.10%
Government 		0.00% 0.00% 99.07% 52.46%

Bond Geographic Breakdown

Weighting Return Low Return High FGQMX % Rank
US 		92.98% 0.00% 126.57% 53.52%
Non US 		0.00% 0.00% 96.91% 59.57%

FGQMX - Expenses

Operational Fees

FGQMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.17% 0.02% 38.33% 34.64%
Management Fee 0.71% 0.00% 1.75% 87.28%
12b-1 Fee 0.25% 0.00% 1.00% 31.35%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

FGQMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.00% 2.25% 5.75% 51.06%
Deferred Load 1.00% 1.00% 5.00% 41.77%

Trading Fees

FGQMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FGQMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 62.00% 1.00% 255.00% 42.04%

FGQMX - Distributions

Dividend Yield Analysis

FGQMX Category Low Category High FGQMX % Rank
Dividend Yield 5.50% 0.00% 11.76% 76.59%

Dividend Distribution Analysis

FGQMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

FGQMX Category Low Category High FGQMX % Rank
Net Income Ratio 4.32% -2.39% 9.30% 53.67%

Capital Gain Distribution Analysis

FGQMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

FGQMX - Fund Manager Analysis

Managers

Michael Weaver

Start Date

Tenure

Tenure Rank

Oct 01, 2018

3.67

3.7%

Michael Weaver is a portfolio manager at FMR Co. In this role, Mr. Weaver is responsible for co-managing Fidelity Total Bond ETF, multiple institutional high yield portfolios, and co-manages all of Fidelity’s collateralized loan obligation strategies. Previously, Mr. Weaver held various positions in the High Income Group, including portfolio manager covering Select Automotive from 2009 to 2013. Mr. Weaver joined Fidelity in 2005, and has been in the investments industry since 1998. Mr. Weaver earned his BS degree in economics from the Wharton School at the University of Pennsylvania.

Alexandre Karam

Start Date

Tenure

Tenure Rank

Dec 01, 2018

3.5

3.5%

Alexandre Karam is a portfolio manager in the High Income division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to more than 26 million individuals, institutions, and financial intermediaries.

Benjamin Harrison

Start Date

Tenure

Tenure Rank

Jan 03, 2022

0.41

0.4%

Since joining Fidelity Investments in 2009, Mr. Harrison has worked as a managing director of research and business development and portfolio manager.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.32 8.17

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