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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 Focused High Income Fund

FHIFX | Fund

$8.16

$206 M

4.68%

$0.38

0.76%

Vitals

YTD Return

6.3%

1 yr return

10.7%

3 Yr Avg Return

1.9%

5 Yr Avg Return

2.6%

Net Assets

$206 M

Holdings in Top 10

19.5%

52 WEEK LOW AND HIGH

$8.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.76%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 73.00%

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 Focused High Income Fund

FHIFX | Fund

$8.16

$206 M

4.68%

$0.38

0.76%

FHIFX - Profile

Distributions

  • YTD Total Return 6.3%
  • 3 Yr Annualized Total Return 1.9%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 3.88%
DIVIDENDS
  • Dividend Yield 4.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity Focused High Income Fund
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Sep 15, 2004
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • 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). Normally investing primarily in securities rated BB by Standard & Poor's (S&P) , Ba by Moody's Investors Service (Moody's), comparably rated by at least one nationally recognized credit rating agency, or, if unrated, considered by Fidelity Management & Research Company LLC (FMR) to be of comparable quality. Potentially investing in securities that have a higher or lower credit quality. Potentially investing in non-income producing securities, including defaulted securities and common stocks. Investing in companies in troubled or uncertain financial condition. 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

FHIFX - Performance

Return Ranking - Trailing

Period FHIFX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.3% -8.1% 17.3% 82.08%
1 Yr 10.7% -2.1% 33.3% 80.62%
3 Yr 1.9%* -14.6% 21.5% 78.37%
5 Yr 2.6%* -11.2% 37.3% 89.24%
10 Yr 3.7%* -5.0% 20.1% 59.15%

* Annualized

Return Ranking - Calendar

Period FHIFX Return Category Return Low Category Return High Rank in Category (%)
2023 5.4% -4.7% 14.3% 45.59%
2022 -14.7% -33.4% 3.6% 34.98%
2021 -0.6% -8.4% 8.2% 72.95%
2020 0.4% -13.2% 302.7% 38.10%
2019 10.5% -4.4% 13.3% 5.81%

Total Return Ranking - Trailing

Period FHIFX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.3% -8.1% 17.3% 82.08%
1 Yr 10.7% -2.1% 33.3% 80.62%
3 Yr 1.9%* -14.6% 21.5% 78.37%
5 Yr 2.6%* -11.2% 37.3% 89.24%
10 Yr 3.7%* -5.0% 20.1% 59.15%

* Annualized

Total Return Ranking - Calendar

Period FHIFX Return Category Return Low Category Return High Rank in Category (%)
2023 10.2% -4.7% 18.7% 83.99%
2022 -11.0% -33.4% 47.8% 58.09%
2021 3.5% -8.4% 12.4% 82.53%
2020 4.8% -9.6% 325.6% 61.55%
2019 15.9% -3.8% 19.4% 10.34%

NAV & Total Return History

FHIFX - Holdings

Concentration Analysis

FHIFX Category Low Category High FHIFX % Rank
Net Assets 206 M 3.13 M 23.6 B 73.94%
Number of Holdings 367 2 3879 48.94%
Net Assets in Top 10 39.3 M -492 M 5.25 B 71.03%
Weighting of Top 10 19.48% 4.2% 146.0% 21.77%

Top 10 Holdings

  1. Fidelity Securities Lending Cash Central Fund 6.55%
  2. Fidelity Cash Central Fund 3.52%
  3. IRON MTN INC 4.875% 09/15/2029 144A 1.28%
  4. ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSONS INC / ALBERTSONS LLC 3.5% 03/15/2029 144A 1.27%
  5. HILTON DOMESTIC OPERATING CO INC 4% 05/01/2031 144A 1.25%
  6. VISTRA OPERATIONS CO LLC 5% 07/31/2027 144A 1.16%
  7. YUM BRANDS INC 3.625% 03/15/2031 1.15%
  8. HESS MIDSTREAM PARTNERS LP 5.625% 02/15/2026 144A 1.14%
  9. TRANSDIGM INC 6.75% 08/15/2028 144A 1.10%
  10. FORD MTR CR CO LLC 4.687% 06/09/2025 1.05%

Asset Allocation

Weighting Return Low Return High FHIFX % Rank
Bonds 		96.08% 0.00% 145.36% 40.88%
Cash 		10.07% -52.00% 48.02% 10.64%
Preferred Stocks 		0.87% 0.00% 4.97% 9.33%
Convertible Bonds 		0.54% 0.00% 17.89% 73.32%
Stocks 		0.13% 0.00% 99.64% 59.61%
Other 		0.00% -39.08% 99.96% 57.28%

Stock Sector Breakdown

Weighting Return Low Return High FHIFX % Rank
Energy 		100.00% 0.00% 100.00% 0.88%
Utilities 		0.00% 0.00% 100.00% 40.41%
Technology 		0.00% 0.00% 33.17% 41.89%
Real Estate 		0.00% 0.00% 86.71% 34.51%
Industrials 		0.00% 0.00% 93.12% 46.90%
Healthcare 		0.00% 0.00% 22.17% 31.86%
Financial Services 		0.00% 0.00% 100.00% 41.59%
Communication Services 		0.00% 0.00% 99.99% 60.77%
Consumer Defense 		0.00% 0.00% 100.00% 34.22%
Consumer Cyclical 		0.00% 0.00% 100.00% 51.33%
Basic Materials 		0.00% 0.00% 100.00% 42.48%

Stock Geographic Breakdown

Weighting Return Low Return High FHIFX % Rank
US 		0.13% 0.00% 99.64% 59.74%
Non US 		0.00% -0.01% 0.83% 31.91%

Bond Sector Breakdown

Weighting Return Low Return High FHIFX % Rank
Corporate 		97.55% 0.00% 100.00% 21.80%
Cash & Equivalents 		10.07% 0.00% 48.02% 9.98%
Derivative 		0.00% -14.19% 42.26% 48.94%
Securitized 		0.00% 0.00% 97.24% 54.59%
Municipal 		0.00% 0.00% 1.17% 21.15%
Government 		0.00% 0.00% 99.07% 44.59%

Bond Geographic Breakdown

Weighting Return Low Return High FHIFX % Rank
US 		96.08% 0.00% 126.57% 29.79%
Non US 		0.00% 0.00% 96.91% 52.21%

FHIFX - Expenses

Operational Fees

FHIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.76% 0.02% 38.33% 69.93%
Management Fee 0.70% 0.00% 1.75% 83.03%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

FHIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FHIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 64.06%

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.

FHIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 73.00% 1.00% 255.00% 68.52%

FHIFX - Distributions

Dividend Yield Analysis

FHIFX Category Low Category High FHIFX % Rank
Dividend Yield 4.68% 0.00% 11.76% 88.46%

Dividend Distribution Analysis

FHIFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FHIFX Category Low Category High FHIFX % Rank
Net Income Ratio 3.88% -2.39% 9.30% 75.33%

Capital Gain Distribution Analysis

FHIFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Distributions History

View More +

FHIFX - Fund Manager Analysis

Managers

Michael Weaver

Start Date

Tenure

Tenure Rank

Jun 29, 2018

3.92

3.9%

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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