FHIFX: Fidelity® Focused High Income Fund - MutualFunds.com

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Fidelity® Focused High Income

FHIFX - Snapshot

Vitals

  • YTD Return -2.1%
  • 3 Yr Annualized Return 4.1%
  • 5 Yr Annualized Return 5.9%
  • Net Assets $461 M
  • Holdings in Top 10 14.7%

52 WEEK LOW AND HIGH

$8.73
$7.21
$8.94

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.78%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 43.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA $2,500

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Compare FHIFX to Popular High Yield Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$5.83

-0.17%

$27.23 B

5.43%

$0.32

-2.18%

0.23%

$84.16

+0.05%

$25.71 B

5.17%

$4.39

-5.09%

0.49%

$7.49

-0.13%

$24.81 B

5.75%

$0.43

-3.60%

0.60%

$5.32

-0.38%

$19.52 B

6.21%

$0.33

-4.66%

0.80%

$9.70

-0.10%

$16.70 B

6.42%

$0.63

-3.77%

0.72%

FHIFX - Profile

Distributions

  • YTD Total Return -2.1%
  • 3 Yr Annualized Total Return 4.1%
  • 5 Yr Annualized Total Return 5.9%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 4.31%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity® Focused High Income Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Sep 08, 2004
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Weaver

Fund Description

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 securities that have a higher or lower credit quality. The fund potentially invests in non-income producing securities, including defaulted securities and common stocks. It invests in companies in troubled or uncertain financial condition. The fund invests in domestic and foreign issuers.


FHIFX - Performance

Return Ranking - Trailing

Period FHIFX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.1% -52.4% 374.3% 20.64%
1 Yr 2.4% -51.6% 10.0% 35.05%
3 Yr 4.1%* -20.4% 8.3% 13.10%
5 Yr 5.9%* -0.7% 9.5% 29.67%
10 Yr 5.3%* 1.0% 9.4% 57.84%

* Annualized

Return Ranking - Calendar

Period FHIFX Return Category Return Low Category Return High Rank in Category (%)
2019 10.5% -10.3% 226.1% 5.04%
2018 -7.5% -18.4% -0.2% 28.72%
2017 2.6% -9.5% 18.8% 12.48%
2016 6.0% -9.1% 28.6% 77.98%
2015 -6.3% -34.3% 3.5% 16.96%

Total Return Ranking - Trailing

Period FHIFX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.1% -52.4% 374.3% 20.64%
1 Yr 2.4% -51.6% 10.0% 28.59%
3 Yr 4.1%* -20.4% 8.3% 12.37%
5 Yr 5.9%* -1.0% 9.5% 26.37%
10 Yr 5.3%* 1.0% 9.4% 52.34%

* Annualized

Total Return Ranking - Calendar

Period FHIFX Return Category Return Low Category Return High Rank in Category (%)
2019 10.5% -8.1% 23.9% 5.32%
2018 -7.1% -18.4% 1.3% 37.84%
2017 2.6% -8.5% 18.8% 30.45%
2016 6.0% -9.1% 39.0% 82.59%
2015 -6.3% -32.4% 3.5% 29.67%

NAV & Total Return History


FHIFX - Holdings

Concentration Analysis

FHIFX Category Low Category High FHIFX % Rank
Net Assets 461 M 3.48 M 27.2 B 48.63%
Number of Holdings 305 1 2037 53.74%
Net Assets in Top 10 66.5 M -476 M 2.87 B 45.99%
Weighting of Top 10 14.71% 3.0% 100.0% 35.08%

Top 10 Holdings

  1. Fidelity Revere Str Tr 3.89%
  2. Sprint Capital Corporation 6.88% 1.61%
  3. Centene Corporation 5.38% 1.47%
  4. Ally Financial Inc. 5.75% 1.36%
  5. Icahn Enterprises, L.P. / Icahn Enterprises Finance Corporation 5.25% 1.22%
  6. Jbs Usa Lux SA/Jbs Usa Food Company/Jbs Usa Finance Inc 6.5% 1.19%
  7. Centene Corporation 4.25% 1.10%
  8. CSC Holdings, LLC 5.38% 1.10%
  9. CHENIERE ENERGY PARTNERS L P 5.25% 1.09%
  10. Netflix, Inc. 6.38% 1.09%

Asset Allocation

Weighting Return Low Return High FHIFX % Rank
Bonds
95.73% 0.00% 137.50% 37.55%
Cash
3.89% -39.51% 100.00% 39.18%
Convertible Bonds
0.39% 0.00% 19.96% 55.24%
Stocks
0.00% -28.46% 28.23% 73.61%
Preferred Stocks
0.00% 0.00% 6.39% 55.10%
Other
0.00% -2.78% 58.14% 50.34%

Bond Sector Breakdown

Weighting Return Low Return High FHIFX % Rank
Corporate
96.11% 0.00% 100.00% 43.46%
Cash & Equivalents
3.89% 0.00% 100.00% 43.19%
Derivative
0.00% 0.00% 51.02% 34.60%
Securitized
0.00% 0.00% 95.69% 51.63%
Municipal
0.00% 0.00% 16.25% 22.48%
Government
0.00% 0.00% 71.97% 51.77%

Bond Geographic Breakdown

Weighting Return Low Return High FHIFX % Rank
US
81.12% 0.00% 128.94% 48.16%
Non US
14.61% -28.02% 97.08% 40.68%

FHIFX - Expenses

Operational Fees

FHIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.04% 20.17% 70.75%
Management Fee 0.55% 0.00% 1.84% 45.28%
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 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% 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 43.00% 1.00% 349.00% 31.78%

FHIFX - Distributions

Dividend Yield Analysis

FHIFX Category Low Category High FHIFX % Rank
Dividend Yield 0.00% 0.00% 7.18% 33.74%

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 4.31% -0.81% 10.03% 83.10%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FHIFX - Fund Manager Analysis

Managers

Michael Weaver


Start Date

Tenure

Tenure Rank

Jun 29, 2018

2.26

2.3%

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

1.83

1.8%

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. Mr. Karam earned his bachelor of arts degree in economics and bachelor of science degree in electrical engineering from Stanford University. He also earned his master of science degree in electrical engineering from Stanford University and his master of business administration from Harvard Business School.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 36.13 6.43 1.25