SPHIX: Fidelity Advisor® High Income Fund - MutualFunds.com
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Fidelity® High Income

SPHIX - Snapshot

Vitals

  • YTD Return -0.2%
  • 3 Yr Annualized Return 4.8%
  • 5 Yr Annualized Return 6.4%
  • Net Assets $8.59 B
  • Holdings in Top 10 12.1%

52 WEEK LOW AND HIGH

$8.71
$7.92
$8.74

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.69%

SALES FEES

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

BROKERAGE FEES

  • Turnover 44.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

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

Compare SPHIX to Popular High Yield Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard High Yield Corporate Fund

Fund

$5.96

0.00%

$28.44 B

4.43%

$0.26

-0.33%

0.23%

BlackRock High Yield Bond Portfolio

Fund

$7.84

+0.13%

$25.45 B

4.51%

$0.35

0.64%

0.59%

PGIM High Yield Fund

Fund

$5.56

0.00%

$23.02 B

5.46%

$0.30

0.91%

0.79%

iShares iBoxx $ High Yield Corporate Bond ETF

HYG | ETF

$87.30

+0.20%

$21.58 B

4.99%

$4.34

-0.03%

0.49%

American Funds American High-Income Trust®

Fund

$10.41

+0.19%

$18.87 B

5.32%

$0.55

2.66%

0.73%

SPHIX - Profile

Distributions

  • YTD Total Return -0.2%
  • 3 Yr Annualized Total Return 4.8%
  • 5 Yr Annualized Total Return 6.4%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 5.33%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity Advisor® High Income Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Aug 29, 1990
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Weaver

Fund Description

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. The fund invests in companies in troubled or uncertain financial condition. It invests in domestic and foreign issuers.

SPHIX - Performance

Return Ranking - Trailing

Period SPHIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -20.1% 11.5% 85.85%
1 Yr 14.9% 0.0% 54.9% 84.90%
3 Yr 4.8%* -12.0% 10.5% 80.86%
5 Yr 6.4%* -5.5% 11.2% 51.73%
10 Yr 5.3%* 1.3% 9.5% 54.78%

* Annualized

Return Ranking - Calendar

Period SPHIX Return Category Return Low Category Return High Rank in Category (%)
2020 -2.5% -46.8% 399.1% 84.41%
2019 8.5% -10.3% 226.1% 36.96%
2018 -7.8% -18.4% -0.4% 37.52%
2017 2.9% -9.5% 18.8% 8.54%
2016 9.6% -9.1% 28.6% 12.37%

Total Return Ranking - Trailing

Period SPHIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -20.0% 11.5% 86.12%
1 Yr 14.9% 0.0% 54.9% 76.81%
3 Yr 4.8%* -12.0% 10.5% 72.64%
5 Yr 6.4%* -5.5% 11.2% 45.70%
10 Yr 5.3%* 1.3% 9.5% 51.20%

* Annualized

Total Return Ranking - Calendar

Period SPHIX Return Category Return Low Category Return High Rank in Category (%)
2020 -2.5% -46.8% 399.1% 84.41%
2019 8.5% -3.8% 23.9% 40.43%
2018 -7.8% -18.4% 1.3% 50.08%
2017 2.9% -8.5% 18.8% 26.30%
2016 9.6% -9.1% 39.0% 28.32%

NAV & Total Return History

SPHIX - Holdings

Concentration Analysis

SPHIX Category Low Category High SPHIX % Rank
Net Assets 8.59 B 3.64 M 28.4 B 8.12%
Number of Holdings 502 3 2297 31.22%
Net Assets in Top 10 1 B -564 M 3.93 B 6.46%
Weighting of Top 10 12.07% 2.6% 100.0% 48.02%

Top 10 Holdings

  1. Fidelity Revere Str Tr 3.31%
  2. iShares iBoxx $ High Yield Corp Bd ETF 1.68%
  3. C&W Senior Financing Designated Activity Company 6.88% 1.31%
  4. Tenet Healthcare Corporation 8.12% 1.26%
  5. Frontier Communications Corporation 8% 1.14%
  6. Intelsat Jackson Holdings, Ltd. 8% 1.12%
  7. Community Health Systems Incorporated 8% 1.05%
  8. Ally Financial Inc. 5.75% 1.00%
  9. Aramark Services, Inc. 5% 0.96%
  10. TransDigm, Inc. 5.5% 0.93%

Asset Allocation

Weighting Return Low Return High SPHIX % Rank
Bonds 		94.22% 3.38% 146.82% 44.55%
Cash 		3.33% -40.59% 61.87% 43.88%
Convertible Bonds 		1.83% 0.00% 21.16% 48.18%
Stocks 		0.62% -10.91% 32.07% 42.13%
Preferred Stocks 		0.00% 0.00% 22.05% 86.27%
Other 		0.00% -49.68% 30.15% 81.56%

Stock Sector Breakdown

Weighting Return Low Return High SPHIX % Rank
Consumer Defense 		73.12% 0.00% 100.00% 4.96%
Energy 		26.87% 0.00% 100.00% 52.98%
Communication Services 		0.01% 0.00% 100.00% 43.85%
Utilities 		0.00% 0.00% 100.00% 80.16%
Technology 		0.00% 0.00% 49.46% 81.15%
Real Estate 		0.00% 0.00% 100.00% 80.36%
Industrials 		0.00% 0.00% 100.00% 85.71%
Healthcare 		0.00% 0.00% 69.02% 81.35%
Financial Services 		0.00% 0.00% 100.00% 83.93%
Consumer Cyclical 		0.00% 0.00% 100.00% 81.75%
Basic Materials 		0.00% 0.00% 100.00% 85.52%

Stock Geographic Breakdown

Weighting Return Low Return High SPHIX % Rank
US 		0.62% -13.16% 27.67% 40.38%
Non US 		0.00% 0.00% 15.55% 84.25%

Bond Sector Breakdown

Weighting Return Low Return High SPHIX % Rank
Corporate 		96.65% 0.00% 100.00% 32.08%
Cash & Equivalents 		3.35% 0.00% 87.53% 53.23%
Derivative 		0.00% 0.00% 42.49% 80.86%
Securitized 		0.00% 0.00% 91.68% 86.52%
Municipal 		0.00% 0.00% 14.61% 76.95%
Government 		0.00% 0.00% 42.65% 85.18%

Bond Geographic Breakdown

Weighting Return Low Return High SPHIX % Rank
US 		75.60% 0.15% 121.45% 72.14%
Non US 		18.62% -25.76% 97.17% 16.69%

SPHIX - Expenses

Operational Fees

SPHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.03% 20.43% 79.06%
Management Fee 0.55% 0.00% 1.84% 52.17%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

SPHIX 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

SPHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 73.44%

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.

SPHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 44.00% 0.00% 349.00% 23.04%

SPHIX - Distributions

Dividend Yield Analysis

SPHIX Category Low Category High SPHIX % Rank
Dividend Yield 0.00% 0.00% 3.07% 76.34%

Dividend Distribution Analysis

SPHIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

SPHIX Category Low Category High SPHIX % Rank
Net Income Ratio 5.33% -2.17% 10.53% 35.12%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

SPHIX - Fund Manager Analysis

Managers

Michael Weaver

Start Date

Tenure

Tenure Rank

Oct 01, 2018

2.58

2.6%

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

2.41

2.4%

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
0.08 36.71 6.67 1.83

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