About FHIFX
Fidelity Focused High Income Fund is an open-end mutual fund managed by Fidelity Investments, specializing in high-yield bonds. It primarily invests in income-producing debt securities, preferred stocks, and convertible securities, with a strong emphasis on lower-quality, high-yield debt often rated BB or below by major agencies. The fund targets a high level of current income and may also pursue capital appreciation by allocating across domestic and foreign issuers, including those in troubled financial conditions, non-income producing securities, defaulted bonds, and even common stocks. Key portfolio features include approximately 90.83% in corporate bonds, 4.47% in bank loans, 1.89% in preferred stocks, and smaller holdings in cash equivalents, asset-backed securities, convertibles, and government securities, providing diversification within the high-yield bond category. Launched in 2004 with total assets around $189.7 million and a net expense ratio of 0.75%, it holds 454 securities and features a 30-day SEC yield around 5.98%, appealing to income-oriented investors seeking higher returns amid elevated credit risks typical of the high-yield sector. In the financial markets, it plays a vital role in fixed-income strategies, offering exposure to speculative-grade bonds that can enhance portfolio yields but carry greater vulnerability to economic downturns and default risks.
Fund Family Fidelity
Category High Yield Bond
Performance Rating Below Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol FHIFX
Index ICE BofA US HY BB-B Constrained TR
FHIFX had a total return of 2.11% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.75%.
