About FHIPX
The FA 529 High Income Portfolio - Class P is a fixed-income mutual fund portfolio within the Fidelity Advisor 529 Plan, designed specifically for 529 college savings accounts. Its primary function is to provide high current income through investments in a diversified mix of bonds and debt securities, including high-yield offerings, while aiming to preserve capital relative to equity-focused options. This portfolio serves as one of the individual fund choices in the plan's lineup of over 25 portfolios, categorized under fixed-income alongside options like inflation-protected bonds, limited-term bonds, strategic income, and total bond portfolios. It plays a key role in enabling account owners to customize their 529 strategies, often used to balance more aggressive age-based or growth portfolios with income-oriented stability as beneficiaries near college age. Notable features include tax-deferred earnings growth and federal income tax-free qualified withdrawals for education expenses such as tuition, room and board, and up to $10,000 annually for K-12 tuition. Managed by Fidelity, it supports flexible gifting, including accelerated five-year contributions up to $75,000 per beneficiary, and offers control to the account owner regardless of the beneficiary's age. With a $500,000 lifetime contribution limit per beneficiary across Fidelity Advisor 529 accounts, it contributes to the plan's emphasis on long-term education funding through professional portfolio management and active asset allocation opportunities.
Fund Family Fidelity
Stock Exchange Nasdaq
Ticker Symbol FHIPX
FHIPX had a total return of 1.06% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.03%.
