Fidelity High Income Fund (SPHIX)
| Fund Assets | 3.09B |
| Expense Ratio | 0.88% |
| Min. Investment | $0.00 |
| Turnover | 70.00% |
| Dividend (ttm) | 0.52 |
| Dividend Yield | 6.38% |
| Dividend Growth | 7.66% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 8.16 |
| YTD Return | 1.22% |
| 1-Year Return | 9.95% |
| 5-Year Return | 23.66% |
| 52-Week Low | 7.18 |
| 52-Week High | 8.16 |
| Beta (5Y) | 0.40 |
| Holdings | 853 |
| Inception Date | Aug 29, 1990 |
About SPHIX
Fidelity High Income Fund is a mutual fund that primarily invests in high-yield, non-investment-grade debt securities to generate a high level of current income, with secondary consideration for capital growth. Managed by Fidelity Investments since its inception in 1990, the fund targets lower-quality, income-producing bonds from both domestic and foreign companies facing troubled or uncertain financial conditions, including potential holdings in defaulted securities, bank loans, convertible securities, and limited equity positions. Under lead manager Fred Hoff, it employs fundamental credit analysis to select B-rated debt from companies with strong balance sheets and improving credit profiles, emphasizing risk-adjusted returns across credit cycles while maintaining moderate risk relative to benchmarks like the Bank of America Merrill Lynch U.S. High Yield Master II Constrained Index. The portfolio features approximately 86% in corporate bonds, 8% in bank debt, and 5% cash, with diversification across sectors such as healthcare, banks, food and beverage, and services; domestic issuers dominate at over 78%, supplemented by foreign exposure from Canada, the UK, and Europe. Notable characteristics include a turnover rate of 77%, net assets around $2.6 billion, average credit quality of B, weighted average maturity of about 6 years, effective duration of 3.69 years, and an expense ratio of 0.80%. This fund plays a key role in fixed-income markets by offering investors access to high-yield opportunities suited for those tolerant of volatility in pursuit of elevated income.
Performance
SPHIX had a total return of 9.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 16.46%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0387 | Feb 2, 2026 |
| Dec 31, 2025 | $0.03914 | Jan 2, 2026 |
| Dec 17, 2025 | $0.047 | Dec 18, 2025 |
| Nov 30, 2025 | $0.0391 | Dec 1, 2025 |
| Oct 31, 2025 | $0.04008 | Nov 1, 2025 |
| Sep 30, 2025 | $0.04074 | Oct 1, 2025 |