Fidelity High Income Fund (SPHIX)
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.
Fund Info
| ISIN | US3161464066 |
|---|---|
| CUSIP | 316146406 |
| Issuer | Fidelity |
| Inception Date | Aug 29, 1990 |
| Category | High Yield Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
SPHIX features an expense ratio of 0.70%, falling within the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: SPHIX vs. FAGIX, SPHIX vs. VOO, SPHIX vs. AHITX, SPHIX vs. XLP, SPHIX vs. XLE, SPHIX vs. VQNPX, SPHIX vs. IYW, SPHIX vs. FXAIX, SPHIX vs. SGOV, SPHIX vs. DGRO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity High Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity High Income Fund had a return of 9.73% year-to-date (YTD) and 15.99% in the last 12 months. Over the past 10 years, Fidelity High Income Fund had an annualized return of 4.06%, while the S&P 500 had an annualized return of 11.39%, indicating that Fidelity High Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.73% | 25.45% |
| 1 month | 0.61% | 2.91% |
| 6 months | 6.72% | 14.05% |
| 1 year | 15.99% | 35.64% |
| 5 years (annualized) | 3.06% | 14.13% |
| 10 years (annualized) | 4.06% | 11.39% |
Monthly Returns
The table below presents the monthly returns of SPHIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.98% | 0.58% | 0.78% | -0.33% | 1.29% | 0.26% | 2.43% | 1.02% | 2.24% | -0.27% | 9.73% | ||
| 2023 | 4.09% | -1.46% | 0.72% | 0.27% | -0.58% | 1.81% | 1.41% | -0.37% | -1.48% | -1.21% | 4.40% | 3.09% | 10.96% |
| 2022 | -2.87% | -1.11% | -0.11% | -4.12% | 0.38% | -7.36% | 5.36% | -1.30% | -4.80% | 3.26% | 1.93% | -1.74% | -12.39% |
| 2021 | -0.33% | -0.03% | 0.37% | 1.04% | 0.01% | 1.61% | 0.35% | 0.68% | -0.12% | -0.34% | -1.27% | 2.24% | 4.25% |
| 2020 | -0.46% | -1.61% | -11.51% | 3.96% | 3.96% | 0.16% | 4.29% | 0.73% | -1.05% | 0.00% | 3.46% | 1.56% | 2.46% |
| 2019 | 4.73% | 1.79% | 0.56% | 1.46% | -1.14% | 2.38% | 0.44% | 0.42% | 0.63% | 0.07% | 0.29% | 1.90% | 14.27% |
| 2018 | 1.22% | -1.16% | -0.90% | 1.12% | 0.10% | -0.11% | 1.46% | 0.78% | 0.64% | -1.93% | -1.17% | -2.38% | -2.40% |
| 2017 | 1.48% | 1.64% | 0.10% | 1.09% | 0.99% | -0.38% | 1.32% | -0.02% | 1.07% | 0.53% | -0.15% | 0.62% | 8.60% |
| 2016 | -1.50% | -0.28% | 4.67% | 3.68% | 0.69% | 0.34% | 2.40% | 2.59% | 0.67% | -0.13% | -0.37% | 2.35% | 16.00% |
| 2015 | 0.36% | 2.33% | -0.43% | 1.11% | 0.46% | -1.56% | -0.32% | -1.58% | -3.25% | 2.56% | -2.35% | -2.64% | -5.36% |
| 2014 | 0.46% | 1.81% | 0.13% | 0.21% | 0.86% | 0.72% | -1.45% | 1.63% | -2.22% | 1.55% | -0.54% | -1.50% | 1.57% |
| 2013 | 1.33% | 0.53% | 1.00% | 1.61% | -0.91% | -2.71% | 2.11% | -0.82% | 1.01% | 2.43% | 0.45% | 0.61% | 6.71% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of SPHIX is 92, placing it in the top 8% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity High Income Fund (SPHIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity High Income Fund provided a 5.70% dividend yield over the last twelve months, with an annual payout of $0.45 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.45 | $0.41 | $0.38 | $0.41 | $0.41 | $0.46 | $0.50 | $0.48 | $0.48 | $0.50 | $0.62 | $0.58 |
Dividend yield | 5.70% | 5.43% | 5.17% | 4.74% | 4.71% | 5.11% | 6.00% | 5.40% | 5.45% | 6.26% | 6.97% | 6.16% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity High Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.37 | |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.05 | $0.41 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.38 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.41 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.41 |
| 2019 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.46 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.50 |
| 2017 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.48 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.48 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.50 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.15 | $0.62 |
| 2013 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.11 | $0.58 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity High Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity High Income Fund was 31.35%, occurring on Dec 15, 2008. Recovery took 162 trading sessions.
The current Fidelity High Income Fund drawdown is 0.25%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -31.35% | May 20, 2008 | 145 | Dec 15, 2008 | 162 | Aug 7, 2009 | 307 |
| -26.05% | Dec 14, 1999 | 666 | Aug 13, 2002 | 307 | Oct 31, 2003 | 973 |
| -22.44% | Feb 21, 2020 | 22 | Mar 23, 2020 | 172 | Nov 24, 2020 | 194 |
| -15.77% | Jan 4, 2022 | 188 | Sep 29, 2022 | 406 | May 6, 2024 | 594 |
| -15.09% | Jul 21, 1998 | 63 | Oct 15, 1998 | 85 | Feb 11, 1999 | 148 |
Volatility
Volatility Chart
The current Fidelity High Income Fund volatility is 0.72%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.