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Fidelity High Income (SPHIX)

9.49 Down 0.01(0.11%) Jul 9

Profile as of Jun 29, 2014Get Profile for:
Fidelity High Income
Fidelity Summer Street Trust82 Devonshire StreetBoston, MA 02109
Map
Phone: 800-544-6666
Fund Overview 
Category:High Yield Bond
Fund Family:Fidelity Investments
Net Assets:6.45B
Year-to-Date Return:4.25%
Yield:5.24%
Morningstar Rating:4 stars
Fund Inception Date:Aug 29, 1990
Morningstar Style Box 
High Yield Bond
[View Category Definition]
View Top High Yield Bond Funds
About the Morningstar Style Box
Management Information 
Fred Hoff
Lead Manager since Jun 1, 2000
Hoff is a portfolio manager with Fidelity Investments. Since joining the firm in 1991, he has also worked as an analyst and assistant portfolio manager.
Investment Information 
Min Initial Investment:2,500
Min Initial Investment, IRA:500
Min Initial Investment, AIP:2,500
Min Subsequent Investment:N/A
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:200
SPHIX can be purchased from 88 brokerages.

Fund Summary 
The investment seeks a high level of income; the fund may also seek capital appreciation. The fund normally invests primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities. It normally invests primarily in securities rated BB by Standard & Poor's (S&P), Ba by Moody's Investors Service (Moody's), comparably rated by at least one nationally recognized credit rating agency, or, if unrated, considered by Fidelity Management & Research Company (FMR) to be of comparable quality.

Fund Operations 
Last Dividend : 0.00
Last Cap Gain (Jun 5, 2014) : 0.00
Annual Holdings Turnover (Jul 7, 2014) : 56.00%
Average for Category:78.50%
Fees & Expenses 
ExpenseSPHIXCategory Avg
Annual Report Expense Ratio (net):0.72%1.09%
Prospectus Net Expense Ratio:0.72%N/A
Prospectus Gross Expense Ratio:0.72%N/A
Max 12b1 Fee:N/AN/A
Max Front End Sales Load:N/A4.20%
Max Deferred Sales Load: N/A2.23%
3 Yr Expense Projection*:230540
5 Yr Expense Projection*:401868
10 Yr Expense Projection*:8941,778
* Per $10,000 invested