Fidelity High Income Fund (SPHIX) in Focus
Fidelity High Income (SPHIX) a Zacks Rank #2 (Buy) seek a high current income. SPHIX normally invests primarily in income-producing debt securities, preferred stocks and convertible securities, with an emphasis on lower quality debt securities.
The Fidelity High Income fund, managed by Fidelity, carries an expense ratio of 0.72%. Moreover, SPHIX requires a minimal initial investment of $2,500.
SPHIX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 2.02% and 5 year 4.42%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
SPHIX’s performance, as of the last filing, when compared to funds in its category was in the top 57% in 1 year, top 39% over the past 3 years, and in the 29% over the past 5 years.
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