SPHIX - Fidelity High Income

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Fidelity High Income

Fidelity Summer Street Trust82 Devonshire StreetBoston, MA 02109
800-544-8544
Management Information
Fred Hoff,Lead Manager since May 31, 2000
Frederick Hoff is a portfolio manager at FMR Co. In this role, Mr. Hoff manages multiple High Income Fidelity Funds, in addition to high-yield sleeves of multiple Fidelity Funds and institutional portfolios. Previously, Mr. Hoff managed the high-yield portions of the Fidelity Asset Manager funds and several international high-yield portfolios. Mr. Hoff joined Fidelity in 1991, and has been in the investments industry since 1986. Mr. Hoff earned his BA degree in economics from Lafayette College and his MBA degree in finance and international business from Columbia University.
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryHigh Yield Bond
Fund FamilyFidelity Investments
Net Assets4.44B
YTD Return8.07%
Yield5.12%
Morningstar Rating★★★★
Inception DateAug 28, 1990

Fund Operations

Last Dividend0.04
Last Cap Gain0.00
Holdings Turnover52.00%
Average for CategoryN/A

Fees & Expenses

ExpenseSPHIXCategory Average
Annual Report Expense Ratio (net)0.72%1.03%
Prospectus Net Expense Ratio0.72%N/A
Prospectus Gross Expense Ratio0.72%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A3.95%
Max Deferred Sales LoadN/A1.61%
3 Yr Expense Projection230N/A
5 Yr Expense Projection401N/A
10 Yr Expense Projection894N/A