Fund code: 255

  • NAV $9.05 $0.00 / 0.02%
    19-Jul-2024
  • Inception 31-Jan-1994
  • Benchmark ICE BofA US High Yield Constrained Index
  • Aggregate assets
    (all series)
    $2.849B
    30-Jun-2024
  • MER 1.54%
    31-Dec-2023
  • Distributions
  • Trailing 12 month yield 4.87%
    28-Jun-2024
  • Duration 3.4 years
    31-May-2024
  • Morningstar category High Yield Fixed Income
  • Also available through Trust US$ and Trust currency neutral
  • Get Fund Facts

End investment

Annualized return

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Start NAV

$10.0000

End NAV

$10.4031
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Calendar returns (%) 30-Jun-2024

YTD 2024 2023 2022 2021 2020 2019 2018 2017
Fund 6.03 8.54 -2.67 6.61 0.26 7.95 4.56 -0.16

Standard period returns (%) 30-Jun-2024

1 mo 3 mo 6 mo 1 yr 3 yr 5 yr 10 yr Inception
Fund 0.94 1.78 6.03 12.69 5.16 4.17 5.89 5.53

Why invest in this fund?

  • Offers the potential for higher yield and capital growth than an investment-grade fixed-income fund.
  • Can enhance diversification in a fixed-income portfolio.
  • Leverages  Fidelity’s global resources and expertise in high-income investing.

Risk measures (%) 30-Jun-2024

Fund
Annualized standard deviation 5.55
Beta 0.87
0.96

Risk classification

  1. Low
  2. Low to medium
  3. Medium
  4. Medium to high
  5. High

This fund has a low to medium volatility rating

Allocation

Asset mix (%)

31-May-2024

Sector mix (%)

31-May-2024
12 months ago Last month Current month
Energy 14.2 13.4 14.0
Media 7.4 7.5 7.8
Basic Industry 7.6 7.5 7.5
Leisure 7.8 7.4 7.4
Financial Services 4.4 6.3 7.1
Health Care 6.5 6.6 6.9
Services 5.6 6.3 6.7
Telecom. 7.4 6.7 6.4
Capital Goods 5.4 5.7 5.8
Technology & Electronics - - 5.2
Retail 5.8 4.6 -

Credit quality (%)

31-May-2024
12 months ago Last month Current month
BBB 7.7 9.3 8.9
BB 34.5 38.5 39.8
B 33.9 31.5 32.2
CCC & Below 12.0 10.2 10.8
Cash & Net Other Assets 5.1 5.4 2.9
Not Rated/Not Available 6.8 5.1 5.4

Top five issuers

  1. TransDigm Group
  2. Pacific Gas and Electric Company
  3. Caesars Entertainment
  4. Community Health Systems
  5. Uber Technologies
Total number of issuers 388
Aggregate of top issuers 8.7%
  1. TransDigm Group
  2. Citigroup
  3. Pacific Gas and Electric Company
  4. Caesars Entertainment
  5. CCO Holdings Capital Corp.
Total number of issuers 377
Aggregate of top issuers 9.4%
  1. TransDigm Group
  2. Dish Network
  3. Pacific Gas and Electric Company
  4. Citigroup
  5. Caesars Entertainment
Total number of issuers 372
Aggregate of top issuers 9.4%
  1. Dish Network
  2. TransDigm Group
  3. Citigroup
  4. Uber Technologies
  5. Pacific Gas and Electric Company
Total number of issuers 384
Aggregate of top issuers 9.3%
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