Fund code: 655

  • NAV
    $8.49 -$0.04 / -0.45%
    21-Sep-2023
  • Inception 10-Oct-2000
  • Benchmark ICE BofA US High Yield Constrained Index
  • Aggregate assets
    (all series)
    $2.901B
    31-Aug-2023
  • MER 0.96%
    31-Dec-2022
  • Distributions
  • Trailing 12 month yield 5.61%
    31-Aug-2023
  • Duration 3.5 years
    31-Jul-2023
  • Morningstar category High Yield Fixed Income
  • Also available through Trust US$ 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 (%) 31-Aug-2023

YTD 2023 2022 2021 2020 2019 2018 2017 2016
Fund 6.16 -2.10 7.24 0.84 8.58 5.16 0.68 9.47

Standard period returns (%) 31-Aug-2023

1 mo 3 mo 6 mo 1 yr 3 yr 5 yr 10 yr Inception
Fund 2.61 2.91 2.85 9.82 4.43 3.88 6.77 5.57

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 (%) 31-Aug-2023

Fund
Annualized standard deviation 6.10
Beta 0.89
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-Jul-2023

Sector mix (%)

31-Jul-2023
12 months ago Last month Current month
Energy - 14.3 13.8
Media - 8.0 8.3
Leisure - 8.0 7.8
Basic Industry - 7.5 7.4
Telecom. - 7.4 6.8
Health Care - 6.5 6.5
Retail - 5.9 5.8
Capital Goods - 5.6 5.4
Services - 5.3 4.8
Financial Services - - 4.2
Technology & Electronics - 4.2 -

Credit quality (%)

31-Jul-2023
12 months ago Last month Current month
BBB 7.2 7.7 7.2
BB 34.5 34.5 33.6
B 31.3 34.1 34.1
CCC & Below 11.8 12.2 11.5
Cash & Net Other Assets 8.9 4.6 6.9
Not Rated/Not Available 6.3 6.9 6.8

Top five issuers

  1. Dish Network
  2. TransDigm Group
  3. Citigroup
  4. Uber Technologies
  5. Pacific Gas and Electric Company
Total number of issuers 386
Aggregate of top issuers 8.7%
  1. Occidental Petroleum
  2. TransDigm Group
  3. CCO Holdings Capital Corp.
  4. Citigroup
  5. Sprint Capital
Total number of issuers 413
Aggregate of top issuers 9.8%
  1. Occidental Petroleum
  2. CCO Holdings Capital Corp.
  3. Citigroup
  4. Dish Network
  5. Sprint Capital
Total number of issuers 416
Aggregate of top issuers 9.5%
  1. Occidental Petroleum
  2. CCO Holdings Capital Corp.
  3. Dish Network
  4. Citigroup
  5. Sprint Capital
Total number of issuers 426
Aggregate of top issuers 9.9%
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