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Fidelity American High Yield Currency Neutral Fund

Fund code: 1255

  • NAV
    $7.71 $0.05 / 0.59%
    24-Jun-2022
  • Inception 06-Nov-2006
  • Benchmark ICE BofA US High Yield Constrained Hedged to CAD Index
  • Aggregate assets
    (all series)
    $359.0M
    31-May-2022
  • MER 1.57%
    31-Dec-2021
  • Distributions
  • Seven-day yield 4.73%
    31-May-2022
  • Trailing 12 month yield 3.68%
    31-May-2022
  • Duration 4.1 years
    30-Apr-2022
  • Morningstar category High Yield Fixed Income
  • Also available through: Trust US$ and Trust CDN$
  • 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-May-2022

YTD 2022 2021 2020 2019 2018 2017 2016 2015
Fund -6.63 7.10 0.57 12.40 -4.54 5.88 11.05 -3.52

Standard period returns†† (%) 31-May-2022

1 mo 3 mo 6 mo 1 yr 3 yr 5 yr 10 yr Inception
Fund 0.24 -3.62 -5.21 -3.42 1.90 1.94 3.69 4.44

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-May-2022

Fund
Annualized standard deviation 9.78
Beta 1.00
0.98

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 (%)

30-Apr-2022

Sector mix (%)

30-Apr-2022
12 months ago Last month Current month
Energy 16.2 16.2 15.5
Telecom. 9.7 9.1 8.9
Health Care 8.7 7.9 7.7
Electric Utilities 5.6 5.3 5.3
Banks & Thrifts 4.7 4.6 4.5
Services 5.0 4.7 4.4
Cable TV 5.6 4.4 4.3
Gaming 4.1 3.3 3.5
Diversified Financial Services - 3.2 3.2
Technology 3.3 3.2 3.2
Chemicals 3.0 - -

Credit quality (%)

30-Apr-2022
12 months ago Last month Current month
BBB 9.2 7.8 7.8
BB 36.7 34.8 34.2
B 32.0 32.5 32.1
CCC & Below 13.4 13.4 13.2
Cash & Net Other Assets 2.2 4.0 6.1
Not Rated/Not Available 6.5 7.5 6.7

Top five issuers

  1. Occidental Petroleum
  2. Sprint Capital
  3. CCO Holdings Capital Corp.
  4. Community Health Systems
  5. Citigroup
Total number of issuers 410
Aggregate of top issuers 9.0%
  1. Occidental Petroleum
  2. Sprint Capital
  3. CCO Holdings Capital Corp.
  4. Pacific Gas and Electric Company
  5. Ally Financial
Total number of issuers 396
Aggregate of top issuers 9.7%
  1. Occidental Petroleum
  2. Sprint Capital
  3. CCO Holdings Capital Corp.
  4. Ally Financial
  5. Pacific Gas and Electric Company
Total number of issuers 396
Aggregate of top issuers 9.4%
  1. Occidental Petroleum
  2. Sprint Capital
  3. Ally Financial
  4. CCO Holdings Capital Corp.
  5. Pacific Gas and Electric Company
Total number of issuers 387
Aggregate of top issuers 9.1%
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