Performance
Trailing returns
| 1 day |
| -0.09% | |||
| 1 week |
| -0.01% | |||
| 4 week | +2.36% |
| |||
| 3 month | +4.48% |
| |||
| YTD | +6.46% |
| |||
| 1 year | +16.90% |
| |||
| 3 years* | +12.00% |
| |||
| 5 years* | +10.31% |
| |||
| *annualized | |||||
| Best 3 month return | +26.67% | |
| Worst 3 month return | -31.17% |
Morningstar statistics
Morningstar category: High Yield Bond
| Return | Risk | Rating | |
| 3 years | Average | High |
 
|
| 5 years | Above Average | High |
|
| 10 years | High | High |
|
| Overall | Above Average | High |
|
Morningstar style Learn more
| Large | |||
| Mid | |||
| Small | |||
| Value | Blend | Growth |
Key statistics
| Total assets | 10.17B | |
| Front load | - | |
| Deferred load | - | |
| Expense ratio | 0.77% | |
| Management fee | - | |
| Fund family | Fidelity Investments |
Asset allocation
| Cash | 4.92% | |
| Stocks | 9.16% | |
| Bonds | 84.14% | |
| Preferred | 1.63% | |
| Convertible | 0.15% | |
| Other | 0.00% |
Purchase information
| Initial | $2,500 | |
| Additional | $250 | |
| IRA Initial | $500 | |
| AIP Initial | $2,500 | |
| AIP Additional | $200 |
9.90-0.02(-0.20%)
May 22, 4:00PM EDT
Overall Morningstar RatingTM
Description
The investment seeks to provide a combination of income and capital growth. The fund invests in equity and debt securities, including defaulted securities, with an emphasis on lower-quality debt securities. It invests in companies in troubled or uncertain financial condition. The fund invests in domestic and foreign issuers. It uses fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.
Fund filings (PDF) »
Fund filings (PDF) »
Asset manager:
Mark Notkin (Started: Jul 21, 2003)
Mark Notkin (Started: Jul 21, 2003)
Risk
| 1 year | 3 years | 5 years | 10 years | ||
| Alpha* | 14.67 | 14.22 | 7.68 | 7.33 | |
| Beta* | -0.62 | -0.92 | 0.62 | 0.45 | |
| Mean annual return | 1.05 | 0.78 | 0.94 | 0.88 | |
| R-squared* | 8.60 | 5.61 | 2.04 | 1.92 | |
| Standard deviation | 4.12 | 9.45 | 15.37 | 11.56 | |
| Sharpe ratio | 3.03 | 0.99 | 0.71 | 0.76 | |
| * Against standard index | |||||
Top 10 holdings
| Security | Net Assets | |
| Hca Hldgs 7.75% | 2.23% | |
| Gmac 8% | 1.90% | |
| Engy Future Inter Hldg Co Ll 10% | 1.26% | |
| Txu Energy Term B Ext 10/10/17 | 1.26% | |
| Ally Finl 7.5% | 0.98% | |
| Digicel Grp 144A 8.25% | 0.90% | |
| Icahn Enterprises Lp/Corp 8% | 0.88% | |
| Ally Finl 8% | 0.87% | |
| Engy Future Inter Hldg Co Ll 11% | 0.87% | |
| Digicel Grp 144A 10.5% | 0.85% |