The investment seeks a high level of income, and it may also seek capital appreciation. The fund invests primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities. It potentially invests in securities that have a higher or lower credit quality. The fund potentially invests in non-income producing securities, including defaulted securities and common stocks. It invests in companies in troubled or uncertain financial condition. The fund invests in domestic and foreign issuers.
Fund filings (PDF) »
Matthew Conti (Started: Sep 8, 2004)
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Fidelity Investments, 483 Bay Street