4 / 5 Stars
4 4 1 5 4
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#23 in High Yield Bond
U.S. News evaluated 174 High Yield Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 7.11 percent over the past year, 7.73 percent over the past three years, 16.64 percent over the past five years, and 8.02 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||2.3%|
|3 Years (Annualized)||7.7%|
|5 Years (Annualized)||16.6%|
|10 Years (Annualized)||8.0%|
The investment seeks a high level of current income; growth of capital may also be considered. 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 non-income producing securities, including defaulted securities and common stocks. The fund invests in companies in troubled or uncertain financial condition. It invests in domestic and foreign issuers. The fund uses fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.
Fees are Above Average compared to funds in the same category.
Fidelity® High Income Fund has an expense ratio of 0.72 percent.
Risk is Average compared to funds in the same category according to Morningstar.