Fidelity High Income Fund SPHIX NASDAQ

Fidelity High Income Fund is a fixed-income fund that primarily invests in income-producing debt securities, preferred stocks, and convertible securities, with a strategic focus on lower-quality or high-yield debt instruments. The fund may also allocate to non-income producing securities, including defaulted securities and common stocks, to enhance returns. It targets companies experiencing financial distress or uncertainty, seeking opportunities in undervalued securities across both domestic and international markets. This approach positions the fund for higher yield potential while accepting elevated credit and volatility risks inherent in below-investment-grade investments.