Fidelity Focused High Income (FHIFX - Free Report) a Zacks Rank #4 (Sell) was incepted in December 2004. FHIFX seeks high income and growth of capital. FHIFX invests in debt securities, preferred stocks, and convertible securities, with a primary focus on acquiring below investment grade securities. FHIFX may also invest in defaulted securities and common stocks. FHIFX invest in securities throughout the globe.
Fidelity Focused High Income, managed by Fidelity, carries an expense ratio of 0.85%. Moreover, FHIFX requires a minimal initial investment of $2,500.
FHIFX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 6.12%, 3 year 3.67% and 5 year 5.35%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
FHIFX’s performance, as of the last filing, when compared to funds in its category was in the top 59% in 1 year, top 23% over the past 3 years, and in the 53% over the past 5 years.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Pick the best mutual funds with the Zacks Rank.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>