Fidelity SAI High Income Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
0.8%
1 yr return
7.9%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$1.66 B
Holdings in Top 10
9.4%
52 WEEK LOW AND HIGH
$8.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.69%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FSHGX - Profile
Distributions
- YTD Total Return 0.8%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFidelity SAI High Income Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateMay 21, 2021
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Weaver
Fund Description
Normally investing primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds).Potentially investing in non-income producing securities, including defaulted securities and common stocks.Investing in companies in troubled or uncertain financial condition.Using the credit quality distribution of an index representing the overall high yield bond market, currently the ICE® BofA® US High Yield Constrained Index, as a guide in structuring the fund's credit quality composition.Investing in domestic and foreign issuers.Using fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.
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FSHGX - Performance
Return Ranking - Trailing
| Period | FSHGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.8% | -39.9% | 6.2% | 97.82% |
| 1 Yr | 7.9% | -22.1% | 21.3% | 14.40% |
| 3 Yr | N/A* | -14.2% | 66.8% | N/A |
| 5 Yr | N/A* | -13.6% | 37.2% | N/A |
| 10 Yr | N/A* | -9.3% | 16.2% | N/A |
* Annualized
Return Ranking - Calendar
| Period | FSHGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.7% | -44.3% | 3.7% | N/A |
| 2022 | -15.3% | -56.9% | 9.2% | N/A |
| 2021 | N/A | -53.7% | 70.9% | N/A |
| 2020 | N/A | -33.7% | 5.1% | N/A |
| 2019 | N/A | -9.4% | 12.0% | N/A |
Total Return Ranking - Trailing
| Period | FSHGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.8% | -39.9% | 6.2% | 96.33% |
| 1 Yr | 7.9% | -22.1% | 22.2% | 15.01% |
| 3 Yr | N/A* | -14.2% | 66.8% | N/A |
| 5 Yr | N/A* | -13.6% | 37.2% | N/A |
| 10 Yr | N/A* | -9.3% | 16.2% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | FSHGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.7% | -44.3% | 3.7% | N/A |
| 2022 | -11.1% | -56.9% | 9.2% | N/A |
| 2021 | N/A | -53.7% | 70.9% | N/A |
| 2020 | N/A | -33.7% | 5.1% | N/A |
| 2019 | N/A | -9.4% | 12.0% | N/A |
NAV & Total Return History
FSHGX - Holdings
Concentration Analysis
| FSHGX | Category Low | Category High | FSHGX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.66 B | 1.47 M | 26.2 B | 19.08% |
| Number of Holdings | 729 | 2 | 2736 | 32.50% |
| Net Assets in Top 10 | 149 M | -492 M | 2.55 B | 14.61% |
| Weighting of Top 10 | 9.44% | 3.0% | 100.0% | 26.16% |
Top 10 Holdings
- SOUTHEASTERN GROCERS INC 2.01%
- Fidelity Private Credit Central Fund LLC 1.25%
- MESQUITE ENERGY INC 1.04%
- NEW FORTRESS ENERGY INC 6.5% 09/30/2026 144A 0.85%
- Fidelity Cash Central Fund 0.84%
- PG and E CORP 5.25% 07/01/2030 0.74%
- ICAHN ENTERPRISES LP/FIN CORP 5.25% 05/15/2027 0.71%
- ENERGY TRANSFER LP 5.625% 05/01/2027 144A 0.70%
- CHS/CMNTY HEALTH SYSTEMS INC 5.25% 05/15/2030 144A 0.70%
- DISH NETWORK CORP CONV 2.375% 03/15/2024 0.60%
Asset Allocation
| Weighting | Return Low | Return High | FSHGX % Rank | |
|---|---|---|---|---|
| Bonds | 90.75% | 0.00% | 154.38% | 79.69% |
| Stocks | 5.35% | -0.60% | 52.82% | 18.09% |
| Preferred Stocks | 2.42% | 0.00% | 14.10% | 21.05% |
| Cash | 1.48% | -52.00% | 100.00% | 22.76% |
| Other | 0.00% | -63.70% | 32.06% | 33.55% |
| Convertible Bonds | 0.00% | 0.00% | 17.89% | 21.32% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FSHGX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 100.00% | 12.62% |
| Technology | 0.00% | 0.00% | 34.19% | 28.71% |
| Real Estate | 0.00% | 0.00% | 86.71% | 18.56% |
| Industrials | 0.00% | 0.00% | 100.00% | 34.65% |
| Healthcare | 0.00% | 0.00% | 30.07% | 17.82% |
| Financial Services | 0.00% | 0.00% | 100.00% | 26.49% |
| Energy | 0.00% | 0.00% | 100.00% | 50.99% |
| Communication Services | 0.00% | 0.00% | 99.99% | 42.33% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 5.45% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 23.51% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 29.21% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FSHGX % Rank | |
|---|---|---|---|---|
| US | 5.23% | -0.60% | 47.59% | 17.37% |
| Non US | 0.12% | -0.01% | 5.26% | 34.61% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FSHGX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 1.00% | 0.00% | 99.98% | 22.66% |
| Derivative | 0.00% | 0.00% | 45.95% | 25.82% |
| Securitized | 0.00% | 0.00% | 97.24% | 43.61% |
| Corporate | 0.00% | 0.00% | 100.00% | 52.57% |
| Municipal | 0.00% | 0.00% | 1.17% | 8.04% |
| Government | 0.00% | 0.00% | 99.07% | 33.99% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FSHGX % Rank | |
|---|---|---|---|---|
| US | 90.75% | 0.00% | 150.64% | 80.92% |
| Non US | 0.00% | 0.00% | 96.17% | 28.16% |
FSHGX - Expenses
Operational Fees
| FSHGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.69% | 0.02% | 3.87% | 79.17% |
| Management Fee | 0.53% | 0.00% | 1.84% | 47.43% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| FSHGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| FSHGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FSHGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 1.00% | 327.00% | N/A |
FSHGX - Distributions
Dividend Yield Analysis
| FSHGX | Category Low | Category High | FSHGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 39.36% | 34.95% |
Dividend Distribution Analysis
| FSHGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| FSHGX | Category Low | Category High | FSHGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -2.39% | 14.30% | N/A |
Capital Gain Distribution Analysis
| FSHGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Apr 01, 2024 | $0.044 | OrdinaryDividend |
| Mar 01, 2024 | $0.040 | OrdinaryDividend |
| Feb 01, 2024 | $0.044 | OrdinaryDividend |
| Jan 01, 2024 | $0.044 | OrdinaryDividend |
| Dec 22, 2023 | $0.010 | OrdinaryDividend |
| Dec 01, 2023 | $0.041 | OrdinaryDividend |
| Nov 01, 2023 | $0.043 | OrdinaryDividend |
| Oct 01, 2023 | $0.042 | OrdinaryDividend |
| Sep 01, 2023 | $0.037 | OrdinaryDividend |
| Aug 01, 2023 | $0.040 | OrdinaryDividend |
| Jul 01, 2023 | $0.038 | OrdinaryDividend |
| Jun 01, 2023 | $0.040 | OrdinaryDividend |
| May 01, 2023 | $0.037 | OrdinaryDividend |
| Apr 01, 2023 | $0.039 | OrdinaryDividend |
| Mar 01, 2023 | $0.035 | OrdinaryDividend |
| Feb 01, 2023 | $0.039 | OrdinaryDividend |
| Jan 01, 2023 | $0.039 | OrdinaryDividend |
| Dec 23, 2022 | $0.022 | OrdinaryDividend |
| Dec 01, 2022 | $0.037 | OrdinaryDividend |
| Nov 01, 2022 | $0.038 | OrdinaryDividend |
| Oct 03, 2022 | $0.034 | OrdinaryDividend |
| Sep 01, 2022 | $0.035 | OrdinaryDividend |
| Aug 01, 2022 | $0.036 | OrdinaryDividend |
| Jul 01, 2022 | $0.034 | OrdinaryDividend |
| Jun 01, 2022 | $0.035 | OrdinaryDividend |
| May 02, 2022 | $0.032 | OrdinaryDividend |
| Apr 01, 2022 | $0.035 | OrdinaryDividend |
| Mar 01, 2022 | $0.031 | OrdinaryDividend |
| Feb 01, 2022 | $0.034 | OrdinaryDividend |
| Jan 01, 2022 | $0.033 | OrdinaryDividend |
| Dec 23, 2021 | $0.009 | OrdinaryDividend |
| Dec 01, 2021 | $0.032 | OrdinaryDividend |
| Nov 01, 2021 | $0.032 | OrdinaryDividend |
| Oct 01, 2021 | $0.029 | OrdinaryDividend |
| Sep 01, 2021 | $0.030 | OrdinaryDividend |
| Aug 01, 2021 | $0.032 | OrdinaryDividend |
| Jul 01, 2021 | $0.011 | OrdinaryDividend |
| Jun 01, 2021 | $0.006 | OrdinaryDividend |
FSHGX - Fund Manager Analysis
Managers
Michael Weaver
Start Date
Tenure
Tenure Rank
May 13, 2021
1.05
1.1%
Michael Weaver is a portfolio manager at FMR Co. In this role, Mr. Weaver is responsible for co-managing Fidelity Total Bond ETF, multiple institutional high yield portfolios, and co-manages all of Fidelity’s collateralized loan obligation strategies. Previously, Mr. Weaver held various positions in the High Income Group, including portfolio manager covering Select Automotive from 2009 to 2013. Mr. Weaver joined Fidelity in 2005, and has been in the investments industry since 1998. Mr. Weaver earned his BS degree in economics from the Wharton School at the University of Pennsylvania.
Alexandre Karam
Start Date
Tenure
Tenure Rank
May 13, 2021
1.05
1.1%
Alexandre Karam is a portfolio manager in the High Income division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to more than 26 million individuals, institutions, and financial intermediaries.
Benjamin Harrison
Start Date
Tenure
Tenure Rank
Jan 03, 2022
0.41
0.4%
Since joining Fidelity Investments in 2009, Mr. Harrison has worked as a managing director of research and business development and portfolio manager.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.13 | 37.79 | 7.07 | 2.92 |