Fidelity Focused High Income Fund
FHIFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Sep 9, 2004
- CIK
- 0000225322
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Focused High Income Fund (FHIFX) is an open-end mutual fund managed by Fidelity Investments that seeks a high level of current income by investing primarily in income-producing debt securities, preferred stocks, and convertible securities, with a focus on lower-quality, non-investment grade debt securities such as high yield bonds and bank loans; it normally invests at least 80% of assets in such securities, including floating-rate loans, corporate bonds, and opportunistic holdings like asset-backed securities. The fund maintains a diversified portfolio across sectors including corporate bonds (approximately 91%), bank loans (4.5%), and preferred stocks (1.9%), with top holdings featuring issuers like Vistra Operations, Albertsons, TransDigm, and Iron Mountain; it allocates predominantly to US bonds (85%) supplemented by non-US bonds (11%) and cash equivalents. Available to investors in the United States through platforms like Fidelity, it features a gross expense ratio of 0.75%, no front-end load, and targets individual and institutional investors seeking high yield exposure. Launched on September 8, 2004, and headquartered at Fidelity Investments' facilities in Boston, Massachusetts, the fund operates within the high yield bond Morningstar category and manages approximately $190 million in assets under management. Portfolio management includes Benjamin Harrison since January 2022 and Jared Beckerman since January 2024, with recent adjustments such as the departure of co-manager Alexandre Karam in April 2025. In the past 1-2 years, the fund has experienced active portfolio positioning amid market volatility, including emphasis on issuers like Charter Communications in dated securities; it delivered a 0.81% return in Q1 2025, slightly trailing the ICE BofA US High Yield Constrained Index benchmark at 0.94%, while maintaining credit quality diversification with a focus on fundamental improvements and reduced near-term maturity walls.