Fidelity Health Savings Fund
FHLSX
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- Fidelity Health Savings Fund (FHLSX) is an open-end mutual fund managed by Fidelity Investments that seeks high total return through a combination of current income and capital appreciation, with a portfolio designed specifically to assist investors saving for future eligible medical expenses through Health Savings Accounts (HSAs). The fund normally invests approximately 50% of assets in Fidelity funds that invest in high-quality, short- to intermediate-term debt securities, such as Fidelity International Bond Index Fund, Fidelity Short-Term Bond Fund, Fidelity Inflation-Protected Bond Index Fund, and Fidelity Cash Central Fund; and 50% in Fidelity funds or ETFs that provide exposure to equity securities, emphasizing health care and related sectors including pharmaceuticals, biotechnology, medical devices, health care services, and providers. Portfolio allocations as of recent data include US bonds (33.81%), non-US stocks (17.74%), US stocks (17.32%), non-US bonds (16.63%), cash (10.16%), and other assets (4.34%), with top holdings representing 44.15% of the portfolio; the fund maintains a net expense ratio of 0.49% and features a blend investment style across large-cap equities and high-quality fixed income with limited interest-rate sensitivity. Launched on March 2, 2020, and domiciled in the United States, FHLSX is part of Fidelity Investments' broader HSA-focused offerings introduced amid record growth in the HSA business, with total net assets of approximately $66.54 million and availability to US investors with no minimum initial investment. The fund is managed by Avishek Hazrachoudhury since inception and co-managed by Hongshu Chen since May 1, 2023, operating within the Global Moderately Conservative Allocation category. Recent developments include portfolio adjustments to align with target exposures, such as reductions in Treasury Inflation-Protected Securities (TIPS), and broader Fidelity HSA enhancements responding to 2025 legislative changes that permanently restore telehealth safe harbors under high-deductible health plans, add direct primary care funding options, and expand HSA access alongside increased dependent care FSA limits. Fidelity Investments, the fund's sponsor, is headquartered in Boston, Massachusetts, and manages FHLSX without noted subsidiaries or parent relationships specific to this vehicle.