Fidelity Summer Street Trust - Fidelity Global High Income Fund (FGHNX)
Fidelity Summer Street Trust - Fidelity Global High Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $8.81, up 0.11% on the session, giving a market capitalisation of $70.8M. Its beta of 0.86 implies it has historically moved less than the broad market.
The Fidelity Global High Income Fund primarily seeks to generate returns by investing in a diverse array of income-generating instruments, including various debt securities, preferred shares, and convertible bonds. A significant portion of its portfolio is dedicated to lower-rated, higher-yielding debt issued by entities in both the United States and international markets, encompassing developing nations. Beyond these core holdings, the fund also maintains the flexibility to opportunistically invest in non-income producing assets, such as defaulted securities or ordinary common stocks. The portfolio's underlying strategy is guided by a target allocation, typically aiming for roughly 60% in U.S. high-yield investments, 20% in emerging markets debt, 15% in European high-yield, and 5% in Asian high-yield investments.
Fidelity Summer Street Trust - Fidelity Global High Income Fund is most often compared with the following Financial Services names: