Fidelity Focused High Income Fund (FHIFX)
Fidelity Focused 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 $8.24, up 0.12% on the session, giving a market capitalisation of $193.4M. On trailing twelve-month figures it carries a trailing P/E of 24.24, a net margin of 77.4%. Its beta of 0.64 implies it has historically moved less than the broad market.
This investment vehicle primarily allocates its capital to fixed-income instruments, preferred shares, and convertible bonds that generate income, with a notable emphasis on lower-quality debt. Its portfolio may encompass securities across the full spectrum of creditworthiness. Furthermore, the fund has the flexibility to acquire non-income-producing assets, including common stocks and even defaulted bonds. It strategically invests in companies experiencing financial distress or uncertainty, drawing from both domestic and international issuers.
Fidelity Focused High Income Fund is most often compared with the following Financial Services names: