Fidelity Short Duration High Income Fund (FSAHX)
Fidelity Short Duration 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 $8.97, up 0.11% on the session, giving a market capitalisation of $348.3M. On trailing twelve-month figures it carries a trailing P/E of 9.06, a net margin of 93.6%. Its beta of 0.38 implies it has historically moved less than the broad market.
This fund primarily allocates its assets to income-generating fixed-income instruments, preferred shares, and convertible securities, with a particular focus on higher-yielding, below investment-grade debt. The portfolio typically targets securities rated BB or B by Standard & Poor's (S&P) or Ba or B by Moody's Investors Service (Moody's), or those with comparable ratings from other recognized credit agencies. For unrated holdings, Fidelity Management & Research Company (FMR) assesses them to be of equivalent credit quality. To manage interest rate risk, the fund maintains a relatively short duration, generally three years or less.
Fidelity Short Duration High Income Fund is most often compared with the following Financial Services names: