SPHIX Performance — Fidelity High Income Fund
Data updated: 2026-09-23
SPHIX returned +2.97% year to date and +7.21% over one year to Jul 2026. Annualised returns are +9.11% over 3 years and +4.12% over 5 years. The fund beat its Short-Term Corporate Bond category average: $100 invested three years ago grew to $130, against $120 for the category, and to $107 over one year, against $104. Volatility over the past three years was 4.57% a year. In the 12 months to Jul 2026 the fund lost a net $18.8M, and assets reached $3.00B.
SPHIX Growth of $100
What $100 invested in Fidelity High Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Corporate Bond category average over the same months.
| Period | SPHIX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $107 | $104 |
| 3 years (Aug 2023 – Jul 2026) | $130 | $120 |
| 5 years (Aug 2021 – Jul 2026) | $122 | $116 |
| Since data start (Aug 2019 – Jul 2026) | $134 | $127 |
SPHIX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.97% |
| 1 year | +7.21% |
| 3 years (annualised) | +9.11% |
| 5 years (annualised) | +4.12% |
SPHIX Annual Returns
Calendar-year total returns of Fidelity High Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +2.97% |
| 2025 | +9.83% |
| 2024 | +9.55% |
| 2023 | +10.95% |
| 2022 | −12.00% |
| 2021 | +4.23% |
| 2020 | +2.46% |
| 2019 (Aug–Dec) | +3.35% |
SPHIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.9% | +0.7% | −1.2% | +2.4% | +0.9% | 0.0% | −0.6% | — | — | — | — | — |
| 2025 | +1.4% | +0.7% | −1.2% | −0.1% | +1.6% | +2.8% | +0.4% | +1.6% | +1.0% | +0.2% | +0.2% | +0.9% |
| 2024 | +0.5% | +0.6% | +1.3% | −0.8% | +1.3% | +0.8% | +1.9% | +1.5% | +1.7% | −0.3% | +1.2% | −0.5% |
| 2023 | +3.6% | −1.5% | +0.7% | +0.7% | −1.0% | +1.8% | +1.4% | −0.4% | −1.0% | −1.7% | +4.4% | +3.6% |
| 2022 | −2.9% | −1.1% | −0.1% | −3.8% | 0.0% | −7.4% | +5.8% | −1.7% | −4.8% | +3.3% | +1.9% | −1.3% |
| 2021 | −0.3% | 0.0% | +0.4% | +1.0% | 0.0% | +1.6% | +0.4% | +0.7% | −0.1% | −0.3% | −1.3% | +2.2% |
| 2020 | −0.5% | −1.6% | −11.5% | +4.0% | +4.0% | +0.2% | +4.3% | +0.7% | −1.1% | 0.0% | +3.5% | +1.6% |
| 2019 | — | — | — | — | — | — | — | +0.4% | +0.6% | +0.1% | +0.3% | +1.9% |
SPHIX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 4.57%
- 3-year Sharpe ratio: 1.01 (vs 4.5% risk-free rate)
- Best month: +4.40% (Nov 2023)
- Worst month: −1.69% (Oct 2023)
SPHIX Fund Flows
Monthly money in and out of Fidelity High Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$18.8M
- 12-month gross sales (incl. reinvestments): $865.0M
- Sales ÷ redemptions: 0.98×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $101.3M | $66.6M | $34.6M |
| Jun 2026 | $76.6M | $87.2M | −$10.6M |
| May 2026 | $67.8M | $54.2M | $13.7M |
| Apr 2026 | $59.2M | $44.0M | $15.3M |
| Mar 2026 | $55.6M | $131.6M | −$76.0M |
| Feb 2026 | $71.7M | $112.1M | −$40.4M |
| Jan 2026 | $86.9M | $55.2M | $31.7M |
| Dec 2025 | $77.3M | $56.7M | $20.5M |
| Nov 2025 | $65.0M | $43.0M | $22.1M |
| Oct 2025 | $72.6M | $101.7M | −$29.1M |
| Sep 2025 | $74.6M | $36.3M | $38.2M |
| Aug 2025 | $56.5M | $95.2M | −$38.8M |
SPHIX Assets Under Management
Net assets of Fidelity High Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $3.00B |
| 2026-04-30 | $3.00B |
| 2026-01-31 | $3.09B |
| 2025-10-31 | $3.02B |
| 2025-07-31 | $3.01B |
| 2025-04-30 | $2.83B |
| 2025-01-31 | $2.74B |
| 2024-10-31 | $2.75B |
| 2024-07-31 | $2.63B |
| 2024-04-30 | $2.63B |
| 2024-01-31 | $2.67B |
| 2023-10-31 | $2.56B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.