Fidelity High Income Fund (SPHIX)

This fund primarily seeks to generate income by investing in debt instruments, preferred shares, and convertible securities, with a notable emphasis on higher-risk, lower-rated debt. The portfolio also has the flexibility to include non-income producing assets, such as common stocks and defaulted securities. A key aspect of its strategy involves allocating capital to companies confronting financial challenges or instability. Its investments encompass both domestic and international issuers.