The Fidelity SAI High Income fund typically directs its investments towards securities designed to generate income, such as debt instruments, preferred shares, and convertible bonds. A notable emphasis is placed on lower-rated fixed-income assets—those considered below investment grade, commonly known as high-yield debt or "junk bonds." The fund also holds the discretion to acquire securities that do not produce immediate income, including distressed or defaulted bonds and common equities. Its portfolio may include offerings from both U.S. and international entities.
