Both BHYIX and SPHIX are mutual funds. BHYIX has a higher 5-year return than SPHIX (3.04% vs 1.85%). BHYIX has a lower expense ratio than SPHIX (0.56% vs 0.69%). Below is the comparison between BHYIX and SPHIX.
| BHYIX | SPHIX | |
|---|---|---|
| Security Type | Mutual fund | Mutual fund |
| Segment | Taxable Fixed Income: High Yield Bond | Taxable Fixed Income: High Yield Bond |
| Family | BlackRock | Fidelity Investments |
| Net Assets | $11.69B | $3.18B |
| Expense Ratio | 0.56% | 0.69% |
| Management Style | active | active |
| Dividend Yield | 5.13% | 5.18% |
| Minimum Investment | $2,000,000.00 | $2,500.00 |
| YTD Return | -10.67% | -10.80% |
| 1-Year Return | -6.74% | -6.48% |
| 3-Year Return | 2.15% | 0.19% |
| 5-Year Return | 3.04% | 1.85% |
| 10-Year Return | 5.20% | 4.10% |
BHYIX
BHYIX description
The Fund seeks to maximize total return, consistent with income generation and prudent investment management. The High Yield Fund invests primarily in non-investment grade bonds with maturities of ten years or less. The High Yield Fund normally invests at least 80% of its assets in high yield bonds.
BHYIX performance & returns
| YTD Return | -10.67% |
| 1-Month Return | -5.32% |
| 3-Month Return | -6.74% |
| 1-Year Return | -6.74% |
| 3-Year Return | 2.15% |
| 5-Year Return | 3.04% |
| 10-Year Return | 5.20% |
BHYIX holdings
Top 10 Holdings (9.91% of Total Assets)
| Name | Symbol | % Assets |
|---|---|---|
| BlackRock Liquidity T-Fund Instl | TSTXX | 2.43% |
| TransDigm, Inc. 6.25% | N/A | 1.35% |
| iShares Preferred&Income Securities ETF | PFF | 1.26% |
| SPDR® Blmbg Barclays High Yield Bd ETF | JNK | 1.13% |
| iShares iBoxx $ High Yield Corp Bd ETF | HYG | 0.91% |
| iShares Broad USD High Yield Corp Bd ETF | USHY | 0.65% |
| Allied Universal Holdco LLC / Allied Universal Finance Corporation 6.62% | N/A | 0.59% |
| Verscend Escrow Corp 9.75% | N/A | 0.53% |
| Connect Finco SARL/Connect US Finco LLC 6.75% | N/A | 0.53% |
| Altice France Holdings S A 10.5% | N/A | 0.53% |
BHYIX pros
The following are BHYIX strengths from our perspective:
- BHYIX 3-year return is 2.15%, which is higher than the 3-year return of the benchmark index (Bloomberg US High Yield 2% Issuer Cap TR USD), 1.93%.
- BHYIX 5-year return is 3.04%, which is higher than the 5-year return of the benchmark index (Bloomberg US High Yield 2% Issuer Cap TR USD), 2.95%.
- BHYIX 10-year return is 5.2%, which is higher than the 10-year return of the benchmark index (Bloomberg US High Yield 2% Issuer Cap TR USD), 5.05%.
- BHYIX 15-year return is 5.73%, which is in line with the 15-year return of the benchmark index (Bloomberg US High Yield 2% Issuer Cap TR USD), 5.97%.
- Good news: this fund does not have 12b1, front-end or back-end sales fees.
BHYIX cons
The following are BHYIX weaknesses from our perspective:
- BHYIX expense ratio is 0.56%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
Other relevant BHYIX comparisons
You may also want to check out the following BHYIX comparisons that investors often look for on Finny
- BHYIX vs VWEAX
- BHYIX vs FAGIX
- BHYIX vs AHITX
- BHYIX vs PHIYX
- BHYIX vs FIHBX
- BHYIX vs OSTIX
- BHYIX vs NHFIX
- BHYIX vs MHYIX
- BHYIX vs MHCAX
- BHYIX vs VWEHX
SPHIX
SPHIX description
The Fund seeks high current income and may consider growth of capital. The Fund invests at least 65% in income-producing debt securities, preferred stocks and convertible securities, with a focus on lower quality debt securities.
SPHIX performance & returns
| YTD Return | -10.80% |
| 1-Month Return | -5.19% |
| 3-Month Return | -6.48% |
| 1-Year Return | -6.48% |
| 3-Year Return | 0.19% |
| 5-Year Return | 1.85% |
| 10-Year Return | 4.10% |
SPHIX holdings
Top 10 Holdings (14.41% of Total Assets)
| Name | Symbol | % Assets |
|---|---|---|
| Fidelity Revere Str Tr | N/A | 4.89% |
| C&W Senior Financing Designated Activity Company 6.88% | N/A | 1.42% |
| Intelsat Jackson Holdings, Ltd. 8% | N/A | 1.28% |
| Frontier Communications Corporation 8% | N/A | 1.14% |
| CHENIERE ENERGY PARTNERS L P 5.25% | N/A | 1.01% |
| Aramark Services, Inc. 6.38% | N/A | 1.00% |
| ALTICE FRANCE S.A 8.12% | N/A | 0.96% |
| T-Mobile US, Inc. 7.88% | N/A | 0.94% |
| Jbs Usa Lux SA/Jbs Usa Food Company/Jbs Usa Finance Inc 6.5% | N/A | 0.92% |
| Rackspace Hosting, Inc. 8.62% | N/A | 0.85% |
SPHIX pros
The following are SPHIX strengths from our perspective:
- Good news: this fund does not have 12b1, front-end or back-end sales fees.
SPHIX cons
The following are SPHIX weaknesses from our perspective:
- SPHIX 3-year return is 0.19%, which is lower than the 3-year return of the benchmark index (ICE BofA US High Yield Constrained TR USD), 1.77%.
- SPHIX 5-year return is 1.85%, which is lower than the 5-year return of the benchmark index (ICE BofA US High Yield Constrained TR USD), 2.81%.
- SPHIX 10-year return is 4.1%, which is lower than the 10-year return of the benchmark index (ICE BofA US High Yield Constrained TR USD), 4.98%.
- SPHIX 15-year return is 5.07%, which is lower than the 15-year return of the benchmark index (ICE BofA US High Yield Constrained TR USD), 5.85%.
- SPHIX expense ratio is 0.69%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
Other relevant SPHIX comparisons
You may also want to check out the following SPHIX comparisons that investors often look for on Finny
- SPHIX vs VWEAX
- SPHIX vs FAGIX
- SPHIX vs BHYIX
- SPHIX vs AHITX
- SPHIX vs PHIYX
- SPHIX vs FIHBX
- SPHIX vs OSTIX
- SPHIX vs NHFIX
- SPHIX vs MHYIX
- SPHIX vs MHCAX