BHYIX vs SPHIX

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 expense ratio is 0.56%.

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

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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 expense ratio is 0.69%.

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

Or use Finny's Comparison Tool to create a comparison you'd like to see.
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