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Fidelity Convertible Securities Fund
FACVX (Mutual Fund)
Fidelity Convertible Securities Fund
Name
As of 11/21/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
17.2%
1 yr return
23.7%
3 Yr Avg Return
2.8%
5 Yr Avg Return
12.3%
Net Assets
$1.74 B
Holdings in Top 10
12.5%
52 WEEK LOW AND HIGH
$37.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.01%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 87.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/21/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FACVX - Profile
Distributions
- YTD Total Return 17.2%
- 3 Yr Annualized Total Return 2.8%
- 5 Yr Annualized Total Return 12.3%
- Capital Gain Distribution Frequency None
- Net Income Ratio 0.98%
- Dividend Yield 1.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFidelity Convertible Securities Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateFeb 25, 2009
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAdam Kramer
Fund Description
Normally investing at least 80% of assets in convertible securities, which are often lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) and perform more like a stock when the underlying share price is high and more like a bond when the underlying share price is low.Potentially investing in other types of securities, including common stocks.Investing in domestic and foreign issuers.Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.
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FACVX - Performance
Return Ranking - Trailing
| Period | FACVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.2% | -2.6% | 17.3% | 5.19% |
| 1 Yr | 23.7% | 7.0% | 25.3% | 35.06% |
| 3 Yr | 2.8%* | -15.8% | 3.0% | 11.84% |
| 5 Yr | 12.3%* | -6.2% | 12.7% | 6.94% |
| 10 Yr | 7.5%* | -0.8% | 11.0% | 62.07% |
* Annualized
Return Ranking - Calendar
| Period | FACVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.0% | -7.7% | 13.1% | 25.64% |
| 2022 | -18.4% | -37.8% | -12.8% | 29.87% |
| 2021 | -8.9% | -18.9% | 2.4% | 33.77% |
| 2020 | 28.0% | 5.9% | 54.0% | 61.64% |
| 2019 | 24.4% | 9.9% | 24.4% | 8.22% |
Total Return Ranking - Trailing
| Period | FACVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.2% | -2.6% | 17.3% | 5.19% |
| 1 Yr | 23.7% | 7.0% | 25.3% | 35.06% |
| 3 Yr | 2.8%* | -15.8% | 3.0% | 11.84% |
| 5 Yr | 12.3%* | -6.2% | 12.7% | 6.94% |
| 10 Yr | 7.5%* | -0.8% | 11.0% | 62.07% |
* Annualized
Total Return Ranking - Calendar
| Period | FACVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.1% | -7.7% | 15.3% | 20.51% |
| 2022 | -15.6% | -37.8% | -10.6% | 32.47% |
| 2021 | 9.7% | -12.2% | 11.3% | 11.69% |
| 2020 | 42.2% | 8.7% | 64.4% | 61.64% |
| 2019 | 28.2% | 12.2% | 28.7% | 5.48% |
NAV & Total Return History
FACVX - Holdings
Concentration Analysis
| FACVX | Category Low | Category High | FACVX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.74 B | 13.4 M | 3.69 B | 10.26% |
| Number of Holdings | 293 | 42 | 381 | 6.41% |
| Net Assets in Top 10 | 219 M | 3.92 M | 584 M | 20.51% |
| Weighting of Top 10 | 12.47% | 9.5% | 49.4% | 92.31% |
Top 10 Holdings
- BANK AMER PC 7.25% PERP PAR=1000 1.88%
- PALO ALTO NETWORKS INC CONV 0.375% 06/01/2025 1.40%
- DHT HOLDINGS INC 1.32%
- WELLS FARGO 7.5% PC PERP A/L PAR=1000 1.30%
- UBER TECHNOLOGIES INC CONV 0.875% 12/01/2028 144A 1.18%
- PG and E CORP CONV 4.25% 12/01/2027 144A 1.18%
- WAYFAIR INC CONV 0.625% 10/01/2025 1.11%
- UNITED STATES TREASURY BOND 4.25% 02/15/2054 1.06%
- WESTERN DIGITAL CORP CONV 3% 11/15/2028 144A 1.03%
- CARNIVAL CORP CONV 5.75% 12/01/2027 1.00%
Asset Allocation
| Weighting | Return Low | Return High | FACVX % Rank | |
|---|---|---|---|---|
| Bonds | 83.56% | 0.00% | 98.77% | 79.49% |
| Convertible Bonds | 64.89% | 37.15% | 99.72% | 85.90% |
| Stocks | 8.26% | 0.00% | 23.09% | 12.82% |
| Preferred Stocks | 7.21% | 0.00% | 22.50% | 55.13% |
| Cash | 1.47% | -78.94% | 7.59% | 83.33% |
| Other | 0.00% | -17.11% | 5.40% | 46.15% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FACVX % Rank | |
|---|---|---|---|---|
| Utilities | 29.61% | 0.00% | 100.00% | 81.69% |
| Energy | 21.94% | 0.00% | 40.56% | 14.08% |
| Basic Materials | 17.17% | 0.00% | 24.08% | 4.23% |
| Consumer Cyclical | 10.75% | 0.00% | 24.79% | 4.23% |
| Industrials | 7.10% | 0.00% | 23.08% | 21.13% |
| Technology | 5.30% | 0.00% | 23.73% | 22.54% |
| Communication Services | 5.04% | 0.00% | 100.00% | 7.04% |
| Consumer Defense | 1.54% | 0.00% | 25.78% | 26.76% |
| Healthcare | 0.89% | 0.00% | 20.31% | 56.34% |
| Financial Services | 0.66% | 0.00% | 20.48% | 26.76% |
| Real Estate | 0.00% | 0.00% | 27.87% | 35.21% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FACVX % Rank | |
|---|---|---|---|---|
| US | 7.87% | 0.00% | 22.42% | 12.82% |
| Non US | 0.39% | 0.00% | 1.55% | 10.26% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FACVX % Rank | |
|---|---|---|---|---|
| Corporate | 96.87% | 91.11% | 100.00% | 57.69% |
| Cash & Equivalents | 1.47% | 0.00% | 7.86% | 66.67% |
| Derivative | 0.00% | 0.00% | 0.49% | 43.59% |
| Securitized | 0.00% | 0.00% | 0.00% | 24.36% |
| Municipal | 0.00% | 0.00% | 0.00% | 24.36% |
| Government | 0.00% | 0.00% | 2.94% | 33.33% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FACVX % Rank | |
|---|---|---|---|---|
| US | 83.56% | 0.00% | 98.77% | 75.64% |
| Non US | 0.00% | 0.00% | 17.05% | 35.90% |
FACVX - Expenses
Operational Fees
| FACVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.01% | 0.20% | 2.87% | 53.85% |
| Management Fee | 0.75% | 0.20% | 1.00% | 66.67% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 31.91% |
| Administrative Fee | N/A | 0.04% | 0.15% | N/A |
Sales Fees
| FACVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.75% | 2.25% | 5.75% | 6.25% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| FACVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FACVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 87.00% | 30.00% | 154.00% | 60.00% |
FACVX - Distributions
Dividend Yield Analysis
| FACVX | Category Low | Category High | FACVX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.73% | 0.00% | 4.30% | 48.72% |
Dividend Distribution Analysis
| FACVX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
| FACVX | Category Low | Category High | FACVX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.98% | -3.72% | 3.69% | 18.18% |
Capital Gain Distribution Analysis
| FACVX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | None | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 04, 2024 | $0.160 | OrdinaryDividend |
| Apr 05, 2024 | $0.159 | OrdinaryDividend |
| Dec 26, 2023 | $0.288 | OrdinaryDividend |
| Oct 06, 2023 | $0.138 | OrdinaryDividend |
| Jul 07, 2023 | $0.077 | OrdinaryDividend |
| Apr 05, 2023 | $0.098 | OrdinaryDividend |
| Dec 27, 2022 | $0.796 | OrdinaryDividend |
| Oct 07, 2022 | $0.097 | OrdinaryDividend |
| Jul 01, 2022 | $0.079 | OrdinaryDividend |
| Apr 01, 2022 | $0.057 | OrdinaryDividend |
| Dec 28, 2021 | $7.171 | OrdinaryDividend |
| Oct 01, 2021 | $0.084 | OrdinaryDividend |
| Jul 02, 2021 | $0.083 | OrdinaryDividend |
| Apr 05, 2021 | $0.068 | OrdinaryDividend |
| Dec 29, 2020 | $3.715 | OrdinaryDividend |
| Oct 02, 2020 | $0.215 | OrdinaryDividend |
| Jul 10, 2020 | $0.178 | OrdinaryDividend |
| Apr 03, 2020 | $0.094 | OrdinaryDividend |
| Dec 27, 2019 | $0.146 | OrdinaryDividend |
| Dec 27, 2019 | $0.086 | CapitalGainShortTerm |
| Dec 27, 2019 | $0.484 | CapitalGainLongTerm |
| Oct 04, 2019 | $0.071 | OrdinaryDividend |
| Jul 05, 2019 | $0.096 | OrdinaryDividend |
| Apr 05, 2019 | $0.061 | OrdinaryDividend |
| Dec 26, 2018 | $0.171 | OrdinaryDividend |
| Dec 26, 2018 | $0.350 | CapitalGainShortTerm |
| Dec 26, 2018 | $1.159 | CapitalGainLongTerm |
| Jul 06, 2018 | $0.180 | OrdinaryDividend |
| Apr 06, 2018 | $0.187 | OrdinaryDividend |
| Dec 26, 2017 | $0.137 | OrdinaryDividend |
| Dec 26, 2017 | $0.580 | CapitalGainShortTerm |
| Oct 06, 2017 | $0.149 | OrdinaryDividend |
| Jul 07, 2017 | $0.181 | OrdinaryDividend |
| Apr 07, 2017 | $0.173 | OrdinaryDividend |
| Dec 27, 2016 | $0.209 | OrdinaryDividend |
| Dec 27, 2016 | $0.415 | CapitalGainShortTerm |
| Oct 07, 2016 | $0.369 | OrdinaryDividend |
| Jul 08, 2016 | $0.081 | OrdinaryDividend |
| Apr 08, 2016 | $0.156 | OrdinaryDividend |
| Oct 05, 2015 | $0.208 | OrdinaryDividend |
| Jul 02, 2015 | $0.146 | OrdinaryDividend |
| Apr 02, 2015 | $0.055 | OrdinaryDividend |
| Jan 20, 2015 | $0.006 | CapitalGainShortTerm |
| Jan 20, 2015 | $0.003 | CapitalGainLongTerm |
| Dec 15, 2014 | $0.203 | OrdinaryDividend |
| Dec 15, 2014 | $0.393 | CapitalGainShortTerm |
| Dec 15, 2014 | $0.700 | CapitalGainLongTerm |
| Oct 06, 2014 | $0.132 | OrdinaryDividend |
| Jul 07, 2014 | $0.091 | OrdinaryDividend |
| Apr 07, 2014 | $0.108 | OrdinaryDividend |
| Jan 13, 2014 | $0.005 | CapitalGainShortTerm |
| Dec 31, 2013 | $0.205 | CapitalGainShortTerm |
| Dec 16, 2013 | $0.150 | OrdinaryDividend |
| Oct 07, 2013 | $0.198 | OrdinaryDividend |
| Jul 08, 2013 | $0.166 | OrdinaryDividend |
| Apr 08, 2013 | $0.183 | OrdinaryDividend |
| Dec 17, 2012 | $0.196 | OrdinaryDividend |
| Oct 08, 2012 | $0.171 | OrdinaryDividend |
| Jul 09, 2012 | $0.120 | OrdinaryDividend |
| Apr 05, 2012 | $0.164 | OrdinaryDividend |
| Dec 12, 2011 | $0.219 | OrdinaryDividend |
| Oct 10, 2011 | $0.182 | OrdinaryDividend |
| Jul 11, 2011 | $0.169 | OrdinaryDividend |
| Apr 07, 2011 | $0.159 | OrdinaryDividend |
| Dec 13, 2010 | $0.239 | OrdinaryDividend |
| Oct 04, 2010 | $0.190 | OrdinaryDividend |
| Jul 12, 2010 | $0.162 | OrdinaryDividend |
| Apr 12, 2010 | $0.171 | OrdinaryDividend |
| Dec 14, 2009 | $0.262 | OrdinaryDividend |
| Oct 05, 2009 | $0.155 | OrdinaryDividend |
| Jul 13, 2009 | $0.221 | OrdinaryDividend |
| Apr 06, 2009 | $0.278 | OrdinaryDividend |
FACVX - Fund Manager Analysis
Managers
Adam Kramer
Start Date
Tenure
Tenure Rank
May 31, 2016
6.0
6.0%
Adam Kramer is a portfolio manager in the Fixed Income division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing,and other financial products and services to institutions, financial intermediaries, and individuals. In this role, he manages several multi-asset income funds, opportunistic high-yield bond strategies for institutional investors as well as a high income fund available exclusively to Canadian investors.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.25 | 36.97 | 10.27 | 7.42 |
