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Trending ETFs

Fidelity Convertible Securities Fund

mutual fund
FTCVX
Payout Change
Pending
Price as of:
$36.72 +0.29 +0.8%
primary theme
Convertible Bond
share class
A (FACVX) C (FCCVX) I (FICVX) Z (FIQVX) M (FTCVX) Other (FCVSX)
FTCVX (Mutual Fund)

Fidelity Convertible Securities Fund

Payout Change
Pending
Price as of:
$36.72 +0.29 +0.8%
primary theme
Convertible Bond
share class
A (FACVX) C (FCCVX) I (FICVX) Z (FIQVX) M (FTCVX) Other (FCVSX)
FTCVX (Mutual Fund)

Fidelity Convertible Securities Fund

Payout Change
Pending
Price as of:
$36.72 +0.29 +0.8%
primary theme
Convertible Bond
share class
A (FACVX) C (FCCVX) I (FICVX) Z (FIQVX) M (FTCVX) Other (FCVSX)

Name

As of 12/24/2024

Price

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

Fidelity Convertible Securities Fund

FTCVX | Fund

$36.72

$1.74 B

1.54%

$0.56

1.26%

Vitals

YTD Return

15.6%

1 yr return

17.9%

3 Yr Avg Return

3.1%

5 Yr Avg Return

11.1%

Net Assets

$1.74 B

Holdings in Top 10

12.5%

52 WEEK LOW AND HIGH

$36.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.26%

SALES FEES

Front Load 3.50%

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 12/24/2024

Price

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

Fidelity Convertible Securities Fund

FTCVX | Fund

$36.72

$1.74 B

1.54%

$0.56

1.26%

FTCVX - Profile

Distributions

  • YTD Total Return 15.6%
  • 3 Yr Annualized Total Return 3.1%
  • 5 Yr Annualized Total Return 11.1%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 0.73%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Fidelity Convertible Securities Fund
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Feb 25, 2009
  • Shares Outstanding
    N/A
  • Share Class
    M
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Adam 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.
Read More

FTCVX - Performance

Return Ranking - Trailing

Period FTCVX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.6% -3.2% 15.7% 14.47%
1 Yr 17.9% -2.6% 16.7% 1.32%
3 Yr 3.1%* -15.5% 5.2% 5.33%
5 Yr 11.1%* -7.6% 11.5% 5.63%
10 Yr 7.2%* -0.9% 10.7% 61.40%

* Annualized

Return Ranking - Calendar

Period FTCVX Return Category Return Low Category Return High Rank in Category (%)
2023 9.0% -7.7% 13.1% 12.99%
2022 -18.4% -37.8% -12.8% 28.95%
2021 -8.8% -18.9% 2.4% 32.89%
2020 28.0% 5.9% 54.0% 62.50%
2019 24.4% 9.9% 24.4% 5.56%

Total Return Ranking - Trailing

Period FTCVX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.6% -3.2% 15.7% 14.47%
1 Yr 17.9% -2.6% 16.7% 1.32%
3 Yr 3.1%* -15.5% 5.2% 5.33%
5 Yr 11.1%* -7.6% 11.5% 5.63%
10 Yr 7.2%* -0.9% 10.7% 61.40%

* Annualized

Total Return Ranking - Calendar

Period FTCVX Return Category Return Low Category Return High Rank in Category (%)
2023 12.4% -7.7% 15.3% 6.49%
2022 -15.8% -37.8% -10.6% 38.16%
2021 9.5% -12.2% 11.3% 17.11%
2020 41.8% 8.7% 64.4% 62.50%
2019 27.8% 12.2% 28.7% 6.94%

NAV & Total Return History

FTCVX - Holdings

Concentration Analysis

FTCVX Category Low Category High FTCVX % Rank
Net Assets 1.74 B 13.4 M 4.3 B 11.69%
Number of Holdings 293 41 381 7.79%
Net Assets in Top 10 219 M 3.92 M 653 M 25.97%
Weighting of Top 10 12.47% 9.5% 46.5% 93.51%

Top 10 Holdings

  1. BANK AMER PC 7.25% PERP PAR=1000 1.88%
  2. PALO ALTO NETWORKS INC CONV 0.375% 06/01/2025 1.40%
  3. DHT HOLDINGS INC 1.32%
  4. WELLS FARGO 7.5% PC PERP A/L PAR=1000 1.30%
  5. UBER TECHNOLOGIES INC CONV 0.875% 12/01/2028 144A 1.18%
  6. PG and E CORP CONV 4.25% 12/01/2027 144A 1.18%
  7. WAYFAIR INC CONV 0.625% 10/01/2025 1.11%
  8. UNITED STATES TREASURY BOND 4.25% 02/15/2054 1.06%
  9. WESTERN DIGITAL CORP CONV 3% 11/15/2028 144A 1.03%
  10. CARNIVAL CORP CONV 5.75% 12/01/2027 1.00%

Asset Allocation

Weighting Return Low Return High FTCVX % Rank
Bonds 		83.56% 0.00% 98.77% 80.52%
Convertible Bonds 		64.89% 37.15% 99.72% 87.01%
Stocks 		8.26% 0.00% 23.09% 14.29%
Preferred Stocks 		7.21% 0.00% 22.50% 72.73%
Cash 		1.47% -78.94% 9.51% 84.42%
Other 		0.00% -17.11% 5.40% 33.77%

Stock Sector Breakdown

Weighting Return Low Return High FTCVX % Rank
Utilities 		29.61% 0.00% 100.00% 82.86%
Energy 		21.94% 0.00% 40.56% 15.71%
Basic Materials 		17.17% 0.00% 24.08% 5.71%
Consumer Cyclical 		10.75% 0.00% 24.79% 5.71%
Industrials 		7.10% 0.00% 23.08% 22.86%
Technology 		5.30% 0.00% 23.73% 22.86%
Communication Services 		5.04% 0.00% 100.00% 8.57%
Consumer Defense 		1.54% 0.00% 25.78% 28.57%
Healthcare 		0.89% 0.00% 20.31% 57.14%
Financial Services 		0.66% 0.00% 20.48% 28.57%
Real Estate 		0.00% 0.00% 27.87% 20.00%

Stock Geographic Breakdown

Weighting Return Low Return High FTCVX % Rank
US 		7.87% 0.00% 22.42% 14.29%
Non US 		0.39% 0.00% 1.55% 6.49%

Bond Sector Breakdown

Weighting Return Low Return High FTCVX % Rank
Corporate 		96.87% 91.11% 100.00% 58.44%
Cash & Equivalents 		1.47% 0.00% 9.51% 67.53%
Derivative 		0.00% -0.03% 0.76% 31.17%
Securitized 		0.00% 0.00% 0.00% 9.09%
Municipal 		0.00% 0.00% 0.00% 9.09%
Government 		0.00% 0.00% 2.94% 20.78%

Bond Geographic Breakdown

Weighting Return Low Return High FTCVX % Rank
US 		83.56% 0.00% 98.77% 76.62%
Non US 		0.00% 0.00% 15.91% 29.87%

FTCVX - Expenses

Operational Fees

FTCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.26% 0.20% 2.87% 38.96%
Management Fee 0.75% 0.20% 1.00% 64.94%
12b-1 Fee 0.50% 0.00% 1.00% 60.87%
Administrative Fee N/A 0.04% 0.15% N/A

Sales Fees

FTCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.50% 2.25% 5.75% 75.00%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FTCVX 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.

FTCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 87.00% 30.00% 154.00% 62.32%

FTCVX - Distributions

Dividend Yield Analysis

FTCVX Category Low Category High FTCVX % Rank
Dividend Yield 1.54% 0.00% 4.30% 14.29%

Dividend Distribution Analysis

FTCVX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Quarterly Quarterly

Net Income Ratio Analysis

FTCVX Category Low Category High FTCVX % Rank
Net Income Ratio 0.73% -3.72% 3.69% 30.26%

Capital Gain Distribution Analysis

FTCVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Semi-Annually Annually

Distributions History

View More +

FTCVX - 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 10.28 7.42

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