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Trending ETFs

Fidelity® Convertible Securities Fund

mutual fund
FACVX
Dividend policy
Active
Price as of:
$41.7 -0.48 0%
primary theme
Convertible Bond
FACVX (Mutual Fund)

Fidelity® Convertible Securities Fund

Dividend policy
Active
Price as of:
$41.7 -0.48 0%
primary theme
Convertible Bond
FACVX (Mutual Fund)
Fidelity® Convertible Securities Fund
Dividend policy
Active
Price as of:
$41.7 -0.48 0%
primary theme
Convertible Bond

FACVX - Snapshot

Vitals

  • YTD Return 4.8%
  • 3 Yr Annualized Return 22.8%
  • 5 Yr Annualized Return 17.0%
  • Net Assets $2.21 B
  • Holdings in Top 10 15.9%

52 WEEK LOW AND HIGH

$42.18
$29.39
$44.41

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.93%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 147.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA $500

Fund Classification

  • Primary Theme Convertible Bond
  • Fund Type Open End Mutual Fund
  • Investment Style Convertibles

Compare FACVX to Popular Convertible Bond Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$29.27

-0.91%

$5.10 B

0.98%

$0.29

blocked
blocked
blocked

3.43%

0.83%

$43.99

-1.17%

$2.91 B

0.79%

$0.35

blocked
blocked
blocked

1.90%

0.71%

$30.95

-1.09%

$2.62 B

1.24%

$0.39

blocked
blocked
blocked

3.03%

1.17%

$41.90

-1.13%

$2.21 B

2.69%

$1.14

blocked
blocked
blocked

4.80%

0.63%

$19.31

-1.13%

$1.76 B

0.78%

$0.15

blocked
blocked
blocked

0.99%

0.86%

Compare FACVX to Popular Convertible Bond ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$83.98

-1.11%

$6.59 B

2.25%

$1.91

blocked
blocked
blocked

2.60%

0.40%

$50.61

-1.22%

$281.92 M

0.94%

$0.48

blocked
blocked
blocked

4.76%

0.95%

FACVX - Profile

Distributions

  • YTD Total Return 4.8%
  • 3 Yr Annualized Total Return 20.4%
  • 5 Yr Annualized Total Return 15.6%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 2.11%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Fidelity® Convertible Securities Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Feb 19, 2009
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Adam Kramer

Fund Description

The fund normally invests at least 80% of assets in convertible securities, which are often lower-quality debt securities 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. It invests in other types of securities, including common stocks. The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions to select investments.


FACVX - Performance

Return Ranking - Trailing

Period FACVX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.8% -1.6% 7.7% 8.24%
1 Yr 67.8% 34.8% 86.7% 47.67%
3 Yr 22.8%* 5.7% 25.8% 31.33%
5 Yr 17.0%* 7.9% 22.0% 51.22%
10 Yr 10.2%* 5.7% 12.9% 59.72%

* Annualized

Return Ranking - Calendar

Period FACVX Return Category Return Low Category Return High Rank in Category (%)
2020 28.0% -4.1% 54.0% 61.73%
2019 24.4% 4.5% 24.4% 7.41%
2018 -10.3% -15.4% -2.5% 66.67%
2017 4.7% -7.8% 15.4% 72.37%
2016 1.0% 0.4% 14.2% 90.54%

Total Return Ranking - Trailing

Period FACVX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.8% -1.6% 7.7% 8.24%
1 Yr 58.1% 30.7% 86.7% 65.12%
3 Yr 20.4%* 5.7% 25.8% 44.58%
5 Yr 15.6%* 7.7% 22.0% 64.63%
10 Yr 9.5%* 5.7% 12.9% 69.44%

* Annualized

Total Return Ranking - Calendar

Period FACVX Return Category Return Low Category Return High Rank in Category (%)
2020 28.0% -4.1% 54.0% 61.73%
2019 24.4% 4.5% 24.4% 7.41%
2018 -9.1% -15.4% 4.5% 80.77%
2017 9.3% 1.8% 18.4% 78.95%
2016 5.7% 0.4% 16.5% 63.51%

NAV & Total Return History


FACVX - Holdings

Concentration Analysis

FACVX Category Low Category High FACVX % Rank
Net Assets 2.21 B 15.6 M 6.59 B 26.44%
Number of Holdings 348 42 367 6.90%
Net Assets in Top 10 362 M -17.5 M 1.03 B 44.83%
Weighting of Top 10 15.88% 9.4% 83.2% 82.76%

Top 10 Holdings

  1. Tesla Inc 2% 2.74%
  2. DHT Holdings Inc 2.37%
  3. Euronav NV 2.34%
  4. Euronav NV 2.34%
  5. Euronav NV 2.34%
  6. Euronav NV 2.34%
  7. Euronav NV 2.34%
  8. Euronav NV 2.34%
  9. Euronav NV 2.34%
  10. Euronav NV 2.34%

Asset Allocation

Weighting Return Low Return High FACVX % Rank
Convertible Bonds
71.16% 3.48% 116.38% 85.06%
Stocks
16.16% 0.00% 30.60% 11.49%
Preferred Stocks
9.88% 0.00% 18.99% 41.38%
Cash
1.89% 0.00% 9.92% 67.82%
Bonds
0.90% -27.01% 51.48% 19.54%
Other
0.00% -16.33% 7.56% 56.32%

Stock Sector Breakdown

Weighting Return Low Return High FACVX % Rank
Utilities
27.43% 0.00% 100.00% 84.81%
Energy
17.47% 0.00% 80.75% 7.59%
Technology
17.09% 0.00% 23.82% 29.11%
Communication Services
10.32% 0.00% 15.03% 7.59%
Basic Materials
8.60% 0.00% 16.21% 13.92%
Consumer Cyclical
7.07% 0.00% 100.00% 10.13%
Financial Services
5.73% 0.00% 96.48% 26.58%
Industrials
2.94% 0.00% 61.32% 70.89%
Consumer Defense
2.52% 0.00% 7.14% 8.86%
Healthcare
0.82% 0.00% 29.83% 67.09%
Real Estate
0.00% 0.00% 22.98% 51.90%

Stock Geographic Breakdown

Weighting Return Low Return High FACVX % Rank
US
13.42% 0.00% 30.38% 14.94%
Non US
2.74% 0.00% 2.74% 5.75%

Bond Sector Breakdown

Weighting Return Low Return High FACVX % Rank
Corporate
97.74% 62.83% 100.00% 51.72%
Cash & Equivalents
2.13% 0.00% 9.94% 58.62%
Derivative
0.13% 0.00% 18.05% 6.90%
Securitized
0.00% 0.00% 5.68% 48.28%
Municipal
0.00% 0.00% 0.00% 47.13%
Government
0.00% 0.00% 6.09% 51.72%

Bond Geographic Breakdown

Weighting Return Low Return High FACVX % Rank
Non US
0.51% 0.00% 13.00% 26.44%
US
0.39% -32.04% 48.11% 20.69%

FACVX - Expenses

Operational Fees

FACVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.93% 0.07% 3.98% 63.53%
Management Fee 0.44% 0.20% 1.33% 9.30%
12b-1 Fee 0.25% 0.00% 1.00% 43.40%
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% 12.50%
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 1.00% 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 147.00% 32.46% 242.00% 97.67%

FACVX - Distributions

Dividend Yield Analysis

FACVX Category Low Category High FACVX % Rank
Dividend Yield 0.00% 0.00% 0.79% 54.02%

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 2.11% -14.00% 9.48% 18.82%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FACVX - Fund Manager Analysis

Managers

Adam Kramer


Start Date

Tenure

Tenure Rank

May 31, 2016

4.84

4.8%

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
0.08 35.8 9.78 6.25