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Fidelity® Convertible Securities Fund
mutual fund
FTCVX
Dividend policy
Active
Price as of:
$41.75
-0.48
0%
primary theme
Convertible Bond
FTCVX (Mutual Fund)
Fidelity® Convertible Securities Fund
Dividend policy
Active
Price as of:
$41.75
-0.48
0%
primary theme
Convertible Bond
FTCVX (Mutual Fund)
Fidelity® Convertible Securities Fund
Dividend policy
Active
Price as of:
$41.75
-0.48
0%
primary theme
Convertible Bond
FTCVX - Snapshot
Vitals
- YTD Return 4.8%
- 3 Yr Annualized Return 22.5%
- 5 Yr Annualized Return 16.7%
- Net Assets $2.21 B
- Holdings in Top 10 15.9%
52 WEEK LOW AND HIGH
$42.23
$29.43
$44.46
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.19%
SALES FEES
- Front Load 3.50%
- 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
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%
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%
FTCVX - Profile
Distributions
- YTD Total Return 4.8%
- 3 Yr Annualized Total Return 21.0%
- 5 Yr Annualized Total Return 15.8%
- Capital Gain Distribution Frequency None
- Net Income Ratio 1.84%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFidelity® Convertible Securities Fund
-
Fund Family NameFidelity Investments
-
Inception DateFeb 19, 2009
-
Shares OutstandingN/A
-
Share ClassM
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerAdam 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.
FTCVX - Performance
Return Ranking - Trailing
| Period | FTCVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.8% | -1.6% | 7.7% | 9.41% |
| 1 Yr | 67.4% | 34.8% | 86.7% | 48.84% |
| 3 Yr | 22.5%* | 5.7% | 25.8% | 36.14% |
| 5 Yr | 16.7%* | 7.9% | 22.0% | 56.10% |
| 10 Yr | 9.9%* | 5.7% | 12.9% | 72.22% |
* Annualized
Return Ranking - Calendar
| Period | FTCVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 28.0% | -4.1% | 54.0% | 62.96% |
| 2019 | 24.4% | 4.5% | 24.4% | 4.94% |
| 2018 | -10.2% | -15.4% | -2.5% | 57.69% |
| 2017 | 4.5% | -7.8% | 15.4% | 73.68% |
| 2016 | 1.0% | 0.4% | 14.2% | 91.89% |
Total Return Ranking - Trailing
| Period | FTCVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.8% | -1.6% | 7.7% | 9.41% |
| 1 Yr | 61.5% | 30.7% | 86.7% | 59.30% |
| 3 Yr | 21.0%* | 5.7% | 25.8% | 40.96% |
| 5 Yr | 15.8%* | 7.7% | 22.0% | 62.20% |
| 10 Yr | 9.5%* | 5.7% | 12.9% | 70.83% |
* Annualized
Total Return Ranking - Calendar
| Period | FTCVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 28.0% | -4.1% | 54.0% | 62.96% |
| 2019 | 24.4% | 4.5% | 24.4% | 4.94% |
| 2018 | -9.2% | -15.4% | 4.5% | 82.05% |
| 2017 | 9.0% | 1.8% | 18.4% | 80.26% |
| 2016 | 5.4% | 0.4% | 16.5% | 68.92% |
NAV & Total Return History
FTCVX - Holdings
Concentration Analysis
| FTCVX | Category Low | Category High | FTCVX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.21 B | 15.6 M | 6.59 B | 24.14% |
| Number of Holdings | 348 | 42 | 367 | 4.60% |
| Net Assets in Top 10 | 362 M | -17.5 M | 1.03 B | 42.53% |
| Weighting of Top 10 | 15.88% | 9.4% | 83.2% | 80.46% |
Top 10 Holdings
- Tesla Inc 2% 2.74%
- DHT Holdings Inc 2.37%
- Euronav NV 2.34%
- Euronav NV 2.34%
- Euronav NV 2.34%
- Euronav NV 2.34%
- Euronav NV 2.34%
- Euronav NV 2.34%
- Euronav NV 2.34%
- Euronav NV 2.34%
Asset Allocation
| Weighting | Return Low | Return High | FTCVX % Rank | |
|---|---|---|---|---|
| Convertible Bonds | 71.16% | 3.48% | 116.38% | 82.76% |
| Stocks | 16.16% | 0.00% | 30.60% | 9.20% |
| Preferred Stocks | 9.88% | 0.00% | 18.99% | 39.08% |
| Cash | 1.89% | 0.00% | 9.92% | 65.52% |
| Bonds | 0.90% | -27.01% | 51.48% | 17.24% |
| Other | 0.00% | -16.33% | 7.56% | 54.02% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FTCVX % Rank | |
|---|---|---|---|---|
| Utilities | 27.43% | 0.00% | 100.00% | 82.28% |
| Energy | 17.47% | 0.00% | 80.75% | 5.06% |
| Technology | 17.09% | 0.00% | 23.82% | 26.58% |
| Communication Services | 10.32% | 0.00% | 15.03% | 5.06% |
| Basic Materials | 8.60% | 0.00% | 16.21% | 11.39% |
| Consumer Cyclical | 7.07% | 0.00% | 100.00% | 7.59% |
| Financial Services | 5.73% | 0.00% | 96.48% | 24.05% |
| Industrials | 2.94% | 0.00% | 61.32% | 68.35% |
| Consumer Defense | 2.52% | 0.00% | 7.14% | 6.33% |
| Healthcare | 0.82% | 0.00% | 29.83% | 64.56% |
| Real Estate | 0.00% | 0.00% | 22.98% | 49.37% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FTCVX % Rank | |
|---|---|---|---|---|
| US | 13.42% | 0.00% | 30.38% | 12.64% |
| Non US | 2.74% | 0.00% | 2.74% | 3.45% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FTCVX % Rank | |
|---|---|---|---|---|
| Corporate | 97.74% | 62.83% | 100.00% | 49.43% |
| Cash & Equivalents | 2.13% | 0.00% | 9.94% | 56.32% |
| Derivative | 0.13% | 0.00% | 18.05% | 4.60% |
| Securitized | 0.00% | 0.00% | 5.68% | 45.98% |
| Municipal | 0.00% | 0.00% | 0.00% | 44.83% |
| Government | 0.00% | 0.00% | 6.09% | 49.43% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FTCVX % Rank | |
|---|---|---|---|---|
| Non US | 0.51% | 0.00% | 13.00% | 24.14% |
| US | 0.39% | -32.04% | 48.11% | 18.39% |
FTCVX - Expenses
Operational Fees
| FTCVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.19% | 0.07% | 3.98% | 45.88% |
| Management Fee | 0.44% | 0.20% | 1.33% | 6.98% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 66.04% |
| 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 | 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.
| FTCVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 147.00% | 32.46% | 242.00% | 95.35% |
FTCVX - Distributions
Dividend Yield Analysis
| FTCVX | Category Low | Category High | FTCVX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 0.79% | 51.72% |
Dividend Distribution Analysis
| FTCVX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
| FTCVX | Category Low | Category High | FTCVX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.84% | -14.00% | 9.48% | 24.71% |
Capital Gain Distribution Analysis
| FTCVX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | None | Annually | Semi-Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Apr 08, 2019 | $0.039 |
| Jul 09, 2018 | $0.152 |
| Apr 09, 2018 | $0.135 |
| Oct 09, 2017 | $0.122 |
| Jul 10, 2017 | $0.193 |
| Apr 10, 2017 | $0.159 |
| Oct 10, 2016 | $0.347 |
| Jul 11, 2016 | $0.062 |
| Apr 11, 2016 | $0.137 |
| Oct 05, 2015 | $0.183 |
| Jul 02, 2015 | $0.125 |
| Apr 02, 2015 | $0.051 |
| Oct 06, 2014 | $0.107 |
| Jul 07, 2014 | $0.069 |
| Apr 07, 2014 | $0.087 |
| Dec 16, 2013 | $0.129 |
| Oct 07, 2013 | $0.183 |
| Jul 08, 2013 | $0.149 |
| Apr 08, 2013 | $0.155 |
| Dec 17, 2012 | $0.173 |
| Oct 08, 2012 | $0.150 |
| Jul 09, 2012 | $0.106 |
| Apr 05, 2012 | $0.144 |
| Dec 12, 2011 | $0.202 |
| Oct 10, 2011 | $0.154 |
| Jul 11, 2011 | $0.148 |
| Apr 07, 2011 | $0.144 |
| Dec 13, 2010 | $0.221 |
| Oct 04, 2010 | $0.179 |
| Jul 12, 2010 | $0.136 |
| Apr 12, 2010 | $0.152 |
| Dec 14, 2009 | $0.251 |
| Oct 05, 2009 | $0.144 |
| Jul 13, 2009 | $0.206 |
| Apr 06, 2009 | $0.279 |
FTCVX - 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 |
