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FAGIX Fidelity® Capital & Income

  • Fund
  • FAGIX
  • Price as of: Dec 02, 2016
  • $9.58
  • + $0.01
  • + 0.10%
  • Category
  • High Yield Bonds

FAGIX - Profile

Vitals

  • YTD Return 4.7%
  • 3 Yr Annualized Return 5.3%
  • 5 Yr Annualized Return 7.6%
  • Net Assets $10.4 B
  • Holdings in Top 10 10.4%

52 WEEK LOW AND HIGH

$9.58
$8.41
$9.72

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.75%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 35.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

High Yield Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Distributions

  • YTD Total Return 4.7%
  • 3 Yr Annualized Total Return 5.3%
  • 5 Yr Annualized Total Return 7.6%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 4.30%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Fidelity® Capital & Income Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Nov 01, 1977
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Mark Notkin

Fund Description

The Fidelity Capital & Income Fund (FAGIX) seeks to provide a combination of income and capital growth by investing in high yield bonds of companies rated below investment grade, as well as stocks of companies in troubled or uncertain financial conditions. The fund’s manager, Mark Notkin, seeks companies with strong balance sheets, improving company/industry fundamentals and a strong management team.

The resulting portfolio offers exposure to a wide variety of equity sectors, including telecommunications, energy, banks, financials, technology, utilities, and healthcare. FAGIX’s fixed income component primarily consists of below investment grade corporate debt, as well as small allocations to bank debt.

FAGIX - Performance

Return Ranking - Trailing

Period FAGIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.7% -30.0% 28.3% 48.05% 4
1 Yr 5.4% -30.5% 20.2% 74.23% 4
3 Yr 5.3% * -12.4% 7.2% 3.84% 1
5 Yr 7.6% * -12.6% 9.3% 6.94% 1
10 Yr 7.7% * -12.0% 12.4% 3.60% 1

* Annualized


Return Ranking - Calendar

Period FAGIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.5% -34.3% 1.0% 9.41% 1
2014 -1.8% -21.7% 10.4% 9.53% 1
2013 3.8% -16.9% 31.6% 2.66% 1
2012 9.6% -18.5% 17.6% 7.79% 1
2011 -8.1% -18.8% 6.8% 62.23% 5

Total Return Ranking - Trailing

Period FAGIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.7% -30.0% 36.7% 56.88% 4
1 Yr 5.4% -30.5% 20.2% 54.01% 3
3 Yr 5.3% * -12.4% 7.2% 3.17% 1
5 Yr 7.6% * -12.6% 9.3% 5.59% 1
10 Yr 7.7% * -12.0% 12.4% 3.15% 1

* Annualized


Total Return Ranking - Calendar

Period FAGIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -4.9% -30.4% 4.6% 25.12% 2
2014 1.9% -18.4% 10.4% 17.85% 1
2013 4.7% -16.9% 55.9% 32.51% 2
2012 10.8% -18.5% 33.1% 32.03% 2
2011 -8.1% -18.8% 11.9% 69.83% 5

NAV & Total Return History

FAGIX - Holdings

Filings data as of: Jul 31, 2016

Concentration Analysis

FAGIX Category Low Category High FAGIX % Rank Quintile
Net Assets 10.4 B 2.52 M 20.6 B 1.07% 1
Number of Holdings 595 1 1424 3.53% 1
Net Assets in Top 10 1.07 B -32.2 M 3.63 B 1.07% 1
Weighting of Top 10 10.4% 0.0% 100.0% 18.87% 3

Top 10 Holdings

  1. Numericable Grp Sa 144A 6% 1.16%
  2. Gmac 8% 2.13%
  3. Red Rock Resort Inc(180d Lock) 1.11%
  4. Engy Future Inter Hldg Co Ll 144A 11.75% 0.98%
  5. Skyworks Solutions Inc 0.82%
  6. Engy Future Inter Hldg Co Ll 11% 0.86%
  7. Ally Finl 5.125% 0.88%
  8. HCA Holdings Inc 0.82%
  9. Alphabet Inc A 0.83%
  10. Qorvo Inc 0.83%

Asset Allocation

Weighting Category Low Category High FAGIX % Rank Quintile
Bonds
75.66% -9.44% 107.80% 27.61% 5
Stocks
19.96% 0.00% 99.11% 0.77% 1
Cash
3.09% -11.47% 109.44% 19.94% 4
Preferred Stocks
1.16% 0.00% 18.78% 5.98% 1
Convertible Bonds
0.12% 0.00% 18.92% 12.27% 3
Other
0.00% -11.89% 38.60% 19.63% 5

Stock Sector Breakdown

Weighting Category Low Category High FAGIX % Rank Quintile
Technology
5.99% 0.00% 25.59% 0.61% 1
Consumer Cyclical
4.53% 0.00% 16.04% 0.61% 1
Healthcare
3.39% 0.00% 21.24% 0.61% 1
Industrials
2.02% 0.00% 15.79% 1.22% 1
Financial Services
1.25% 0.00% 16.12% 1.83% 1
Communication Services
0.46% -0.06% 9.11% 1.43% 1
Consumer Defense
0.38% -0.12% 5.43% 2.04% 1
Basic Materials
0.36% 0.00% 1.80% 2.24% 1
Real Estate
0.06% 0.00% 8.20% 4.07% 1
Energy
0.05% 0.00% 12.30% 8.35% 2
Utilities
0.01% -0.07% 6.44% 5.09% 1

Stock Geographic Breakdown

Weighting Category Low Category High FAGIX % Rank Quintile
US
17.93% 0.00% 83.03% 0.77% 1
Non US
2.03% -0.01% 52.07% 0.61% 1

Bond Sector Breakdown

Weighting Category Low Category High FAGIX % Rank Quintile
Corporate
76.34% 0.00% 101.98% 25.46% 5
Cash & Equivalents
3.09% -7.60% 100.00% 19.48% 3
Government
0.31% -9.04% 51.73% 17.02% 4
Securitized
0.29% 0.00% 68.94% 13.19% 3
Municipal
0.00% 0.00% 100.00% 3.83% 5
Derivative
0.00% -19.62% 9.44% 3.83% 5

Bond Geographic Breakdown

Weighting Category Low Category High FAGIX % Rank Quintile
US
59.94% -9.44% 100.00% 25.00% 5
Non US
15.72% 0.00% 46.20% 16.26% 3

FAGIX - Expenses

Operational Fees

FAGIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.75% 0.00% 3.69% 23.66% 1
Management Fee 0.56% 0.12% 1.00% 3.99% 3
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.45% N/A N/A

Sales Fees

FAGIX Fees (% of AUM) Category Low Category High FAGIX Rank Quintile
Front Load N/A 2.00% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

FAGIX Fees (% of AUM) Category Low Category High FAGIX Rank Quintile
Max Redemption Fee 1.00% 1.00% 2.00% 1.23% 2

Turnover 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.

FAGIX Fees (% of AUM) Category Low Category High FAGIX Rank Quintile
Turnover 35.00% 7.20% 2247.00% 14.13% 2

FAGIX - Distributions

Dividend Yield Analysis

FAGIX Category Low Category High FAGIX % Rank Quintile
Dividend Yield 0.4% 0.00% 6.16% 33.49% 3

Dividend Distribution Analysis

FAGIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FAGIX Category Low Category High FAGIX % Rank Quintile
Net Income Ratio 4.30% -2.75% 9.92% 35.18% 5

Capital Gain Distribution Analysis

FAGIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Quarterly Annually

FAGIX - Managers

Mark Notkin

Manager

Start Date

Jul 21, 2003

Tenure

13.29

Tenure Rank

2.5%

Mr. Notkin is a vice president and co-manager of Fidelity Investments. Since joining Fidelity in 1994, he has worked as a research analyst and portfolio manager.


Tenure Analysis

Category Low

0.0

Category High

56.5

Category Average

6.41

Category Mode

4.8