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FLVCX Fidelity® Leveraged Company Stock

  • Fund
  • FLVCX
  • Price as of: Aug 08, 2016
  • $40.62
  • + $0.09
  • + 0.22%
  • Category
  • Mid Cap Value Equities

FLVCX - Profile

Vitals

  • YTD Return 2.0%
  • 3 Yr Annualized Return 3.8%
  • 5 Yr Annualized Return 9.2%
  • Net Assets $3.44 B
  • Holdings in Top 10 38.7%

52 WEEK LOW AND HIGH

$40.62
$32.80
$43.52

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.79%

SALES FEES

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

BROKERAGE FEES

  • Turnover 4.00%

TRADING FEES

  • Max Redemption Fee 1.50%

Min Investment

STANDARD (TAXABLE)

$10,000

IRA

$2,500

Investment Themes

CATEGORY

Mid Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Mid-Cap Value

Distributions

  • YTD Total Return 2.0%
  • 3 Yr Annualized Total Return 3.8%
  • 5 Yr Annualized Total Return 9.2%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.87%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name Fidelity® Leveraged Company Stock Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Dec 19, 2000
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Thomas T. Soviero

Fund Description

The Fidelity Leveraged Company Stock Fund (FLVCX) is a low-cost, actively managed fund that seeks to aggressively grow investor capital. The fund invests in mid- and large-cap domestic and foreign stocks that are highly leveraged. This means they either have a significant amount of debt outstanding or the debt they carry is non-investment grade (or a combination of the two). The fund uses fundamental analysis to select those companies whose debt has caused them to be undervalued.

With its aggressive tilt towards high-debt stocks, FLVCX should only be used as a satellite position in a well-rounded portfolio. The fund is internally managed by Fidelity.

FLVCX - Performance

Return Ranking - Trailing

Period FLVCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.0% -22.1% 16.5% 79.52% 5
1 Yr -7.3% -23.6% 21.3% 93.40% 5
3 Yr 3.8% * -9.8% 12.9% 92.57% 5
5 Yr 9.2% * -4.5% 14.8% 77.90% 4
10 Yr 6.2% * -0.9% 11.6% 76.43% 4

* Annualized


Return Ranking - Calendar

Period FLVCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -12.2% -30.4% 5.4% 57.64% 3
2014 N/A 0.6% 1.6% N/A N/A
2013 N/A 25.2% 34.4% N/A N/A
2012 N/A 10.6% 12.9% N/A N/A
2011 N/A -6.9% -0.9% N/A N/A

Total Return Ranking - Trailing

Period FLVCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.0% -22.1% 16.5% 81.66% 5
1 Yr -7.3% -27.5% 16.3% 90.33% 5
3 Yr 3.8% * -10.8% 12.9% 89.92% 5
5 Yr 9.2% * -5.6% 14.8% 73.94% 4
10 Yr 6.2% * -0.9% 11.6% 73.57% 4

* Annualized


Total Return Ranking - Calendar

Period FLVCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -12.2% -30.4% 5.4% 57.75% 4
2014 N/A 0.6% 6.8% N/A N/A
2013 N/A 39.2% 45.1% N/A N/A
2012 N/A 17.0% 24.0% N/A N/A
2011 N/A -0.6% 1.0% N/A N/A

NAV & Total Return History

FLVCX - Holdings

Filings data as of: Apr 30, 2016

Concentration Analysis

FLVCX Category Low Category High FLVCX % Rank Quintile
Net Assets 3.44 B 313 K 40 B 4.72% 1
Number of Holdings 106 20 2667 8.96% 2
Net Assets in Top 10 1.42 B 105 K 9.25 B 2.12% 1
Weighting of Top 10 38.7% 6.5% 70.0% 3.77% 1

Top 10 Holdings

  1. LyondellBasell Industries NV 8.05%
  2. Service Corp International 6.41%
  3. General Motors Co 2.72%
  4. Delta Air Lines Inc 2.88%
  5. Bank of America Corporation 2.88%
  6. Boston Scientific Corp 5.06%
  7. WestRock Co A 2.96%
  8. Tenet Healthcare Corp 2.57%
  9. NXP Semiconductors NV 2.93%
  10. Ford Motor Co 2.23%

Asset Allocation

Weighting Category Low Category High FLVCX % Rank Quintile
Stocks
96.25% 51.16% 120.34% 16.75% 4
Cash
2.89% -0.15% 47.44% 14.62% 3
Bonds
0.56% -0.05% 20.79% 2.83% 1
Preferred Stocks
0.30% 0.00% 12.59% 2.59% 1
Convertible Bonds
0.00% 0.00% 2.18% 2.36% 4
Other
0.00% -20.92% 6.98% 7.08% 5

Stock Sector Breakdown

Weighting Category Low Category High FLVCX % Rank Quintile
Consumer Cyclical
22.56% 0.00% 32.31% 2.36% 1
Healthcare
16.04% 0.00% 18.44% 1.42% 1
Industrials
12.54% 0.00% 44.87% 17.45% 3
Financial Services
10.84% 0.00% 37.79% 28.30% 5
Basic Materials
9.75% 0.00% 19.17% 2.36% 1
Technology
8.10% 0.00% 25.34% 20.28% 4
Energy
6.73% -2.51% 37.42% 18.40% 4
Communication Services
3.73% 0.00% 6.84% 2.36% 1
Consumer Defense
3.37% 0.00% 16.10% 21.23% 4
Utilities
1.31% -0.07% 16.79% 24.29% 5
Real Estate
1.28% -1.31% 51.75% 24.76% 5

Stock Geographic Breakdown

Weighting Category Low Category High FLVCX % Rank Quintile
US
90.75% 42.66% 120.34% 21.23% 4
Non US
5.50% -0.17% 34.24% 6.84% 1

Bond Sector Breakdown

Weighting Category Low Category High FLVCX % Rank Quintile
Cash & Equivalents
2.89% -0.06% 47.44% 14.42% 3
Corporate
0.86% 0.00% 22.38% 4.02% 1
Securitized
0.00% 0.00% 4.80% 0.71% 4
Derivative
0.00% -0.07% 20.96% 0.95% 4
Municipal
0.00% 0.00% 0.02% 0.47% 4
Government
0.00% 0.00% 20.79% 1.42% 4

Bond Geographic Breakdown

Weighting Category Low Category High FLVCX % Rank Quintile
US
0.56% -0.05% 20.79% 2.59% 1
Non US
0.00% 0.00% 1.52% 0.94% 4

FLVCX - Expenses

Operational Fees

FLVCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.79% 0.08% 19.64% 37.26% 1
Management Fee 0.60% 0.04% 1.26% 8.02% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.01% 0.40% N/A N/A

Sales Fees

FLVCX Fees (% of AUM) Category Low Category High FLVCX Rank Quintile
Front Load N/A 3.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

FLVCX Fees (% of AUM) Category Low Category High FLVCX Rank Quintile
Max Redemption Fee 1.50% 0.50% 2.00% 5.13% 3

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.

FLVCX Fees (% of AUM) Category Low Category High FLVCX Rank Quintile
Turnover 4.00% 4.00% 493.00% 21.70% 1

FLVCX - Distributions

Dividend Yield Analysis

FLVCX Category Low Category High FLVCX % Rank Quintile
Dividend Yield 0.3% 0.00% 2.23% 11.90% 1

Dividend Distribution Analysis

FLVCX Category Low Category High Category Mode
Dividend Distribution Frequency None Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FLVCX Category Low Category High FLVCX % Rank Quintile
Net Income Ratio 0.87% -3.26% 5.97% 16.51% 2

Capital Gain Distribution Analysis

FLVCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Daily Annually

FLVCX - Managers

Thomas T. Soviero

Manager

Start Date

Jul 01, 2003

Tenure

13.09

Tenure Rank

3.1%

Soviero is vice president and manager of Fidelity Investments. Since joining Fidelity Investments in 1989, he has worked as a research analyst, manager and director of high yield research. Soviero holds the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.0

Category High

27.9

Category Average

6.94

Category Mode

1.6