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FLVCX Fidelity® Leveraged Company Stock

  • Fund
  • FLVCX
  • Price as of: Dec 06, 2016
  • $33.45
  • + $0.33
  • + 1.00%
  • Category
  • Mid Cap Value Equities

FLVCX - Profile

Vitals

  • YTD Return -16.0%
  • 3 Yr Annualized Return 2.7%
  • 5 Yr Annualized Return 13.0%
  • Net Assets $3.26 B
  • Holdings in Top 10 41.2%

52 WEEK LOW AND HIGH

$33.45
$32.74
$41.74

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.80%

SALES FEES

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

BROKERAGE FEES

  • Turnover 9.00%

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 -10.2%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 13.0%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 1.03%
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 Mark Notkin

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 -16.0% -16.3% 31.1% 96.20% 5
1 Yr 0.8% -33.1% 29.7% 88.39% 5
3 Yr 2.7% * -14.2% 12.5% 83.70% 5
5 Yr 13.0% * -4.5% 20.7% 52.05% 3
10 Yr 5.7% * -4.4% 9.7% 69.41% 4

* Annualized


Return Ranking - Calendar

Period FLVCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -12.2% -30.9% 0.7% 50.37% 3
2014 4.8% -18.7% 14.7% 25.07% 2
2013 34.2% -39.7% 66.3% 20.93% 2
2012 28.3% 0.0% 41.2% 3.30% 1
2011 -11.6% -34.9% 5.7% 86.18% 5

Total Return Ranking - Trailing

Period FLVCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -10.2% -16.3% 31.1% 96.88% 5
1 Yr 0.8% -28.1% 97.8% 87.44% 5
3 Yr 2.7% * -7.6% 15.1% 92.12% 5
5 Yr 13.0% * -5.6% 53.1% 60.82% 4
10 Yr 5.7% * -2.3% 20.7% 74.01% 4

* Annualized


Total Return Ranking - Calendar

Period FLVCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.6% -26.7% 2.4% 56.72% 3
2014 6.5% -12.4% 25.7% 84.68% 5
2013 43.1% 0.0% 165.8% 70.06% 4
2012 38.2% 0.0% 258.2% 19.22% 1
2011 -13.7% -53.5% 12.7% 83.88% 5

NAV & Total Return History

FLVCX - Holdings

Filings data as of: Jul 31, 2016

Concentration Analysis

FLVCX Category Low Category High FLVCX % Rank Quintile
Net Assets 3.26 B 313 K 38.1 B 5.42% 1
Number of Holdings 87 20 2644 11.32% 3
Net Assets in Top 10 1.42 B 105 K 9.53 B 2.36% 1
Weighting of Top 10 41.2% 6.4% 75.7% 3.30% 1

Top 10 Holdings

  1. LyondellBasell Industries NV 7.79%
  2. Service Corp International 7.06%
  3. General Motors Co 3.16%
  4. Delta Air Lines Inc 2.85%
  5. Bank of America Corporation 3.05%
  6. Boston Scientific Corp 5.96%
  7. WestRock Co A 3.23%
  8. Tenet Healthcare Corp 2.64%
  9. NXP Semiconductors NV 3.08%
  10. Comcast Corp Class A 2.39%

Asset Allocation

Weighting Category Low Category High FLVCX % Rank Quintile
Stocks
95.75% 47.12% 100.46% 18.87% 4
Cash
3.56% -0.15% 52.89% 13.44% 2
Bonds
0.70% -0.05% 21.99% 3.07% 1
Convertible Bonds
0.00% 0.00% 2.49% 2.59% 4
Preferred Stocks
0.00% 0.00% 14.07% 3.54% 4
Other
0.00% -5.25% 5.12% 7.78% 4

Stock Sector Breakdown

Weighting Category Low Category High FLVCX % Rank Quintile
Consumer Cyclical
22.71% 0.00% 30.42% 1.89% 1
Healthcare
17.37% 0.00% 20.62% 0.94% 1
Industrials
11.37% 0.00% 43.44% 20.05% 4
Financial Services
11.08% 0.00% 37.79% 29.72% 5
Basic Materials
10.27% -2.13% 18.72% 1.89% 1
Technology
8.48% 0.00% 29.84% 23.35% 4
Energy
5.81% 0.00% 37.42% 23.11% 4
Communication Services
3.98% 0.00% 8.01% 1.65% 1
Consumer Defense
3.27% 0.00% 15.09% 21.70% 4
Real Estate
0.97% 0.00% 48.98% 27.12% 5
Utilities
0.43% 0.00% 14.65% 27.36% 5

Stock Geographic Breakdown

Weighting Category Low Category High FLVCX % Rank Quintile
US
90.73% 40.09% 100.00% 22.41% 4
Non US
5.02% -0.18% 35.73% 8.25% 2

Bond Sector Breakdown

Weighting Category Low Category High FLVCX % Rank Quintile
Cash & Equivalents
3.56% -0.15% 52.89% 13.00% 2
Corporate
0.70% 0.00% 23.33% 4.26% 1
Securitized
0.00% 0.00% 4.31% 1.18% 4
Derivative
0.00% -0.75% 13.36% 0.71% 4
Municipal
0.00% 0.00% 0.00% 0.24% 4
Government
0.00% 0.00% 15.03% 1.89% 4

Bond Geographic Breakdown

Weighting Category Low Category High FLVCX % Rank Quintile
US
0.70% -0.05% 21.99% 3.07% 1
Non US
0.00% 0.00% 0.62% 0.71% 4

FLVCX - Expenses

Operational Fees

FLVCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.80% 0.08% 19.64% 36.56% 1
Management Fee 0.60% 0.04% 1.26% 7.78% 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 9.00% 6.63% 493.00% 22.88% 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 1.03% -3.26% 5.97% 15.57% 2

Capital Gain Distribution Analysis

FLVCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Daily Annually

FLVCX - Managers

Mark Notkin

Manager

Start Date

Sep 29, 2016

Tenure

0.09

Tenure Rank

20.8%

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

0.1

Category High

28.2

Category Average

6.94

Category Mode

1.9