Fidelity Convertible Securities Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.1%
1 yr return
14.0%
3 Yr Avg Return
1.1%
5 Yr Avg Return
11.8%
Net Assets
$1.74 B
Holdings in Top 10
32.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.26%
SALES FEES
Front Load 3.50%
Deferred Load N/A
TRADING FEES
Turnover 87.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FTCVX - Profile
Distributions
- YTD Total Return 3.1%
- 3 Yr Annualized Total Return 1.1%
- 5 Yr Annualized Total Return 11.8%
- Capital Gain Distribution Frequency None
- Net Income Ratio 0.73%
- Dividend Yield 3.2%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFidelity Convertible Securities Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateFeb 25, 2009
-
Shares OutstandingN/A
-
Share ClassM
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAdam Kramer
Fund Description
FTCVX - Performance
Return Ranking - Trailing
Period | FTCVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.1% | -3.1% | 4.5% | 42.68% |
1 Yr | 14.0% | -9.4% | 14.9% | 9.76% |
3 Yr | 1.1%* | -16.9% | 1.5% | 8.64% |
5 Yr | 11.8%* | -6.2% | 12.2% | 5.19% |
10 Yr | 6.8%* | -0.9% | 10.0% | 65.57% |
* Annualized
Return Ranking - Calendar
Period | FTCVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.0% | -7.7% | 13.1% | 14.29% |
2022 | -18.4% | -37.8% | -9.7% | 27.71% |
2021 | -8.8% | -18.9% | 2.4% | 31.33% |
2020 | 28.0% | 5.8% | 54.0% | 63.29% |
2019 | 24.4% | 9.9% | 24.4% | 5.06% |
Total Return Ranking - Trailing
Period | FTCVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.1% | -3.1% | 4.5% | 42.68% |
1 Yr | 14.0% | -9.4% | 14.9% | 9.76% |
3 Yr | 1.1%* | -16.9% | 1.5% | 8.64% |
5 Yr | 11.8%* | -6.2% | 12.2% | 5.19% |
10 Yr | 6.8%* | -0.9% | 10.0% | 65.57% |
* Annualized
Total Return Ranking - Calendar
Period | FTCVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.4% | -7.7% | 15.3% | 5.95% |
2022 | -15.8% | -37.8% | -9.7% | 37.35% |
2021 | 9.5% | -12.2% | 11.3% | 15.66% |
2020 | 41.8% | 5.8% | 64.4% | 63.29% |
2019 | 27.8% | 12.2% | 28.7% | 6.33% |
NAV & Total Return History
FTCVX - Holdings
Concentration Analysis
FTCVX | Category Low | Category High | FTCVX % Rank | |
---|---|---|---|---|
Net Assets | 1.74 B | 20.2 M | 4.43 B | 9.30% |
Number of Holdings | 204 | 40 | 381 | 10.47% |
Net Assets in Top 10 | 545 M | 4.58 M | 632 M | 9.30% |
Weighting of Top 10 | 32.58% | 9.5% | 50.5% | 25.58% |
Top 10 Holdings
- Fidelity Cash Central Fund 18.32%
- PALO ALTO NETWORKS INC CONV 0.375% 06/01/2025 2.44%
- DHT HOLDINGS INC 2.16%
- MICROSTRATEGY INC CONV 0% 02/15/2027 1.74%
- UNITY SOFTWARE INC CONV 0% 11/15/2026 1.53%
- SNAP INC CONV 0.125% 03/01/2028 1.33%
- SOUTHERN COMPANY CONV 3.875% 12/15/2025 144A 1.31%
- DUKE ENERGY CORP NEW CONV 4.125% 04/15/2026 144A 1.30%
- DRAFTKINGS INC/NEVADA CONV 0% 03/15/2028 1.27%
- NORTHERN OIL AND GAS INC CONV 3.625% 04/15/2029 1.17%
Asset Allocation
Weighting | Return Low | Return High | FTCVX % Rank | |
---|---|---|---|---|
Bonds | 71.20% | 0.00% | 141.12% | 83.72% |
Convertible Bonds | 64.89% | 33.22% | 110.54% | 86.05% |
Cash | 18.48% | -78.94% | 18.48% | 3.49% |
Stocks | 6.44% | 0.00% | 23.09% | 16.28% |
Preferred Stocks | 3.89% | 0.00% | 22.50% | 86.05% |
Other | -0.02% | -17.11% | 0.97% | 95.35% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FTCVX % Rank | |
---|---|---|---|---|
Utilities | 29.61% | 0.00% | 100.00% | 83.12% |
Energy | 21.94% | 0.00% | 40.56% | 14.29% |
Basic Materials | 17.17% | 0.00% | 24.08% | 6.49% |
Consumer Cyclical | 10.75% | 0.00% | 24.79% | 5.19% |
Industrials | 7.10% | 0.00% | 23.08% | 20.78% |
Technology | 5.30% | 0.00% | 23.73% | 24.68% |
Communication Services | 5.04% | 0.00% | 100.00% | 7.79% |
Consumer Defense | 1.54% | 0.00% | 25.78% | 27.27% |
Healthcare | 0.89% | 0.00% | 20.31% | 57.14% |
Financial Services | 0.66% | 0.00% | 20.48% | 28.57% |
Real Estate | 0.00% | 0.00% | 27.87% | 23.38% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FTCVX % Rank | |
---|---|---|---|---|
US | 5.92% | 0.00% | 22.42% | 16.28% |
Non US | 0.53% | 0.00% | 1.55% | 5.81% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FTCVX % Rank | |
---|---|---|---|---|
Corporate | 96.87% | 91.11% | 100.00% | 54.65% |
Cash & Equivalents | 18.32% | 0.00% | 18.32% | 3.49% |
Securitized | 0.00% | 0.00% | 0.00% | 10.47% |
Municipal | 0.00% | 0.00% | 0.00% | 10.47% |
Government | 0.00% | 0.00% | 2.94% | 18.60% |
Derivative | -0.02% | -0.03% | 0.94% | 83.72% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FTCVX % Rank | |
---|---|---|---|---|
US | 71.20% | 0.00% | 141.12% | 83.72% |
Non US | 0.00% | 0.00% | 18.83% | 32.56% |
FTCVX - Expenses
Operational Fees
FTCVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.26% | 0.20% | 3.16% | 43.02% |
Management Fee | 0.75% | 0.20% | 1.23% | 69.41% |
12b-1 Fee | 0.50% | 0.00% | 1.00% | 60.78% |
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 | 2.00% | 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 | 87.00% | 30.00% | 154.00% | 61.84% |
FTCVX - Distributions
Dividend Yield Analysis
FTCVX | Category Low | Category High | FTCVX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.23% | 0.00% | 13.84% | 17.44% |
Dividend Distribution Analysis
FTCVX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Quarterly | Quarterly | Quarterly |
Net Income Ratio Analysis
FTCVX | Category Low | Category High | FTCVX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.73% | -3.72% | 10.32% | 31.76% |
Capital Gain Distribution Analysis
FTCVX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | None | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 27, 2023 | $0.726 | OrdinaryDividend |
Oct 09, 2023 | $0.118 | OrdinaryDividend |
Jul 10, 2023 | $0.058 | OrdinaryDividend |
Apr 06, 2023 | $0.078 | OrdinaryDividend |
Dec 28, 2022 | $0.777 | OrdinaryDividend |
Oct 10, 2022 | $0.073 | OrdinaryDividend |
Jul 05, 2022 | $0.058 | OrdinaryDividend |
Apr 04, 2022 | $0.036 | OrdinaryDividend |
Oct 04, 2021 | $0.054 | OrdinaryDividend |
Jul 06, 2021 | $0.056 | OrdinaryDividend |
Apr 06, 2021 | $0.042 | OrdinaryDividend |
Oct 05, 2020 | $0.192 | OrdinaryDividend |
Jul 13, 2020 | $0.158 | OrdinaryDividend |
Apr 06, 2020 | $0.075 | OrdinaryDividend |
Oct 07, 2019 | $0.047 | OrdinaryDividend |
Jul 08, 2019 | $0.077 | OrdinaryDividend |
Apr 08, 2019 | $0.039 | OrdinaryDividend |
Jul 09, 2018 | $0.152 | OrdinaryDividend |
Apr 09, 2018 | $0.135 | OrdinaryDividend |
Oct 09, 2017 | $0.122 | OrdinaryDividend |
Jul 10, 2017 | $0.193 | OrdinaryDividend |
Apr 10, 2017 | $0.159 | OrdinaryDividend |
Oct 10, 2016 | $0.347 | OrdinaryDividend |
Jul 11, 2016 | $0.062 | OrdinaryDividend |
Apr 11, 2016 | $0.137 | OrdinaryDividend |
Oct 05, 2015 | $0.183 | OrdinaryDividend |
Jul 02, 2015 | $0.125 | OrdinaryDividend |
Apr 02, 2015 | $0.051 | OrdinaryDividend |
Oct 06, 2014 | $0.107 | OrdinaryDividend |
Jul 07, 2014 | $0.069 | OrdinaryDividend |
Apr 07, 2014 | $0.087 | OrdinaryDividend |
Dec 16, 2013 | $0.129 | OrdinaryDividend |
Oct 07, 2013 | $0.183 | OrdinaryDividend |
Jul 08, 2013 | $0.149 | OrdinaryDividend |
Apr 08, 2013 | $0.155 | OrdinaryDividend |
Dec 17, 2012 | $0.173 | OrdinaryDividend |
Oct 08, 2012 | $0.150 | OrdinaryDividend |
Jul 09, 2012 | $0.106 | OrdinaryDividend |
Apr 05, 2012 | $0.144 | OrdinaryDividend |
Dec 12, 2011 | $0.202 | OrdinaryDividend |
Oct 10, 2011 | $0.154 | OrdinaryDividend |
Jul 11, 2011 | $0.148 | OrdinaryDividend |
Apr 07, 2011 | $0.144 | OrdinaryDividend |
Dec 13, 2010 | $0.221 | OrdinaryDividend |
Oct 04, 2010 | $0.179 | OrdinaryDividend |
Jul 12, 2010 | $0.136 | OrdinaryDividend |
Apr 12, 2010 | $0.152 | OrdinaryDividend |
Dec 14, 2009 | $0.251 | OrdinaryDividend |
Oct 05, 2009 | $0.144 | OrdinaryDividend |
Jul 13, 2009 | $0.206 | OrdinaryDividend |
Apr 06, 2009 | $0.279 | OrdinaryDividend |
FTCVX - Fund Manager Analysis
Managers
Adam Kramer
Start Date
Tenure
Tenure Rank
May 31, 2016
6.0
6.0%
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 |
---|---|---|---|
0.25 | 36.97 | 10.12 | 7.42 |