FAGIX: Fidelity® Capital & Income

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FAGIX Fidelity® Capital & Income

  • Fund
  • FAGIX
  • Price as of: Oct 15, 2019
  • $10.01 + $0.04 + 0.40%

FAGIX - Profile

Vitals

  • YTD Return 10.4%
  • 3 Yr Annualized Return 1.2%
  • 5 Yr Annualized Return 0.5%
  • Net Assets $11.8 B
  • Holdings in Top 10 10.3%

52 WEEK LOW AND HIGH

$10.01
$9.01
$10.12

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.69%

SALES FEES

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

BROKERAGE FEES

  • Turnover 43.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

STANDARD (TAXABLE)

$0

IRA

$2,500

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 10.4%
  • 3 Yr Annualized Total Return 2.5%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 4.37%
DIVIDENDS
  • Dividend Yield 2.2%
  • 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 (%)
YTD 10.4% -4.1% 11.7% 2.61%
1 Yr 1.1% -10.8% 10.4% 40.60%
3 Yr 1.2%* -6.6% 8.3% 20.35%
5 Yr 0.5%* -8.1% 6.0% 23.24%
10 Yr 1.9%* -5.6% 9.1% 27.27%

* Annualized


Return Ranking - Calendar

Period FAGIX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.9% -13.5% 0.0% 95.31%
2017 6.1% -9.5% 6.3% 2.15%
2016 6.1% -0.8% 28.6% 72.48%
2015 -5.5% -34.3% 3.5% 14.81%
2014 -1.8% -21.7% 2.6% 12.99%

Total Return Ranking - Trailing

Period FAGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.4% -4.1% 11.7% 2.61%
1 Yr 2.4% -10.8% 11.4% 37.97%
3 Yr 2.5%* -6.6% 8.3% 32.47%
5 Yr 1.9%* -6.1% 6.1% 29.19%
10 Yr 3.0%* -1.9% 9.1% 35.45%

* Annualized


Total Return Ranking - Calendar

Period FAGIX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.5% -13.5% 1.3% 83.20%
2017 7.2% -8.5% 10.5% 13.73%
2016 6.1% -0.8% 39.0% 82.11%
2015 -4.9% -32.4% 3.5% 23.28%
2014 1.9% -16.5% 7.9% 11.86%

NAV & Total Return History

FAGIX - Holdings

Concentration Analysis

FAGIX Category Low Category High FAGIX % Rank
Net Assets 11.8 B 1.85 M 11.8 B 0.37%
Number of Holdings 649 3 1544 13.87%
Net Assets in Top 10 1.23 B -144 M 1.23 B 0.36%
Weighting of Top 10 10.32% 5.0% 3643.4% 73.36%

Top 10 Holdings

  1. Ally Financial Inc. 8% 2.32%

  2. ALTICE FRANCE S.A 7.38% 1.13%

  3. Pacific Gas and Electric Company 6.05% 1.06%

  4. Air Canada Class B 1.00%

  5. Alibaba Group Holding Ltd ADR 0.94%

  6. Bank of America Corporation 5.88% 0.92%

  7. Cal Res Term 1 1/2ln 12/31/21 0.80%

  8. CCO Holdings, LLC/ CCO Holdings Capital Corp. 5% 0.79%

  9. Goldman Sachs Group, Inc. 5% 0.70%

  10. JBS SA 0.67%


Asset Allocation

Weighting Return Low Return High FAGIX % Rank
Bonds
69.95% 0.00% 144.59% 90.15%
Stocks
20.99% -1.34% 23.81% 0.73%
Cash
6.49% -24.11% 63.34% 30.29%
Preferred Stocks
1.57% -0.06% 27.73% 13.14%
Convertible Bonds
1.00% 0.00% 35.95% 47.45%
Other
0.00% -48.58% 98.81% 71.17%

Stock Sector Breakdown

Weighting Return Low Return High FAGIX % Rank
Technology
4.83% -0.17% 6.08% 2.86%
Industrials
3.84% 0.00% 5.12% 0.95%
Consumer Cyclical
3.41% -0.14% 4.69% 4.76%
Financial Services
2.67% -0.03% 2.67% 0.48%
Healthcare
1.90% 0.00% 3.17% 0.95%
Communication Services
1.30% -0.04% 4.19% 2.86%
Utilities
0.85% -0.04% 5.58% 4.76%
Consumer Defense
0.85% -0.09% 0.98% 2.86%
Energy
0.63% -0.06% 10.38% 16.67%
Real Estate
0.35% -0.03% 7.83% 4.76%
Basic Materials
0.13% 0.00% 1.30% 15.24%

Stock Geographic Breakdown

Weighting Return Low Return High FAGIX % Rank
US
18.18% -1.34% 18.18% 0.36%
Non US
2.81% 0.00% 8.41% 1.82%

Bond Sector Breakdown

Weighting Return Low Return High FAGIX % Rank
Corporate
72.30% 0.00% 3345.86% 79.20%
Cash & Equivalents
6.49% -24.56% 59.01% 30.29%
Securitized
0.22% 0.00% 88.21% 45.99%
Derivative
0.00% -18.65% 21.58% 62.41%
Municipal
0.00% 0.00% 18.25% 62.41%
Government
0.00% -3298.93% 65.95% 76.28%

Bond Geographic Breakdown

Weighting Return Low Return High FAGIX % Rank
US
59.22% -233.75% 101.20% 71.90%
Non US
10.73% 0.00% 280.68% 85.04%

FAGIX - Expenses

Operational Fees

FAGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.00% 33.95% 90.15%
Management Fee 0.56% 0.00% 1.84% 35.77%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

FAGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FAGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.00% 2.00% 76.67%

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 Return Low Category Return High Rank in Category (%)
Turnover 43.00% 5.00% 1334.00% 36.70%

FAGIX - Distributions

Dividend Yield Analysis

FAGIX Category Low Category High FAGIX % Rank
Dividend Yield 2.21% 0.00% 6.19% 72.66%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FAGIX Category Low Category High FAGIX % Rank
Net Income Ratio 4.37% -0.65% 8.97% 77.27%

Capital Gain Distribution Analysis

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

FAGIX - Managers

Mark Notkin

Manager

Start Date

Tenure

Tenure Rank

Jul 21, 2003

16.21

16.2%

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.


Brian Chang

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2019

0.0

0.0%

Since joining Fidelity Investments in 2007, Mr. Chang has worked as a research analyst and portfolio manager.


Tenure Analysis

Category Low

0.0

Category High

30.19

Category Average

5.62

Category Mode

0.75