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FAGIX Fidelity® Capital & Income

  • Fund
  • FAGIX
  • Price as of: May 23, 2019
  • $9.89 - $0.06 - 0.60%
  • Category
  • High Yield Bonds

FAGIX - Profile

Vitals

  • YTD Return 9.0%
  • 3 Yr Annualized Return 2.2%
  • 5 Yr Annualized Return -0.5%
  • Net Assets $11.6 B
  • Holdings in Top 10 10.1%

52 WEEK LOW AND HIGH

$9.89
$9.01
$10.32

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.67%

SALES FEES

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

BROKERAGE FEES

  • Turnover 39.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

STANDARD (TAXABLE)

$0

IRA

$2,500

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 9.0%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 4.71%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 9.0% -6.3% 15.9% 0.40%
1 Yr -3.5% -13.4% 4.0% 96.76%
3 Yr 2.2%* -6.9% 7.1% 2.09%
5 Yr -0.5%* -8.1% 1.6% 7.02%
10 Yr 4.3%* -13.4% 5.2% 2.17%

* Annualized


Return Ranking - Calendar

Period FAGIX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.9% -23.1% -0.4% 99.80%
2017 6.1% -9.5% 28.5% 1.24%
2016 6.1% -14.4% 28.6% 69.52%
2015 -5.5% -34.3% 1.0% 15.45%
2014 -1.8% -23.1% 27.7% 13.44%

Total Return Ranking - Trailing

Period FAGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% -6.3% 15.9% 0.40%
1 Yr -0.8% -13.4% 5.9% 63.97%
3 Yr 3.5%* -6.9% 10.5% 18.79%
5 Yr 1.1%* -7.5% 5.7% 20.00%
10 Yr 5.4%* -13.4% 9.2% 18.77%

* Annualized


Total Return Ranking - Calendar

Period FAGIX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.5% -23.1% 1.3% 92.09%
2017 7.2% -4.9% 36.8% 6.61%
2016 6.1% -14.4% 39.0% 76.41%
2015 -4.9% -28.3% 4.3% 25.89%
2014 1.9% -21.8% 27.7% 13.44%

NAV & Total Return History

FAGIX - Holdings

Concentration Analysis

FAGIX Category Low Category High FAGIX % Rank
Net Assets 11.6 B 673 K 24.4 B 4.81%
Number of Holdings 634 6 1644 13.23%
Net Assets in Top 10 1.12 B -36.7 K 3.73 B 6.41%
Weighting of Top 10 10.08% 5.4% 100.1% 54.31%

Top 10 Holdings

  1. Ally Financial Inc. 8% 2.23%

  2. Alibaba Group Holding Ltd ADR 1.12%

  3. ALTICE FRANCE S.A 7.38% 1.09%

  4. Cal Res Term 1 1/2ln 12/31/21 0.92%

  5. Bank of America Corporation 5.88% 0.90%

  6. Bausch Health Companies Inc 5.5% 0.81%

  7. Alphabet Inc A 0.80%

  8. Ally Financial Inc. 5.12% 0.80%

  9. Vistra Energy Corp 0.71%

  10. Air Canada Class B 0.70%


Asset Allocation

Weighting Return Low Return High FAGIX % Rank
Bonds
71.54% -14.92% 103.60% 97.39%
Stocks
21.15% -0.44% 99.99% 0.40%
Cash
5.22% -4.10% 114.92% 43.69%
Preferred Stocks
1.31% 0.00% 11.13% 5.61%
Convertible Bonds
0.77% 0.00% 17.73% 31.26%
Other
0.00% -5.62% 22.60% 80.76%

Stock Sector Breakdown

Weighting Return Low Return High FAGIX % Rank
Consumer Cyclical
4.50% -0.14% 15.43% 1.50%
Technology
4.42% -0.17% 30.52% 0.50%
Industrials
3.22% 0.00% 14.47% 1.00%
Financial Services
2.13% -0.03% 16.74% 1.00%
Healthcare
2.01% 0.00% 14.67% 0.50%
Communication Services
1.28% -0.04% 2.00% 0.50%
Utilities
0.95% -0.04% 2.00% 2.00%
Energy
0.81% -0.06% 2.74% 9.50%
Basic Materials
0.75% 0.00% 1.46% 3.75%
Consumer Defense
0.46% -0.09% 4.73% 4.00%
Real Estate
0.37% -0.03% 2.98% 2.25%

Stock Geographic Breakdown

Weighting Return Low Return High FAGIX % Rank
US
17.85% -0.43% 50.32% 1.20%
Non US
3.30% -0.01% 49.67% 0.40%

Bond Sector Breakdown

Weighting Return Low Return High FAGIX % Rank
Corporate
73.37% 0.00% 105.22% 92.38%
Cash & Equivalents
5.22% -1.83% 114.92% 41.48%
Securitized
0.25% 0.00% 61.18% 30.46%
Derivative
0.00% -14.92% 10.55% 58.72%
Municipal
0.00% 0.00% 99.98% 62.73%
Government
0.00% -5.69% 66.73% 64.93%

Bond Geographic Breakdown

Weighting Return Low Return High FAGIX % Rank
US
60.92% -14.92% 99.77% 93.79%
Non US
10.62% 0.00% 58.16% 76.55%

FAGIX - Expenses

Operational Fees

FAGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.67% 0.00% 6.42% 88.58%
Management Fee 0.56% 0.00% 1.00% 47.90%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

FAGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FAGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 84.21%

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 39.00% 5.00% 1334.00% 29.26%

FAGIX - Distributions

Dividend Yield Analysis

FAGIX Category Low Category High FAGIX % Rank
Dividend Yield 0.03% 0.00% 1.62% 83.57%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FAGIX Category Low Category High FAGIX % Rank
Net Income Ratio 4.71% -1.92% 7.02% 62.53%

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

15.79

15.8%

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

0.0

Category High

34.71

Category Average

6.92

Category Mode

0.33