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FLVCX Fidelity® Leveraged Company Stock

  • Fund
  • FLVCX
  • Price as of: Sep 20, 2019
  • $29.46 - $0.13 - 0.44%

FLVCX - Profile

Vitals

  • YTD Return 23.1%
  • 3 Yr Annualized Return -8.3%
  • 5 Yr Annualized Return -8.8%
  • Net Assets $2.18 B
  • Holdings in Top 10 27.9%

52 WEEK LOW AND HIGH

$29.46
$22.38
$30.82

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.78%

SALES FEES

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

BROKERAGE FEES

  • Turnover 67.00%

TRADING FEES

  • Max Redemption Fee 1.50%

Min Investment

STANDARD (TAXABLE)

$0

IRA

$2,500

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Mid-Cap Blend

Distributions

  • YTD Total Return 23.1%
  • 3 Yr Annualized Total Return 7.7%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 0.07%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 (%)
YTD 23.1% -2.7% 32.6% 22.03%
1 Yr -4.6% -36.1% 10.0% 27.49%
3 Yr -8.3%* -14.6% 13.9% 95.80%
5 Yr -8.8%* -13.2% 10.0% 93.56%
10 Yr 2.7%* -4.0% 13.1% 77.58%

* Annualized


Return Ranking - Calendar

Period FLVCX Return Category Return Low Category Return High Rank in Category (%)
2018 -28.5% -44.3% -1.3% 90.48%
2017 0.5% -13.5% 21.0% 83.39%
2016 -16.4% -16.4% 23.6% 100.00%
2015 -12.2% -30.9% -0.7% 61.97%
2014 4.8% -19.0% 16.3% 25.89%

Total Return Ranking - Trailing

Period FLVCX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.1% -2.7% 32.6% 22.03%
1 Yr -4.6% -36.1% 10.9% 42.40%
3 Yr 7.7%* -9.2% 14.3% 34.97%
5 Yr 3.3%* -7.8% 12.1% 51.93%
10 Yr 9.7%* 0.3% 13.2% 32.73%

* Annualized


Total Return Ranking - Calendar

Period FLVCX Return Category Return Low Category Return High Rank in Category (%)
2018 -19.7% -44.3% 0.1% 64.29%
2017 21.1% -8.7% 23.0% 3.32%
2016 7.2% -4.7% 26.2% 87.16%
2015 -5.8% -24.2% 3.9% 50.43%
2014 5.6% -19.0% 17.8% 60.71%

NAV & Total Return History

FLVCX - Holdings

Concentration Analysis

FLVCX Category Low Category High FLVCX % Rank
Net Assets 2.18 B 728 K 103 B 11.43%
Number of Holdings 80 24 3286 62.86%
Net Assets in Top 10 668 M 161 K 7.38 B 6.29%
Weighting of Top 10 27.90% 2.5% 61.9% 31.43%

Top 10 Holdings

  1. Alibaba Group Holding Ltd ADR 3.45%

  2. Eldorado Resorts Inc 3.42%

  3. Air Canada Class B 3.02%

  4. Alphabet Inc A 2.75%

  5. Boyd Gaming Corp 2.72%

  6. Global Payments Inc 2.69%

  7. Microchip Technology Inc 2.59%

  8. Adobe Inc 2.50%

  9. Vistra Energy Corp 2.47%

  10. Amazon.com Inc 2.28%


Asset Allocation

Weighting Return Low Return High FLVCX % Rank
Stocks
97.71% 84.64% 100.17% 55.71%
Cash
2.29% -4.07% 15.36% 42.86%
Preferred Stocks
0.00% 0.00% 0.00% 89.71%
Other
0.00% 0.00% 2.32% 90.86%
Convertible Bonds
0.00% 0.00% 0.34% 89.71%
Bonds
0.00% 0.00% 5.39% 90.00%

Stock Sector Breakdown

Weighting Return Low Return High FLVCX % Rank
Technology
24.50% 4.41% 30.92% 1.71%
Consumer Cyclical
20.53% 2.87% 38.74% 12.57%
Industrials
13.81% 4.23% 45.75% 63.43%
Financial Services
9.84% 0.95% 48.39% 87.43%
Healthcare
8.79% 0.00% 23.78% 62.86%
Communication Services
5.39% 0.00% 23.25% 5.43%
Energy
4.06% 0.00% 14.77% 42.29%
Utilities
3.91% -2.90% 14.77% 64.00%
Consumer Defense
2.61% 0.00% 12.77% 84.57%
Basic Materials
1.87% -1.13% 14.75% 88.29%
Real Estate
1.28% -0.26% 16.23% 87.43%

Stock Geographic Breakdown

Weighting Return Low Return High FLVCX % Rank
US
87.71% 80.50% 100.97% 88.86%
Non US
10.00% -0.97% 15.03% 7.43%

FLVCX - Expenses

Operational Fees

FLVCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.00% 27.23% 75.65%
Management Fee 0.59% 0.00% 2.00% 37.43%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.41% N/A

Sales Fees

FLVCX 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% 5.00% N/A

Trading Fees

FLVCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.50% 0.50% 2.00% 71.05%

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 Return Low Category Return High Rank in Category (%)
Turnover 67.00% 0.00% 962.00% 73.85%

FLVCX - Distributions

Dividend Yield Analysis

FLVCX Category Low Category High FLVCX % Rank
Dividend Yield 0.00% 0.00% 1.93% 95.43%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FLVCX Category Low Category High FLVCX % Rank
Net Income Ratio 0.07% -4.66% 3.73% 75.36%

Capital Gain Distribution Analysis

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

FLVCX - Managers

Mark Notkin

Manager

Start Date

Tenure

Tenure Rank

Sep 29, 2016

2.92

2.9%

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

35.69

Category Average

6.03

Category Mode

0.19