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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.
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| Period | FLVCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 21.3% | 3.4% | 19.1% | 4.80% |
| 1 Yr | -17.3% | -34.9% | 3.8% | 91.29% |
| 3 Yr | -9.7%* | -13.3% | 11.4% | 99.37% |
| 5 Yr | -8.2%* | -12.4% | 7.9% | 90.26% |
| 10 Yr | 5.7%* | -0.8% | 13.7% | 65.87% |
* Annualized
| Period | FLVCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -28.5% | -40.8% | -8.9% | 88.89% |
| 2017 | 0.5% | -16.5% | 19.6% | 86.21% |
| 2016 | -16.4% | -16.4% | 28.0% | 100.00% |
| 2015 | -12.2% | -30.9% | 0.2% | 55.66% |
| 2014 | 4.8% | -44.7% | 12.4% | 26.21% |
| Period | FLVCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 21.3% | 3.4% | 19.1% | 4.80% |
| 1 Yr | -7.1% | -25.1% | 8.4% | 58.26% |
| 3 Yr | 8.4%* | -5.4% | 14.2% | 36.99% |
| 5 Yr | 4.1%* | -9.2% | 9.2% | 52.60% |
| 10 Yr | 12.9%* | 3.5% | 15.1% | 28.37% |
* Annualized
| Period | FLVCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -19.7% | -35.2% | -2.7% | 57.36% |
| 2017 | 21.1% | -5.9% | 26.9% | 1.57% |
| 2016 | 7.2% | -2.5% | 28.0% | 99.37% |
| 2015 | -5.8% | -25.7% | 5.0% | 46.23% |
| 2014 | 5.6% | -44.0% | 17.4% | 75.86% |
| FLVCX | Category Low | Category High | FLVCX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.4 B | 1.7 M | 31.3 B | 26.13% |
| Number of Holdings | 83 | 25 | 2623 | 53.15% |
| Net Assets in Top 10 | 626 M | 305 K | 8.81 B | 22.82% |
| Weighting of Top 10 | 27.85% | 7.7% | 51.1% | 34.53% |
| Weighting | Return Low | Return High | FLVCX % Rank | |
|---|---|---|---|---|
| Stocks | 96.52% | 16.88% | 100.00% | 75.38% |
| Cash | 2.82% | -0.95% | 65.64% | 33.03% |
| Preferred Stocks | 0.66% | 0.00% | 17.48% | 3.60% |
| Other | 0.00% | -2.90% | 4.05% | 58.26% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 55.86% |
| Bonds | 0.00% | 0.00% | 22.90% | 61.26% |
| Weighting | Return Low | Return High | FLVCX % Rank | |
|---|---|---|---|---|
| Consumer Cyclical | 23.00% | 0.90% | 33.24% | 2.70% |
| Technology | 19.61% | 0.00% | 35.74% | 6.31% |
| Industrials | 14.36% | 0.00% | 35.95% | 48.95% |
| Healthcare | 9.27% | 0.00% | 24.89% | 24.62% |
| Financial Services | 7.81% | 1.95% | 33.24% | 99.10% |
| Communication Services | 6.23% | 0.00% | 6.23% | 0.60% |
| Energy | 4.76% | 0.00% | 20.49% | 77.18% |
| Basic Materials | 4.34% | 0.00% | 11.67% | 57.66% |
| Utilities | 3.95% | 0.00% | 13.21% | 72.37% |
| Consumer Defense | 1.86% | 0.00% | 12.27% | 93.99% |
| Real Estate | 1.32% | 0.00% | 17.48% | 89.79% |
| Weighting | Return Low | Return High | FLVCX % Rank | |
|---|---|---|---|---|
| US | 82.83% | 11.51% | 99.59% | 89.19% |
| Non US | 13.69% | 0.00% | 37.72% | 7.21% |
| FLVCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.78% | 0.00% | 6.88% | 88.89% |
| Management Fee | 0.59% | 0.06% | 1.26% | 16.52% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.47% | N/A |
| FLVCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
| FLVCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 1.50% | 0.50% | 2.00% | 59.26% |
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% | 2.00% | 628.00% | 69.67% |
| FLVCX | Category Low | Category High | FLVCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 0.06% | 93.69% |
| FLVCX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Quarterly | Annually |
| Date | Amount |
|---|---|
| Dec 08, 2014 | $0.181 |
| Sep 08, 2014 | $0.163 |
| Dec 09, 2013 | $0.117 |
| Sep 09, 2013 | $0.155 |
| Dec 28, 2012 | $0.020 |
| Dec 10, 2012 | $0.103 |
| Dec 12, 2011 | $0.291 |
| Dec 13, 2010 | $0.071 |
| Sep 09, 2010 | $0.036 |
| Dec 14, 2009 | $0.035 |
| Sep 14, 2009 | $0.079 |
| Dec 31, 2008 | $0.010 |
| Dec 15, 2008 | $0.091 |
| Sep 15, 2008 | $0.037 |
| Dec 17, 2007 | $0.100 |
| Sep 10, 2007 | $0.290 |
| Dec 11, 2006 | $0.050 |
| Sep 11, 2006 | $0.070 |
| Dec 30, 2005 | $0.020 |
| Dec 12, 2005 | $0.050 |
| Sep 12, 2005 | $0.140 |
| Dec 30, 2004 | $0.020 |
| Sep 07, 2004 | $0.020 |
| Dec 17, 2001 | $0.110 |
| Sep 10, 2001 | $0.090 |
| FLVCX | Category Low | Category High | FLVCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.07% | -4.66% | 6.58% | 81.68% |
| FLVCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | None | Annually | Annually | Annually |
Manager
Start Date
Tenure
Tenure Rank
Sep 29, 2016
2.58
2.6%
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
0.13
Category High
30.68
Category Average
7.68
Category Mode
3.64
MUTUAL FUND EDUCATION
MUTUAL FUND EDUCATION
