FLVCX: Fidelity® Leveraged Company Stock

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FLVCX Fidelity® Leveraged Company Stock

  • Fund
  • FLVCX
  • Price as of: Dec 12, 2019
  • $31.61
    + $0.43 + 1.38%

Profile

FLVCX - Profile

Vitals

  • YTD Return 32.0%
  • 3 Yr Annualized Return -2.3%
  • 5 Yr Annualized Return -6.1%
  • Net Assets $2.27 B
  • Holdings in Top 10 30.2%

52 WEEK LOW AND HIGH

$31.61
$22.38
$31.61

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.78%

SALES FEES

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

BROKERAGE FEES

  • Turnover 53.00%

TRADING FEES

  • Max Redemption Fee 1.50%

Min Investment

  • Standard (Taxable) $0
  • IRA $2,500

Fund Classification


Distributions

  • YTD Total Return 32.0%
  • 3 Yr Annualized Total Return 8.0%
  • 5 Yr Annualized Total Return 6.3%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio -0.06%
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.


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Categories

Performance

FLVCX - Performance

Return Ranking - Trailing

Period FLVCX Return Category Return Low Category Return High Rank in Category (%)
YTD 32.0% -22.3% 74.4% 7.16%
1 Yr 19.7% -19.1% 66.3% 8.36%
3 Yr -2.3%* -14.2% 18.8% 76.00%
5 Yr -6.1%* -12.5% 13.5% 94.09%
10 Yr 3.6%* -1.9% 13.5% 78.77%

* Annualized

Return Ranking - Calendar

Period FLVCX Return Category Return Low Category Return High Rank in Category (%)
2018 -28.5% -44.3% -1.3% 91.10%
2017 0.5% -13.5% 18.9% 83.22%
2016 -16.4% -16.4% 23.6% 100.00%
2015 -12.2% -30.9% 2.6% 62.50%
2014 4.8% -19.0% 16.3% 24.77%

Total Return Ranking - Trailing

Period FLVCX Return Category Return Low Category Return High Rank in Category (%)
YTD 32.0% -22.3% 74.4% 7.16%
1 Yr 19.7% -13.3% 66.3% 14.63%
3 Yr 8.0%* -9.7% 18.8% 35.67%
5 Yr 6.3%* -7.0% 13.5% 40.93%
10 Yr 10.6%* -1.2% 13.5% 43.58%

* Annualized

Total Return Ranking - Calendar

Period FLVCX Return Category Return Low Category Return High Rank in Category (%)
2018 -19.7% -44.3% 0.1% 64.72%
2017 21.1% -8.7% 24.9% 4.45%
2016 7.2% -4.7% 26.2% 86.40%
2015 -5.8% -24.2% 3.9% 50.45%
2014 5.6% -19.0% 17.8% 57.01%

NAV & Total Return History


Holdings

FLVCX - Holdings

Concentration Analysis

FLVCX Category Low Category High FLVCX % Rank
Net Assets 2.27 B 728 K 110 B 13.08%
Number of Holdings 70 25 3300 70.35%
Net Assets in Top 10 690 M 161 K 7.4 B 7.27%
Weighting of Top 10 30.19% 2.7% 57.4% 25.29%

Top 10 Holdings

  1. Air Canada Class B 4.53%
  2. Alibaba Group Holding Ltd ADR 3.38%
  3. Eldorado Resorts Inc 3.28%
  4. Global Payments Inc 3.04%
  5. JBS SA 2.89%
  6. Adobe Inc 2.71%
  7. Boyd Gaming Corp 2.63%
  8. Alphabet Inc A 2.59%
  9. IQVIA Holdings Inc 2.58%
  10. Microchip Technology Inc 2.57%

Asset Allocation

Weighting Return Low Return High FLVCX % Rank
Stocks
97.45% 81.62% 110.31% 66.57%
Cash
2.55% -10.31% 18.38% 33.43%
Preferred Stocks
0.00% 0.00% 3.90% 86.92%
Other
0.00% -0.87% 2.59% 84.59%
Convertible Bonds
0.00% 0.00% 0.33% 85.47%
Bonds
0.00% 0.00% 5.39% 87.50%

Stock Sector Breakdown

Weighting Return Low Return High FLVCX % Rank
Technology
24.12% 4.28% 29.90% 0.87%
Consumer Cyclical
18.63% 3.60% 34.84% 20.06%
Industrials
16.48% 2.62% 48.45% 30.81%
Financial Services
10.89% 1.03% 50.31% 83.43%
Healthcare
9.22% 0.00% 22.42% 62.50%
Communication Services
6.01% 0.00% 23.88% 3.20%
Utilities
3.76% -2.87% 14.59% 70.93%
Consumer Defense
3.36% 0.00% 11.63% 62.50%
Energy
2.93% 0.00% 16.03% 56.98%
Real Estate
1.43% -0.26% 26.21% 85.17%
Basic Materials
0.62% -1.12% 14.69% 94.77%

Stock Geographic Breakdown

Weighting Return Low Return High FLVCX % Rank
US
85.03% 81.38% 109.56% 87.50%
Non US
12.42% -0.96% 12.59% 4.07%

Expenses

FLVCX - Expenses

Operational Fees

FLVCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.00% 10.07% 74.78%
Management Fee 0.59% 0.00% 2.00% 37.79%
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 1.00% 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% 69.05%

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 53.00% 0.00% 962.00% 54.87%

Distributions

FLVCX - Distributions

Dividend Yield Analysis

FLVCX Category Low Category High FLVCX % Rank
Dividend Yield 0.00% 0.00% 2.87% 91.57%

Dividend Distribution Analysis

FLVCX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Quarterly Annually

Net Income Ratio Analysis

FLVCX Category Low Category High FLVCX % Rank
Net Income Ratio -0.06% -4.66% 2.06% 82.49%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FLVCX - Fund Manager Analysis

Managers

Mark Notkin


Start Date

Tenure

Tenure Rank

Sep 29, 2016

3.17

3.2%

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


Start Date

Tenure

Tenure Rank

Oct 01, 2019

0.16

0.2%

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

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 32.66 6.01 0.44