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FLVCX Fidelity® Leveraged Company Stock

  • Fund
  • FLVCX
  • Price as of: May 21, 2019
  • $29.05 + $0.36 + 1.26%
  • Category
  • Mid Cap Value Equities

FLVCX - Profile

Vitals

  • YTD Return 21.3%
  • 3 Yr Annualized Return -9.7%
  • 5 Yr Annualized Return -8.2%
  • Net Assets $2.4 B
  • Holdings in Top 10 27.9%

52 WEEK LOW AND HIGH

$29.05
$22.38
$35.80

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

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 21.3%
  • 3 Yr Annualized Total Return 8.4%
  • 5 Yr Annualized Total Return 4.1%
  • 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 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


Return Ranking - Calendar

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%

Total Return Ranking - Trailing

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


Total Return Ranking - Calendar

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%

NAV & Total Return History

FLVCX - Holdings

Concentration Analysis

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%

Top 10 Holdings

  1. Eldorado Resorts Inc 3.94%

  2. Alibaba Group Holding Ltd ADR 3.34%

  3. Air Canada Class B 3.02%

  4. T-Mobile US Inc 2.97%

  5. Alphabet Inc A 2.85%

  6. Vistra Energy Corp 2.43%

  7. Amazon.com Inc 2.41%

  8. Adobe Inc 2.38%

  9. Boyd Gaming Corp 2.29%

  10. Microchip Technology Inc 2.22%


Asset Allocation

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%

Stock Sector Breakdown

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%

Stock Geographic Breakdown

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 - Expenses

Operational Fees

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

Sales Fees

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

Trading Fees

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 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% 2.00% 628.00% 69.67%

FLVCX - Distributions

Dividend Yield Analysis

FLVCX Category Low Category High FLVCX % Rank
Dividend Yield 0.00% 0.00% 0.06% 93.69%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FLVCX Category Low Category High FLVCX % Rank
Net Income Ratio 0.07% -4.66% 6.58% 81.68%

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

2.58

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