Returns Chart

Key Stats

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Expense Ratio Total Assets Under Management Dividend Yield Turnover Ratio
0.81% 1.766B 1.68% 151.0%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized All Time Total Returns (Daily) Max Drawdown (All)
-171.94M 33.51% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks a high level of total return through a combination of current income and capital appreciation. The fund normally invests at least 80% of assets in convertible securities, which are often lower-quality debt securities and perform more like a stock when the underlying share price is high and more like a bond when the underlying share price is low. It invests in other types of securities, including common stocks. The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions to select investments.
General
Security Type Mutual Fund
Oldest Share Symbol FCVSX
Equity Style Mid Cap/Blend
Fixed Income Style --
Broad Asset Class Allocation
Broad Category Convertibles
Category Name Convertibles
Category Index ICE BofA US Convt Bonds TR USD
Prospectus Objective Convertible Bond
Fund Owner Firm Name Fidelity Investments
Prospectus Benchmark Index
ICE BofA All US Convertible TR USD 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
Adam Kramer 4.34 yrs

Net Fund Flows Versus Category

View Net Fund Flows. Upgrade now.
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 91
-171.94M
-410.98M Category Low
909.26M Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of September 30, 2020

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
Total Return (NAV)
--
--
--
--
--
--
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of October 23, 2020. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

Edit comparables
Name
2013
2014
2015
2016
2017
2018
2019
YTD
23.75%
8.96%
-9.64%
5.71%
9.31%
-1.79%
28.21%
23.24%
32.39%
13.69%
1.38%
11.96%
21.83%
-4.38%
31.49%
8.88%
25.23%
6.32%
-1.84%
5.50%
14.81%
2.76%
26.05%
34.28%
20.38%
11.84%
-1.14%
5.45%
18.48%
-0.42%
19.83%
4.18%
20.37%
4.94%
-3.83%
4.39%
14.33%
0.50%
19.18%
30.60%
21.31%
3.95%
-3.02%
5.81%
10.42%
-1.71%
21.42%
27.13%
As of October 23, 2020.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-23-20) 1.68%
30-Day SEC Yield (9-30-20) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 7.285
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
Bond
Current Yield 1.48%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price --
As of August 31, 2020

Fund Details

Key Dates
Inception Date 2/19/2009
Last Annual Report Date 11/30/2019
Last Prospectus Date 1/29/2020
Share Classes
FCCVX C
FCVSX No Load
FICVX Inst
FIQVX Inst
FTCVX M
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No

Asset Allocation

As of August 31, 2020.
Type % Net % Long % Short
Cash 0.87% Upgrade Upgrade
Stock 19.89% Upgrade Upgrade
Bond 0.29% Upgrade Upgrade
Convertible 67.13% Upgrade Upgrade
Preferred 11.82% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Tesla Inc 2%
4.67% -- --
DHT Holdings Inc 2.35% 5.04 -1.75%
Broadcom Inc Broadcom Inc 8 % Mandatory Convertible Preferred Stock Ser A
2.31% -- --
2020 Cash Mandatory Exchangeable Trust 5.25%
2.17% -- --
Euronav NV
2.03% -- --
Tesla Inc 1.25%
1.99% -- --
Tesla Inc 2.38%
1.67% -- --
Microchip Technology Incorporated 1.62%
1.38% -- --
DISH Network Corporation 3.38%
1.32% -- --
Advanced Micro Devices, Inc. 2.12%
1.20% -- --

Fees & Availability

Fees
Actual 12B-1 Fee Upgrade
Actual Management Fee Upgrade
Administration Fee --
Performance Fee Upgrade
Switching Fee --
Transaction Fee --
Maximum Front Load Upgrade
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment Upgrade
Minimum Subsequent Investment Upgrade

Basic Info

Investment Strategy
The investment seeks a high level of total return through a combination of current income and capital appreciation. The fund normally invests at least 80% of assets in convertible securities, which are often lower-quality debt securities and perform more like a stock when the underlying share price is high and more like a bond when the underlying share price is low. It invests in other types of securities, including common stocks. The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions to select investments.
General
Security Type Mutual Fund
Oldest Share Symbol FCVSX
Equity Style Mid Cap/Blend
Fixed Income Style --
Broad Asset Class Allocation
Broad Category Convertibles
Category Name Convertibles
Category Index ICE BofA US Convt Bonds TR USD
Prospectus Objective Convertible Bond
Fund Owner Firm Name Fidelity Investments
Prospectus Benchmark Index
ICE BofA All US Convertible TR USD 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
Adam Kramer 4.34 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-23-20) 1.68%
30-Day SEC Yield (9-30-20) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 7.285
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
Bond
Current Yield 1.48%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price --
As of August 31, 2020

Fund Details

Key Dates
Inception Date 2/19/2009
Last Annual Report Date 11/30/2019
Last Prospectus Date 1/29/2020
Share Classes
FCCVX C
FCVSX No Load
FICVX Inst
FIQVX Inst
FTCVX M
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No