Fidelity® Convertible Securities (FCVSX)

32.57 +0.26  +0.80% Jun 3 USD
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Key Stats

Net Asset Value 32.57
Turnover Ratio 151.0%
1 Year Fund Level Flows -158.50M

Performance & Returns

  Total Return Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M 10.37% 11.50% 66
3M 7.82% 5.70% 30
6M 8.97% 8.53% 57
YTD 4.82% 5.24% 62
1Y 21.04% 17.30% 33
3Y 11.28% 9.60% 31
5Y 6.73% 7.44% 62
10Y 9.15% 9.24% 54
15Y 7.89% 7.52% 32
20Y 6.76% 6.67% 38
As of June 3, 2020. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 5.17% 5.17% 0.00%
Stock 17.05% 17.05% 0.00%
Bond 0.00% 0.00% 0.00%
Convertible 64.07% 64.07% 0.00%
Preferred 13.70% 13.70% 0.00%
Other 0.00% 0.00% 0.00%
As of March 31, 2020

Region Exposure

Americas 93.99%
North America 93.63%
Latin America 0.35%
Greater Europe 3.40%
United Kingdom 0.00%
Europe Developed 1.52%
Europe Emerging 0.00%
Africa/Middle East 1.88%
Greater Asia 2.61%
Japan 0.00%
Australasia 0.00%
Asia Developed 1.21%
Asia Emerging 1.41%
Market Classification
% Developed Markets 97.96%
% Emerging Markets 2.04%
As of March 31, 2020. Region breakdown data is calculated by using the long position holdings of the portfolio.

Stock Sector Exposure

Basic Materials 0.00%
Communication Services 10.62%
Consumer Cyclical 4.65%
Consumer Defensive 0.00%
Energy 21.67%
Financial Services 1.05%
Healthcare 4.58%
Industrials 6.42%
Real Estate 3.14%
Technology 18.31%
Utilities 29.56%
As of March 31, 2020

Stock Market Capitalization

Giant 29.65%
Large 24.31%
Medium 11.20%
Small 34.63%
Micro 0.21%
As of March 31, 2020

Stock Style Exposure

Large Cap Value 12.52%
Large Cap Blend 11.34%
Large Cap Growth 35.08%
Mid Cap Value 9.74%
Mid Cap Blend 3.13%
Mid Cap Growth 0.00%
Small Cap Value 0.25%
Small Cap Blend 27.93%
Small Cap Growth 0.00%
As of March 31, 2020

FCVSX Bond Exposure

Government 0.00%
Corporate 93.76%
Securitized 0.00%
Municipal 0.00%
Cash 6.24%
Derivative 0.00%
As of March 31, 2020

FCVSX Bond Credit Quality Exposure

AAA 5.15%
AA 0.00%
A 0.79%
BBB 11.98%
BB 6.53%
B 9.23%
Below B 0.11%
Not Rated 66.21%
As of March 31, 2020

FCVSX Bond Maturity Exposure

1 to 7 Days 0.00%
8 to 30 Days 0.00%
31 to 90 Days 0.00%
91 to 182 Days 0.01%
183 to 364 Days 1.14%
1 to 3 Years 15.60%
3 to 5 Years 45.60%
5 to 7 Years 16.51%
7 to 10 Years 4.42%
10 to 15 Years 2.06%
15 to 20 Years 3.01%
20 to 30 Years 11.64%
Over 30 Years 0.00%
As of Nov. 30, 2019
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
WFCPL Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- 2.89% -- --
DHT DHT Holdings Inc 2.58% 5.61 -1.58%
BACPL Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- 2.30% -- --
AVGOP Broadcom Inc 8% PRF CONVERT 30/09/2022 USD 1000 Ser A 1.98% -- --
-- Tesla Inc 2% 1.81% -- --
CCIPA Crown Castle International Corp Cum Conv Pfd Registered Shs Series -A- 1.48% -- --
BDXA Becton, Dickinson and Co Pfd 1.38% -- --
-- DISH Network Corporation 3.38% 1.31% -- --
-- DHT Holdings, Inc. 4.5% 1.26% -- --
-- Microchip Technology Incorporated 1.62% 1.23% -- --
As of March 31, 2020
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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 Large Cap/Blend
Fixed Income Style --
Broad Asset Class Allocation
Broad Category Convertibles
Category Name Convertibles
Prospectus Objective Convertible Bond
Fund Owner Firm Name Fidelity Investments
Benchmark Index
ICE BofA All US Convertible TR USD 100.0%
Reports
One Page Report Download

Manager Info

Name Tenure
Adam Kramer 3.92 yrs

Share Classes

Symbol Share Class
FACVX A
FCCVX C
FICVX Inst
FIQVX Inst
FTCVX M

Net Fund Flows

1M -8.454M
3M -40.80M
6M -113.52M
YTD -109.22M
1Y -158.50M
3Y -454.08M
5Y -1.303B
10Y -2.230B
As of May 31, 2020

Risk Info

Beta (5Y) 0.7274
Historical Sharpe Ratio (10Y) 0.7054
Historical Sortino (All) 0.7064
Daily Value at Risk (VaR) 1% (All) 2.50%
Monthly Value at Risk (VaR) 1% (All) 14.44%

Fundamentals

General
Dividend Yield TTM (6-3-20) 1.51%
30-Day SEC Yield (4-30-20) 1.62%
7-Day SEC Yield --
Forecasted Dividend Yield 2.05%
Number of Holdings 312
Stock
Weighted Average PE Ratio 13.77
Weighted Average Price to Sales Ratio 1.923
Weighted Average Price to Book Ratio 1.860
Weighted Median ROE 20.09%
Weighted Median ROA 7.38%
Forecasted PE Ratio 7.554
Forecasted PS Ratio 1.714
Forecasted Price to Book Value 2.218
Number of Stock Holdings 36
Bond
Current Yield 1.67%
Yield to Maturity 8.35%
Effective Duration --
Average Coupon 1.62%
Average Credit Score 15.00 (B)
Average Price --
Number of Bond Holdings 0
As of March 31, 2020

Comparables

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Attributes

Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment 0.00 USD
Minimum Subsequent Investment 0.00 USD
Fees
Actual 12B-1 Fee --
Actual Management Fee 0.32%
Administration Fee --
Performance Fee 0.15%
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
Key Dates
Inception Date 1/5/1987
Termination Date
Last Annual Report Date 11/30/2019
Last Prospectus Date 1/29/2020
Attributes
Exchange Traded Share No
Exchange Traded Note No
Enhanced Index Fund No
Fixed Distribution Fund No
High-Net Worth Individual 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
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
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