- What does FCVSX invest in?
- This fund primarily allocates a minimum of 80% of its portfolio to convertible securities. These instruments, frequently characterized as lower-rated debt, exhibit a dual nature: they tend to mirror stock performance when the associated equity is appreciating, but revert to bond-like characteristics if the underlying stock price declines. Beyond convertibles, the fund also holds various other securities, such as common equities, from both domestic and international companies. Investment selections are made by the advisor based on rigorous fundamental analysis, evaluating aspects like an issuer's financial health, competitive standing within its industry, and prevailing market and economic landscapes.
- What is the expense ratio of FCVSX?
- Fidelity Convertible Securities Fund (FCVSX) charges an expense ratio of 0.64%. This is the annual fee deducted from fund assets to cover management and operations.
- What is FCVSX's dividend yield?
- FCVSX's trailing-twelve-month yield is 9.89%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of FCVSX?
- Effective duration measures FCVSX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FCVSX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of FCVSX?
- FCVSX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of FCVSX?
- Yield to maturity (YTM) is the total return you'd earn from FCVSX if every bond in the portfolio is held to maturity at the current price. FCVSX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
