FAGIX: Fidelity® Capital & Income

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FAGIX Fidelity® Capital & Income


Profile

FAGIX - Profile

Vitals

  • YTD Return 0.9%
  • 3 Yr Annualized Return 1.6%
  • 5 Yr Annualized Return 1.2%
  • Net Assets $12.5 B
  • Holdings in Top 10 10.0%

52 WEEK LOW AND HIGH

$10.34
$9.54
$10.37

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.69%

SALES FEES

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

BROKERAGE FEES

  • Turnover 43.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 2.1%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 4.37%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity® Capital & Income Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Nov 01, 1977
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mark Notkin

Fund Description

The Fidelity Capital & Income Fund (FAGIX) seeks to provide a combination of income and capital growth by investing in high yield bonds of companies rated below investment grade, as well as stocks of companies in troubled or uncertain financial conditions. The fund’s manager, Mark Notkin, seeks companies with strong balance sheets, improving company/industry fundamentals and a strong management team.

The resulting portfolio offers exposure to a wide variety of equity sectors, including telecommunications, energy, banks, financials, technology, utilities, and healthcare. FAGIX’s fixed income component primarily consists of below investment grade corporate debt, as well as small allocations to bank debt.


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Categories

Fund Company Quick Screens

FAGIX - Fund Company Quick Screens


Performance

FAGIX - Performance

Return Ranking - Trailing

Period FAGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -0.7% 2.3% 24.91%
1 Yr 8.8% -6.5% 21.5% 15.11%
3 Yr 1.6%* -6.7% 8.9% 19.67%
5 Yr 1.2%* -6.1% 8.3% 21.05%
10 Yr 1.8%* -5.9% 10.0% 31.45%

* Annualized

Return Ranking - Calendar

Period FAGIX Return Category Return Low Category Return High Rank in Category (%)
2019 13.0% -6.2% 13.3% 0.72%
2018 -11.9% -13.5% 0.0% 97.33%
2017 6.1% -9.5% 6.3% 2.07%
2016 6.1% -0.8% 28.6% 71.05%
2015 -5.5% -34.3% 3.5% 15.42%

Total Return Ranking - Trailing

Period FAGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -0.7% 2.3% 24.91%
1 Yr 8.8% -5.4% 21.5% 14.39%
3 Yr 2.9%* -6.7% 8.9% 29.10%
5 Yr 2.1%* -4.3% 8.3% 29.19%
10 Yr 2.8%* -2.0% 10.0% 38.71%

* Annualized

Total Return Ranking - Calendar

Period FAGIX Return Category Return Low Category Return High Rank in Category (%)
2019 13.0% -6.2% 13.3% 0.72%
2018 -9.5% -13.5% 1.3% 85.11%
2017 7.2% -8.5% 10.5% 12.45%
2016 6.1% -0.8% 39.0% 80.26%
2015 -4.9% -32.4% 3.5% 22.89%

NAV & Total Return History


Holdings

FAGIX - Holdings

Concentration Analysis

FAGIX Category Low Category High FAGIX % Rank
Net Assets 12.5 B 1.85 M 18.1 B 0.70%
Number of Holdings 608 2 1614 15.97%
Net Assets in Top 10 1.19 B -146 M 18.9 B 1.04%
Weighting of Top 10 9.98% 5.3% 100.0% 81.60%

Top 10 Holdings

  1. Ally Financial Inc. 8% 2.43%
  2. ALTICE FRANCE S.A 7.38% 1.13%
  3. Air Canada Class B 1.03%
  4. Bank of America Corporation 5.88% 0.95%
  5. CCO Holdings, LLC/ CCO Holdings Capital Corp. 5% 0.81%
  6. Cal Res Term 1 1/4ln 12/31/22 0.74%
  7. Mastercard Inc A 0.74%
  8. JBS SA 0.73%
  9. Vistra Energy Corp 0.71%
  10. Goldman Sachs Group, Inc. 5% 0.71%

Asset Allocation

Weighting Return Low Return High FAGIX % Rank
Bonds
67.74% 7.28% 154.37% 94.10%
Stocks
20.63% -1.40% 23.81% 0.69%
Cash
9.76% -31.14% 81.27% 13.89%
Preferred Stocks
1.61% 0.00% 11.70% 7.64%
Convertible Bonds
0.26% 0.00% 13.62% 63.54%
Other
0.00% -55.55% 14.94% 92.36%

Stock Sector Breakdown

Weighting Return Low Return High FAGIX % Rank
Technology
22.35% 0.00% 100.00% 4.95%
Industrials
14.36% 0.00% 100.00% 14.29%
Financial Services
14.34% 0.00% 100.00% 9.89%
Communication Services
13.57% 0.00% 83.83% 16.48%
Consumer Cyclical
11.26% 0.00% 100.00% 32.42%
Healthcare
10.50% 0.00% 68.69% 10.44%
Utilities
5.15% 0.00% 57.52% 16.48%
Consumer Defense
4.38% 0.00% 65.85% 6.04%
Basic Materials
1.81% 0.00% 100.00% 19.23%
Real Estate
1.78% 0.00% 86.85% 14.84%
Energy
0.49% 0.00% 100.00% 66.48%

Stock Geographic Breakdown

Weighting Return Low Return High FAGIX % Rank
US
18.39% -1.39% 18.53% 1.74%
Non US
2.24% -0.01% 8.41% 2.08%

Bond Sector Breakdown

Weighting Return Low Return High FAGIX % Rank
Corporate
87.43% 0.00% 99.57% 58.89%
Cash & Equivalents
12.30% -9.91% 81.27% 13.24%
Securitized
0.27% 0.00% 91.12% 43.55%
Derivative
0.00% -0.02% 35.78% 88.85%
Municipal
0.00% 0.00% 18.42% 86.76%
Government
0.00% 0.00% 98.94% 93.03%

Bond Geographic Breakdown

Weighting Return Low Return High FAGIX % Rank
US
58.34% 7.28% 98.35% 76.04%
Non US
9.40% 0.00% 66.39% 84.72%

Expenses

FAGIX - Expenses

Operational Fees

FAGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.00% 33.79% 90.36%
Management Fee 0.56% 0.00% 1.84% 40.21%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.50% N/A

Sales Fees

FAGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FAGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 96.88%

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.

FAGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 43.00% 0.00% 1362.00% 34.75%

Distributions

FAGIX - Distributions

Dividend Yield Analysis

FAGIX Category Low Category High FAGIX % Rank
Dividend Yield 0.68% 0.00% 3.92% 81.38%

Dividend Distribution Analysis

FAGIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FAGIX Category Low Category High FAGIX % Rank
Net Income Ratio 4.37% -1.74% 9.72% 78.57%

Capital Gain Distribution Analysis

FAGIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

FAGIX - Fund Manager Analysis

Managers

Mark Notkin


Start Date

Tenure

Tenure Rank

Jul 21, 2003

16.46

16.5%

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

0.25

0.3%

Brian Chang is co-manager of the fund, which he has managed since October 2019. He also manages other funds. 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
0.08 30.44 5.8 2.16