FLVCX: Fidelity® Leveraged Company Stock

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FLVCX Fidelity® Leveraged Company Stock


Profile

FLVCX - Profile

Vitals

  • YTD Return 3.1%
  • 3 Yr Annualized Return 11.1%
  • 5 Yr Annualized Return 6.7%
  • Net Assets $2.33 B
  • Holdings in Top 10 30.9%

52 WEEK LOW AND HIGH

$33.43
$26.56
$33.71

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.78%

SALES FEES

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

BROKERAGE FEES

  • Turnover 53.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 3.1%
  • 3 Yr Annualized Total Return 11.1%
  • 5 Yr Annualized Total Return 6.7%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio -0.06%
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.


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Categories

Performance

FLVCX - Performance

Return Ranking - Trailing

Period FLVCX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -1.5% 5.1% 6.27%
1 Yr 35.6% -35.8% 43.4% 2.35%
3 Yr 11.1%* -18.6% 14.3% 5.96%
5 Yr 6.7%* -14.9% 11.1% 14.71%
10 Yr 11.0%* -7.7% 13.7% 12.50%

* Annualized

Return Ranking - Calendar

Period FLVCX Return Category Return Low Category Return High Rank in Category (%)
2019 35.5% -37.3% 35.6% 0.59%
2018 -28.5% -44.3% 0.0% 90.88%
2017 0.5% -13.5% 18.9% 82.03%
2016 -16.4% -16.4% 23.6% 100.00%
2015 -12.2% -40.7% 0.0% 60.34%

Total Return Ranking - Trailing

Period FLVCX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -1.5% 5.1% 6.27%
1 Yr 35.6% -35.8% 43.4% 2.06%
3 Yr 11.1%* -16.9% 14.3% 6.29%
5 Yr 6.7%* -12.5% 12.4% 23.53%
10 Yr 11.0%* -3.1% 13.7% 22.62%

* Annualized

Total Return Ranking - Calendar

Period FLVCX Return Category Return Low Category Return High Rank in Category (%)
2019 35.5% -37.3% 35.6% 0.59%
2018 -19.7% -44.3% 0.1% 63.53%
2017 21.1% -8.7% 24.9% 4.41%
2016 7.2% -4.7% 26.2% 85.55%
2015 -5.8% -40.3% 3.9% 50.00%

NAV & Total Return History


Holdings

FLVCX - Holdings

Concentration Analysis

FLVCX Category Low Category High FLVCX % Rank
Net Assets 2.33 B 728 K 112 B 12.82%
Number of Holdings 70 1 3279 70.94%
Net Assets in Top 10 678 M 161 K 7.44 B 8.55%
Weighting of Top 10 30.87% 2.8% 100.0% 23.65%

Top 10 Holdings

  1. Air Canada Class B 4.88%
  2. Eldorado Resorts Inc 3.38%
  3. JBS SA 3.25%
  4. Vistra Energy Corp 2.97%
  5. Adobe Inc 2.86%
  6. Boyd Gaming Corp 2.81%
  7. Microsoft Corp 2.80%
  8. Global Payments Inc 2.78%
  9. Altice USA Inc Class A 2.58%
  10. Visa Inc Class A 2.56%

Asset Allocation

Weighting Return Low Return High FLVCX % Rank
Stocks
98.27% 82.68% 105.15% 52.99%
Cash
1.73% -5.15% 16.19% 47.01%
Preferred Stocks
0.00% 0.00% 3.90% 62.96%
Other
0.00% -0.87% 7.21% 62.68%
Convertible Bonds
0.00% 0.00% 0.33% 61.54%
Bonds
0.00% 0.00% 5.39% 64.39%

Stock Sector Breakdown

Weighting Return Low Return High FLVCX % Rank
Technology
22.14% 4.07% 29.60% 4.56%
Consumer Cyclical
15.49% 4.27% 39.52% 20.23%
Financial Services
13.78% 1.07% 54.13% 70.94%
Industrials
13.18% 3.30% 47.98% 76.64%
Communication Services
12.27% 0.00% 24.87% 3.13%
Healthcare
10.33% 0.00% 24.89% 48.15%
Utilities
4.89% 0.00% 14.16% 43.87%
Consumer Defense
3.78% 0.00% 12.15% 55.56%
Basic Materials
2.19% 0.00% 14.34% 84.05%
Real Estate
1.57% 0.00% 30.44% 85.75%
Energy
0.37% 0.00% 21.15% 94.02%

Stock Geographic Breakdown

Weighting Return Low Return High FLVCX % Rank
US
87.68% 81.38% 102.30% 85.19%
Non US
10.59% 0.00% 15.20% 6.84%

Expenses

FLVCX - Expenses

Operational Fees

FLVCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.00% 10.07% 74.93%
Management Fee 0.59% 0.00% 2.00% 38.68%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

FLVCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FLVCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 69.05%

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 53.00% 0.01% 962.00% 59.36%

Distributions

FLVCX - Distributions

Dividend Yield Analysis

FLVCX Category Low Category High FLVCX % Rank
Dividend Yield 0.00% 0.00% 43.29% 64.39%

Dividend Distribution Analysis

FLVCX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Monthly Quarterly

Net Income Ratio Analysis

FLVCX Category Low Category High FLVCX % Rank
Net Income Ratio -0.06% -4.66% 2.06% 83.58%

Capital Gain Distribution Analysis

FLVCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

FLVCX - Fund Manager Analysis

Managers

Mark Notkin


Start Date

Tenure

Tenure Rank

Sep 29, 2016

3.25

3.3%

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 32.75 6.16 0.53