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Morningstar

Fidelity Advisor® Convertible Secs C FCCVX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 30.62  /  0.49 %
  • Total Assets 1.6 Bil
  • Adj. Expense Ratio
    1.790%
  • Expense Ratio 1.740%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category Convertibles
  • Investment Style Small Value
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 1.15%
  • Turnover 85%

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 11:12 PM GMT+00:00

Morningstar’s Analysis FCCVX

Will FCCVX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FCCVX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FCCVX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of FCCVX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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A drop in its Process Pillar rating is the primary driver of Fidelity Advisor® Convertible Secs C's downgrade to a Morningstar Quantitative Rating of Neutral from Bronze. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

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