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Morningstar

Fidelity Advisor Convertible Secs M FTCVX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 32.77  /  +0.74 %
  • Total Assets 1.7 Bil
  • Adj. Expense Ratio
    1.300%
  • Expense Ratio 1.300%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Convertibles
  • Investment Style Mid Blend
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 1.81%
  • Turnover 89%

USD | NAV as of May 06, 2024 | 1-Day Return as of May 06, 2024, 10:14 PM GMT+0

Morningstar’s Analysis FTCVX

Will FTCVX 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 FTCVX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FTCVX 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 FTCVX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A strong management team and sound investment process underpin Fidelity Advisor Convertible Secs M's Morningstar Medalist Rating of Silver.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FTCVX

More FTCVX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash

2.50 44.4 Mil
Cash and Equivalents

Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L-

1.78 31.7 Mil
Financial Services

DHT Holdings Inc

1.66 29.5 Mil
Energy

Palo Alto Networks Inc 0.375%

1.41 25.1 Mil
Corporate

Royal Caribbean Group 6%

1.32 23.5 Mil
Corporate

Uber Technologies Inc 0.875%

1.29 23.0 Mil
Corporate

Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L-

1.28 22.7 Mil
Financial Services

Southern Co. 3.875%

1.23 21.9 Mil
Corporate

Duke Energy Corp 4.125%

1.23 21.8 Mil
Corporate

PG&E Corporation 4.25%

1.20 21.2 Mil
Corporate