Advertisement
Skip to Content
Morningstar

Fidelity Advisor® Convertible Secs M FTCVX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 31.18  /  0.78 %
  • Total Assets 1.7 Bil
  • Adj. Expense Ratio
    1.280%
  • Expense Ratio 1.280%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Convertibles
  • Investment Style Small Value
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 1.72%
  • Turnover 85%

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:20 PM GMT+00:00

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.

Summary

|

A lowering of its Process Pillar rating is the primary driver of Fidelity Advisor® Convertible Secs M's downgrade to a Morningstar Quantitative Rating of Bronze from Silver. 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.

Unlock our full analysis with Morningstar Investor