Fidelity Advisor Convertible Securities Fund Class A (FACVX)
The fund normally invests at least 80% of assets in convertible securities, which are often lower-quality debt securities and perform more like a stock when the underlying share price is high and more like a bond when the underlying share price is low. It invests in other types of securities, including common stocks. The fund invests in domestic and foreign issuers. The advisor uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.
Fund Info
| ISIN | US3161458530 |
|---|---|
| Issuer | Fidelity |
| Inception Date | Feb 19, 2009 |
| Category | Preferred Stock/Convertible Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Asset Class Size | Small-Cap |
Asset Class Style | Value |
Expense Ratio
FACVX has a high expense ratio of 0.97%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: FACVX vs. FXAIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Advisor Convertible Securities Fund Class A, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Advisor Convertible Securities Fund Class A had a return of 1.67% year-to-date (YTD) and 10.68% in the last 12 months. Over the past 10 years, Fidelity Advisor Convertible Securities Fund Class A had an annualized return of 6.78%, while the S&P 500 had an annualized return of 10.67%, indicating that Fidelity Advisor Convertible Securities Fund Class A did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.67% | 9.49% |
| 1 month | -0.06% | 1.20% |
| 6 months | 9.51% | 18.29% |
| 1 year | 10.68% | 26.44% |
| 5 years (annualized) | 10.73% | 12.64% |
| 10 years (annualized) | 6.78% | 10.67% |
Monthly Returns
The table below presents the monthly returns of FACVX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.47% | 0.84% | 2.66% | -3.08% | 1.67% | ||||||||
| 2023 | 4.36% | 0.36% | -0.74% | -1.73% | 0.40% | 4.59% | 2.53% | -2.26% | -1.99% | -3.27% | 4.25% | 4.52% | 11.06% |
| 2022 | -6.01% | 0.65% | 2.01% | -7.79% | -3.35% | -6.55% | 6.13% | 1.95% | -6.34% | 4.04% | 2.89% | -3.17% | -15.59% |
| 2021 | 2.39% | 3.88% | -2.39% | 2.85% | -0.97% | 2.00% | -0.81% | 2.07% | -1.73% | 4.15% | -2.69% | 0.79% | 9.63% |
| 2020 | 0.96% | -3.98% | -9.26% | 10.48% | 5.78% | 3.01% | 7.39% | 7.33% | -2.42% | -1.78% | 13.50% | 7.00% | 42.09% |
| 2019 | 7.88% | 2.89% | 0.43% | 3.85% | -3.36% | 5.45% | 1.86% | -0.80% | -1.11% | 1.99% | 3.79% | 2.76% | 28.21% |
| 2018 | 2.91% | -2.13% | -0.46% | 0.06% | 3.82% | 0.28% | -0.42% | 2.80% | -0.10% | -4.73% | 1.48% | -4.69% | -1.59% |
| 2017 | 1.58% | 1.15% | 0.84% | 1.22% | -0.29% | 0.25% | 1.39% | -0.14% | 0.64% | 1.39% | 0.57% | 0.36% | 9.30% |
| 2016 | -8.30% | 0.99% | 5.73% | 1.08% | -0.04% | 1.20% | 3.18% | 0.67% | 1.21% | -1.55% | 0.52% | 1.50% | 5.72% |
| 2015 | -2.21% | 4.97% | -1.58% | -1.28% | 0.94% | -3.29% | -0.62% | -3.60% | -4.34% | 5.19% | -0.54% | -10.08% | -16.05% |
| 2014 | 0.14% | 3.16% | -1.16% | 0.76% | 2.17% | 1.72% | -1.12% | 2.39% | -2.97% | 1.03% | 2.67% | 0.78% | 9.82% |
| 2013 | 4.37% | -0.11% | 3.34% | 0.75% | 4.34% | -2.72% | 3.19% | -1.93% | 4.25% | 1.48% | 2.98% | 1.89% | 23.77% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FACVX is 45, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
FACVX (Fidelity Advisor Convertible Securities Fund Class A)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Advisor Convertible Securities Fund Class A (FACVX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Advisor Convertible Securities Fund Class A granted a 2.03% dividend yield in the last twelve months. The annual payout for that period amounted to $0.66 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.66 | $0.60 | $1.03 | $7.41 | $4.20 | $0.94 | $2.39 | $1.22 | $1.23 | $0.65 | $1.84 | $0.90 |
Dividend yield | 2.03% | 1.86% | 3.48% | 20.42% | 10.56% | 3.04% | 9.55% | 4.38% | 4.62% | 2.45% | 5.71% | 2.91% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Convertible Securities Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.16 | $0.00 | $0.16 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.14 | $0.00 | $0.29 | $0.60 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.00 | $0.80 | $1.03 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $7.17 | $7.41 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.22 | $0.00 | $3.72 | $4.20 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.07 | $0.00 | $0.72 | $0.94 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.34 | $0.00 | $1.68 | $2.39 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.15 | $0.00 | $0.72 | $1.22 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.37 | $0.00 | $0.62 | $1.23 |
| 2015 | $0.01 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.21 | $0.00 | $0.23 | $0.65 |
| 2014 | $0.01 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.13 | $0.00 | $1.50 | $1.84 |
| 2013 | $0.18 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.20 | $0.00 | $0.36 | $0.90 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor Convertible Securities Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Advisor Convertible Securities Fund Class A was 29.42%, occurring on Feb 11, 2016. Recovery took 589 trading sessions.
The current Fidelity Advisor Convertible Securities Fund Class A drawdown is 8.64%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -29.42% | Mar 3, 2015 | 240 | Feb 11, 2016 | 589 | Jun 14, 2018 | 829 |
| -25.09% | Feb 20, 2020 | 20 | Mar 18, 2020 | 56 | Jun 8, 2020 | 76 |
| -24.32% | Nov 9, 2021 | 152 | Jun 16, 2022 | — | — | — |
| -22.35% | May 2, 2011 | 108 | Oct 3, 2011 | 312 | Jan 2, 2013 | 420 |
| -12.93% | Apr 27, 2010 | 48 | Jul 2, 2010 | 71 | Oct 13, 2010 | 119 |
Volatility
Volatility Chart
The current Fidelity Advisor Convertible Securities Fund Class A volatility is 2.76%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.