Fidelity Advisor Convertible Securities Fund Class M (FTCVX)

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Fidelity Advisor Convertible Securities Fund Class M (FTCVX) is up 23.7% since the beginning of the year. FTCVX is currently trading at $45 per share. Investors who bought $1,000 worth of FTCVX shares 5 years ago would now be looking at an investment worth $1,544.

Fidelity Advisor Convertible Securities Fund Class M (FTCVX) has returned 23.71% so far this year and 41.10% over the past 12 months. Over the last ten years, FTCVX has returned 12.74% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Feb 19, 2009, FTCVX's average daily return is +0.05%, while the average monthly return is +1.14%. At this rate, an investment would double in approximately 5.1 years.

Historically, 64% of months were positive and 36% were negative. The best month was Apr 2009 with a return of +14.3%, while the worst month was Dec 2024 at -9.6%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FTCVX closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +5.4%, while the worst single day was Mar 16, 2020 at -6.7%.

Fidelity Advisor Convertible Securities Fund Class M has an annualized alpha of 3.83%, beta of 0.69, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since February 19, 2009.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (80.88%) than losses (74.86%) - typical of diversified or defensive assets.
• This fund generated an annualized alpha of 3.83% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• Beta of 0.69 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

FTCVX has a high expense ratio of 1.23%, indicating above-average management fees.

FTCVX ranks 86 for risk / return — in the top 86% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Fidelity Advisor Convertible Securities Fund Class M provided a 8.50% dividend yield over the last twelve months, with an annual payout of $3.81 per share.

The table displays the monthly dividend distributions for Fidelity Advisor Convertible Securities Fund Class M. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity Advisor Convertible Securities Fund Class M. 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 M was 25.10%, occurring on Mar 18, 2020. Recovery took 56 trading sessions.

The current Fidelity Advisor Convertible Securities Fund Class M drawdown is 1.13%.

The chart below shows the rolling one-month volatility.