Fidelity Convertible Securities Fund (FCVSX) Stock
This fund primarily allocates a minimum of 80% of its portfolio to convertible securities. These instruments, frequently characterized as lower-rated debt, exhibit a dual nature: they tend to mirror stock performance when the associated equity is appreciating, but revert to bond-like characteristics if the underlying stock price declines.
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About Fidelity Convertible Securities Fund
This fund primarily allocates a minimum of 80% of its portfolio to convertible securities. These instruments, frequently characterized as lower-rated debt, exhibit a dual nature: they tend to mirror stock performance when the associated equity is appreciating, but revert to bond-like characteristics if the underlying stock price declines. Beyond convertibles, the fund also holds various other securities, such as common equities, from both domestic and international companies. Investment selections are made by the advisor based on rigorous fundamental analysis, evaluating aspects like an issuer's financial health, competitive standing within its industry, and prevailing market and economic landscapes.
Fidelity Convertible Securities Fund is headquartered in US.
Fidelity Convertible Securities Fund (FCVSX) stock trades at $42.63 with a market capitalization of $2.72B. Over the past 52 weeks the stock has ranged between $36.47 and $45.59, and currently trades 6.5% below its 52-week high. It pays a dividend yielding 1.41%.
Official website: fundresearch.fidelity.com/mutual-funds/summary/316145200