Fidelity Capital and Income Fund
FAGIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Jan 2, 1980
- CIK
- 0000225322
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Capital and Income Fund (FAGIX) is an open-end mutual fund managed by Fidelity Investments that seeks a combination of income and capital growth by investing primarily in lower-quality debt securities, including high-yield bonds, defaulted securities, and equity securities of U.S. and non-U.S. issuers. The fund's portfolio typically allocates around 54% to U.S. bonds, 23% to U.S. stocks, 11% to cash, 7% to non-U.S. bonds, and 2% to non-U.S. stocks, with top holdings including Fidelity Cash Central Fund, Fid Private Credit Co LLC, NVIDIA Corp, Meta Platforms Inc, and Comfort Systems USA Inc; it emphasizes non-investment grade companies across sectors like technology, financials, and industrials. Offered as a no-load share class with a net expense ratio of 0.90% and monthly dividends, the fund targets income-oriented investors and maintains a low turnover rate of 19%. Launched on November 1, 1977, and domiciled in the United States, the fund is headquartered at Fidelity Investments' address of 82 Devonshire Street, Boston, Massachusetts, with total net assets exceeding $14 billion as of late 2025. It operates within the high-yield bond category, available to U.S. investors through brokerage platforms with no minimum initial investment. Co-managed by Mark Notkin since July 21, 2003, and Brian Chang since October 1, 2019, the fund delivered a 6.89% return for the fiscal year ending April 30, 2025, underperforming its ICE BofA US High Yield Constrained Index benchmark amid market volatility. Recent portfolio adjustments in 2025 included new positions in Ally Financial Inc, eG Global Finance PLC, Bank of America Corp, and Altice France SA securities, alongside gains in equity holdings like NVIDIA and Meta Platforms. In Q2 2025, the fund navigated U.S. high-yield bond gains of 3.57% while benefiting from selective credit opportunities in a steepening yield curve environment.