Fidelity Convertible Securities Fund
FCVSX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Jan 5, 1987
- CIK
- 0000708191
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Convertible Securities Fund (FCVSX) is an open-end mutual fund managed by Fidelity Management and Research Company (FMR) that seeks a high level of total return through a combination of current income and capital appreciation; it normally invests at least 80% of assets in convertible securities, including high-yield debt instruments that perform like stocks when underlying share prices are high and like bonds when they are low, with the remainder potentially allocated to other securities such as common stocks of domestic and foreign issuers. The fund employs fundamental analysis with a bottom-up security selection approach, focusing on issuer financial condition, industry position, market conditions, and economic factors. It benchmarks performance against the Bloomberg US Universal TR USD index and operates within the convertibles category, targeting investors seeking hybrid fixed income-equity exposure across global fixed income markets. Launched on January 5, 1987, the fund is part of Fidelity Financial Trust and maintains its headquarters at 245 Summer Street, Boston, Massachusetts, with co-management involvement from affiliates including FMR Co., Inc., Fidelity Management & Research (Hong Kong) Limited, Fidelity Management & Research (U.K.) Inc., and Fidelity Management & Research (Japan) Inc. Recent developments include the addition of Rick Stevens as co-portfolio manager alongside Adam Kramer as of late 2024, enhancing management depth following several years of challenging performance amid favorable convertible market recovery driven by new issuance at better investor terms; the team capitalized on these opportunities by deploying significant cash into new convertible purchases over the past 12 months. As of November 30, 2024, the fund reported strong 12-month results with core convertible allocations contributing +26% versus the benchmark, reflecting strategic positioning in a rebounding market. No major acquisitions, funding rounds, or structural reorganizations have been reported in the last 1-2 years.