3 / 5 Stars
4 4 1 3 2
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 17 Convertibles Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 24.71 percent over the past year, 10.90 percent over the past three years, 18.40 percent over the past five years, and 7.79 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||18.0%|
|3 Years (Annualized)||10.9%|
|5 Years (Annualized)||18.4%|
|10 Years (Annualized)||7.8%|
The investment seeks a high level of total return through a combination of current income and capital appreciation. 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. It 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.
Fees are Low compared to funds in the same category.
Fidelity Convertible Securities Fund has an expense ratio of 1.04 percent.
Risk is High compared to funds in the same category according to Morningstar.