Fidelity Advisor Leverage Company Stock Fund (FLENX)
| Fund Assets | 3.76B |
| Expense Ratio | 0.74% |
| Min. Investment | n/a |
| Turnover | n/a |
| Dividend (ttm) | 1.44 |
| Dividend Yield | 3.79% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 20, 2024 |
| Previous Close | 38.00 |
| YTD Return | -0.81% |
| 1-Year Return | n/a |
| 5-Year Return | n/a |
| 52-Week Low | 30.00 |
| 52-Week High | 42.46 |
| Beta (5Y) | n/a |
| Holdings | 92 |
| Inception Date | n/a |
About FLENX
Fidelity Advisor Leveraged Company Stock Fund - I Class is a mutual fund that targets capital appreciation by primarily investing in the common stocks of companies with leveraged capital structures, typically those issuing lower-quality debt or classified as high-yield (junk bond) issuers. This domestic equity strategy leverages in-depth fundamental analysis, moving opportunistically across various market capitalizations and credit quality spectrums. The fund’s management team focuses on identifying companies with attractive valuations, strong competitive positions, and the potential for prudent use of free cash flow to grow shareholder value and reduce financial leverage over time. The portfolio often features sector allocations that differ from standard benchmarks, concentrating on both growth and value opportunities among leveraged firms. With a relatively high risk profile, the fund appeals to investors seeking exposure to companies with the potential for higher returns due to financial leverage, while also accepting the increased volatility that comes with such strategies. The fund’s assets are diversified across multiple holdings, and it maintains a disciplined approach to risk-adjusted performance, drawing on the broader research resources of Fidelity’s high-income and global teams.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| FLEOX | Fidelity Advisor Leveraged Company Stock Fund: Class Z | 0.62% |
| FLEJX | Fidelity Advisor Leveraged Company Stock Fund: Class A | 0.99% |
| FLELX | Fidelity Advisor Leveraged Company Stock Fund: Class M | 1.24% |
| FLEMX | Fidelity Advisor Leveraged Company Stock Fund: Class C | 1.74% |
Top 10 Holdings
34.01% of assets| Name | Symbol | Weight |
|---|---|---|
| Meta Platforms, Inc. | META | 5.60% |
| Vistra Corp. | VST | 4.79% |
| NVIDIA Corporation | NVDA | 4.46% |
| Apollo Global Management, Inc. | APO | 3.87% |
| Arthur J. Gallagher & Co. | AJG | 3.31% |
| Constellation Energy Corporation | CEG | 2.58% |
| Amazon.com, Inc. | AMZN | 2.48% |
| Microsoft Corporation | MSFT | 2.40% |
| Alphabet Inc. | GOOGL | 2.31% |
| Comfort Systems USA, Inc. | FIX | 2.20% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 20, 2024 | $1.184 | Dec 23, 2024 |
| Sep 13, 2024 | $0.251 | Sep 16, 2024 |