About FLVCX
Fidelity Leveraged Company Stock Fund is an actively managed mutual fund focused on capital appreciation by investing primarily in common stocks of companies with high levels of outstanding debt, often referred to as leveraged companies. The fund is distinguished by its opportunistic investment approach, allowing its managers to move across various market capitalizations and credit qualities. This strategy can result in sector allocations that deviate significantly from typical benchmarks, as the fund seeks firms with attractive valuations, robust competitive positioning, and leadership adept at using free cash flow to enhance shareholder value and reduce leverage over time.
The fund's portfolio spans both domestic and, occasionally, international issuers, and may include lower-quality debt securities considered below investment grade. Fidelity Leveraged Company Stock Fund impacts a wide range of industries, such as communication services, technology, utilities, financial services, and industrials. As a large blend fund with a growth tilt, it employs in-depth fundamental and credit analysis to identify potential opportunities, leveraging the expertise of Fidelity’s high-income and global research teams. This fund plays a unique role in the mutual fund landscape by targeting companies with leveraged capital structures, aiming to deliver favorable risk-adjusted returns over the long term.
Fund Family Fidelity
Category Large Blend
Performance Rating Below Average
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol FLVCX
Index Russell MidCap TR
FLVCX had a total return of 20.11% in the past year, including dividends. Since the fund's
inception, the average annual return has been 19.27%.
