Fund Research for Fidelity Leveraged Company Stock (FLVCX)

  • Fund Overview

    Fund Inception Date: Dec 19, 2000
    Category: Mid-Cap Blend
    Overall Risk: High
    Fund Family: Fidelity Investments
    Return Since Inception: 11.58%
    YTD Return: 44.58%
    Yield (TTM): 0.88%
    Net Assets: 3.84 B
    Morningstar Rating:
    2 of 5

    The investment seeks capital appreciation. The fund normally invests at least 80% of the assets in stocks. It normally invests the fund's assets primarily in common stocks of leveraged companies. The fund defines leveraged companies as companies that issue lower-quality debt and other companies with leveraged capital structures. It may also invest the fund's assets in lower-quality debt securities.

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    Size
    Average Market Cap $4,124 M
    Market Capitalization Portfolio
    Giant 7.22%
    Large 18.07%
    Medium 49.30%
    Small 21.90%
    Micro 3.50%
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/04/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 12/31/2000 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 44.58% 20.31% -6.58% 3.17% — 11.58%
    +/- Category 17.77% 4.15% -0.88% 2.06% — —
    +/- S&P 500 TR 26.49% 9.25% -0.13% 2.89% -0.95% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 42.98% 22.05% -7.15% 3.44% — 11.58%
    Quarter (as of 09/30/2009) 52.29% -4.47% -4.01% 5.47% — 12.50%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/04/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/04/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 12/19/2000
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    Information 14.84%
    Service 29.47%
    Manufacturing 44.28%

    Asset Allocation

    Short Long Net Assets
    Cash — 3.53% 3.53%
    Stocks — 88.62% 88.62%
    Bonds — 7.59% 7.59%
    Other — 0.26% 0.26%
    Foreign Stocks
    (as a % of assets)    		 — 3.39% 3.39%
    Data as of 07/31/2009 Data as of 07/31/2009 View Fund Portfolio

    Top 10 Holdings

    Sector P/E Return as of 10/31/2009 Net Assets
    = ON SEMICONDUCTOR CORP (ONNN) Hardware — 128.24% 4.24%
    + Fidelity Cash Central Fund — — — 3.53%
    + AES CORP (AES) Utilities 14.06 67.84% 3.51%
    - EL PASO CORP (EP) Energy — 25.54% 3.30%
    = CELANESE CORP DEL (CE) Industrial Materials 13.21 96.54% 3.03%
    + BANK OF AMERICA CORPORATION (BAC) Financial Services — 15.34% 2.88%
    = SERVICE CORP INTL (SCI) Business Services 19.54 36.42% 2.78%
    - FREEPORT-MCMORAN COPPER & GO (FCX) Industrial Materials — 167.59% 2.63%
    = TENET HEALTHCARE CORP (THC) Healthcare 14.32 375.65% 2.60%
    = PEABODY ENERGY CORP (BTU) Energy 16.73 57.67% 2.41%
    + Increase - Decrease = No change * New since last portfolio
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    P/E as of 11/09/2009
    All other data as of 07/31/2009
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 10/09/2009
    Expense Ratio (based on net assets) 0.92%
    Taken from annual report dated 07/31/2009

  • Fund Management

    Thomas T. Soviero
    Start Date: 07/01/2003
    Soviero is vice president and manager of Fidelity Investments. Since joining Fidelity Investments in 1989, he has worked as a research analyst, manager and director of high yield research. Soviero holds the Chartered Financial Analyst designation.