Fidelity Convertible Securities Fund
Fidelity Financial Trust · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Fidelity Convertible Securities Fund is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- High yield
- Rate sensitivity
- Short duration
Fund profile
As filed in the prospectus · 2026 Q1
Fidelity Convertible Securities Fund seeks a high level of total return through a combination of current income and capital appreciation.
The fund invests at least 80% of assets in convertible securities—bonds, preferred stocks, and other debt instruments convertible into common stock—selecting them through fundamental analysis of issuer financial condition, industry position, and market conditions. The fund may also hold common stocks and other securities, and may use derivatives to gain exposure to convertible securities or associated market risks. Because security selection depends on the manager's analysis rather than a fixed rule, results will diverge from any benchmark.
| Share class | Expense ratio |
|---|---|
| FCVSX | 0.64% |
| FACVX | 0.94% |
| FCCVX | 1.71% |
| FTCVX | 1.19% |
| FICVX | 0.68% |
| FIQVX | 0.55% |
Portfolio turnover 89.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 77.15% |
| Stocks | 19.32% |
| Cash & short-term | 3.33% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 38.2% |
| Other | 9.6% |
| Industrials | 8.8% |
| Health Care | 7.6% |
| 10 smaller | 35.8% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: ORACLE CORP, COREWEAVE INC, AKAMAI TECHNOLOGIES INC, SEAGATE TECHNOLOGY HOLDINGS PLC, NEXTERA ENERGY INC, LIBERTY LIVE HOLDINGS INC, DUKE ENERGY CORP NEW, ASST
Largest exited: LUMENTUM HOLDINGS INC ×2, AKAMAI TECHNOLOGIES INC, VENTAS RLTY LTD PARTNERSHIP, SEAGATE HDD CAYMAN, LIBERTY LIVE HOLDINGS INC, FORD MOTOR CO, DUKE ENERGY CORP NEW
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +39.82% | +69.85% | +51.42% | 12.83% | -8.35% | |
| +39.38% | -54.26% | -90.22% | 12.82% | -67.72% | |
| +38.32% | +32.52% | -8.71% | 12.81% | -11.36% | |
| +39.05% | -23.68% | -71.40% | 12.82% | -46.00% | |
| +39.70% | +69.65% | +51.15% | 12.80% | -8.37% | |
| +39.89% | +70.26% | +52.00% | 12.81% | -8.37% |
These classes hold the same portfolio, so the 142.22pp spread over 5 years is the cost difference between them — roughly 28.44pp a year — not a difference in what they own.
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 99.2% |
| Floating rate | 0.8% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 3.9% |
| 1-3y | 33.6% |
| 3-5y | 41.6% |
| 5-10y | 20.3% |
| 10y+ | 0.6% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 51% |
| Interest rates | 49% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +2.41 yr |
| Investment grade | +0.35 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.63 yr | 24% |
| 5 yr | 1.80 yr | 68% |
| 10 yr | 0.21 yr | 8% |
30 yr is NEGATIVE (-0.00 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.13 yr | 5% |
| 1 yr | 0.75 yr | 27% |
| 5 yr | 1.72 yr | 62% |
| 10 yr | 0.15 yr | 6% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.00 | +0.13 | $534 | $34.8k |
| 1 yr | +0.63 | +0.18 | +0.57 | $48.5k | $150.1k |
| 5 yr | +1.80 | +0.16 | +1.56 | $42.0k | $412.7k |
| 10 yr | +0.21 | +0.00 | +0.15 | $377 | $40.3k |
| 30 yr | -0.00 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | WESTERN DIGITAL CORP3.00% · due 2028-11-15 | 5.73% | — | $151.48M | — |
| — | Fidelity Revere Street Trust | 3.24% | — | $85.74M | — |
| — | BOEING CO | 2.13% | $72.48 | $56.22M | 775.7K |
| — | ORACLE CORP | 1.63% | $64.45 | $43.15M | 669.5K |
| — | LUMENTUM HOLDINGS INC0.38% · due 2032-03-15 | 1.47% | — | $38.90M | — |
| — | LUMENTUM HOLDINGS INC0.50% · due 2028-06-15 | 1.41% | — | $37.17M | — |
| — | COREWEAVE INC1.75% · due 2032-10-01 | 1.20% | — | $31.67M | — |
| — | WELLTOWER OP LLC2.75% · due 2028-05-15 | 1.12% | — | $29.52M | — |
| — | WELLS FARGO and CO | 1.11% | $1,172.31 | $29.45M | 25.1K |
| — | GAMESTOP CORP NEW0.00% · due 2032-06-15 | 1.10% | — | $29.15M | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
Top 10 positions are 20.14% of net assets, top 25 32.26%, across 271 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
Sign in free