Investment objective & strategy
As of Jan. 26, 2026 · prospectusObjective. Fidelity Convertible Securities Fund seeks a high level of total return through a combination of current income and capital appreciation.
Strategy. Normally investing at least 80% of assets in convertible securities. Convertible securities are bonds, preferred stocks, and other securities that pay interest or dividends and are convertible into common stocks or its equivalent value. Derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Potentially investing in other types of securities, including common stocks. Investing in domestic and foreign issuers. Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. Normally investing at least 80% of assets in convertible securities. Convertible securities are bonds, preferred stocks, and other securities that pay interest or dividends and are convertible into common stocks or its equivalent value. Derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Potentially investing in other types of securities, including common stocks. Investing in domestic and foreign issuers. Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| WESTERN DIGITAL CORPORATION SR UNSEC CV 3.0% 11-15-28 | WDC | $77.35M | 3.43% |
| Boeing Co. (The), Conv. Pfd. | — | $54.86M | 2.44% |
| DHT HOLDINGS INC | DHT | $39.56M | 1.76% |
| LUMENTUM HOLDINGS INC SR UNSECURED 12/29 1.5 | LITE | $37.73M | 1.68% |
| Lumentum Holdings Inc., Conv. | LITE | $33.13M | 1.47% |
| WELLTOWER OP LLC CV 144A SR UNSEC 2.75% 05-15-28 | WELL | $31.00M | 1.38% |
| Wells Fargo & Co., Series L, Conv. Pfd. | — | $30.94M | 1.37% |
| GME 0 06/15/32 | GME | $30.18M | 1.34% |
| Lumentum Holdings, Inc. | — | $29.49M | 1.31% |
| Fidelity Cash Central Fund | — | $24.54M | 1.09% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| 1290 VT Convertible Securities Portfolio | 68% | 0.65% |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF · CWB | 68% | 0.40% |
| iShares Convertible Bond ETF · ICVT | 63% | 0.20% |
Advisers
| Firm | Role |
|---|---|
| FMR Investment Management (UK) Limited | Sub-adviser |
| Fidelity Management & Research (Japan) Limited | Sub-adviser |
| Fidelity Management & Research (Hong Kong) Limited | Sub-adviser |
| Fidelity Management & Research Company LLC | Adviser |
Footnotes
- Expense ratio as of January 26, 2026, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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