Fidelity Capital and Income Fund (FAGIX)
Fidelity Capital and Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $11.38, up 0.26% on the session, giving a market capitalisation of $16.29B. Its beta of 0.60 implies it has historically moved less than the broad market.
This fund allocates capital across a diverse range of stocks and bonds, including those that have defaulted on their obligations. A primary focus of its debt holdings is on lower-rated, higher-yielding securities. It targets investments in companies currently experiencing financial difficulties or operating in unpredictable economic situations. The portfolio has a global scope, encompassing both U.S. and international entities. The investment manager relies on fundamental research, meticulously assessing each issuer's financial stability, its competitive standing within its sector, and prevailing market and economic trends to guide its investment selections.
Fidelity Capital and Income Fund is most often compared with the following Financial Services names: