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Fidelity Capital & Income Message Board

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  • Reply to

    NAV

    by sahadeepac Aug 30, 2014 4:00 PM

    See Slow Moving

  • I've owned this fund for a number of years and here is what I've gleaned. First , it a fund , as such it an average of all of its component parts. So it only moves as the average does .... Slowly. Second they do not update the NAV every day as far as I can see. Once again since it's a fund they have no obligation to or a daily basis. Third because of this NAV always lags what the market is doing. There are also restrictions on trading due to the time lag in the execution of their buys and sells. All this tends to make the official NAV move very slowly even if some of the component parts move a lot. You can get a jump on the index only in a general way and that is to look at the components and make a judgement call as to the effect of a major economic change and buy at the NAV before they do the next update, in effect locking in the old NAV. Needless to say they don't like it because it violates their view that they are a long term buy only. Of course if they would update their NAV on a daily basis this advantage would disappear. And would mean it a trading stock not a long hold stock. I hope this helps!!

    Sentiment: Buy

  • Why no movement in NAV in two weeks? Anything wrong?

FAGIX
10.01+0.09(+0.91%)Oct 21 6:24 PMEDT

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