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FDVLX Fidelity® Value

  • Fund
  • FDVLX
  • Price as of: Aug 08, 2016
  • $104.55
  • + $0.23
  • + 0.22%
  • Category
  • Mid Cap Value Equities

FDVLX - Profile

Vitals

  • YTD Return 9.2%
  • 3 Yr Annualized Return 8.2%
  • 5 Yr Annualized Return 11.9%
  • Net Assets $7.97 B
  • Holdings in Top 10 15.3%

52 WEEK LOW AND HIGH

$104.55
$82.84
$112.54

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.79%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 80.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Mid Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Mid-Cap Value

Distributions

  • YTD Total Return 9.2%
  • 3 Yr Annualized Total Return 8.2%
  • 5 Yr Annualized Total Return 11.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.02%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Fidelity® Value Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Dec 01, 1978
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Justin Bennett

Fund Description

The Fidelity Value Fund (FDVLX) is a low-cost, actively managed mutual fund that aims to grow capital by investing in domestic large-cap stocks that are deemed to be undervalued. FDVLX’s management uses deep research methodologies to uncover those stocks that are underappreciated by the market and that are high-quality and possess strong competitive positions. Typically, low price-to-earnings metrics are used by the fund. There are no sector requirements.

Given its low costs and focus on value, FDVLX makes a great choice for investors looking to overweight value in their equity portfolios. The fund is internally manage by Fidelity.

FDVLX - Performance

Return Ranking - Trailing

Period FDVLX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 9.2% -22.1% 16.5% 36.43% 2
1 Yr -0.4% -23.6% 21.3% 66.27% 4
3 Yr 8.2% * -9.8% 12.9% 35.28% 2
5 Yr 11.9% * -4.5% 14.8% 23.80% 2
10 Yr 6.7% * -0.9% 11.6% 63.69% 4

* Annualized


Return Ranking - Calendar

Period FDVLX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -15.5% -30.4% 5.4% 71.43% 4
2014 N/A 0.6% 1.6% N/A N/A
2013 N/A 25.2% 34.4% N/A N/A
2012 N/A 10.6% 12.9% N/A N/A
2011 N/A -6.9% -0.9% N/A N/A

Total Return Ranking - Trailing

Period FDVLX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 9.2% -22.1% 16.5% 37.41% 2
1 Yr -0.4% -27.5% 16.3% 55.42% 3
3 Yr 8.2% * -10.8% 12.9% 29.97% 2
5 Yr 11.9% * -5.6% 14.8% 20.68% 2
10 Yr 6.7% * -0.9% 11.6% 61.15% 4

* Annualized


Total Return Ranking - Calendar

Period FDVLX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -15.5% -30.4% 5.4% 71.50% 4
2014 N/A 0.6% 6.8% N/A N/A
2013 N/A 39.2% 45.1% N/A N/A
2012 N/A 17.0% 24.0% N/A N/A
2011 N/A -0.6% 1.0% N/A N/A

NAV & Total Return History

FDVLX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

FDVLX Category Low Category High FDVLX % Rank Quintile
Net Assets 7.97 B 313 K 40 B 2.36% 1
Number of Holdings 272 20 2667 1.65% 1
Net Assets in Top 10 1.22 B 105 K 9.25 B 2.83% 1
Weighting of Top 10 15.3% 6.5% 70.0% 26.18% 4

Top 10 Holdings

  1. Sempra Energy 2.68%
  2. Edison International 2.11%
  3. AECOM 1.21%
  4. Berkshire Hathaway Inc B 1.27%
  5. US Bancorp 1.12%
  6. Xcel Energy Inc 2.29%
  7. Equity Lifestyle Properties Inc 1.12%
  8. Jazz Pharmaceuticals PLC 1.00%
  9. Discover Financial Services 1.13%
  10. American Electric Power Co Inc 1.38%

Asset Allocation

Weighting Category Low Category High FDVLX % Rank Quintile
Stocks
96.54% 51.16% 120.34% 15.80% 3
Cash
3.22% -0.15% 47.44% 13.92% 2
Convertible Bonds
0.19% 0.00% 2.18% 1.89% 1
Other
0.06% -20.92% 6.98% 5.90% 2
Preferred Stocks
0.00% 0.00% 12.59% 3.30% 5
Bonds
0.00% -0.05% 20.79% 3.77% 4

Stock Sector Breakdown

Weighting Category Low Category High FDVLX % Rank Quintile
Financial Services
18.05% 0.00% 37.79% 18.63% 4
Industrials
11.51% 0.00% 44.87% 19.34% 4
Consumer Cyclical
11.37% 0.00% 32.31% 19.81% 3
Utilities
11.03% -0.07% 16.79% 3.54% 1
Technology
9.97% 0.00% 25.34% 14.39% 3
Real Estate
9.12% -1.31% 51.75% 10.14% 2
Energy
6.83% -2.51% 37.42% 17.92% 4
Healthcare
6.04% 0.00% 18.44% 17.45% 3
Basic Materials
4.80% 0.00% 19.17% 15.09% 3
Consumer Defense
4.01% 0.00% 16.10% 18.63% 4
Communication Services
2.66% 0.00% 6.84% 4.01% 1

Stock Geographic Breakdown

Weighting Category Low Category High FDVLX % Rank Quintile
US
86.48% 42.66% 120.34% 25.71% 5
Non US
10.06% -0.17% 34.24% 2.12% 1

FDVLX - Expenses

Operational Fees

FDVLX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.79% 0.08% 19.64% 37.26% 1
Management Fee 0.61% 0.04% 1.26% 7.78% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.01% 0.40% N/A N/A

Sales Fees

FDVLX Fees (% of AUM) Category Low Category High FDVLX Rank Quintile
Front Load N/A 3.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

FDVLX Fees (% of AUM) Category Low Category High FDVLX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FDVLX Fees (% of AUM) Category Low Category High FDVLX Rank Quintile
Turnover 80.00% 4.00% 493.00% 5.90% 4

FDVLX - Distributions

Dividend Yield Analysis

FDVLX Category Low Category High FDVLX % Rank Quintile
Dividend Yield 0.9% 0.00% 2.23% 1.49% 1

Dividend Distribution Analysis

FDVLX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FDVLX Category Low Category High FDVLX % Rank Quintile
Net Income Ratio 1.02% -3.26% 5.97% 13.68% 2

Capital Gain Distribution Analysis

FDVLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

FDVLX - Managers

Justin Bennett

Manager

Start Date

Jun 07, 2010

Tenure

6.15

Tenure Rank

8.5%

Bennett is a portfolio manager with Fidelity Investments. He joined Fidelity Investments as a research analyst in August 2005. Previously, he was an equity research associate at Morgan Stanley.


Laurie M. Bertner

Manager

Start Date

Jun 07, 2010

Tenure

6.15

Tenure Rank

8.5%

Prior to joining Fidelity Investments in 2008 as a research analyst, Ms. Bertner served as a vice president for T. Rowe Price Group, which she joined in 2000.


Katherine Buck

Manager

Start Date

Jan 01, 2011

Tenure

5.58

Tenure Rank

9.2%

Ms. Buck has worked as a research analyst and portfolio manager of Fidelity. Before joined fidelity, he worked in Wayne Hummer Management as a portfolio manager in May 2008. From March 2006 until December 2007, she was employed as a small cap value portfolio manager for Magnetar Capital LLC, a multi-strategy hedge fund. In that capacity she managed capital within the hedge fund and also launched a fund for outside investors in July 2007, which ceased operations in February 2008. Buck spent the first 10 years of her career at Fidelity Management & Research in Boston.


Stephen Barwikowski

Manager

Start Date

Jun 07, 2010

Tenure

6.15

Tenure Rank

8.5%

Stephen Barwikowski is a portfolio manager with Fidelity. Since joining Fidelity Investments in 1999, Mr. Barwikowski has worked as both a research associate and research analyst in FMRCo's High Income division.


John Mirshekari

Manager

Start Date

Jun 07, 2010

Tenure

6.15

Tenure Rank

8.5%

Since joining Fidelity Investments in 2003, Mr. Mirshekari has worked as a research analyst and portfolio manager.


Shadman Riaz

Manager

Start Date

Jun 07, 2010

Tenure

6.15

Tenure Rank

8.5%

Shadman Riaz is co-manager of Series Small Cap Opportunities Fund, which he has managed since October 2009. Since joining Fidelity Investments in 2001, Mr. Riaz has served as a research analyst and portfolio manager.


Matthew Friedman

Manager

Start Date

May 13, 2010

Tenure

6.22

Tenure Rank

8.4%

Friedman joined Fidelity Investments in 2000, working as a research analyst and portfolio manager. Prior to joining Fidelity, Friedman was an investment banking analyst for Lehman Brothers in New York. Friedman holds the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.0

Category High

27.9

Category Average

6.94

Category Mode

1.6