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FEQIX Fidelity® Equity-Income

  • Fund
  • FEQIX
  • Price as of: Aug 08, 2016
  • $54.78
  • + $0.08
  • + 0.15%
  • Category
  • Large Cap Value Equities

FEQIX - Profile

Vitals

  • YTD Return 7.2%
  • 3 Yr Annualized Return 6.8%
  • 5 Yr Annualized Return 10.1%
  • Net Assets $8.06 B
  • Holdings in Top 10 28.8%

52 WEEK LOW AND HIGH

$54.78
$45.70
$55.96

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.64%

SALES FEES

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

BROKERAGE FEES

  • Turnover 46.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Large Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Value

Distributions

  • YTD Total Return 7.2%
  • 3 Yr Annualized Total Return 6.8%
  • 5 Yr Annualized Total Return 10.1%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.55%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Fidelity® Equity Income Fund
  • Fund Family Name Fidelity Investments
  • Inception Date May 16, 1966
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager James Morrow

Fund Description

The fund normally invests at least 80% of assets in equity securities. It primarily invests income-producing equity securities, which tends to lead to investments in large cap "value" stocks. The fund invests in domestic and foreign issuers. It potentially invests in other types of equity securities and debt securities, including lower-quality debt securities.

FEQIX - Performance

Return Ranking - Trailing

Period FEQIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.2% -49.0% 20.6% 35.04% 2
1 Yr 3.0% -16.5% 24.9% 33.02% 2
3 Yr 6.8% * -3.3% 12.6% 56.78% 3
5 Yr 10.1% * -0.1% 15.3% 64.99% 4
10 Yr 4.9% * 0.3% 9.5% 69.42% 4

* Annualized


Return Ranking - Calendar

Period FEQIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -14.0% -47.3% 4.5% 74.01% 4
2014 N/A -10.5% 7.1% N/A N/A
2013 N/A 23.2% 38.5% N/A N/A
2012 N/A 9.9% 35.8% N/A N/A
2011 N/A -34.9% 7.5% N/A N/A

Total Return Ranking - Trailing

Period FEQIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.2% -49.0% 20.6% 35.50% 2
1 Yr 3.0% -19.4% 21.9% 27.59% 2
3 Yr 6.8% * -3.3% 12.6% 48.56% 3
5 Yr 10.1% * -0.1% 15.3% 59.87% 3
10 Yr 4.9% * 0.3% 9.5% 66.21% 4

* Annualized


Total Return Ranking - Calendar

Period FEQIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -14.0% -47.3% 4.5% 74.01% 4
2014 N/A -10.5% 8.7% N/A N/A
2013 N/A 31.7% 41.8% N/A N/A
2012 N/A 13.8% 43.8% N/A N/A
2011 N/A -37.1% 12.6% N/A N/A

NAV & Total Return History

FEQIX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

FEQIX Category Low Category High FEQIX % Rank Quintile
Net Assets 8.06 B 273 K 82.2 B 2.57% 1
Number of Holdings 185 1 1019 3.81% 1
Net Assets in Top 10 2.23 B 0 24.3 B 2.28% 1
Weighting of Top 10 28.8% 0.0% 100.1% 14.75% 3

Top 10 Holdings

  1. JPMorgan Chase & Co 3.74%
  2. Chevron Corp 4.36%
  3. General Electric Co 2.90%
  4. Johnson & Johnson 2.84%
  5. Procter & Gamble Co 3.74%
  6. United Parcel Service Inc Class B 2.67%
  7. Cisco Systems Inc 2.53%
  8. Verizon Communications Inc 2.20%
  9. Exelon Corp 1.96%
  10. Medtronic PLC 1.81%

Asset Allocation

Weighting Category Low Category High FEQIX % Rank Quintile
Stocks
96.78% 0.00% 145.57% 13.61% 4
Cash
3.05% -45.58% 100.00% 9.42% 2
Bonds
0.17% -0.25% 68.80% 2.95% 1
Convertible Bonds
0.00% 0.00% 6.26% 1.24% 4
Preferred Stocks
0.00% 0.00% 16.29% 3.04% 4
Other
0.00% -2.39% 29.06% 8.28% 4

Stock Sector Breakdown

Weighting Category Low Category High FEQIX % Rank Quintile
Financial Services
20.90% 0.00% 41.32% 15.92% 3
Industrials
12.40% 0.00% 31.23% 8.01% 2
Energy
11.99% 0.00% 29.15% 8.77% 2
Healthcare
11.58% 0.00% 29.91% 18.88% 4
Technology
10.42% 0.00% 28.40% 16.30% 3
Consumer Defense
8.60% -1.99% 26.19% 12.01% 3
Consumer Cyclical
6.60% 0.00% 36.79% 17.92% 4
Communication Services
5.63% -0.78% 14.21% 4.96% 2
Utilities
5.14% 0.00% 77.60% 9.44% 2
Real Estate
1.92% -0.42% 20.47% 10.39% 2
Basic Materials
1.27% 0.00% 18.87% 20.31% 5

Stock Geographic Breakdown

Weighting Category Low Category High FEQIX % Rank Quintile
US
89.23% 0.00% 135.19% 18.36% 4
Non US
7.55% 0.00% 97.88% 9.61% 2

Bond Sector Breakdown

Weighting Category Low Category High FEQIX % Rank Quintile
Cash & Equivalents
3.06% -45.58% 100.00% 9.42% 2
Corporate
0.17% 0.00% 64.80% 4.28% 1
Municipal
0.00% 0.00% 1.16% 0.48% 4
Government
0.00% 0.00% 23.55% 2.00% 4
Securitized
0.00% 0.00% 24.61% 0.57% 4
Derivative
-0.01% -0.31% 0.00% 0.19% 5

Bond Geographic Breakdown

Weighting Category Low Category High FEQIX % Rank Quintile
US
0.09% -0.25% 54.49% 2.85% 1
Non US
0.08% 0.00% 14.87% 1.05% 1

FEQIX - Expenses

Operational Fees

FEQIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.64% 0.05% 21.67% 20.08% 1
Management Fee 0.45% 0.00% 1.20% 4.66% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.50% N/A N/A

Sales Fees

FEQIX Fees (% of AUM) Category Low Category High FEQIX Rank Quintile
Front Load N/A 1.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

FEQIX Fees (% of AUM) Category Low Category High FEQIX 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.

FEQIX Fees (% of AUM) Category Low Category High FEQIX Rank Quintile
Turnover 46.00% 0.00% 293.00% 8.85% 3

FEQIX - Distributions

Dividend Yield Analysis

FEQIX Category Low Category High FEQIX % Rank Quintile
Dividend Yield 1.1% 0.00% 3.58% 0.74% 1

Dividend Distribution Analysis

FEQIX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FEQIX Category Low Category High FEQIX % Rank Quintile
Net Income Ratio 2.55% -1.41% 3.44% 3.43% 1

Capital Gain Distribution Analysis

FEQIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Daily Annually

FEQIX - Managers

James Morrow

Lead Manager

Start Date

Oct 31, 2011

Tenure

4.75

Tenure Rank

8.0%

James Morrow is lead portfolio manager of Fidelity Equity-Income Fund, which he has managed since October 2011. He also manages other Fidelity funds. Since joining Fidelity Investments in 1999, Mr. Morrow has worked as a research analyst and portfolio manager.


Adam Kramer

Manager

Start Date

Oct 31, 2011

Tenure

4.75

Tenure Rank

8.0%

Adam Kramer is co-manager of Fidelity Funds, which he has managed since October 2011. Since joining Fidelity Investments in 2000, Mr. Kramer has worked as a research analyst, a portfolio assistant, and a portfolio manager.


Ramona Persaud

Manager

Start Date

Oct 31, 2011

Tenure

4.75

Tenure Rank

8.0%

Ramona Persaud is co-manager of Fidelity Equity-Income Fund, which she has managed since October 2011. Since joining Fidelity Investments in 2003, Ms. Persaud has worked as a research analyst and portfolio manager.


Tenure Analysis

Category Low

0.1

Category High

37.9

Category Average

6.92

Category Mode

1.6