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FLVEX Fidelity® Large Cap Value Enhanced Index

  • Fund
  • FLVEX
  • Price as of: Jan 17, 2017
  • $12.03
  • - $0.08
  • - 0.66%
  • Category
  • Large Cap Value Equities

FLVEX - Profile

Vitals

  • YTD Return 0.3%
  • 3 Yr Annualized Return 8.7%
  • 5 Yr Annualized Return 15.1%
  • Net Assets $2.45 B
  • Holdings in Top 10 24.5%

52 WEEK LOW AND HIGH

$12.03
$9.33
$12.32

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.45%

SALES FEES

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

BROKERAGE FEES

  • Turnover 88.00%

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 0.3%
  • 3 Yr Annualized Total Return 8.7%
  • 5 Yr Annualized Total Return 15.1%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.20%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Fidelity® Large Cap Value Enhanced Index Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Apr 19, 2007
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Patrick Waddell

FLVEX - Performance

Return Ranking - Trailing

Period FLVEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.3% -83.3% 12.4% 69.97% 4
1 Yr 16.3% -47.2% 35.7% 24.54% 2
3 Yr 8.7% * -15.3% 14.0% 7.98% 1
5 Yr 15.1% * -0.1% 17.2% 6.75% 1
10 Yr N/A * -1.2% 9.0% N/A N/A

* Annualized


Return Ranking - Calendar

Period FLVEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 14.3% -40.1% 180.5% 12.12% 1
2015 -6.7% -47.3% 9.6% 28.60% 2
2014 10.6% -46.4% 35.3% 10.00% 1
2013 23.9% -13.6% 45.0% 61.14% 4
2012 13.7% -22.7% 35.8% 34.51% 2

Total Return Ranking - Trailing

Period FLVEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.3% -83.3% 9.7% 69.91% 4
1 Yr 16.3% -51.7% 110.4% 19.87% 1
3 Yr 8.7% * -11.2% 19.9% 7.36% 1
5 Yr 15.1% * -0.1% 17.2% 6.09% 1
10 Yr N/A * -1.2% 9.0% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period FLVEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 14.5% -23.8% 187.5% 16.86% 1
2015 -6.0% -26.0% 39.5% 68.85% 4
2014 14.9% -14.3% 57.4% 14.44% 1
2013 38.7% 0.0% 289.2% 54.55% 3
2012 22.3% -21.5% 528.1% 38.26% 2

NAV & Total Return History

FLVEX - Holdings

Filings data as of: Nov 30, 2016

Concentration Analysis

FLVEX Category Low Category High FLVEX % Rank Quintile
Net Assets 2.45 B 273 K 85.8 B 5.52% 2
Number of Holdings 231 1 984 2.95% 1
Net Assets in Top 10 573 M 0 24.7 B 6.76% 2
Weighting of Top 10 24.5% 0.0% 100.1% 21.60% 4

Top 10 Holdings

  1. Exxon Mobil Corp 3.31%
  2. Johnson & Johnson 2.60%
  3. Wells Fargo & Co 2.52%
  4. JPMorgan Chase & Co 2.95%
  5. Procter & Gamble Co 2.15%
  6. AT&T Inc 2.42%
  7. Berkshire Hathaway Inc B 2.02%
  8. Pfizer Inc 1.98%
  9. Bank of America Corporation 2.33%
  10. S&P500 Emini Fut Dec16 Esz6 2.24%

Asset Allocation

Weighting Category Low Category High FLVEX % Rank Quintile
Stocks
93.64% 0.00% 132.05% 20.84% 5
Cash
6.27% -32.05% 100.00% 4.19% 1
Bonds
0.09% -0.07% 72.98% 4.09% 1
Convertible Bonds
0.00% 0.00% 6.90% 1.33% 4
Preferred Stocks
0.00% 0.00% 18.87% 3.52% 4
Other
0.00% -2.71% 25.55% 7.99% 4

Stock Sector Breakdown

Weighting Category Low Category High FLVEX % Rank Quintile
Financial Services
21.06% 0.00% 43.01% 18.30% 4
Healthcare
11.60% 0.00% 29.91% 15.44% 3
Energy
10.51% 0.00% 21.82% 14.11% 3
Technology
10.41% 0.00% 29.49% 17.83% 4
Consumer Defense
7.69% 0.00% 25.28% 13.25% 3
Industrials
7.04% 0.00% 34.62% 24.21% 5
Consumer Cyclical
6.58% 0.00% 35.21% 19.54% 4
Basic Materials
5.24% 0.00% 15.32% 5.34% 1
Utilities
4.30% 0.00% 74.70% 9.72% 2
Communication Services
4.27% 0.00% 11.01% 9.63% 2
Real Estate
2.71% 0.00% 19.44% 7.82% 2

Stock Geographic Breakdown

Weighting Category Low Category High FLVEX % Rank Quintile
US
93.50% 0.00% 132.05% 11.61% 2
Non US
0.14% 0.00% 99.15% 26.07% 5

Bond Sector Breakdown

Weighting Category Low Category High FLVEX % Rank Quintile
Cash & Equivalents
6.36% -32.05% 100.00% 4.00% 1
Securitized
0.00% 0.00% 25.88% 0.67% 4
Derivative
0.00% -0.32% 0.15% 0.48% 4
Corporate
0.00% 0.00% 58.53% 5.52% 4
Municipal
0.00% 0.00% 1.74% 0.48% 4
Government
0.00% 0.00% 28.29% 2.19% 4

Bond Geographic Breakdown

Weighting Category Low Category High FLVEX % Rank Quintile
US
0.09% -0.07% 71.71% 3.71% 1
Non US
0.00% 0.00% 13.74% 1.33% 4

FLVEX - Expenses

Operational Fees

FLVEX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.45% 0.05% 21.67% 21.50% 1
Management Fee 0.30% 0.00% 1.20% 6.09% 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

FLVEX Fees (% of AUM) Category Low Category High FLVEX 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

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

FLVEX Fees (% of AUM) Category Low Category High FLVEX Rank Quintile
Turnover 88.00% 0.00% 229.00% 3.71% 5

FLVEX - Distributions

Dividend Yield Analysis

FLVEX Category Low Category High FLVEX % Rank Quintile
Dividend Yield 0.1% 0.00% 3.58% 73.40% 5

Dividend Distribution Analysis

FLVEX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FLVEX Category Low Category High FLVEX % Rank Quintile
Net Income Ratio 2.20% -1.41% 3.83% 7.23% 1

Capital Gain Distribution Analysis

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

FLVEX - Managers

Patrick Waddell

Manager

Start Date

Apr 19, 2007

Tenure

9.71

Tenure Rank

4.7%

Waddell has been a Portfolio Manager with Geode since July 2006. Previously, he was an Assistant Portfolio Manager with Geode since 2004. In addition to his portfolio management responsibilities, Waddell is responsible for quantitative research and new product development. Prior to joining Geode, he was employed by Fidelity in 1997 and served as a Senior Portfolio Assistant from 2002 to 2004.


Maximilian Kaufmann

Manager

Start Date

Dec 01, 2009

Tenure

7.09

Tenure Rank

6.3%

Maximilian Kaufmann has been a Portfolio Manager with Geode since August 2009. He also serves as a Portfolio Manager for other registered investment companies. In addition to his portfolio management responsibilities, Mr. Kaufmann is responsible for quantitative research and new product development. Prior to joining Geode, Mr. Kaufmann was a Senior Vice President at PanAgora Asset Management from 2003 to 2007 and Lazard Asset Management from 2007 to 2009.


Louis Bottari

Manager

Start Date

Jan 15, 2009

Tenure

7.96

Tenure Rank

5.7%

Mr. Bottari has been an Assistant Portfolio Manager with Geode since May 2008. In addition to his portfolio management responsibilities, he is responsible for quantitative research and new product development. Prior to joining Geode, Bottari was employed by Fidelity in 1991 and served as an Assistant Portfolio Manager with Pyramis Global Advisors from 2005 to 2008.


Peter Matthew

Manager

Start Date

Aug 31, 2012

Tenure

4.34

Tenure Rank

8.6%

Since joining Geode in 2007, Mr. Matthew has worked as a senior operations associate, portfolio manager assistant, and assistant portfolio manager. Prior to joining Geode, Mr. Matthew was employed by eSecLending from 2005 to 2007 and by State Street Corporation from 2001 to 2005.


Shashi Naik

Manager

Start Date

Sep 30, 2014

Tenure

2.25

Tenure Rank

11.0%

Since joining Geode in 2010, Mr. Naik has worked as a portfolio performance analyst and assistant portfolio manager. Prior to joining Geode, Mr. Naik was a quantitative analyst at PanAgora Management from 2007 to 2010.


Tenure Analysis

Category Low

0.0

Category High

38.4

Category Average

7

Category Mode

2.0