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FVDFX Fidelity® Value Discovery

  • Fund
  • FVDFX
  • Price as of: Aug 08, 2016
  • $24.38
  • + $0.03
  • + 0.12%
  • Category
  • Large Cap Value Equities

FVDFX - Profile

Vitals

  • YTD Return 5.5%
  • 3 Yr Annualized Return 8.8%
  • 5 Yr Annualized Return 12.0%
  • Net Assets $1.94 B
  • Holdings in Top 10 28.1%

52 WEEK LOW AND HIGH

$24.38
$20.65
$24.38

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.84%

SALES FEES

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

BROKERAGE FEES

  • Turnover 45.00%

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 5.5%
  • 3 Yr Annualized Total Return 8.8%
  • 5 Yr Annualized Total Return 12.0%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.69%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name Fidelity® Value Discovery Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Dec 10, 2002
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Sean Gavin

Fund Description

The fund normally invests primarily in common stocks. It invests in securities of companies that Fidelity Management & Research Company (FMR) believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry. The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.

FVDFX - Performance

Return Ranking - Trailing

Period FVDFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.5% -49.0% 20.6% 52.70% 3
1 Yr 0.1% -16.5% 24.9% 60.70% 4
3 Yr 8.8% * -3.3% 12.6% 15.71% 1
5 Yr 12.0% * -0.1% 15.3% 21.92% 2
10 Yr 6.3% * 0.3% 9.5% 32.31% 2

* Annualized


Return Ranking - Calendar

Period FVDFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.3% -47.3% 4.5% 30.89% 2
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 FVDFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.5% -49.0% 20.6% 53.55% 3
1 Yr 0.1% -19.4% 21.9% 51.28% 3
3 Yr 8.8% * -3.3% 12.6% 13.55% 1
5 Yr 12.0% * -0.1% 15.3% 19.08% 1
10 Yr 6.3% * 0.3% 9.5% 30.83% 2

* Annualized


Total Return Ranking - Calendar

Period FVDFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.3% -47.3% 4.5% 30.89% 2
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

FVDFX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

FVDFX Category Low Category High FVDFX % Rank Quintile
Net Assets 1.94 B 273 K 82.2 B 6.47% 2
Number of Holdings 97 1 1019 8.09% 2
Net Assets in Top 10 510 M 0 24.3 B 6.76% 2
Weighting of Top 10 28.1% 0.0% 100.1% 15.70% 3

Top 10 Holdings

  1. Chevron Corp 2.29%
  2. JPMorgan Chase & Co 3.48%
  3. Johnson & Johnson 4.09%
  4. Berkshire Hathaway Inc B 3.25%
  5. Wells Fargo & Co 2.59%
  6. Teva Pharmaceutical Industries Ltd ADR 2.08%
  7. General Electric Co 3.20%
  8. EMC Corp 2.55%
  9. Allergan PLC 2.22%
  10. Apple Inc 2.33%

Asset Allocation

Weighting Category Low Category High FVDFX % Rank Quintile
Stocks
94.64% 0.00% 145.57% 18.55% 4
Cash
5.36% -45.58% 100.00% 4.28% 1
Other
0.00% -2.39% 29.06% 8.28% 4
Convertible Bonds
0.00% 0.00% 6.26% 1.24% 4
Preferred Stocks
0.00% 0.00% 16.29% 3.04% 4
Bonds
0.00% -0.25% 68.80% 3.90% 4

Stock Sector Breakdown

Weighting Category Low Category High FVDFX % Rank Quintile
Financial Services
24.41% 0.00% 41.32% 7.91% 2
Healthcare
17.78% 0.00% 29.91% 3.05% 1
Technology
13.84% 0.00% 28.40% 7.24% 2
Consumer Cyclical
10.97% 0.00% 36.79% 6.29% 1
Industrials
10.76% 0.00% 31.23% 13.54% 3
Energy
5.72% 0.00% 29.15% 22.59% 5
Consumer Defense
3.24% -1.99% 26.19% 24.59% 5
Real Estate
2.52% -0.42% 20.47% 7.91% 2
Basic Materials
2.43% 0.00% 18.87% 14.97% 3
Utilities
1.90% 0.00% 77.60% 18.88% 4
Communication Services
0.24% -0.78% 14.21% 21.54% 5

Stock Geographic Breakdown

Weighting Category Low Category High FVDFX % Rank Quintile
US
84.38% 0.00% 135.19% 23.12% 5
Non US
10.26% 0.00% 97.88% 5.23% 1

FVDFX - Expenses

Operational Fees

FVDFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.84% 0.05% 21.67% 18.17% 2
Management Fee 0.61% 0.00% 1.20% 3.24% 3
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

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

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

FVDFX Fees (% of AUM) Category Low Category High FVDFX Rank Quintile
Turnover 45.00% 0.00% 293.00% 8.94% 3

FVDFX - Distributions

Dividend Yield Analysis

FVDFX Category Low Category High FVDFX % Rank Quintile
Dividend Yield 0.3% 0.00% 3.58% 20.96% 2

Dividend Distribution Analysis

FVDFX Category Low Category High Category Mode
Dividend Distribution Frequency None Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FVDFX Category Low Category High FVDFX % Rank Quintile
Net Income Ratio 2.69% -1.41% 3.44% 2.47% 1

Capital Gain Distribution Analysis

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

FVDFX - Managers

Sean Gavin

Manager

Start Date

Jan 31, 2012

Tenure

4.5

Tenure Rank

8.3%

Since joining Fidelity Investments in 2006, Mr. Gavin has worked as a research analyst and portfolio manager. Prior to that, Gavin was a vice president of Pioneer Investment Management, Inc. Prior to joining Pioneer. He was employed as an analyst at Boston Partners from 2000 to 2002 and at Delphi Management from 1998 to 2000.


Tenure Analysis

Category Low

0.1

Category High

37.9

Category Average

6.92

Category Mode

1.6