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FLVEX Fidelity® Large Cap Value Enhanced Index

  • Fund
  • FLVEX
  • Price as of: May 17, 2019
  • $12.66 - $0.07 - 0.55%
  • Category
  • Large Cap Value Equities

FLVEX - Profile

Vitals

  • YTD Return 11.0%
  • 3 Yr Annualized Return 6.1%
  • 5 Yr Annualized Return 3.9%
  • Net Assets $3.68 B
  • Holdings in Top 10 24.3%

52 WEEK LOW AND HIGH

$12.66
$10.77
$14.04

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.39%

SALES FEES

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

BROKERAGE FEES

  • Turnover 99.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

$2,500

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 11.0%
  • 3 Yr Annualized Total Return 11.0%
  • 5 Yr Annualized Total Return 7.4%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.27%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 Louis Bottari

FLVEX - Performance

Return Ranking - Trailing

Period FLVEX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.0% -3.5% 23.5% 71.73%
1 Yr -4.1% -29.1% 14.0% 36.99%
3 Yr 6.1%* -13.8% 15.5% 20.85%
5 Yr 3.9%* -28.0% 11.5% 16.60%
10 Yr 8.4%* -10.0% 12.7% 27.88%

* Annualized


Return Ranking - Calendar

Period FLVEX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.6% -38.8% 15.7% 29.02%
2017 10.0% -17.9% 37.3% 46.98%
2016 14.3% -7.3% 28.2% 15.01%
2015 -6.7% -47.3% 0.6% 34.97%
2014 10.6% -46.4% 75.9% 11.80%

Total Return Ranking - Trailing

Period FLVEX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.0% -3.5% 23.5% 73.10%
1 Yr 2.5% -29.1% 14.0% 23.54%
3 Yr 11.0%* -9.3% 16.3% 15.58%
5 Yr 7.4%* -9.5% 13.5% 19.82%
10 Yr 12.7%* -4.0% 15.5% 11.35%

* Annualized


Total Return Ranking - Calendar

Period FLVEX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.7% -32.1% 15.7% 15.69%
2017 15.9% -7.9% 38.3% 41.96%
2016 16.3% -7.3% 29.2% 22.70%
2015 -6.0% -26.2% 4.7% 60.98%
2014 14.6% -45.2% 78.4% 2.75%

NAV & Total Return History

FLVEX - Holdings

Concentration Analysis

FLVEX Category Low Category High FLVEX % Rank
Net Assets 3.68 B 1.47 M 117 B 21.89%
Number of Holdings 246 18 1796 9.08%
Net Assets in Top 10 925 M 81.8 K 32.2 B 22.26%
Weighting of Top 10 24.30% 8.7% 74.3% 71.89%

Top 10 Holdings

  1. Exxon Mobil Corp 3.05%

  2. JPMorgan Chase & Co 2.89%

  3. Johnson & Johnson 2.60%

  4. Procter & Gamble Co 2.44%

  5. Intel Corp 2.32%

  6. Cisco Systems Inc 2.30%

  7. Chevron Corp 2.24%

  8. Pfizer Inc 2.24%

  9. AT&T Inc 2.15%

  10. Berkshire Hathaway Inc B 2.08%


Asset Allocation

Weighting Return Low Return High FLVEX % Rank
Stocks
99.05% 6.24% 117.77% 23.26%
Cash
0.84% -17.77% 40.48% 76.37%
Bonds
0.10% -0.04% 43.37% 12.44%
Preferred Stocks
0.00% 0.00% 16.57% 45.77%
Other
0.00% -0.77% 2.43% 40.30%
Convertible Bonds
0.00% 0.00% 77.39% 39.18%

Stock Sector Breakdown

Weighting Return Low Return High FLVEX % Rank
Financial Services
18.51% 0.89% 39.05% 71.70%
Healthcare
16.87% 0.00% 25.25% 12.34%
Technology
11.42% 0.00% 35.17% 36.66%
Consumer Defense
7.90% 0.00% 27.68% 47.88%
Industrials
7.87% 0.00% 37.45% 70.57%
Energy
7.80% 0.00% 24.02% 74.31%
Consumer Cyclical
7.50% 0.00% 46.05% 45.14%
Communication Services
6.41% 0.00% 12.35% 19.45%
Utilities
5.81% 0.00% 71.85% 29.05%
Basic Materials
4.95% 0.00% 17.14% 16.96%
Real Estate
3.99% 0.00% 33.69% 35.16%

Stock Geographic Breakdown

Weighting Return Low Return High FLVEX % Rank
US
98.41% 0.17% 117.77% 9.45%
Non US
0.64% 0.00% 99.26% 91.17%

Bond Sector Breakdown

Weighting Return Low Return High FLVEX % Rank
Cash & Equivalents
0.84% -17.77% 71.79% 76.87%
Government
0.10% 0.00% 5.30% 4.85%
Derivative
0.00% -0.89% 0.02% 33.21%
Securitized
0.00% 0.00% 25.23% 35.32%
Corporate
0.00% 0.00% 92.36% 49.50%
Municipal
0.00% 0.00% 1.33% 34.70%

Bond Geographic Breakdown

Weighting Return Low Return High FLVEX % Rank
US
0.10% -0.04% 34.69% 12.44%
Non US
0.00% 0.00% 8.83% 37.94%

FLVEX - Expenses

Operational Fees

FLVEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.39% 0.03% 8.83% 96.51%
Management Fee 0.39% 0.00% 1.20% 11.57%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

FLVEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FLVEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 99.00% 0.00% 258.00% 84.58%

FLVEX - Distributions

Dividend Yield Analysis

FLVEX Category Low Category High FLVEX % Rank
Dividend Yield 0.00% 0.00% 0.10% 93.66%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FLVEX Category Low Category High FLVEX % Rank
Net Income Ratio 2.27% -2.85% 3.22% 7.47%

Capital Gain Distribution Analysis

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

FLVEX - Managers

Louis Bottari

Manager

Start Date

Tenure

Tenure Rank

Jan 15, 2009

10.29

10.3%

Mr. Bottari has worked as an assistant portfolio manager, portfolio manager, and senior 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.


Maximilian Kaufmann

Manager

Start Date

Tenure

Tenure Rank

Dec 01, 2009

9.42

9.4%

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.


Peter Matthew

Manager

Start Date

Tenure

Tenure Rank

Aug 31, 2012

6.67

6.7%

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

Tenure

Tenure Rank

Sep 30, 2014

4.58

4.6%

Since joining Geode in 2010, Mr. Naik has worked as a portfolio performance analyst, assistant portfolio manager, and 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

35.36

Category Average

7.83

Category Mode

0.23