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FLVEX Fidelity® Large Cap Value Enhanced Index

  • Fund
  • FLVEX
  • Price as of: Sep 16, 2019
  • $13.31 - $0.01 - 0.08%

FLVEX - Profile

Vitals

  • YTD Return 16.7%
  • 3 Yr Annualized Return 6.1%
  • 5 Yr Annualized Return 3.5%
  • Net Assets $3.76 B
  • Holdings in Top 10 23.4%

52 WEEK LOW AND HIGH

$13.31
$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

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 16.7%
  • 3 Yr Annualized Total Return 11.0%
  • 5 Yr Annualized Total Return 7.0%
  • 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 16.7% -8.2% 37.9% 48.10%
1 Yr -3.7% -56.1% 32.6% 32.73%
3 Yr 6.1%* -21.7% 19.5% 23.54%
5 Yr 3.5%* -28.3% 12.4% 18.40%
10 Yr 7.2%* -11.7% 11.5% 27.19%

* Annualized


Return Ranking - Calendar

Period FLVEX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.6% -62.4% 16.7% 25.94%
2017 10.0% -16.4% 21.6% 43.20%
2016 14.3% -27.9% 31.0% 15.59%
2015 -6.7% -43.1% 0.5% 31.95%
2014 10.6% -46.4% 75.9% 10.81%

Total Return Ranking - Trailing

Period FLVEX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.7% -8.2% 37.9% 48.90%
1 Yr 2.9% -33.3% 33.4% 23.59%
3 Yr 11.0%* -10.4% 19.7% 13.31%
5 Yr 7.0%* -7.5% 12.4% 18.92%
10 Yr 11.4%* -5.1% 13.1% 9.70%

* Annualized


Total Return Ranking - Calendar

Period FLVEX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.7% -35.5% 17.4% 17.26%
2017 15.9% -9.5% 24.7% 40.81%
2016 16.3% -1.8% 32.2% 21.27%
2015 -6.0% -25.8% 3.9% 62.89%
2014 14.6% -45.2% 78.4% 3.24%

NAV & Total Return History

FLVEX - Holdings

Concentration Analysis

FLVEX Category Low Category High FLVEX % Rank
Net Assets 3.76 B 1.06 M 79.6 B 16.62%
Number of Holdings 297 18 1222 6.19%
Net Assets in Top 10 880 M -6.31 M 22.6 B 17.60%
Weighting of Top 10 23.39% 6.1% 422.4% 74.83%

Top 10 Holdings

  1. JPMorgan Chase & Co 3.20%

  2. Exxon Mobil Corp 2.58%

  3. Procter & Gamble Co 2.50%

  4. Berkshire Hathaway Inc B 2.40%

  5. AT&T Inc 2.30%

  6. Chevron Corp 2.18%

  7. Intel Corp 2.16%

  8. Verizon Communications Inc 2.13%

  9. Bank of America Corporation 1.98%

  10. Wells Fargo & Co 1.95%


Asset Allocation

Weighting Return Low Return High FLVEX % Rank
Stocks
99.41% 83.80% 130.28% 23.99%
Cash
0.59% -30.29% 11.11% 73.45%
Preferred Stocks
0.00% -0.31% 7.76% 52.02%
Other
0.00% -1.85% 15.84% 51.82%
Convertible Bonds
0.00% -0.01% 2.22% 50.05%
Bonds
0.00% -13.40% 15.32% 52.21%

Stock Sector Breakdown

Weighting Return Low Return High FLVEX % Rank
Financial Services
21.97% 0.00% 55.05% 57.68%
Healthcare
14.30% 0.00% 24.83% 32.28%
Consumer Defense
10.43% 0.00% 38.28% 20.08%
Industrials
9.34% 0.00% 36.88% 54.04%
Technology
8.74% 0.00% 31.53% 61.61%
Consumer Cyclical
7.15% 0.00% 36.78% 59.65%
Energy
7.07% 0.00% 21.03% 71.75%
Communication Services
6.10% 0.00% 12.21% 20.08%
Utilities
4.87% 0.00% 72.42% 53.44%
Real Estate
4.73% 0.00% 16.63% 25.10%
Basic Materials
4.24% 0.00% 26.56% 23.92%

Stock Geographic Breakdown

Weighting Return Low Return High FLVEX % Rank
US
98.43% 80.05% 128.63% 14.75%
Non US
0.98% 0.00% 18.54% 81.91%

FLVEX - Expenses

Operational Fees

FLVEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.39% 0.00% 27.58% 96.31%
Management Fee 0.39% 0.00% 1.35% 8.95%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 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% 788.00% 85.13%

FLVEX - Distributions

Dividend Yield Analysis

FLVEX Category Low Category High FLVEX % Rank
Dividend Yield 0.00% 0.00% 4.65% 95.38%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FLVEX Category Low Category High FLVEX % Rank
Net Income Ratio 2.27% -2.06% 3.68% 11.18%

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

10.63

10.6%

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

9.75

9.8%

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

7.0

7.0%

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

4.92

4.9%

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.


Anna Mitelman Lester

Manager

Start Date

Tenure

Tenure Rank

Jun 30, 2019

0.17

0.2%

Anna Lester joined Geode in 2019, Ms. Lester has worked as a portfolio manager. Prior to joining Geode, Ms. Lester worked at State Street Global Advisors from 2005 to 2019, most recently as senior portfolio manager. Lester holds the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.0

Category High

83.84

Category Average

6.93

Category Mode

0.17