FVCIX: Fidelity® Flex Large Cap Value II Fund

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FVCIX Fidelity® Flex Large Cap Value II Fund


Profile

FVCIX - Profile

Vitals

  • YTD Return -11.4%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $21.7 M
  • Holdings in Top 10 21.5%

52 WEEK LOW AND HIGH

$9.59
$6.96
$10.99

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.01%

SALES FEES

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

BROKERAGE FEES

  • Turnover 134.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -11.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.63%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Fidelity® Flex Large Cap Value II Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Jun 27, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Maximilian Kaufmann

Fund Description

The fund normally invests at least 80% of assets in stocks of companies with large market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 1000® Value Index or the S&P 500® Index). The advisor generally uses computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the Russell 1000® Value Index.


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Categories

Fund Company Quick Screens

FVCIX - Fund Company Quick Screens


Performance

FVCIX - Performance

Return Ranking - Trailing

Period FVCIX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.4% -46.3% 242.8% 37.32%
1 Yr -6.9% -47.7% 228.5% 28.36%
3 Yr N/A* -23.9% 45.6% N/A
5 Yr N/A* -20.6% 29.7% N/A
10 Yr N/A* -14.4% 17.6% N/A

* Annualized

Return Ranking - Calendar

Period FVCIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -32.1% 48.5% N/A
2018 N/A -62.4% 16.7% N/A
2017 N/A -16.4% 24.6% N/A
2016 N/A -27.9% 31.0% N/A
2015 N/A -43.1% 1.3% N/A

Total Return Ranking - Trailing

Period FVCIX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.4% -46.3% 242.8% 37.32%
1 Yr -6.9% -47.7% 228.5% 28.36%
3 Yr N/A* -23.5% 55.9% N/A
5 Yr N/A* -14.0% 37.9% N/A
10 Yr N/A* -5.4% 17.6% N/A

* Annualized

Total Return Ranking - Calendar

Period FVCIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -32.1% 48.5% N/A
2018 N/A -37.1% 17.4% N/A
2017 N/A -9.5% 28.4% N/A
2016 N/A -27.9% 32.2% N/A
2015 N/A -28.9% 3.9% N/A

NAV & Total Return History


Holdings

FVCIX - Holdings

Concentration Analysis

FVCIX Category Low Category High FVCIX % Rank
Net Assets 21.7 M 400 K 84.1 B 91.15%
Number of Holdings 350 1 1110 5.84%
Net Assets in Top 10 4.22 M 68.9 K 19.2 B 94.25%
Weighting of Top 10 21.49% 6.8% 186.4% 82.15%

Top 10 Holdings

  1. Fidelity Revere Str Tr 2.83%
  2. Berkshire Hathaway Inc Class B 2.81%
  3. Johnson & Johnson 2.51%
  4. E-mini S&P 500 Future Sept 20 2.50%
  5. JPMorgan Chase & Co 2.38%
  6. Verizon Communications Inc 2.05%
  7. Procter & Gamble Co 1.66%
  8. Walmart Inc 1.66%
  9. Bank of America Corp 1.59%
  10. AT&T Inc 1.50%

Asset Allocation

Weighting Return Low Return High FVCIX % Rank
Stocks
97.17% 81.40% 145.03% 76.55%
Cash
2.83% -129.21% 18.17% 18.25%
Preferred Stocks
0.00% 0.00% 15.00% 86.86%
Other
0.00% -1.57% 90.90% 85.49%
Convertible Bonds
0.00% 0.00% 6.27% 86.22%
Bonds
0.00% 0.00% 60.26% 86.86%

Stock Sector Breakdown

Weighting Return Low Return High FVCIX % Rank
Financial Services
19.51% 0.00% 60.93% 46.97%
Healthcare
14.87% 0.00% 37.21% 54.32%
Technology
10.87% 0.00% 32.15% 58.64%
Industrials
10.20% 0.00% 45.45% 64.89%
Communication Services
10.14% 0.00% 21.24% 14.25%
Consumer Defense
9.33% 0.00% 31.06% 40.72%
Consumer Cyclical
6.73% 0.00% 30.92% 49.54%
Utilities
4.80% 0.00% 47.14% 54.60%
Basic Materials
4.70% 0.00% 18.84% 25.64%
Energy
4.50% 0.00% 93.48% 63.33%
Real Estate
4.35% 0.00% 12.92% 28.03%

Stock Geographic Breakdown

Weighting Return Low Return High FVCIX % Rank
US
95.49% 76.16% 143.73% 39.32%
Non US
1.68% 0.00% 18.17% 73.36%

Expenses

FVCIX - Expenses

Operational Fees

FVCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.01% 0.00% 19.26% 99.91%
Management Fee 0.00% 0.00% 1.50% 0.46%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

FVCIX 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

FVCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

FVCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 134.00% 0.00% 462.00% 93.00%

Distributions

FVCIX - Distributions

Dividend Yield Analysis

FVCIX Category Low Category High FVCIX % Rank
Dividend Yield 0.26% 0.00% 8.64% 2.83%

Dividend Distribution Analysis

FVCIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

FVCIX Category Low Category High FVCIX % Rank
Net Income Ratio 2.63% -0.69% 5.26% 6.02%

Capital Gain Distribution Analysis

FVCIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

FVCIX - Fund Manager Analysis

Managers

Maximilian Kaufmann


Start Date

Tenure

Tenure Rank

Jun 27, 2019

1.18

1.2%

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


Start Date

Tenure

Tenure Rank

Jun 27, 2019

1.18

1.2%

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.

Louis Bottari


Start Date

Tenure

Tenure Rank

Jun 30, 2019

1.17

1.2%

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.

Shashi Naik


Start Date

Tenure

Tenure Rank

Jun 30, 2019

1.17

1.2%

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 Lester


Start Date

Tenure

Tenure Rank

Jun 30, 2019

1.17

1.2%

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 Category High Category Average Category Mode
0.08 84.84 7.33 4.96