FVDFX: Fidelity® Value Discovery

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FVDFX Fidelity® Value Discovery

  • Fund
  • FVDFX
  • Price as of: Nov 20, 2019
  • $29.72 - $0.09 - 0.30%

FVDFX - Profile

Vitals

  • YTD Return 18.1%
  • 3 Yr Annualized Return 9.4%
  • 5 Yr Annualized Return 6.5%
  • Net Assets $2.47 B
  • Holdings in Top 10 27.6%

52 WEEK LOW AND HIGH

$29.72
$23.97
$29.87

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.60%

SALES FEES

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

BROKERAGE FEES

  • Turnover 48.00%

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 18.1%
  • 3 Yr Annualized Total Return 9.4%
  • 5 Yr Annualized Total Return 6.5%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.95%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 - Fund Company Quick Screens

FVDFX - Performance

Return Ranking - Trailing

Period FVDFX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.1% -7.5% 44.2% 73.84%
1 Yr 8.3% -51.3% 21.5% 30.15%
3 Yr 9.4%* -21.3% 16.9% 15.85%
5 Yr 6.5%* -16.8% 14.1% 14.29%
10 Yr 11.5%* -4.8% 13.2% 10.44%

* Annualized


Return Ranking - Calendar

Period FVDFX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.0% -62.4% 16.7% 22.03%
2017 11.9% -16.5% 22.0% 29.08%
2016 11.9% -27.9% 31.0% 34.35%
2015 -6.3% -43.1% 1.3% 28.05%
2014 13.2% -46.4% 75.9% 2.14%

Total Return Ranking - Trailing

Period FVDFX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.1% -7.5% 44.2% 74.23%
1 Yr 8.3% -23.5% 21.5% 50.94%
3 Yr 9.4%* -9.5% 16.9% 30.74%
5 Yr 6.5%* -16.8% 14.1% 37.53%
10 Yr 11.5%* -4.8% 13.2% 15.49%

* Annualized


Total Return Ranking - Calendar

Period FVDFX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.7% -37.1% 17.4% 49.04%
2017 14.2% -16.5% 24.7% 55.57%
2016 13.2% -27.9% 32.2% 53.22%
2015 -3.7% -28.9% 3.9% 36.78%
2014 14.8% -45.2% 78.4% 2.68%

NAV & Total Return History

FVDFX - Holdings

Concentration Analysis

FVDFX Category Low Category High FVDFX % Rank
Net Assets 2.47 B 1.09 M 85.2 B 22.49%
Number of Holdings 101 18 1204 33.69%
Net Assets in Top 10 686 M -6.31 M 22.5 B 21.81%
Weighting of Top 10 27.55% 6.1% 422.4% 53.26%

Top 10 Holdings

  1. Berkshire Hathaway Inc B 3.87%

  2. Wells Fargo & Co 3.62%

  3. Comcast Corp Class A 3.60%

  4. Exxon Mobil Corp 2.86%

  5. U.S. Bancorp 2.68%

  6. Chevron Corp 2.60%

  7. PNC Financial Services Group Inc 2.31%

  8. Exelon Corp 2.04%

  9. The Walt Disney Co 2.03%

  10. Celgene Corp 1.93%


Asset Allocation

Weighting Return Low Return High FVDFX % Rank
Stocks
95.95% 85.76% 130.28% 84.81%
Cash
4.05% -35.70% 13.68% 11.49%
Preferred Stocks
0.00% -0.31% 7.10% 38.07%
Other
0.00% -3.87% 15.84% 36.03%
Convertible Bonds
0.00% 0.00% 6.62% 35.83%
Bonds
0.00% -13.40% 35.41% 40.60%

Stock Sector Breakdown

Weighting Return Low Return High FVDFX % Rank
Financial Services
25.99% 0.00% 55.05% 23.10%
Healthcare
15.96% 0.00% 30.31% 15.11%
Industrials
9.80% 0.00% 37.00% 50.58%
Consumer Defense
8.02% 0.00% 38.28% 54.97%
Consumer Cyclical
7.18% 0.00% 36.78% 51.66%
Energy
6.77% 0.00% 20.60% 73.49%
Technology
6.24% 0.00% 28.84% 83.53%
Real Estate
5.37% 0.00% 18.40% 22.61%
Utilities
5.27% 0.00% 74.76% 49.51%
Communication Services
5.05% 0.00% 15.70% 51.66%
Basic Materials
0.31% 0.00% 25.67% 89.28%

Stock Geographic Breakdown

Weighting Return Low Return High FVDFX % Rank
US
87.98% 80.15% 128.63% 79.75%
Non US
7.97% 0.00% 15.98% 26.58%

FVDFX - Expenses

Operational Fees

FVDFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.00% 27.58% 88.23%
Management Fee 0.40% 0.00% 1.50% 12.95%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

FVDFX 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

FVDFX 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.

FVDFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 48.00% 0.00% 1011.00% 55.05%

FVDFX - Distributions

Dividend Yield Analysis

FVDFX Category Low Category High FVDFX % Rank
Dividend Yield 0.00% 0.00% 4.57% 90.75%

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
Net Income Ratio 1.95% -2.06% 3.68% 27.89%

Capital Gain Distribution Analysis

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

FVDFX - Managers

Sean Gavin

Manager

Start Date

Tenure

Tenure Rank

Jan 31, 2012

7.75

7.8%

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

0.0

Category High

84.01

Category Average

7.01

Category Mode

0.0