Fidelity U.S. Low Volatility Equity Fund

Frequently Asked Questions About FULVX

What does FULVX invest in?

The fund normally invests at least 80% of assets in U.S. equity securities. The adviser employs a strategy that combines fundamental stock selection and quantitative risk management techniques focused on reducing absolute portfolio risk in an effort to produce returns in excess of the Russell 3000® Index over a full market cycle (generally five to eight years) but with lower absolute volatility. The fund invests in either "growth" stocks or "value" stocks or both.

What is the expense ratio of FULVX?

Fidelity U.S. Low Volatility Equity Fund (FULVX) charges an expense ratio of 0.70%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FULVX?

Fidelity U.S. Low Volatility Equity Fund (FULVX) manages $34.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is FULVX actively managed or an index fund?

FULVX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (FULVX's is 0.70%) in exchange for the discretion to over- or under-weight positions.

When was FULVX launched?

Fidelity U.S. Low Volatility Equity Fund (FULVX) launched in November 2019 and is managed by Fidelity.

How has FULVX performed?

FULVX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.