# Fidelity U.S. Low Volatility Equity Fund (FULVX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fulvx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Fidelity · Asset class: Equity - Strategy: Actively Managed · Inception: 2019-11-05 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. ## Key Facts | Metric | Value | |---|---| | Price | $11.03 | | Expense Ratio | 0.70% | | Assets Under Management | $34.8M | | NAV | $11.03 | | Holdings Count | — | | Distribution Yield (TTM) | 8.06% | | Annual Distribution (TTM) | $0.89 /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $11.03 – $12.17 | | Beta | 0.62 | ## Latest Distribution - Amount: $0.6650 /share - Ex-date: 2026-05-06 - Pay date: 2026-05-07 ## Frequently Asked Questions ### 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. ### Does FULVX pay a dividend? Fidelity U.S. Low Volatility Equity Fund (FULVX) currently distributes little or no income. Trailing-twelve-month yield is 8.06%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FULVX pay dividends? Fidelity U.S. Low Volatility Equity Fund pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FULVX's dividend yield? FULVX's trailing-twelve-month yield is 8.06%, calculated from the sum of dividends over the past year divided by the current price. ### When is FULVX's next ex-dividend date? The most recently announced ex-dividend date for FULVX was 2026-05-06. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will FULVX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.70% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FULVX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FULVX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FULVX cost more than a fund like VOO? FULVX is actively managed (current expense ratio 0.70%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether FULVX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to FULVX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FULVX (0.70%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fulvx - Distribution history: https://www.dividenddata.com/funds/fulvx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fulvx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fulvx/expenses - Peer comparison: https://www.dividenddata.com/funds/fulvx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.