Fidelity Value Discovery

Frequently Asked Questions About FVDFX

What does FVDFX invest in?

The Fidelity Value Discovery fund primarily allocates its capital to common equities. It seeks out companies that Fidelity Management & Research Company (FMR) identifies as trading below their true intrinsic value. This assessment is often based on key financial indicators like assets, revenue, earnings, future growth prospects, or cash flow generation, or by comparing their valuation to similar companies within the same industry. The fund's investment scope is global, encompassing both U.S. and international issuers. Investment selection is driven by thorough fundamental analysis, which examines each company's financial health, competitive standing within its sector, and the broader market and economic environment.

What is the expense ratio of FVDFX?

Fidelity Value Discovery (FVDFX) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FVDFX?

Fidelity Value Discovery (FVDFX) manages $4.13B 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 FVDFX actively managed or an index fund?

FVDFX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FVDFX launched?

Fidelity Value Discovery (FVDFX) launched in December 2002 and is managed by Fidelity.

How has FVDFX performed?

FVDFX'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.