# Fidelity Value Discovery (FVDFX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fvdfx 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: Thematic · Inception: 2002-12-11 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 ex... ## Key Facts | Metric | Value | |---|---| | Price | $40.27 | | Expense Ratio | 0.49% | | Assets Under Management | $3.72B | | NAV | $40.27 | | Holdings Count | — | | Distribution Yield (TTM) | 20.34% | | Annual Distribution (TTM) | $8.19 /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $37.58 – $47.52 | | Beta | 0.61 | ## Latest Distribution - Amount: $6.9900 /share - Ex-date: 2026-09-11 - Pay date: 2026-09-14 ## Frequently Asked Questions ### 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 $3.72B 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. ### Does FVDFX pay a dividend? Fidelity Value Discovery (FVDFX) currently distributes little or no income. Trailing-twelve-month yield is 20.34%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FVDFX pay dividends? Fidelity Value Discovery 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 FVDFX's dividend yield? FVDFX's trailing-twelve-month yield is 20.34%, calculated from the sum of dividends over the past year divided by the current price. ### When is FVDFX's next ex-dividend date? The most recently announced ex-dividend date for FVDFX was 2026-09-11. 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 FVDFX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.49% 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 FVDFX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FVDFX'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 FVDFX cost more than a fund like VOO? FVDFX's strategy (current expense ratio 0.49%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where FVDFX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to FVDFX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FVDFX (0.49%) 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/fvdfx - Distribution history: https://www.dividenddata.com/funds/fvdfx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fvdfx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fvdfx/expenses - Peer comparison: https://www.dividenddata.com/funds/fvdfx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.