Fidelity Equity Dividend Income Fund Class K
FETKX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- May 15, 2008
- CIK
- 0000708191
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Equity Dividend Income Fund Class K (FETKX) is an open-end mutual fund managed by Fidelity Investments that seeks a yield from dividend and interest income exceeding the composite dividend yield of the S&P 500 Index; the fund normally invests at least 80% of assets in income-producing equity securities, primarily large-cap value stocks with potential for capital appreciation, including common stocks, preferred stocks, convertible securities, and real estate investment trusts (REITs). The fund maintains a diversified portfolio of approximately 116 holdings across sectors such as financials (22.45%), health care (14.00%), industrials (11.32%), information technology (11.12%), and consumer staples (9.78%), with a portfolio turnover rate of 45%; it distributes dividends quarterly and capital gains annually, targeting institutional and retirement plan investors with a net expense ratio of 0.46% and total assets under management of approximately $7.5 billion. The Class K share class, which offers no front-end or deferred sales loads, was incepted on May 9, 2008, while the underlying fund traces its origins to August 21, 1990; Fidelity Investments, the fund's sponsor, was founded in 1946 and is headquartered in Boston, Massachusetts, with global operations serving U.S. and international markets through subsidiaries like Fidelity Management & Research Company LLC. In recent developments, the fund has sustained stable management under lead portfolio manager John Sheehy since 2017, amid Fidelity's broader equity fund rationalization efforts, including approved mergers of select equity funds in October 2024 with operations commencing in March and May 2025; no direct mergers or reorganizations have impacted FETKX, but the firm continues to emphasize dividend-oriented strategies in a large value category context as of late 2025.