Fidelity Value Discovery Fund Class K
FVDKX
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
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- May 9, 2008
- CIK
- 0000081205
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Value Discovery Fund Class K (FVDKX) is an open-end mutual fund managed by Fidelity Investments that seeks capital appreciation by investing primarily in securities of companies believed to be undervalued in the marketplace. The fund normally invests at least 80% of its assets in equity securities of domestic and foreign value companies, including common stocks, determined through fundamental analysis of factors such as financial condition, industry position, earnings and cash flow potential relative to enterprise value, and discounted future free cash flows; it targets companies experiencing positive fundamental change such as new management, product launches, cost-cutting, mergers, acquisitions, or reduced industry capacity. Portfolio allocations emphasize large-cap value stocks across sectors including financial services (25.37%), healthcare (17.07%), consumer defensive (11.09%), industrials (11.02%), and energy (8.46%), with geographic focus on the United States (81.93%), United Kingdom (9.15%), and other regions including Europe ex-Euro, Canada, and Eurozone; top holdings include Exxon Mobil Corp, Berkshire Hathaway Inc, Cigna Group, Travelers Companies Inc, and Chubb Ltd. Launched on May 9, 2008, with the share class inception aligned to the fund's broader Value Discovery series dating back to 2002, the fund is domiciled in the United States and headquartered in Boston, Massachusetts, as part of Fidelity's extensive mutual fund offerings, with total net assets of approximately $2.98 billion and a net expense ratio of 0.54%. It is available primarily to institutional and retirement plan investors in the U.S. with no minimum initial investment, daily pricing, and no front-end or deferred loads. Managed by Sean Gavin since January 31, 2012, the fund maintains a Morningstar Large Value category classification. In a significant recent development effective December 11, 2025, the fund updated its investment policy to explicitly include derivative instruments providing exposure to value company securities or associated market risk factors within the 80% policy basket, consistent with overall limitations, enhancing flexibility in implementation. The fund continues to demonstrate resilience with year-to-date returns around 5.20% as of mid-2025 and a recent dividend of $2.23 per share declared on December 12, 2025, amid stable portfolio turnover and no reported acquisitions, partnerships, or reorganizations in the past 1-2 years. This adjustment supports ongoing capital appreciation objectives amid market volatility.