Fidelity Series Value Discovery Fund (FNKLX)
The fund normally invests primarily in common stocks. It invests in securities of companies that Fidelity Management & Research Company (FMR) believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry. The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.
Fund Info
US3161285867
316128586
Dec 6, 2012
$0
Large-Cap
Value
Expense Ratio
FNKLX has an expense ratio of 0.00%, indicating no management fees are charged.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Series Value Discovery Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Series Value Discovery Fund had a return of 3.10% year-to-date (YTD) and 9.04% in the last 12 months. Over the past 10 years, Fidelity Series Value Discovery Fund had an annualized return of 4.59%, while the S&P 500 had an annualized return of 11.29%, indicating that Fidelity Series Value Discovery Fund did not perform as well as the benchmark.
FNKLX
3.10%
1.40%
1.16%
9.04%
5.66%
4.59%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of FNKLX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.45% | 3.10% | |||||||||||
| 2024 | -0.07% | 2.56% | 3.92% | -3.79% | 2.17% | -1.67% | 5.10% | 3.11% | 0.60% | -1.44% | 5.17% | -8.35% | 6.62% |
| 2023 | 2.98% | -4.21% | -1.00% | 2.78% | -3.92% | 4.22% | 3.51% | -2.61% | -2.01% | -2.32% | 5.03% | 1.33% | 3.22% |
| 2022 | -1.39% | -0.06% | -1.98% | -4.50% | 2.55% | -6.96% | 4.39% | -2.37% | -7.33% | 10.82% | 5.44% | -6.39% | -9.07% |
| 2021 | -0.28% | 3.78% | 7.46% | 4.65% | 2.94% | -1.92% | 1.01% | 1.94% | -4.10% | 4.70% | -3.74% | 0.78% | 17.85% |
| 2020 | -4.27% | -8.53% | -16.55% | 12.49% | 3.40% | 1.30% | 2.99% | 4.98% | -2.29% | 0.16% | 13.17% | 4.48% | 7.71% |
| 2019 | 7.21% | 1.89% | 0.56% | 2.80% | -4.91% | 5.16% | 1.56% | -2.99% | 2.85% | 1.69% | 3.93% | 1.33% | 22.54% |
| 2018 | 3.97% | -4.54% | -2.49% | 0.93% | -0.38% | 1.00% | 3.12% | 1.26% | -0.15% | -4.75% | 2.07% | -12.48% | -12.81% |
| 2017 | 0.77% | 2.99% | -1.86% | 0.31% | -0.46% | 1.30% | 1.60% | -2.10% | 2.60% | 0.37% | 3.04% | -3.13% | 5.34% |
| 2016 | -4.67% | 0.28% | 5.71% | 2.03% | 1.20% | 0.34% | 3.66% | 1.31% | -0.08% | -0.96% | 5.66% | 1.14% | 16.28% |
| 2015 | -3.77% | 5.52% | -1.38% | 1.86% | 0.63% | -1.79% | 0.75% | -6.48% | -3.13% | 6.37% | 0.17% | -5.60% | -7.44% |
| 2014 | -4.07% | 3.56% | 2.51% | 1.19% | 1.27% | 2.98% | -1.90% | 3.05% | -1.44% | 1.49% | 1.75% | 0.41% | 11.04% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FNKLX is 47, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Series Value Discovery Fund (FNKLX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Series Value Discovery Fund provided a 2.40% dividend yield over the last twelve months, with an annual payout of $0.38 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.38 | $0.38 | $0.35 | $0.32 | $0.33 | $0.30 | $0.34 | $0.30 | $0.26 | $0.26 | $0.57 | $0.77 |
Dividend yield | 2.40% | 2.48% | 2.35% | 2.17% | 1.96% | 2.10% | 2.52% | 2.67% | 1.93% | 2.03% | 5.03% | 5.96% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Series Value Discovery Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.38 |
| 2023 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.35 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.33 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.26 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.10 | $0.26 |
| 2015 | $0.07 | $0.00 | $0.19 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.11 | $0.57 |
| 2014 | $0.04 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.54 | $0.77 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Series Value Discovery Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Series Value Discovery Fund was 37.98%, occurring on Mar 23, 2020. Recovery took 162 trading sessions.
The current Fidelity Series Value Discovery Fund drawdown is 5.51%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -37.98% | Jan 21, 2020 | 44 | Mar 23, 2020 | 162 | Nov 10, 2020 | 206 |
| -21.53% | Jan 29, 2018 | 229 | Dec 24, 2018 | 240 | Dec 6, 2019 | 469 |
| -20.76% | Nov 10, 2021 | 224 | Sep 30, 2022 | 500 | Sep 27, 2024 | 724 |
| -20.03% | May 22, 2015 | 183 | Feb 11, 2016 | 191 | Nov 11, 2016 | 374 |
| -9.77% | Dec 2, 2024 | 27 | Jan 10, 2025 | — | — | — |
Volatility
Volatility Chart
The current Fidelity Series Value Discovery Fund volatility is 2.50%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.