- ISIN
- US3161285867
- CUSIP
- 316128586
- Issuer
- Fidelity
- Inception Date
- Dec 6, 2012
- Category
- Large Cap Value Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
FNKLX Performance Chart
Fidelity Series Value Discovery Fund (FNKLX) is up 10.6% since the beginning of the year. FNKLX is currently trading at $18 per share. Investors who bought $1,000 worth of FNKLX shares 5 years ago would now be looking at an investment worth $1,594.
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Returns By Period
Fidelity Series Value Discovery Fund (FNKLX) has returned 10.55% so far this year and 25.68% over the past 12 months. Over the last ten years, FNKLX has returned 11.44% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Fidelity Series Value Discovery Fund
- 1D
- 0.27%
- 1M
- 2.92%
- YTD
- 10.55%
- 6M
- 12.23%
- 1Y
- 25.68%
- 3Y*
- 16.59%
- 5Y*
- 9.77%
- 10Y*
- 11.44%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
FNKLX Monthly Returns History
Based on dividend-adjusted daily data since Dec 11, 2012, FNKLX's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +13.2%, while the worst month was Mar 2020 at -15.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FNKLX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +9.7%, while the worst single day was Mar 16, 2020 at -12.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.93% | 2.54% | -4.71% | 7.13% | 1.39% | 0.22% | 10.55% | ||||||
| 2025 | 2.45% | 0.82% | -1.03% | -2.29% | 3.07% | 2.34% | -0.12% | 3.84% | 0.72% | 1.30% | 3.39% | 1.93% | 17.47% |
| 2024 | -0.07% | 2.56% | 4.43% | -3.79% | 2.17% | -1.67% | 5.10% | 3.11% | 0.60% | -1.44% | 5.17% | -2.70% | 13.74% |
| 2023 | 2.98% | -4.21% | -0.81% | 2.78% | -3.92% | 4.22% | 3.51% | -2.61% | -2.01% | -2.32% | 5.03% | 4.01% | 6.15% |
| 2022 | -1.39% | -0.06% | 1.28% | -4.50% | 2.55% | -6.96% | 4.39% | -2.37% | -7.34% | 10.82% | 5.44% | -3.24% | -2.88% |
| 2021 | -0.28% | 3.78% | 7.46% | 4.65% | 2.94% | -1.92% | 1.01% | 1.94% | -4.10% | 4.70% | -3.74% | 7.61% | 25.83% |
Benchmark Metrics
Fidelity Series Value Discovery Fund has an annualized alpha of 0.28%, beta of 0.84, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since December 12, 2012.
- This fund participated in 86.61% of S&P 500 Index downside but only 82.17% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.28%
- Beta
- 0.84
- R²
- 0.82
- Upside Capture
- 82.17%
- Downside Capture
- 86.61%
Expense Ratio
FNKLX has an expense ratio of 0.00%, meaning no management fees are charged.
Return for Risk
Risk / Return Rank
FNKLX ranks 77 for risk / return — better than 77% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Series Value Discovery Fund (FNKLX) and compare them to S&P 500 Index.
| FNKLX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.41 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 2.93 | +0.93 |
| Martin ratioReturn relative to average drawdown | 15.71 | 13.52 | +2.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Fidelity Series Value Discovery Fund provided a 7.94% dividend yield over the last twelve months, with an annual payout of $1.45 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.45 | $1.13 | $1.41 | $0.76 | $1.35 | $1.41 | $0.43 | $0.53 | $0.82 | $1.03 | $0.51 | $0.99 |
Dividend yield | 7.94% | 6.65% | 9.10% | 5.08% | 9.13% | 8.50% | 3.01% | 3.89% | 7.22% | 7.74% | 3.94% | 8.72% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.00 | $0.48 | ||||||
| 2025 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.98 | $1.13 |
| 2024 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.32 | $1.41 |
| 2023 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.72 | $0.76 |
| 2022 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.82 | $1.35 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.39 | $1.41 |
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.
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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 37.31%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.
The current Fidelity Series Value Discovery Fund drawdown is 0.27%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -37.31%Mar 2020 | 2mo 2d | 7mo 21d | 9mo 23dJan 2020 - Nov 2020 |
Rate-hike selloffLate 2018 | -18.13%Dec 2018 | 10mo 29d | 10mo 8d | 1y 9moJan 2018 - Oct 2019 |
2016 correction2016 | -16.60%Feb 2016 | 7mo 22d | 5mo 2d | 1y 19dJun 2015 - Jul 2016 |
Bear market2022 | -15.88%Sep 2022 | 5mo 12d | 1y 2mo | 1y 7moApr 2022 - Dec 2023 |
2025 selloff2025 | -10.41%Apr 2025 | 2mo 10d | 1mo 8d | 3mo 18dJan 2025 - May 2025 |
Drawdown Indicators
| FNKLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.31% | -56.78% | +19.47% |
Max Drawdown (1Y)Largest decline over 1 year | -6.79% | -9.10% | +2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -10.41% | -18.90% | +8.49% |
Max Drawdown (5Y)Largest decline over 5 years | -15.88% | -25.43% | +9.55% |
Max Drawdown (10Y)Largest decline over 10 years | -37.31% | -33.92% | -3.39% |
Current DrawdownCurrent decline from peak | -0.27% | -0.74% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -10.72% | +7.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.97% | -0.31% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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