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Fidelity® Disciplined Equity Fund

  • Symbol: FDEQX
  • No Transaction Fee No Transaction Fee 1
  • Fidelity Fund Pick Fidelity Fund Pick  2

Average Annual Total Returns

 3, 4, 5 More Information
AS OF 4/30/2016; FUND INCEPTION 12/28/1988
1 Yr 3 Yr 5 Yr 10 Yr Life
Fidelity® Disciplined Equity Fund -1.90% 10.54% 9.18% 4.98% 9.94%

Hypothetical Growth of $10,000

 4, 6 More Information
AS OF 4/30/2016; MORNINGSTAR CATEGORY: Large Blend
Fidelity® Disciplined Equity Fund
Large Blend
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
This Fund 14.58% 10.84% -40.10% 21.96% 8.25% -3.13% 15.85% 36.64% 12.05% 0.12% -0.09%

Compare Chart| Fund Facts Search

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

Quarter-End Average Annual Total Returns

 4, 5 More Information
AS OF 3/31/2016; FUND INCEPTION 12/28/1988 Glossary definition opens in new window.

0.89% AS OF 12/30/2015
1 Yr 3 Yr 5 Yr 10 Yr Life
Glossary definition opens in new window.Before Taxes
Fidelity® Disciplined Equity Fund -1.77% 11.34% 10.18% 5.20% 9.99%
S&P 500 1.78% 11.82% 11.58% 7.01% 10.01%
Large Blend -1.96% 9.62% 9.61% 5.98% --
Glossary definition opens in new window.After Taxes on Distributions
Fidelity® Disciplined Equity Fund -3.12% 9.68% 9.07% 4.32% --
Large Blend -4.74% 7.42% 8.08% 4.87% --
Glossary definition opens in new window.After taxes on distributions and sale of fund shares
Fidelity® Disciplined Equity Fund 0.16% 8.57% 7.92% 4.10% --
Large Blend -0.67% 6.87% 7.19% 4.48% --

Cumulative Total Returns

 5 More Information
AS OF 4/30/2016
YTD (Daily)* YTD (Monthly) 1 Month 3 Months 6 Months
Fidelity® Disciplined Equity Fund -0.09% -0.09% -0.66% 6.27% -1.61%
*AS OF 4/29/2016

Fund Risk and Return

More Information
AS OF 3/31/2016; MORNINGSTAR CATEGORY: Large Blend
Risk of this Category Category Risk Rating:6, where 1 is Lower and 10 is Higher


Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks.

Volatility Measures

More Information
Beta 1.00
AS OF 4/30/2016

A measure of a portfolio's sensitivity to market movements (as represented by a benchmark index). The benchmark index has a beta of 1.0. A beta of more (less) than 1.0 indicates that a fund's historical returns have fluctuated more (less) than the benchmark index. Beta is a more reliable measure of volatility when used in combination with a high R2 which indicates a high correlation between the movements in a fund's returns and movements in a benchmark index.

R2 0.97
AS OF 4/30/2016

A measurement of how closely the portfolio's performance correlates with the performance of the fund's primary benchmark index or equivalent. R2 is a proportion which ranges between 0.00 and 1.00. An R2 of 1.00 indicates perfect correlation to the benchmark index, that is, all of the portfolio's fluctuations are explained by performance fluctuations of the index, while an R2 of 0.00 indicates no correlation. Therefore, the lower the R2, the more the fund's performance is affected by factors other than the market as measured by that benchmark index. An R2 value of less than 0.5 indicates that the Annualized Alpha and Beta are not reliable performance statistics.

Sharpe Ratio 0.90
AS OF 4/30/2016

The Sharpe ratio is a measure of historical risk-adjusted performance calculated by dividing the fund's excess returns (fund's average annual return for the period minus the average annual return for the period of the Salomon Smith Barney 3-Month T-Bill Index) by standard deviation of the fund returns. The higher the ratio, the better the fund's return per unit of risk.

Standard Deviation 11.59
AS OF 4/30/2016

Statistical measure of how much a return varies over an extended period of time. The more variable the returns, the larger the standard deviation. Investors may examine historical standard deviation in conjunction with historical returns to decide whether an investment's volatility would have been acceptable given the returns it would have produced. A higher standard deviation indicates a wider dispersion of past returns and thus greater historical volatility. Standard deviation does not indicate how an investment actually performed, but it does indicate the volatility of its returns over time. Standard deviation is annualized. The returns used for this calculation are not load-adjusted.

Historical Fund Performance

 5 More Information
Current year's data as of: 4/30/2016
Year Total Returns Capital Gains Dividends Glossary definition opens in new window.Share Class Net Assets ($M)
2016 -0.09% -- -- $1,353.43
2015 0.12% $1.648 $0.357 $1,365.67
2014 12.05% $2.224 $0.378 $1,255.90
2013 36.64% $0.266 $0.691 $1,244.88
2012 15.85% -- $0.545 $1,751.76
2011 -3.13% -- $0.314 $6,679.07
2010 8.25% -- $0.21 $9,173.27
2009 21.96% -- $0.221 $10,810.70
2008 -40.10% -- $0.257 $9,079.95
2007 10.84% $2.43 $0.26 $12,111.88

Characteristics & Attribution

Fund characteristics and performance attribution information provides a framework for examining performance of a fund vs. its benchmark based on relative asset weightings. Click here to see Fund Characteristics and Attribution.

The "Mutual Funds" area at the top of each page allows access to mutual fund holdings with individual and joint Fidelity non-retirement accounts. Individual stock positions, ETFs and 529 funds are not available through this view. For the full list of your holdings visit Portfolio Summary.

Mutual Funds are priced as of the previous business day's market close when the market is open. Mutual fund positions are priced as of the official market close (typically 4p.m.) and prices are generally available between 5 p.m. and 6p.m.

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

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2015 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fidelity does not review the Morningstar data and, for fund performance, you should check the fund's current prospectus or other product materials for the most up-to-date information concerning applicable loads, fees and expenses.

1. No Transaction Fee Fidelity funds are available without paying a trading fee to Fidelity or a sales load to the fund. However, the fund may charge a short-term trading or redemption fee to protect the interests of long-term shareholders of the fund. Shares are subject to the fund's management and operating expenses. See Expenses & Fees for more information.

2. The funds on the Fund Picks From Fidelity list are selected based on certain selection criteria. Fund Picks From Fidelity is not a personalized recommendation or endorsement of any fund for an investor's individual circumstances.

3. Percent Rank in Category is the fund's total-return percentile rank relative to all funds that have the same Morningstar Category. The highest (or most favorable) percentile rank is 1 and the lowest (or least favorable) percentile rank is 100. The top-performing fund in a category will always receive a rank of 1. % Rank in Category is based on total returns which include reinvested dividends and capital gains, if any, and exclude sales charges.

4. The Morningstar Category Average is the average return for the peer group based on the returns of each individual fund within the group, for the period shown. This average assumes reinvestment of dividends.

5. Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated and are cumulative if the fund is less than one year old. Total returns do not reflect the fund's [%] sales charge. If sales charges were included, total returns would have been lower.

6. This chart illustrates the performance of a hypothetical $10,000 investment made in this investment product (and a benchmark or category average, if shown) from the beginning date shown or on the inception date of the product (whichever is later). The inception date used for products with underlying funds, or multiple shares classes, or are offered as a separate account, strategy or sub account, may be the inception date of the underlying fund, the earliest share class of the product, or the date composite performance for the product was first made available. The product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Benchmark returns include reinvestment of capital gains and dividends, if any, but do not reflect any fees or expenses. It is not possible to invest in an index. Past performance is no guarantee of future results. This chart is not intended to imply any future performance of the investment product.

Generally, data on Fidelity mutual funds is provided by FMR, LLC, Morningstar ratings and data on non-Fidelity mutual funds is provided by Morningstar, Inc. and data on non-mutual fund products is provided by the product's investment manager, trustee or issuer or the plan sponsor whose plan is offering the product to participants. Although Fidelity believes the data gathered from these third-party sources is reliable, it does not review such information and cannot warrant it to be accurate, complete or timely. Fidelity is not responsible for any damages or losses arising from any use of this third-party information.

Before investing, consider the investment objectives, risks, charges and expenses of the fund or annuity and its investment options. Contact Fidelity for a free prospectus and, if available, summary prospectus containing this information. Read it carefully.

Morningstar Category: Large Blend
There are no similar Fidelity Fund Picks in this Morningstar Category.
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