Investment objective & strategy
As of Jan. 26, 2026 · prospectusObjective. Fidelity Equity Dividend Income Fund seeks a yield from dividend and interest income which exceeds the composite dividend yield on securities comprising the S&P 500 Index. In addition, consistent with the primary objective of obtaining dividend and interest income, the fund will consider the potential for achieving capital appreciation.
Strategy. Normally investing at least 80% of assets in income-producing equity securities that pay current dividends. Equity securities represent an ownership interest, or the right to acquire an ownership interest, in an issuer. Equity securities include common stocks (including depositary receipts evidencing ownership of common stock), preferred stocks and other preferred securities, convertible securities, rights and warrants, and other securities, such as hybrid securities and trust preferred securities, believed to have equity-like characteristics. Income-producing equity securities are equity securities that pay, or are expected to pay within the next three months, dividends or interest. Equity securities that pay current dividends are equity securities that have a historical record of paying dividends or have announced a future dividend payment. Derivative instruments that … Normally investing at least 80% of assets in income-producing equity securities that pay current dividends. Equity securities represent an ownership interest, or the right to acquire an ownership interest, in an issuer. Equity securities include common stocks (including depositary receipts evidencing ownership of common stock), preferred stocks and other preferred securities, convertible securities, rights and warrants, and other securities, such as hybrid securities and trust preferred securities, believed to have equity-like characteristics. Income-producing equity securities are equity securities that pay, or are expected to pay within the next three months, dividends or interest. Equity securities that pay current dividends are equity securities that have a historical record of paying dividends or have announced a future dividend payment. Derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Potentially investing in other types of equity securities and debt securities, including lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds). Investing in domestic and foreign issuers. Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Fidelity Securities Lending Cash Central Fund | — | $282.56M | 3.42% |
| SHELL PLC SPONS ADR | — | $229.69M | 2.78% |
| ALPHABET INC CL A | — | $219.92M | 2.66% |
| PROCTER & GAMBLE | — | $206.66M | 2.50% |
| EXELON CORP | — | $189.44M | 2.29% |
| CHUBB LTD | — | $181.90M | 2.20% |
| MERCK & CO | — | $171.96M | 2.08% |
| TRAVELERS COS IN | — | $171.88M | 2.08% |
| JOHNSON&JOHNSON | — | $166.49M | 2.02% |
| GSK plc SPONSORED ADR | GSK US | $161.67M | 1.96% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Fidelity Fundamental Large Cap Value ETF · FFLV | 43% | 0.38% |
| Fidelity Value Discovery K6 Fund · FDVKX | 43% | 0.45% |
| Fidelity Value Discovery Fund · FVDFX, FVDKX, FVDOX, FVDNX, FVDJX, FVDLX, FVDMX | 42% | 0.40% |
Advisers
| Firm | Role |
|---|---|
| FMR Investment Management (UK) Limited | Sub-adviser |
| Fidelity Management & Research (Japan) Limited | Sub-adviser |
| Fidelity Management & Research (Hong Kong) Limited | Sub-adviser |
| Fidelity Management & Research Company LLC | Adviser |
Footnotes
- Expense ratio as of January 26, 2026, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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