FNKLX Performance — Fidelity Series Value Discovery Fund
Data updated: 2026-09-23
FNKLX returned +18.08% year to date and +31.74% over one year to Jul 2026. Annualised returns are +15.48% over 3 years and +10.55% over 5 years. Against its US Large Value category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $154, against $156 for the category, and to $132 over one year, against $122. Volatility over the past three years was 10.84% a year. In the 12 months to Jul 2026 the fund took in a net $1.3B, and assets reached $17.74B.
FNKLX Growth of $100
What $100 invested in Fidelity Series Value Discovery Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Value category average over the same months.
| Period | FNKLX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $132 | $122 |
| 3 years (Aug 2023 – Jul 2026) | $154 | $156 |
| 5 years (Aug 2021 – Jul 2026) | $165 | $168 |
| Since data start (Aug 2019 – Jul 2026) | $231 | $226 |
FNKLX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +18.08% |
| 1 year | +31.74% |
| 3 years (annualised) | +15.48% |
| 5 years (annualised) | +10.55% |
FNKLX Annual Returns
Calendar-year total returns of Fidelity Series Value Discovery Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +18.08% |
| 2025 | +17.39% |
| 2024 | +9.10% |
| 2023 | +6.07% |
| 2022 | −2.84% |
| 2021 | +25.76% |
| 2020 | +8.92% |
| 2019 (Aug–Dec) | +8.35% |
FNKLX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +3.9% | +2.5% | −4.7% | +7.1% | +1.4% | +2.1% | +4.8% | — | — | — | — | — |
| 2025 | +2.5% | +0.8% | −1.0% | −2.3% | +3.1% | +2.3% | −0.1% | +3.8% | +0.7% | +1.3% | +3.4% | +1.8% |
| 2024 | −0.1% | +2.6% | +4.4% | −3.8% | +2.2% | −1.7% | +5.1% | +3.1% | +0.6% | −1.4% | +5.2% | −6.7% |
| 2023 | +3.0% | −4.3% | −0.8% | +2.8% | −3.9% | +4.2% | +3.5% | −2.6% | −2.0% | −2.3% | +5.0% | +4.0% |
| 2022 | −1.4% | −0.1% | +1.3% | −4.5% | +2.5% | −7.0% | +4.4% | −2.4% | −7.3% | +10.8% | +5.4% | −3.2% |
| 2021 | −0.3% | +3.8% | +7.5% | +4.7% | +2.9% | −1.9% | +1.0% | +1.9% | −4.1% | +4.7% | −3.7% | +7.5% |
| 2020 | −4.3% | −8.5% | −15.6% | +12.5% | +3.4% | +1.3% | +3.0% | +5.0% | −2.3% | +0.2% | +13.2% | +4.5% |
| 2019 | — | — | — | — | — | — | — | −3.0% | +2.9% | +1.7% | +3.9% | +2.8% |
FNKLX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 10.84%
- 3-year Sharpe ratio: 1.01 (vs 4.5% risk-free rate)
- Best month: +7.13% (Apr 2026)
- Worst month: −6.67% (Dec 2024)
FNKLX Fund Flows
Monthly money in and out of Fidelity Series Value Discovery Fund, from SEC Form N-PORT.
- 12-month net flow: $1.3B
- 12-month gross sales (incl. reinvestments): $4.3B
- Sales ÷ redemptions: 1.46×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $114.9M | $400.4M | −$285.4M |
| Jun 2026 | $389.0M | $181.7M | $207.3M |
| May 2026 | $547.2M | $93.7M | $453.6M |
| Apr 2026 | $112.2M | $308.6M | −$196.5M |
| Mar 2026 | $585.2M | $369.5M | $215.7M |
| Feb 2026 | $195.6M | $85.3M | $110.2M |
| Jan 2026 | $303.6M | $276.5M | $27.0M |
| Dec 2025 | $941.1M | $665.7M | $275.5M |
| Nov 2025 | $226.7M | $207.3M | $19.4M |
| Oct 2025 | $318.9M | $188.0M | $130.9M |
| Sep 2025 | $106.7M | $76.5M | $30.2M |
| Aug 2025 | $430.2M | $76.1M | $354.1M |
FNKLX Assets Under Management
Net assets of Fidelity Series Value Discovery Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $17.74B |
| 2026-04-30 | $15.96B |
| 2026-01-31 | $15.54B |
| 2025-10-31 | $14.68B |
| 2025-07-31 | $13.35B |
| 2025-04-30 | $12.20B |
| 2025-01-31 | $12.75B |
| 2024-10-31 | $12.06B |
| 2024-07-31 | $12.18B |
| 2024-04-30 | $10.89B |
| 2024-01-31 | $10.01B |
| 2023-10-31 | $8.86B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.