FVDLX Fees and Costs — Fidelity Value Discovery Fund
Data updated: 2026-10-13
The net expense ratio is 1.00%: a 0.49% management fee, a 0.50% 12b-1 fee plus 0.01% other expenses. This share class carries a maximum front-end sales load of 3.50%. In fiscal 2026 the fund paid $1.0M in broker commissions, 0.0280% of average net assets, and portfolio turnover was 92%.
FVDLX Fees and Expenses
Annual operating expenses and sales charges of FVDLX. Prospectus, as of September 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.01% |
| Gross expense ratio | 1.00% |
| Fee waiver | — |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | 3.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
FVDLX Costs Over Time
On $10,000 invested in FVDLX, assuming 5% a year before costs, total costs come to $1,067 over 5 years, cutting the return by 1.82% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $350 | $350 | $350 |
| Fund expenses (net expense ratio 1.00%) | $101 | $316 | $548 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $17 | $71 | $154 |
| Total costs | $472 | $746 | $1,067 |
| Value after costs | $10,028 | $10,830 | $11,696 |
| Impact on return, per year | 4.72% | 2.31% | 1.82% |
FVDLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0280%
- Total broker commissions: $1.0M
- Bought from dealers (principal trades, not a cost): $2.6M
- Portfolio turnover (prospectus): 92%
FVDLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $142K | 17.34% |
| BANK OF AMERICA CORPORATION | $138K | 16.79% |
| JPMORGAN CHASE and CO | $119K | 14.53% |
| MORGAN STANLEY | $91K | 11.12% |
| BARCLAYS PLC | $75K | 9.15% |
| UBS GROUP AG | $65K | 7.86% |
| CITIGROUP INC | $62K | 7.57% |
| ROYAL BANK OF CANADA | $54K | 6.53% |
| JEFFERIES FINANCIAL GROUP INC | $44K | 5.32% |
| VIRTU FINANCIAL INC | $31K | 3.78% |
FVDLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $1.5M | 55.74% |
| JEFFERIES FINANCIAL GROUP INC | $775K | 29.42% |
| JPMORGAN CHASE and CO | $315K | 11.96% |
| CITIGROUP INC | $76K | 2.87% |
Fidelity Value Discovery Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FVDKX | Class K | 0.38% | — |
| FVDOX | C000257441 | 0.39% | none |
| FVDFX | Fidelity Value Discovery Fund | 0.45% | — |
| FVDNX | C000257442 | 0.50% | none |
| FVDJX | C000257443 | 0.75% | 5.75% |
| FVDLX | C000257444 | 1.00% | 3.50% |
| FVDMX | C000257445 | 1.50% | none |
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.