Investment Strategy
Fidelity American Value Fund draws on Fidelity's 25 years of value-investing experience to uncover the best opportunities in the U.S. market.
Fidelity American Value Fund
Performance
Annual compound performance – as at 31-Aug-2010
| Fund | Morningstar Quartile* |
Benchmark | |
| 1 month | -3.16% | — | -0.90% |
| 3 month | -6.05% | — | -1.99% |
| 6 month | -8.03% | — | -2.42% |
| 1 year | -5.06% | — | 1.91% |
| 2 year | -10.48% | — | -8.24% |
| 3 year | -11.79% | — | -10.37% |
| 5 year | -6.81% | — | -3.82% |
| 7 year | -3.83% | — | -0.39% |
| 10 year | — | — | — |
| YTD | -6.75% | — | -1.37% |
| Since Inception | -3.17% | — | — |
Calendar year performance – as at 31-Aug-2010
Growth of $10,000 since inception – as at 31-Aug-2010
Fund risk measures – as at 31-Aug-2010
| Fund | Benchmark | |
| Annual Standard Deviation | 16.24 | 16.13 |
| Beta | 0.96 | — |
| R² | 0.91 | — |
Risk measures are based on 3-year net returns (series B). (All returns are calculated in Canadian currency.)
Volatility meter
The volatility meter uses methodology recommended by the Fund Risk Classification Task Force of the Investment Funds Institute of Canada. The Task Force prescribes risk assessment based on historical volatility risk as measured by the standard deviation of fund performance. The Task Force also acknowledges that other types of measurable and nonmeasurable risk may exist. The Task Force reminds investors that historical performance may not be indicative of future returns and a fund’s historical volatility may not be indicative of future volatility.
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Fund facts
NAVPU – Series B
$8.09 – as at 09-Sep-2010
Fund inception date
31-Oct-2002
Fund benchmark
Russell 1000 Value Index
Fund aggregate assets (all available series)
$31.2 million
as at 31-Jul-2010
Management expense ratio - Series B
2.26% – as at 31-Dec-2009
Top Ten Holdings
| J. P. Morgan Chase | |
| Bank of America | |
| Wells Fargo | |
| Pfizer | |
| Chevron | |
| Wal-Mart | |
| Goldman Sachs | |
| MERCK & CO INC NEW | |
| CVS Caremark | |
| ANADARKO PETROLEUM CORP | |
| Total number of holdings | 75 |
| Top 10 holdings aggregate | 31.7% |
Allocation