Fidelity Equity-Income K Fund (FEIKX) seeks growth of capital and income. FEIKX invests more than 80% of its assets in income-generating securities, which leads to investment in large-cap value securities. FEIKX invests in both U.S. and non-U.S. companies.
This Large Value product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 8.8% and 5 year 12.5%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
FEIKX’s performance, as of the last filing, when compared to funds in its category was in the top 6% over the past 1 year, and in the top 24% over the past 3 years and in the top 12% over the past 5 years.
The Fidelity Equity-Income K fund, as of the last filing, allocates their fund in three major groups; Large Value, Large Growth and Foreign Stock. Further, as of the last filing, JPMorgan Chase & Co, Chevron Corp and Cisco Systems Inc were the top holdings for FEIKX.
This Zacks Rank #1 (Strong Buy) was incepted in May 2008 and is managed by Fidelity. FEIKX carries an expense ratio of 0.51% and requires a minimal initial investment of $0.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>
View All Zacks #1 Ranked Mutual Funds
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Get Your Free (FEIKX): Fund Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research