Fidelity Equity Dividend Income Fund

Fidelity Financial Trust · 7 share classes

Actively managed U.S. equity fund
One fund, 7 share classes:FEQTXFETKXFIAWXFIAVXFIAOXFIAQXFIAPX
$8.09B NAV
131 positions · as of 2026-05-31 · filed 2026-07-24

Fund classification

Classified from what the fund holds · as of 2026 Q2

Fidelity Equity Dividend Income Fund is an actively managed U.S. equity fund. 2% of FEQTX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 82% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund

Fund profile

As filed in the prospectus · 2026 Q1

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 · summarised

The fund invests at least 80% of assets in dividend-paying equity securities, selecting holdings through fundamental analysis of financial condition, industry position, and market conditions, with the goal of exceeding the S&P 500's dividend yield. The fund may also hold non-dividend-paying equities and below-investment-grade debt securities. Because security selection depends on the manager's assessment of which issuers will pay or maintain dividends, fund returns will diverge from any benchmark index.

Expenses
0.45% 1.56%across 7 share classes
Share classExpense ratio
FEQTX0.53%
FETKX0.46%
FIAWX0.45%
FIAVX0.56%
FIAOX0.81%
FIAQX1.06%
FIAPX1.56%

Portfolio turnover 53.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

102.09%
of net assets
Stocks98.63%
Cash & short-term3.50%
Derivatives-0.04%

The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.

Derivatives are shown at market value, not notional exposure.

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Financials18.2%
Health Care12.3%
International12.0%
Industrials10.4%
9 smaller47.0%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
2%of stock holdings in top-quartile growers
covering 82% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 17 new11 exited

Largest new: DHR, V, LOW, TE CONNECTIVITY PLC, KKR, BDX, AVGO, ADIDAS AG

Largest exited: CMCSA, SMURFIT WESTROCK PLC, CPB, STT, FLS, CHRW, AFG, OWL

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+23.63%+50.03%+63.15%10.50%-7.95%
+23.73%+50.35%+63.78%10.51%-7.92%
Cumulative return· Jun 2023 – Apr 2026

May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
ALPHABET INCGOOGL3.46%$280.20M
SHELL PLCSHEL2.43%$196.64M
Fidelity Revere Street Trust2.30%$185.94M
CISCO SYSTEMS INCCSCO2.25%$182.26M
KEURIG DR PEPPER INCKDP2.01%$162.63M
TRAVELERS COS INCTRV2.01%$162.55M
US BANCORP DELUSB1.96%$158.82M
PROCTER and GAMBLE COPG1.96%$158.20M
UNITED PARCEL SERVICE INCUPS1.88%$151.91M
CHUBB LTD1.85%$149.77M
Showing 10 of 131Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.

Top 10 positions are 22.12% of net assets, top 25 44.35%, across 126 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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