Fidelity Equity Dividend Income Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Fidelity Equity Dividend Income Fund held 131 positions with $8.09B in net assets. Its ten largest holdings made up 22.1% of the fund. The FEQTX share class costs 0.53% a year. Over the 12 months to May 2026, FEQTX returned 20.8%, with dividends reinvested. In 2026 Q2 it added 17 new positions and exited 11.
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.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
GOOGLALPHABET INC | 3.46% | $280.20M | 736.7K | $380.34 |
SHELSHELL PLC | 2.43% | $196.64M | 2.3M | $84.12 |
Fidelity Revere Street Trust | 2.30% | $185.94M | — | — |
2.25% | $182.26M | 1.5M | $120.42 | |
2.01% | $162.63M | 5.4M | $30.03 | |
2.01% | $162.55M | 556.9K | $291.89 | |
1.96% | $158.82M | 2.9M | $54.85 | |
1.96% | $158.20M | 1.1M | $143.56 | |
1.88% | $151.91M | 1.4M | $106.69 | |
CHUBB LTD | 1.85% | $149.77M | 480.5K | $311.73 |
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.
All 131 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.63% |
| Cash & short-term | 3.50% |
| 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.
By sector
- Financials
- 18.2%
- Health Care
- 12.3%
- International
- 12.0%
- Industrials
- 10.4%
- 9 other sectors
- 47.0%
- Financials
- 18.2%
- Health Care
- 12.3%
- International
- 12.0%
- Industrials
- 10.4%
- Consumer Staples
- 8.5%
- Information Technology
- 8.3%
- Communication Services
- 6.4%
- Utilities
- 5.7%
- Consumer Discretionary
- 4.3%
- Energy
- 4.1%
- Cash
- 3.4%
- Materials
- 3.3%
- Real Estate
- 3.0%
How it has done
FEQTX share class · total returns with dividends reinvested
Volatility over the last 12 months: 10.56%. Past returns are a record, not a forecast.
The 7 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.53% | +20.84% | +57.25% | +59.15% | -7.95% | |
| 0.46% | +20.86% | +57.55% | +59.67% | -7.92% | |
| 0.45% | +20.93% | — | — | — | |
| 0.56% | +20.80% | — | — | — | |
| 0.81% | +20.46% | — | — | — | |
| 1.06% | +20.16% | — | — | — | |
| 1.56% | +19.57% | — | — | — |
These classes hold the same portfolio, so the 1.36pp spread over 1 year is the cost difference between them — roughly 1.36pp a year — not a difference in what they own.
Fees & fund details
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
- Expense ratio, by class
- 0.45% – 1.56%· FEQTX 0.53%
- Portfolio turnover
- 53.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
17 new· the largest 8
11 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — FEQTX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”