Fidelity Equity-Income Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Fidelity Equity-Income Fund held 124 positions with $11.48B in net assets. Its ten largest holdings made up 24.9% of the fund. The FEQIX share class costs 0.52% a year. Over the 12 months to May 2026, FEQIX returned 22.8%, with dividends reinvested. In 2026 Q3 it added 5 new positions and exited 13.
Fidelity Equity-Income Fund seeks reasonable income. In pursuing this objective, the fund will also consider the potential for capital appreciation. The fund seeks a yield for its shareholders that exceeds the yield on the securities comprising the S&P 500 Index.
The fund invests at least 80% of assets in income-producing equity securities—primarily large-cap value stocks selected through fundamental analysis for their dividends or expected near-term interest payments—and may hold up to 20% in other equities and debt securities including high-yield bonds. The fund seeks to deliver a yield exceeding the S&P 500 Index and may use covered call options to manage assets. Because security selection depends on the manager's assessment of financial condition and industry position, fund returns will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
GOOGLALPHABET INC | 4.05% | $465.21M | 1.2M | $384.80 |
3.31% | $380.16M | 2.5M | $154.33 | |
3.25% | $373.80M | 1.2M | $313.23 | |
Fidelity Revere Street Trust | 2.77% | $318.29M | — | — |
2.03% | $233.10M | 1.0M | $229.85 | |
LINDE PLC | 2.02% | $231.43M | 461.8K | $501.14 |
TSMTAIWAN SEMICONDUCTOR MFG CO LTD | 1.96% | $225.45M | 569.2K | $396.06 |
WMTWALMART INC | 1.87% | $215.22M | 1.6M | $131.93 |
1.84% | $210.91M | 3.9M | $53.46 | |
1.81% | $208.33M | 2.5M | $82.23 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 124 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 | 97.14% |
| Cash & short-term | 3.30% |
By sector
- Financials
- 18.2%
- International
- 13.4%
- Health Care
- 12.8%
- Information Technology
- 11.7%
- 9 other sectors
- 43.9%
- Financials
- 18.2%
- International
- 13.4%
- Health Care
- 12.8%
- Information Technology
- 11.7%
- Consumer Discretionary
- 9.9%
- Consumer Staples
- 7.8%
- Industrials
- 7.1%
- Energy
- 5.8%
- Utilities
- 5.0%
- Communication Services
- 4.2%
- Real Estate
- 1.7%
- Cash
- 1.6%
- Materials
- 0.8%
How it has done
FEQIX share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.04%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 7 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.52% | +22.81% | +66.69% | +66.25% | -7.24% | |
| 0.45% | +22.93% | +67.16% | +67.00% | -7.23% | |
| 0.56% | — | — | — | — | |
| 1.06% | — | — | — | — | |
| 0.81% | — | — | — | — | |
| 1.56% | — | — | — | — | |
| 0.44% | — | — | — | — |
Fees & fund details
Fidelity Equity-Income Fund is an actively managed U.S. equity fund. 2% of FEQIX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 81% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.44% – 1.56%· FEQIX 0.52%
- Portfolio turnover
- 11.00% a year · as of 2026 Q2
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.
5 new
13 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 — FEQIX, 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?”