Fidelity Capital Appreciation Fund Details and Evaluation for Investors

The Fidelity Capital Appreciation Fund is a great option for investors looking to grow their wealth over the long term. It has a 20-year track record of delivering consistent returns, with an average annual return of 10.3%.

To get started with the Fidelity Capital Appreciation Fund, you'll need to have a brokerage account with Fidelity. This will give you access to a range of investment options, including this fund.

The fund's investment strategy focuses on large-cap stocks, which are less volatile than smaller companies. This can be a good choice for investors who are risk-averse or want to maintain a stable portfolio.

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The Fidelity Capital Appreciation fund has a management team with an average tenure of 4.82 years. This is a notable aspect of the fund, especially considering it's an actively managed fund.

Asher Anolic and Jason Weiner joined the team in 2018, indicating a recent influx of fresh perspectives. Zachary Turner's tenure stretches until 2025, providing a sense of continuity.

Management tenure is indeed more important for actively managed funds like this one, as it suggests a stable and experienced team at the helm.

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The expense ratio of FDCAX is a crucial factor to consider when evaluating its performance. Fidelity Capital Appreciation has an expense ratio of 0.56%, which is 43% lower than its category average, earning it an A grade.

High portfolio turnover can lead to higher expenses and lower after-tax returns. FDCAX has a portfolio turnover rate of 56%, indicating it holds its assets for around 0.0 years.

The fund's expense ratio is significantly lower than its category average, making it an attractive option for investors.

Fidelity Capital Appreciation has a 5-year annualized total return of 16.1%, placing it in the middle third among its category peers.

Here's a comparison of FDCAX's expense ratio and portfolio turnover rate with its category average:

FDCAX's lower expense ratio and portfolio turnover rate contribute to its overall performance.

Fidelity Capital Appreciation is an actively managed fund that's been around since 1986, when Fidelity Investments first launched it.

The fund's main goal is to generate capital appreciation, which means it aims to increase the value of your investment over time.

It invests primarily in common stocks, which are shares of ownership in companies.

These stocks can be from domestic or foreign issuers, giving the fund a global reach.

The fund's advisor uses fundamental analysis to select investments, considering factors like a company's financial condition and industry position.

This approach helps the advisor choose stocks that have the potential to grow in value.

The fund can invest in either growth stocks or value stocks, or a mix of both.

The fund's performance is a mixed bag, with some years shining brighter than others. Over the past year, the fund returned 15.6%, earning a grade of D.

The fund's performance is particularly notable over the past 10 years, where it has returned 15.1% annually, earning a grade of D.

Here's a breakdown of the fund's grades over different time periods:

The fund's grades are calculated based on how its performance compares to its category average. In some cases, the fund has performed better than its category average, earning a higher grade, while in other cases, it has performed worse, earning a lower grade.

Fidelity Capital Appreciation has a 5-year annualized total return of 16.1%, which is in the middle third among its category peers.

The fund's expense ratio is 0.56%, which is 43% lower than its category average. This makes the fund expense ratio grade an A.

Fidelity Capital Appreciation has a portfolio turnover rate of 56%, which is higher than the average portfolio turnover of 48% for the Large Growth category.

The fund returned 3.3% in September 2025, earning it a grade of D compared to the Large Growth category's average return of 3.9%.

Here's a comparison of the fund's standard deviation over the past 3 and 5 years:

The lower standard deviation indicates that the fund experiences less volatility than its peers.

Fidelity Capital Appreciation offers a reliable and cost-effective investment option.

FDCAX has a 5-year beta of 1.01, which means it is likely to be as volatile as the market average.

The fund's expense ratio of 0.57% is lower than the category average of 0.94%, making it a cheaper option compared to its peers.

With no load fees and a minimum initial investment of $0, FDCAX is an attractive choice for investors looking to get started without any barriers.

Investors should also note that the fund's alpha of 0.37 over the past 5 years indicates that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.

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Expenses play a significant role in the mutual fund market, and costs can make a big difference in an investment's performance.

A low-cost product will generally outperform its peers, assuming all other factors are equal. This is because lower costs mean more of your money stays invested.

FDCAX is a no-load fund, which means there's no initial fee to invest. This can be a big plus for investors who want to get started right away.

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The expense ratio of FDCAX is 0.57%, which is lower than the category average of 0.94%. This is a significant advantage for investors who want to keep their costs down.

FDCAX has a minimum initial investment of $0, and there's no minimum amount required for subsequent investments. This makes it easy to get started with investing.

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Understanding Risk Factors is crucial in investing. FDCAX has a 5-year beta of 1.01, which means it's likely to be as volatile as the market average.

Beta is an important metric to consider when evaluating a mutual fund's risk. A beta of 1.01 indicates that FDCAX is closely tied to the market's performance.

A positive alpha of 0.37, which represents a portfolio's performance on a risk-adjusted basis, is a good sign. This suggests that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.

Investors should be aware that a higher beta can also mean higher returns. However, it's essential to consider other factors, such as the overall market conditions, before making an investment decision.

FDCAX's 5-year performance has shown a positive alpha, indicating that its managers are skilled in picking securities that outperform the benchmark.

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