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FDFFX Fidelity® Independence

  • Fund
  • FDFFX
  • Price as of: Aug 08, 2016
  • $35.01
  • - $0.07
  • - 0.20%
  • Category
  • Large Cap Growth Equities

FDFFX - Profile

Vitals

  • YTD Return -2.7%
  • 3 Yr Annualized Return 7.8%
  • 5 Yr Annualized Return 9.3%
  • Net Assets $3.79 B
  • Holdings in Top 10 25.8%

52 WEEK LOW AND HIGH

$35.01
$29.21
$39.58

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.86%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 48.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Large Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return -2.7%
  • 3 Yr Annualized Total Return 7.8%
  • 5 Yr Annualized Total Return 9.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.12%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Fidelity® Independence Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Mar 25, 1983
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Robert C. Bertelson

Fund Description

The Fidelity Independence Fund (FDFFX) is a low-cost, actively managed fund that seeks to grow investor capital. The firm primarily focuses on large-cap U.S. stocks, however, it can own foreign equities as well. FDFFX’s management uses various fundamental metrics that focus on earnings to find stocks that have faster-than-average earnings growth. This growth can be from more traditional secular drivers as well as special events like company turnarounds, cyclical recoveries or industry transformations. There is no sector requirement for the fund.

Given its focus on growth, FDFFX is best suited as a subcore position in a broad equity portfolio. The fund is internally managed by Fidelity.

FDFFX - Performance

Return Ranking - Trailing

Period FDFFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.7% -97.0% 17.4% 86.84% 5
1 Yr -10.3% -28.3% 24.3% 98.20% 5
3 Yr 7.8% * 0.2% 17.7% 84.19% 5
5 Yr 9.3% * 1.6% 16.2% 84.43% 5
10 Yr 7.5% * 0.4% 13.1% 59.32% 4

* Annualized


Return Ranking - Calendar

Period FDFFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.7% -38.0% 13.6% 66.92% 4
2014 N/A -0.7% 12.3% N/A N/A
2013 N/A 23.9% 43.4% N/A N/A
2012 N/A 10.8% 19.6% N/A N/A
2011 N/A -12.1% 12.5% N/A N/A

Total Return Ranking - Trailing

Period FDFFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.7% -97.0% 13.2% 86.52% 5
1 Yr -10.3% -28.3% 22.0% 97.11% 5
3 Yr 7.8% * -1.0% 17.7% 79.75% 5
5 Yr 9.3% * 0.4% 16.2% 81.37% 5
10 Yr 7.5% * -0.1% 13.1% 56.75% 3

* Annualized


Total Return Ranking - Calendar

Period FDFFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.7% -38.0% 17.4% 67.04% 4
2014 N/A -0.7% 13.1% N/A N/A
2013 N/A 32.4% 62.9% N/A N/A
2012 N/A 15.7% 23.1% N/A N/A
2011 N/A -14.3% 13.3% N/A N/A

NAV & Total Return History

FDFFX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

FDFFX Category Low Category High FDFFX % Rank Quintile
Net Assets 3.79 B 373 K 146 B 4.37% 1
Number of Holdings 111 1 2190 6.36% 2
Net Assets in Top 10 951 M 0 33.1 B 6.11% 2
Weighting of Top 10 25.8% 0.0% 150.9% 24.42% 5

Top 10 Holdings

  1. Apple Inc 3.41%
  2. Gilead Sciences Inc 2.96%
  3. Celgene Corp 2.78%
  4. Southwest Airlines Co 2.41%
  5. Alexion Pharmaceuticals Inc 2.21%
  6. Medivation Inc 2.69%
  7. Michael Kors Holdings Ltd 2.48%
  8. AT&T Inc 2.40%
  9. Exxon Mobil Corp 2.29%
  10. Monster Beverage Corp 2.15%

Asset Allocation

Weighting Category Low Category High FDFFX % Rank Quintile
Stocks
97.95% 0.00% 109.00% 9.77% 3
Cash
2.05% -9.00% 100.00% 12.02% 3
Other
0.00% -1.32% 24.55% 6.88% 5
Convertible Bonds
0.00% 0.00% 2.81% 0.84% 4
Preferred Stocks
0.00% 0.00% 4.61% 2.31% 4
Bonds
0.00% 0.00% 76.29% 2.89% 4

Stock Sector Breakdown

Weighting Category Low Category High FDFFX % Rank Quintile
Healthcare
23.90% -1.03% 98.63% 1.41% 1
Industrials
16.43% -0.37% 29.48% 2.06% 1
Technology
12.61% -1.29% 52.19% 26.22% 5
Consumer Cyclical
12.00% -2.22% 41.71% 21.98% 4
Energy
9.28% -2.01% 16.80% 1.29% 1
Consumer Defense
8.98% -1.43% 30.67% 12.02% 3
Financial Services
6.09% -2.38% 40.17% 21.79% 4
Communication Services
4.54% 0.00% 12.93% 7.13% 2
Utilities
3.33% -0.18% 16.29% 2.31% 1
Basic Materials
0.79% -1.18% 12.09% 18.83% 5
Real Estate
0.00% 0.00% 11.43% 13.95% 5

Stock Geographic Breakdown

Weighting Category Low Category High FDFFX % Rank Quintile
US
87.38% 0.00% 109.00% 21.72% 4
Non US
10.57% -0.01% 91.03% 4.76% 1

FDFFX - Expenses

Operational Fees

FDFFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.86% 0.00% 24.91% 13.25% 2
Management Fee 0.70% 0.00% 1.50% 2.31% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 1.00% N/A N/A

Sales Fees

FDFFX Fees (% of AUM) Category Low Category High FDFFX Rank Quintile
Front Load N/A 1.50% 8.50% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

FDFFX Fees (% of AUM) Category Low Category High FDFFX Rank Quintile
Max Redemption Fee N/A 0.05% 5.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FDFFX Fees (% of AUM) Category Low Category High FDFFX Rank Quintile
Turnover 48.00% 0.00% 437.00% 8.62% 3

FDFFX - Distributions

Dividend Yield Analysis

FDFFX Category Low Category High FDFFX % Rank Quintile
Dividend Yield 0.1% 0.00% 2.85% 35.40% 2

Dividend Distribution Analysis

FDFFX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FDFFX Category Low Category High FDFFX % Rank Quintile
Net Income Ratio 0.12% -5.94% 3.70% 9.45% 3

Capital Gain Distribution Analysis

FDFFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

FDFFX - Managers

Robert C. Bertelson

Manager

Start Date

Nov 09, 2006

Tenure

9.73

Tenure Rank

4.0%

Bertelson has been a portfolio manager with Fidelity Investments since 1991. From 1986 to 1991, he was a vice president and research analyst with Wellington Management Company. He also worked as a research associate with Booz, Allen & Hamilton from 1982 to 1984.


Tenure Analysis

Category Low

0.0

Category High

48.6

Category Average

7.08

Category Mode

1.6