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FDFFX Fidelity® Independence

  • Fund
  • FDFFX
  • Price as of: Dec 15, 2017
  • $42.20
  • + $0.35
  • + 0.84%
  • Category
  • Large Cap Growth Equities

FDFFX - Profile

Vitals

  • YTD Return 26.0%
  • 3 Yr Annualized Return 7.0%
  • 5 Yr Annualized Return 14.6%
  • Net Assets $3.92 B
  • Holdings in Top 10 31.7%

52 WEEK LOW AND HIGH

$42.20
$33.48
$42.20

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.54%

SALES FEES

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

BROKERAGE FEES

  • Turnover 76.00%

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 26.0%
  • 3 Yr Annualized Total Return 7.0%
  • 5 Yr Annualized Total Return 14.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.59%
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 Jeffrey S. Feingold

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 26.0% -97.0% 43.5% 20.93% 2
1 Yr 25.7% -52.0% 75.7% 47.83% 3
3 Yr 7.0% * -15.1% 30.2% 85.74% 5
5 Yr 14.6% * -3.8% 22.6% 53.91% 3
10 Yr 6.6% * 0.6% 12.4% 77.39% 4

* Annualized


Return Ranking - Calendar

Period FDFFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -6.9% -56.6% 121.2% 75.00% 4
2015 -6.7% -40.3% 11.4% 64.89% 4
2014 6.5% -30.1% 42.9% 22.93% 2
2013 39.8% -11.8% 56.4% 3.37% 1
2012 19.7% -21.6% 29.1% 4.82% 1

Total Return Ranking - Trailing

Period FDFFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 26.0% -97.0% 43.5% 21.01% 2
1 Yr 25.7% -71.3% 2606.2% 40.00% 3
3 Yr 7.0% * -21.9% 43.7% 83.05% 5
5 Yr 14.6% * -5.0% 22.6% 49.52% 3
10 Yr 6.6% * 0.0% 12.4% 75.36% 4

* Annualized


Total Return Ranking - Calendar

Period FDFFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -6.9% -56.6% 126.1% 78.13% 5
2015 -6.2% -17.8% 28.8% 92.81% 5
2014 12.0% -10.0% 382.6% 51.59% 3
2013 43.7% -2.9% 615.0% 58.15% 3
2012 22.1% -100.0% 357.8% 53.76% 3

NAV & Total Return History

FDFFX - Holdings

Filings data as of: Oct 31, 2017

Concentration Analysis

FDFFX Category Low Category High FDFFX % Rank Quintile
Net Assets 3.92 B 373 K 174 B 6.04% 2
Number of Holdings 119 1 2196 6.88% 2
Net Assets in Top 10 1.24 B 0 43.4 B 6.23% 2
Weighting of Top 10 31.7% 0.0% 150.9% 22.43% 4

Top 10 Holdings

  1. Apple Inc 6.08%
  2. Alphabet Inc A 5.30%
  3. Bank of America Corporation 2.25%
  4. JPMorgan Chase & Co 2.62%
  5. Citigroup Inc 2.21%
  6. Amazon.com Inc 2.76%
  7. Facebook Inc A 2.62%
  8. Amgen Inc 2.91%
  9. Caterpillar Inc 2.67%
  10. Northrop Grumman Corp 2.25%

Asset Allocation

Weighting Category Low Category High FDFFX % Rank Quintile
Stocks
98.22% 0.00% 105.74% 9.25% 3
Cash
1.77% -5.74% 100.00% 12.47% 3
Preferred Stocks
0.01% 0.00% 7.47% 4.31% 1
Other
0.00% -4.38% 24.55% 7.07% 4
Convertible Bonds
0.00% 0.00% 5.06% 0.90% 4
Bonds
0.00% 0.00% 78.19% 3.53% 4

Stock Sector Breakdown

Weighting Category Low Category High FDFFX % Rank Quintile
Technology
24.83% -1.29% 52.93% 19.15% 4
Financial Services
18.00% -2.38% 38.51% 7.01% 1
Healthcare
13.41% -1.03% 95.08% 17.42% 4
Industrials
13.01% -0.37% 27.23% 5.72% 1
Consumer Cyclical
11.07% -2.22% 35.09% 22.88% 4
Consumer Defense
7.06% -1.43% 23.04% 10.48% 2
Energy
4.61% -1.24% 16.17% 8.16% 2
Basic Materials
3.56% -1.18% 21.53% 7.97% 2
Communication Services
1.25% 0.00% 14.37% 16.52% 4
Utilities
0.39% -0.18% 10.82% 7.33% 2
Real Estate
0.00% -0.03% 11.06% 14.91% 5

Stock Geographic Breakdown

Weighting Category Low Category High FDFFX % Rank Quintile
US
93.33% 0.00% 100.00% 12.60% 3
Non US
4.89% 0.00% 90.05% 14.40% 3

FDFFX - Expenses

Operational Fees

FDFFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.54% 0.00% 24.91% 15.83% 1
Management Fee 0.37% 0.00% 1.50% 4.50% 1
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 76.00% 0.00% 610.00% 5.53% 4

FDFFX - Distributions

Dividend Yield Analysis

FDFFX Category Low Category High FDFFX % Rank Quintile
Dividend Yield 0.1% 0.00% 2.83% 34.11% 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 0.59% -13.37% 3.70% 7.14% 2

Capital Gain Distribution Analysis

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

FDFFX - Managers

Jeffrey S. Feingold

Lead Manager

Start Date

Sep 30, 2016

Tenure

1.17

Tenure Rank

13.0%

Mr. Feingold joined Fidelity Investments in 1997 and he has worked as a research analyst and manager.


Tenure Analysis

Category Low

0.0

Category High

49.9

Category Average

7.51

Category Mode

0.7