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FPURX Fidelity® Puritan®

  • Fund
  • FPURX
  • Price as of: Dec 07, 2016
  • $20.93
  • + $0.18
  • + 0.87%
  • Category
  • Diversified Portfolio

FPURX - Profile

Vitals

  • YTD Return 3.0%
  • 3 Yr Annualized Return -0.6%
  • 5 Yr Annualized Return 3.2%
  • Net Assets $25.1 B
  • Holdings in Top 10 18.7%

52 WEEK LOW AND HIGH

$20.93
$18.57
$21.22

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.56%

SALES FEES

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

BROKERAGE FEES

  • Turnover 36.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 5.3%
  • 3 Yr Annualized Total Return 7.1%
  • 5 Yr Annualized Total Return 13.3%
  • Capital Gain Distribution Frequency Semi-Monthly
  • Net Income Ratio 1.77%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Fidelity® Puritan® Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Apr 16, 1947
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Ramin Arani

Fund Description

The Fidelity Puritan Fund (FPURX) is an actively managed moderate-allocation fund that seeks to provide steady growth of capital and a reasonable amount of income. The fund invests in both domestic and foreign large-cap stocks as well as a variety of fixed-income securities. These can include junk bonds and convertible/preferred bonds. Under a market neutral outlook the fund seeks to keep a 60/40 split between stocks and bonds. However, the fund can shift its holdings based on a variety of fundamental factors.

With its broad mix of stocks and bonds, FPURX makes for great core choice. The fund is managed by Fidelity.

FPURX - Performance

Return Ranking - Trailing

Period FPURX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.0% -66.0% 23.3% 58.83% 4
1 Yr 1.5% -37.1% 45.9% 70.96% 4
3 Yr -0.6% * -13.0% 11.8% 86.64% 5
5 Yr 3.2% * -11.0% 13.7% 82.12% 5
10 Yr 0.3% * -5.5% 8.1% 90.06% 5

* Annualized


Return Ranking - Calendar

Period FPURX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.4% -37.7% 48.7% 32.82% 2
2014 1.2% -59.3% 14.8% 33.18% 2
2013 9.4% -17.5% 36.4% 39.87% 3
2012 9.7% -16.2% 18.4% 29.07% 2
2011 -1.2% -30.5% 7.4% 28.68% 2

Total Return Ranking - Trailing

Period FPURX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.3% -65.8% 32.0% 49.07% 3
1 Yr 3.7% -40.3% 73.2% 33.98% 2
3 Yr 7.1% * -14.0% 28.2% 2.08% 1
5 Yr 13.3% * -11.4% 13.7% 0.56% 1
10 Yr 15.1% * -5.5% 8.1% 0.08% 1

* Annualized


Total Return Ranking - Calendar

Period FPURX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 1.5% -29.3% 50.4% 3.98% 1
2014 12.5% -54.8% 25.4% 2.45% 1
2013 28.2% -16.7% 57.2% 7.92% 1
2012 21.7% -16.2% 74.5% 5.49% 1
2011 1.1% -25.3% 15.8% 37.28% 2

NAV & Total Return History

FPURX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

FPURX Category Low Category High FPURX % Rank Quintile
Net Assets 25.1 B 81.4 K 100 B 0.50% 1
Number of Holdings 1128 1 12494 3.20% 1
Net Assets in Top 10 4.32 B -654 M 20.2 B 1.42% 1
Weighting of Top 10 18.7% 0.2% 816.2% 27.96% 5

Top 10 Holdings

  1. Apple Inc 2.82%
  2. Facebook Inc A 1.90%
  3. Visa Inc Class A 1.61%
  4. Alphabet Inc C 3.29%
  5. Medtronic PLC 1.58%
  6. Microsoft Corp 1.89%
  7. Amazon.com Inc 1.75%
  8. Amgen Inc 1.43%
  9. Johnson & Johnson 1.13%
  10. US Treasury Bond 3% 1.28%

Asset Allocation

Weighting Category Low Category High FPURX % Rank Quintile
Stocks
70.40% -49.32% 151.04% 5.98% 1
Bonds
25.20% -41.48% 861.65% 23.39% 4
Cash
3.90% -794.77% 139.25% 20.00% 4
Other
0.30% -15.48% 99.72% 17.25% 4
Preferred Stocks
0.17% -0.92% 35.22% 8.10% 3
Convertible Bonds
0.04% 0.00% 33.12% 7.28% 3

Stock Sector Breakdown

Weighting Category Low Category High FPURX % Rank Quintile
Technology
16.27% -8.03% 70.04% 0.93% 1
Healthcare
11.53% -1.46% 29.90% 2.37% 1
Financial Services
8.99% -5.07% 69.58% 10.86% 2
Consumer Cyclical
8.12% -6.02% 54.37% 7.10% 2
Consumer Defense
6.78% -4.74% 27.69% 4.41% 1
Industrials
6.44% -4.02% 48.84% 10.31% 2
Energy
3.58% -2.68% 33.46% 10.72% 3
Communication Services
3.29% -2.53% 27.16% 4.13% 1
Basic Materials
1.99% -1.82% 21.85% 10.58% 3
Real Estate
1.31% -8.01% 48.98% 15.27% 4
Utilities
0.54% -7.18% 47.20% 12.81% 4

Stock Geographic Breakdown

Weighting Category Low Category High FPURX % Rank Quintile
US
65.71% -97.12% 148.25% 2.75% 1
Non US
4.69% -2.98% 150.26% 21.51% 4

Bond Sector Breakdown

Weighting Category Low Category High FPURX % Rank Quintile
Corporate
11.86% 0.00% 90.42% 19.22% 4
Government
7.21% -91.64% 806.44% 17.21% 3
Securitized
5.56% -0.01% 40.54% 14.83% 3
Cash & Equivalents
3.90% -794.84% 138.37% 19.36% 3
Municipal
0.78% 0.00% 91.28% 4.44% 1
Derivative
0.00% -84.53% 32.28% 3.39% 4

Bond Geographic Breakdown

Weighting Category Low Category High FPURX % Rank Quintile
US
23.34% -154.38% 699.68% 20.50% 4
Non US
1.86% -57.44% 198.64% 21.78% 4

FPURX - Expenses

Operational Fees

FPURX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.56% 0.00% 165.34% 16.48% 1
Management Fee 0.40% 0.00% 2.55% 3.99% 3
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.83% N/A N/A

Sales Fees

FPURX Fees (% of AUM) Category Low Category High FPURX Rank Quintile
Front Load N/A 0.14% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

FPURX Fees (% of AUM) Category Low Category High FPURX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% 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.

FPURX Fees (% of AUM) Category Low Category High FPURX Rank Quintile
Turnover 36.00% 0.00% 5609.00% 11.26% 3

FPURX - Distributions

Dividend Yield Analysis

FPURX Category Low Category High FPURX % Rank Quintile
Dividend Yield 0.4% 0.00% 11.33% 12.64% 1

Dividend Distribution Analysis

FPURX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FPURX Category Low Category High FPURX % Rank Quintile
Net Income Ratio 1.77% -2.96% 9.94% 11.63% 2

Capital Gain Distribution Analysis

FPURX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Monthly Annually Daily Annually

FPURX - Managers

Ramin Arani

Lead Manager

Start Date

Feb 01, 2007

Tenure

9.75

Tenure Rank

2.4%

Arani is a portfolio manager with Fidelity Investments, his employer since 1992. He joined the firm as a research associate covering defense electronics and became an analyst covering real estate investment trusts in 1996. He became a portfolio manager in 1997.


Harley Lank

Manager

Start Date

Aug 31, 2003

Tenure

13.18

Tenure Rank

1.4%

Harley Lank is a vice-president and portfolio manager for Fidelity Investments. He joined Fidelity in 1996 as an analyst in the high income group, and has been with Fidelity’s high-income division for the past 11 years. Mr. Lank received a BS in business from Syracuse University, and an MBA from the Wharton School of Business at the University of Pennsylvania.


Michael Plage

Manager

Start Date

Jul 31, 2015

Tenure

1.25

Tenure Rank

7.7%

Michael Plage is a portfolio manager in the Fixed Income division at Fidelity Management & Research Company (FMRCo), the investment advisor for Fidelity’s family of mutual funds. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and other financial products and services to more than 20 million individuals, institutions and financial intermediaries. In this role, he manages Institutional and Retail Fixed Income portfolios within credit and diversified strategies. Prior to assuming his current position in December 2009, Mike worked as a Fixed Income trader at FMRCo from 2005 to 2009. Before joining Fidelity in 2005, he was a trader at Travelers Insurance (Citigroup) from 1997 to 2005. He has been in the investments industry since 1997. Mike earned his bachelor of science degree in management from the University of South Carolina and his master of business administration degree in finance from the University of Connecticut. He is also a Chartered Financial Analyst (CFA) charterholder.


Tenure Analysis

Category Low

0.0

Category High

35.9

Category Average

5.47

Category Mode

1.9