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FSDIX Fidelity® Strategic Dividend & Income®

  • Fund
  • FSDIX
  • Price as of: Dec 15, 2017
  • $16.11
  • + $0.10
  • + 0.63%
  • Category
  • Total Dividend

FSDIX - Profile

Vitals

  • YTD Return 10.3%
  • 3 Yr Annualized Return 7.5%
  • 5 Yr Annualized Return 10.9%
  • Net Assets $5.26 B
  • Holdings in Top 10 37.2%

52 WEEK LOW AND HIGH

$16.11
$14.57
$16.11

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.75%

SALES FEES

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

BROKERAGE FEES

  • Turnover 60.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Total Dividend
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--70% to 85% Equity

Distributions

  • YTD Total Return 10.3%
  • 3 Yr Annualized Total Return 7.5%
  • 5 Yr Annualized Total Return 10.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.94%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Fidelity® Strategic Dividend & Income® Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Dec 23, 2003
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Scott Offen

Fund Description

The Fidelity Strategic Dividend & Income Fund (FSDIX) is a low-cost, actively managed fund that seeks to provide income from dividends. The fund invests in common dividend-paying stocks (50%), REITs (15%), and convertible (15%) and preferred stocks (20%). FSDIX focuses on value stocks through its fundamental analysis and can invest in any market-cap size. However, FSDIX limits its exposure to U.S. securities.

Given its focus on equity income, FSDIX provides a nice balance to a traditional fixed-income portfolio and can be used as a core offering. The fund is internally managed by Fidelity.

FSDIX - Performance

Return Ranking - Trailing

Period FSDIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 10.3% -25.9% 31.1% 40.61% 3
1 Yr 14.2% -17.5% 35.0% 65.18% 4
3 Yr 7.5% * -8.3% 15.6% 44.84% 3
5 Yr 10.9% * -6.4% 16.3% 53.37% 3
10 Yr 6.4% * -5.1% 10.8% 44.22% 3

* Annualized


Return Ranking - Calendar

Period FSDIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 7.3% -27.5% 31.0% 36.32% 2
2015 -7.1% -27.5% 7.7% 35.04% 3
2014 4.3% -19.0% 24.0% 23.72% 2
2013 14.0% -9.2% 33.4% 67.08% 4
2012 11.8% -13.5% 22.8% 13.15% 1

Total Return Ranking - Trailing

Period FSDIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 10.3% -25.9% 31.1% 40.71% 3
1 Yr 14.2% -21.5% 50.7% 53.88% 3
3 Yr 7.5% * -9.4% 15.6% 39.80% 2
5 Yr 10.9% * -6.8% 16.3% 51.03% 3
10 Yr 6.4% * -5.1% 10.8% 43.82% 3

* Annualized


Total Return Ranking - Calendar

Period FSDIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 9.5% -27.5% 31.0% 35.61% 2
2015 -4.1% -21.6% 106.1% 54.87% 3
2014 15.1% -12.9% 41.2% 9.73% 1
2013 21.9% -2.2% 205.2% 81.17% 5
2012 19.5% -14.6% 546.4% 35.76% 2

NAV & Total Return History

FSDIX - Holdings

Filings data as of: Oct 31, 2017

Concentration Analysis

FSDIX Category Low Category High FSDIX % Rank Quintile
Net Assets 5.26 B 657 K 32.2 B 5.13% 1
Number of Holdings 211 1 1860 2.80% 1
Net Assets in Top 10 1.93 B -663 K 10.3 B 3.73% 1
Weighting of Top 10 37.2% 0.0% 101.6% 7.46% 2

Top 10 Holdings

  1. Johnson & Johnson 1.96%
  2. Procter & Gamble Co 2.34%
  3. Microsoft Corp 4.35%
  4. Cisco Systems Inc 2.02%
  5. Amgen Inc 1.83%
  6. Intel Corp 2.01%
  7. Verizon Communications Inc 2.59%
  8. Unilever NV ADR 1.74%
  9. British American Tobacco PLC ADR 1.58%
  10. Convertible Sub-Portfolio Positions 16.73%

Asset Allocation

Weighting Category Low Category High FSDIX % Rank Quintile
Stocks
64.42% 0.00% 214.87% 30.30% 5
Convertible Bonds
16.87% 0.00% 16.87% 0.23% 1
Preferred Stocks
9.86% 0.00% 10.92% 0.70% 1
Cash
6.94% -11.85% 100.00% 4.43% 1
Bonds
1.91% 0.00% 61.55% 3.96% 1
Other
0.00% -123.33% 11.74% 11.66% 4

Stock Sector Breakdown

Weighting Category Low Category High FSDIX % Rank Quintile
Real Estate
13.02% 0.00% 20.34% 1.40% 1
Consumer Defense
11.92% 0.00% 39.93% 9.79% 2
Technology
11.11% 0.00% 39.70% 19.58% 3
Healthcare
8.01% 0.00% 26.95% 22.84% 4
Utilities
4.02% 0.00% 42.32% 15.62% 3
Energy
3.66% 0.00% 31.60% 28.90% 5
Financial Services
3.21% 0.00% 37.06% 32.63% 5
Industrials
3.02% 0.00% 34.94% 33.57% 5
Communication Services
2.64% 0.00% 39.83% 25.41% 4
Consumer Cyclical
2.40% 0.00% 33.15% 31.47% 5
Basic Materials
1.41% 0.00% 12.90% 26.11% 5

Stock Geographic Breakdown

Weighting Category Low Category High FSDIX % Rank Quintile
US
58.51% -1.17% 200.20% 23.31% 4
Non US
5.91% 0.00% 100.38% 21.68% 4

Bond Sector Breakdown

Weighting Category Low Category High FSDIX % Rank Quintile
Corporate
28.64% 0.00% 39.24% 0.93% 1
Cash & Equivalents
6.94% -11.89% 100.00% 4.44% 1
Derivative
0.00% -13.24% 12.86% 1.17% 4
Securitized
0.00% 0.00% 15.98% 2.57% 4
Municipal
0.00% 0.00% 4.97% 1.64% 4
Government
0.00% 0.00% 23.69% 3.50% 4

Bond Geographic Breakdown

Weighting Category Low Category High FSDIX % Rank Quintile
US
1.62% 0.00% 36.61% 3.96% 1
Non US
0.29% 0.00% 25.77% 3.03% 1

FSDIX - Expenses

Operational Fees

FSDIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.75% 0.08% 42.29% 41.49% 1
Management Fee 0.55% 0.07% 1.25% 7.93% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.85% N/A N/A

Sales Fees

FSDIX Fees (% of AUM) Category Low Category High FSDIX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

FSDIX Fees (% of AUM) Category Low Category High FSDIX Rank Quintile
Max Redemption Fee N/A 0.50% 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.

FSDIX Fees (% of AUM) Category Low Category High FSDIX Rank Quintile
Turnover 60.00% 3.09% 504.01% 8.62% 4

FSDIX - Distributions

Dividend Yield Analysis

FSDIX Category Low Category High FSDIX % Rank Quintile
Dividend Yield 0.4% 0.00% 2.15% 28.81% 2

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FSDIX Category Low Category High FSDIX % Rank Quintile
Net Income Ratio 2.94% -0.74% 6.13% 13.29% 1

Capital Gain Distribution Analysis

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

FSDIX - Managers

Scott Offen

Manager

Start Date

Jul 31, 2006

Tenure

11.34

Tenure Rank

3.6%

Scott Offen is portfolio manager of the fund, which he has managed since October 2011. He also manages other Fidelity funds. Since joining Fidelity Investments in 1985, Mr. Offen has worked as a research analyst and portfolio manager.


Adam Kramer

Lead Manager

Start Date

Aug 31, 2007

Tenure

10.26

Tenure Rank

4.3%

Adam Kramer is co-manager of Fidelity Funds, which he has managed since October 2011. Since joining Fidelity Investments in 2000, Mr. Kramer has worked as a research analyst, a portfolio assistant, and a portfolio manager.


Ford E. O'Neil

Lead Manager

Start Date

Jun 15, 2012

Tenure

5.46

Tenure Rank

10.2%

Ford O’Neil is a portfolio manager at FMRCo. In this role, Mr. O’Neil manages various retail and institutional taxable bond funds/portfolios. His responsibilities include managing multiple Fidelity and Fidelity Advisor funds and various institutional comingled pools. Prior to assuming his current role, he worked as an analyst focusing on the utility sector from 1990 to 1992. Mr. O’Neil joined Fidelity in 1990 and has been in the investments industry since 1985. He earned his bachelor of arts degree from Harvard College and his MBA from The Wharton School at the University of Pennsylvania.


Samuel J. Wald

Manager

Start Date

Dec 23, 2003

Tenure

13.95

Tenure Rank

2.3%

Wald is a vice president and portfolio manager with Fidelity Investments. Since joining Fidelity in 1996, he has worked as a research analyst, associate portfolio manager and manager.


Ramona Persaud

Manager

Start Date

Apr 30, 2017

Tenure

0.59

Tenure Rank

19.6%

Ramona Persaud has joined Fidelity Investments since 2003 and has worked as a research analyst and portfolio manager.


Brian Chang

Manager

Start Date

Sep 08, 2017

Tenure

0.23

Tenure Rank

20.1%

Since joining Fidelity Investments in 2007, Mr. Chang has worked as a research analyst and portfolio manager.


Tenure Analysis

Category Low

0.1

Category High

27.8

Category Average

5.7

Category Mode

0.7