FDFFX: Fidelity® Independence

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FDFFX Fidelity® Independence

  • Fund
  • FDFFX
  • Price as of: Dec 04, 2019
  • $39.34
    + $0.14 + 0.36%

Profile

FDFFX - Profile

Vitals

  • YTD Return 27.6%
  • 3 Yr Annualized Return 3.6%
  • 5 Yr Annualized Return -0.8%
  • Net Assets $3.7 B
  • Holdings in Top 10 25.3%

52 WEEK LOW AND HIGH

$39.34
$30.12
$39.91

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.50%

SALES FEES

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

BROKERAGE FEES

  • Turnover 46.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA $2,500

Fund Classification


Distributions

  • YTD Total Return 27.6%
  • 3 Yr Annualized Total Return 10.3%
  • 5 Yr Annualized Total Return 4.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.73%
DIVIDENDS
  • Dividend Yield 0.6%
  • 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.


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Performance

FDFFX - Performance

Return Ranking - Trailing

Period FDFFX Return Category Return Low Category Return High Rank in Category (%)
YTD 27.6% -69.0% 58.1% 43.69%
1 Yr 5.0% -49.1% 38.8% 70.08%
3 Yr 3.6%* -37.9% 23.7% 81.14%
5 Yr -0.8%* -32.3% 16.2% 80.39%
10 Yr 7.3%* -14.2% 17.8% 65.36%

* Annualized

Return Ranking - Calendar

Period FDFFX Return Category Return Low Category Return High Rank in Category (%)
2018 -17.3% -65.5% 13.4% 75.19%
2017 11.4% -46.3% 37.5% 83.19%
2016 -6.9% -43.3% 15.3% 80.76%
2015 -6.7% -38.0% 11.4% 71.19%
2014 6.5% -52.4% 105.4% 24.64%

Total Return Ranking - Trailing

Period FDFFX Return Category Return Low Category Return High Rank in Category (%)
YTD 27.6% -69.0% 58.1% 43.69%
1 Yr 5.0% -49.1% 38.8% 78.17%
3 Yr 10.3%* -37.9% 31.2% 74.83%
5 Yr 4.1%* -32.3% 16.5% 80.68%
10 Yr 10.0%* -14.2% 17.8% 74.59%

* Annualized

Total Return Ranking - Calendar

Period FDFFX Return Category Return Low Category Return High Rank in Category (%)
2018 -17.3% -65.5% 16.5% 83.43%
2017 26.4% -28.2% 51.5% 46.90%
2016 -1.2% -43.3% 17.1% 74.65%
2015 -6.2% -38.0% 17.3% 87.24%
2014 11.7% -52.4% 120.7% 29.11%

NAV & Total Return History


Holdings

FDFFX - Holdings

Concentration Analysis

FDFFX Category Low Category High FDFFX % Rank
Net Assets 3.7 B 1.19 M 191 B 28.49%
Number of Holdings 93 7 2089 28.96%
Net Assets in Top 10 934 M 421 K 53.6 B 35.64%
Weighting of Top 10 25.32% 12.0% 100.0% 91.38%

Top 10 Holdings

  1. Microsoft Corp 5.36%
  2. Apple Inc 3.89%
  3. Amazon.com Inc 3.75%
  4. Visa Inc Class A 2.18%
  5. Mastercard Inc A 1.99%
  6. The Home Depot Inc 1.86%
  7. Facebook Inc A 1.60%
  8. UnitedHealth Group Inc 1.60%
  9. The Walt Disney Co 1.57%
  10. Alphabet Inc Class C 1.53%

Asset Allocation

Weighting Return Low Return High FDFFX % Rank
Stocks
98.25% 80.50% 105.55% 56.83%
Cash
1.63% -5.55% 16.25% 38.90%
Preferred Stocks
0.13% 0.00% 2.51% 9.63%
Other
0.00% -1.10% 3.97% 93.94%
Convertible Bonds
0.00% 0.00% 0.02% 95.34%
Bonds
0.00% 0.00% 3.92% 95.34%

Stock Sector Breakdown

Weighting Return Low Return High FDFFX % Rank
Technology
29.35% 7.44% 60.96% 57.61%
Consumer Cyclical
14.95% 0.00% 49.54% 58.77%
Industrials
14.55% 0.00% 27.83% 8.46%
Healthcare
10.24% 0.00% 38.88% 84.78%
Financial Services
10.06% 0.00% 32.66% 67.86%
Real Estate
8.31% 0.00% 10.94% 1.40%
Consumer Defense
3.79% 0.00% 17.22% 66.30%
Basic Materials
3.06% 0.00% 11.24% 21.89%
Communication Services
2.50% 0.00% 28.18% 38.04%
Utilities
1.42% -0.01% 7.67% 16.38%
Energy
0.00% -0.02% 7.56% 97.90%

Stock Geographic Breakdown

Weighting Return Low Return High FDFFX % Rank
US
96.27% 80.50% 100.50% 30.98%
Non US
1.98% 0.00% 17.37% 70.57%

Expenses

FDFFX - Expenses

Operational Fees

FDFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.00% 165.48% 93.82%
Management Fee 0.34% 0.00% 1.40% 7.93%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 1.02% N/A

Sales Fees

FDFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 25.00% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FDFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 5.00% N/A

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 Return Low Category Return High Rank in Category (%)
Turnover 46.00% 0.00% 536.00% 59.31%

Distributions

FDFFX - Distributions

Dividend Yield Analysis

FDFFX Category Low Category High FDFFX % Rank
Dividend Yield 0.56% 0.00% 15.36% 9.94%

Dividend Distribution Analysis

FDFFX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

FDFFX Category Low Category High FDFFX % Rank
Net Income Ratio 0.73% -7.55% 1.83% 12.20%

Capital Gain Distribution Analysis

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

Dividend Payout History

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Fund Manager Analysis

FDFFX - Fund Manager Analysis

Managers

Jeffrey S. Feingold


Start Date

Tenure

Tenure Rank

Sep 30, 2016

3.08

3.1%

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

Sammy Simnegar


Start Date

Tenure

Tenure Rank

Feb 22, 2019

0.69

0.7%

Mr. Simnegar is a portfolio manager for Fidelity Investments. Since joining Fidelity Investments in 1998, Mr. Simnegar has worked as an equity research analyst and portfolio manager.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 51.86 7.94 0.5