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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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| Period | FDFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 24.4% | -34.6% | 38.4% | 33.90% |
| 1 Yr | -8.1% | -63.5% | 19.0% | 62.52% |
| 3 Yr | 3.2%* | -39.2% | 22.7% | 73.12% |
| 5 Yr | -1.4%* | -32.5% | 15.3% | 74.49% |
| 10 Yr | 7.2%* | -14.0% | 16.4% | 52.02% |
* Annualized
| Period | FDFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -17.3% | -65.5% | 9.4% | 75.02% |
| 2017 | 11.4% | -46.3% | 37.5% | 83.18% |
| 2016 | -6.9% | -43.3% | 13.0% | 81.14% |
| 2015 | -6.7% | -38.0% | 11.4% | 71.27% |
| 2014 | 6.5% | -52.4% | 105.4% | 25.81% |
| Period | FDFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 24.4% | -34.6% | 38.4% | 33.90% |
| 1 Yr | -8.1% | -63.5% | 19.9% | 76.26% |
| 3 Yr | 9.8%* | -39.2% | 27.5% | 66.79% |
| 5 Yr | 3.4%* | -32.5% | 16.4% | 79.45% |
| 10 Yr | 9.9%* | -14.0% | 17.3% | 68.44% |
* Annualized
| Period | FDFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -17.3% | -65.5% | 16.5% | 83.76% |
| 2017 | 26.4% | -28.2% | 51.5% | 47.76% |
| 2016 | -1.2% | -43.3% | 15.6% | 75.16% |
| 2015 | -6.2% | -38.0% | 17.3% | 88.81% |
| 2014 | 11.7% | -52.4% | 120.7% | 29.80% |
| FDFFX | Category Low | Category High | FDFFX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.73 B | 1.12 M | 188 B | 28.56% |
| Number of Holdings | 100 | 7 | 2106 | 26.82% |
| Net Assets in Top 10 | 1.01 B | 301 K | 56.6 B | 33.78% |
| Weighting of Top 10 | 26.82% | 11.7% | 100.0% | 88.37% |
| Weighting | Return Low | Return High | FDFFX % Rank | |
|---|---|---|---|---|
| Stocks | 97.40% | 85.30% | 101.37% | 65.66% |
| Cash | 2.05% | -2.02% | 14.62% | 37.90% |
| Other | 0.43% | -0.63% | 3.74% | 6.33% |
| Preferred Stocks | 0.12% | 0.00% | 5.08% | 11.55% |
| Convertible Bonds | 0.00% | 0.00% | 0.10% | 49.45% |
| Bonds | 0.00% | 0.00% | 2.29% | 51.19% |
| Weighting | Return Low | Return High | FDFFX % Rank | |
|---|---|---|---|---|
| Technology | 28.19% | 6.68% | 62.82% | 71.12% |
| Industrials | 16.07% | 0.00% | 28.35% | 4.67% |
| Consumer Cyclical | 16.07% | 0.00% | 34.07% | 55.93% |
| Financial Services | 12.50% | 0.00% | 39.16% | 46.84% |
| Healthcare | 9.06% | 0.68% | 45.99% | 92.01% |
| Real Estate | 4.36% | 0.00% | 7.16% | 6.65% |
| Consumer Defense | 3.67% | 0.00% | 18.23% | 64.56% |
| Communication Services | 3.62% | 0.00% | 13.96% | 16.22% |
| Basic Materials | 2.63% | 0.00% | 10.95% | 29.67% |
| Utilities | 1.24% | -0.01% | 7.75% | 15.82% |
| Energy | 0.00% | -0.01% | 11.07% | 78.96% |
| Weighting | Return Low | Return High | FDFFX % Rank | |
|---|---|---|---|---|
| US | 93.73% | 79.62% | 100.21% | 47.78% |
| Non US | 3.67% | 0.00% | 16.82% | 53.16% |
| FDFFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.50% | 0.00% | 283.30% | 93.85% |
| Management Fee | 0.34% | 0.00% | 1.40% | 7.99% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 1.02% | N/A |
| FDFFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 25.00% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
| FDFFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 5.00% | N/A |
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% | 476.00% | 59.38% |
| FDFFX | Category Low | Category High | FDFFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.58% | 0.00% | 15.70% | 10.76% |
| FDFFX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
| Date | Amount |
|---|---|
| Dec 27, 2018 | $0.221 |
| Dec 27, 2017 | $0.405 |
| Dec 28, 2016 | $0.184 |
| Dec 15, 2014 | $0.043 |
| Dec 16, 2013 | $0.110 |
| Dec 28, 2012 | $0.004 |
| Dec 17, 2012 | $0.045 |
| Dec 19, 2011 | $0.058 |
| Dec 14, 2009 | $0.033 |
| Dec 15, 2008 | $0.085 |
| Dec 18, 2006 | $0.100 |
| Dec 19, 2005 | $0.040 |
| Jan 10, 2005 | $0.010 |
| Dec 20, 2004 | $0.100 |
| Dec 22, 2003 | $0.100 |
| Dec 23, 2002 | $0.210 |
| Dec 24, 2001 | $0.200 |
| Dec 26, 2000 | $0.080 |
| Dec 20, 1999 | $0.050 |
| Dec 21, 1998 | $0.140 |
| Dec 23, 1996 | $0.261 |
| FDFFX | Category Low | Category High | FDFFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.73% | -7.60% | 1.83% | 10.93% |
| FDFFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Manager
Start Date
Tenure
Tenure Rank
Sep 30, 2016
2.92
2.9%
Mr. Feingold joined Fidelity Investments in 1997 and he has worked as a research analyst and manager.
Manager
Start Date
Tenure
Tenure Rank
Feb 22, 2019
0.52
0.5%
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
0.0
Category High
51.7
Category Average
8.11
Category Mode
0.33
MUTUAL FUND EDUCATION
MUTUAL FUND EDUCATION
