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FDFFX Fidelity® Independence

  • Fund
  • FDFFX
  • Price as of: May 21, 2019
  • $36.10 + $0.30 + 0.84%
  • Category
  • Large Cap Growth Equities

FDFFX - Profile

Vitals

  • YTD Return 17.1%
  • 3 Yr Annualized Return 2.8%
  • 5 Yr Annualized Return -1.1%
  • Net Assets $3.75 B
  • Holdings in Top 10 32.2%

52 WEEK LOW AND HIGH

$36.10
$30.12
$42.21

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

Investment Themes

CATEGORY

Large Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 17.1%
  • 3 Yr Annualized Total Return 9.4%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.73%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 (%)
YTD 17.1% -7.9% 26.7% 66.29%
1 Yr -8.7% -63.9% 13.6% 74.48%
3 Yr 2.8%* -38.0% 20.9% 74.03%
5 Yr -1.1%* -30.7% 21.4% 75.31%
10 Yr 9.1%* -12.3% 17.3% 45.57%

* Annualized


Return Ranking - Calendar

Period FDFFX Return Category Return Low Category Return High Rank in Category (%)
2018 -17.3% -65.5% 5.0% 72.97%
2017 11.4% -24.8% 41.0% 79.67%
2016 -6.9% -56.6% 18.1% 81.61%
2015 -6.7% -38.0% 11.4% 70.73%
2014 6.5% -52.4% 105.4% 23.84%

Total Return Ranking - Trailing

Period FDFFX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.1% 0.0% 26.7% 66.11%
1 Yr -8.7% -63.9% 26.9% 84.00%
3 Yr 9.4%* -38.0% 27.3% 68.11%
5 Yr 3.7%* -30.7% 30.0% 80.23%
10 Yr 11.9%* -12.3% 19.0% 62.48%

* Annualized


Total Return Ranking - Calendar

Period FDFFX Return Category Return Low Category Return High Rank in Category (%)
2018 -17.3% -65.5% 16.5% 82.06%
2017 26.4% -24.8% 48.9% 42.17%
2016 -1.2% -56.6% 26.8% 76.92%
2015 -6.2% -38.0% 17.3% 88.77%
2014 11.7% -52.4% 120.7% 28.77%

NAV & Total Return History

FDFFX - Holdings

Concentration Analysis

FDFFX Category Low Category High FDFFX % Rank
Net Assets 3.75 B 898 K 195 B 31.79%
Number of Holdings 116 6 2046 24.37%
Net Assets in Top 10 1.17 B 519 K 54.6 B 36.51%
Weighting of Top 10 32.21% 12.8% 2580.2% 74.67%

Top 10 Holdings

  1. Microsoft Corp 6.95%

  2. Alphabet Inc A 4.73%

  3. Amazon.com Inc 4.32%

  4. Apple Inc 3.20%

  5. UnitedHealth Group Inc 2.39%

  6. JPMorgan Chase & Co 2.37%

  7. American Tower Corp 2.25%

  8. Visa Inc Class A 2.16%

  9. The Home Depot Inc 1.94%

  10. Mastercard Inc A 1.90%


Asset Allocation

Weighting Return Low Return High FDFFX % Rank
Stocks
96.67% 17.54% 113.56% 71.79%
Cash
2.66% -2546.61% 57.26% 33.62%
Other
0.54% -13.96% 43.00% 8.12%
Preferred Stocks
0.12% 0.00% 14.01% 12.23%
Convertible Bonds
0.00% 0.00% 2.57% 53.36%
Bonds
0.00% -0.01% 2544.23% 53.71%

Stock Sector Breakdown

Weighting Return Low Return High FDFFX % Rank
Technology
27.79% 0.00% 62.60% 59.56%
Financial Services
16.68% 0.00% 39.70% 17.47%
Healthcare
15.01% 0.00% 96.81% 45.59%
Consumer Cyclical
14.52% 0.00% 35.86% 63.06%
Industrials
10.37% 0.00% 25.15% 40.44%
Energy
4.27% 0.00% 14.90% 22.45%
Consumer Defense
3.68% 0.00% 16.35% 64.80%
Communication Services
2.25% 0.00% 14.60% 42.71%
Real Estate
0.95% 0.00% 9.48% 44.02%
Basic Materials
0.65% 0.00% 12.25% 73.62%
Utilities
0.49% 0.00% 15.76% 28.21%

Stock Geographic Breakdown

Weighting Return Low Return High FDFFX % Rank
US
93.30% 6.81% 113.56% 45.85%
Non US
3.37% 0.00% 91.58% 56.86%

FDFFX - Expenses

Operational Fees

FDFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.00% 15.15% 93.01%
Management Fee 0.34% 0.00% 1.44% 11.00%
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 2.50% 8.50% 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 0.05% 5.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 46.00% 0.00% 650.00% 61.48%

FDFFX - Distributions

Dividend Yield Analysis

FDFFX Category Low Category High FDFFX % Rank
Dividend Yield 0.01% 0.00% 0.12% 16.59%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FDFFX Category Low Category High FDFFX % Rank
Net Income Ratio 0.73% -14.30% 2.62% 14.93%

Capital Gain Distribution Analysis

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

FDFFX - Managers

Jeffrey S. Feingold

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2016

2.58

2.6%

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


Sammy Simnegar

Manager

Start Date

Tenure

Tenure Rank

Feb 22, 2019

0.18

0.2%

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

51.36

Category Average

8.53

Category Mode

0.0