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FPURX Fidelity® Puritan®

  • Fund
  • FPURX
  • Price as of: May 23, 2019
  • $21.35 - $0.19 - 0.88%
  • Category
  • Diversified Portfolio

FPURX - Profile

Vitals

  • YTD Return 8.9%
  • 3 Yr Annualized Return 1.5%
  • 5 Yr Annualized Return -0.4%
  • Net Assets $27.6 B
  • Holdings in Top 10 18.7%

52 WEEK LOW AND HIGH

$21.35
$18.75
$25.18

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.54%

SALES FEES

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

BROKERAGE FEES

  • Turnover 44.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

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 8.9%
  • 3 Yr Annualized Total Return 8.9%
  • 5 Yr Annualized Total Return 7.4%
  • Capital Gain Distribution Frequency Semi-Monthly
  • Net Income Ratio 1.54%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 Harley Lank

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 (%)
YTD 8.9% -3.6% 18.6% 37.38%
1 Yr -10.9% -27.6% 10.7% 91.51%
3 Yr 1.5%* -9.2% 14.1% 42.15%
5 Yr -0.4%* -24.5% 8.6% 38.26%
10 Yr 4.7%* -14.3% 9.7% 35.84%

* Annualized


Return Ranking - Calendar

Period FPURX Return Category Return Low Category Return High Rank in Category (%)
2018 -16.3% -34.6% 1.6% 86.81%
2017 13.8% -12.4% 33.2% 6.25%
2016 1.2% -65.8% 23.3% 78.85%
2015 -5.4% -64.9% 4.8% 36.99%
2014 1.2% -59.3% 68.3% 41.34%

Total Return Ranking - Trailing

Period FPURX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.9% -3.6% 18.6% 38.27%
1 Yr 1.6% -25.5% 11.4% 26.09%
3 Yr 8.9%* -9.2% 14.1% 3.97%
5 Yr 7.4%* -21.8% 47.6% 1.31%
10 Yr 11.0%* -12.6% 13.3% 2.02%

* Annualized


Total Return Ranking - Calendar

Period FPURX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.2% -32.7% 1.6% 17.50%
2017 18.8% -8.4% 33.2% 5.17%
2016 5.0% -65.2% 23.3% 61.03%
2015 1.7% -62.9% 9.2% 2.56%
2014 11.3% -28.5% 76.9% 1.89%

NAV & Total Return History

FPURX - Holdings

Concentration Analysis

FPURX Category Low Category High FPURX % Rank
Net Assets 27.6 B 608 K 144 B 2.59%
Number of Holdings 1609 2 13342 10.25%
Net Assets in Top 10 5.1 B -752 M 26.4 B 6.26%
Weighting of Top 10 18.68% 0.0% 3196.0% 86.97%

Top 10 Holdings

  1. Microsoft Corp 3.42%

  2. United States Treasury Notes 1.75% 3.04%

  3. Alphabet Inc Class C 2.26%

  4. Bank of America Corporation 2.02%

  5. Salesforce.com Inc 1.60%

  6. Amazon.com Inc 1.56%

  7. UnitedHealth Group Inc 1.32%

  8. United States Treasury Bonds 3% 1.25%

  9. Vertex Pharmaceuticals Inc 1.11%

  10. American Tower Corp 1.10%


Asset Allocation

Weighting Return Low Return High FPURX % Rank
Stocks
63.79% -18.54% 99.89% 24.67%
Bonds
32.69% -342.57% 261.66% 61.61%
Cash
2.22% -285.07% 453.71% 69.83%
Preferred Stocks
1.22% 0.00% 65.70% 12.78%
Convertible Bonds
0.08% -0.09% 39.88% 66.10%
Other
0.00% -253.31% 51.84% 77.93%

Stock Sector Breakdown

Weighting Return Low Return High FPURX % Rank
Technology
15.85% -9.43% 28.91% 6.33%
Healthcare
12.75% -2.72% 24.64% 3.23%
Financial Services
8.83% -0.38% 47.66% 41.46%
Consumer Cyclical
6.85% -10.37% 33.33% 34.24%
Industrials
6.75% -0.28% 27.79% 28.92%
Consumer Defense
3.26% -1.62% 18.58% 56.01%
Energy
2.24% -2.23% 32.61% 68.23%
Communication Services
2.23% -0.92% 7.52% 24.49%
Basic Materials
2.03% -1.52% 21.64% 47.15%
Utilities
1.30% -0.60% 23.50% 61.08%
Real Estate
0.67% -3.85% 73.69% 81.01%

Stock Geographic Breakdown

Weighting Return Low Return High FPURX % Rank
US
59.88% -20.21% 124.70% 8.35%
Non US
3.91% -91.46% 98.02% 75.59%

Bond Sector Breakdown

Weighting Return Low Return High FPURX % Rank
Corporate
15.51% 0.00% 93.54% 45.92%
Government
10.15% -203.24% 254.66% 53.57%
Securitized
8.27% 0.00% 43.20% 48.20%
Cash & Equivalents
1.50% -278.69% 455.04% 76.85%
Municipal
0.29% 0.00% 99.76% 23.66%
Derivative
-0.23% -190.53% 70.06% 92.22%

Bond Geographic Breakdown

Weighting Return Low Return High FPURX % Rank
US
29.44% -337.34% 210.96% 54.71%
Non US
3.25% -84.44% 144.19% 56.67%

FPURX - Expenses

Operational Fees

FPURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.54% 0.00% 11.64% 77.42%
Management Fee 0.39% 0.00% 2.50% 49.91%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.83% N/A

Sales Fees

FPURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.14% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

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

FPURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 44.00% 0.00% 6067.00% 52.94%

FPURX - Distributions

Dividend Yield Analysis

FPURX Category Low Category High FPURX % Rank
Dividend Yield 0.01% 0.00% 0.31% 71.28%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FPURX Category Low Category High FPURX % Rank
Net Income Ratio 1.54% -4.09% 6.99% 54.97%

Capital Gain Distribution Analysis

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

FPURX - Managers

Harley Lank

Manager

Start Date

Tenure

Tenure Rank

Aug 31, 2003

15.67

15.7%

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

Tenure

Tenure Rank

Jul 31, 2015

3.75

3.8%

Michael Plage is a portfolio manager in the Fixed Income division at FMRCo. In this role, Mr. Plage manages institutional and retail Fixed Income portfolios within Core, Core Plus, and Tactical Bond strategies. Mr. Plage joined Fidelity in 2005, and has been in the investments industry since 1997. Mr. Plage earned his bachelor of science degree from the University of South Carolina and his master of business administration degree from the University of Connecticut. He is also a Chartered Financial Analyst charterholder.


Daniel E. Kelley

Manager

Start Date

Tenure

Tenure Rank

Jul 01, 2018

0.83

0.8%

Kelley is portfolio manager with Fidelity. He joined Fidelity's equity research department in 2005, and has most recently been serving as an equity research analyst following office, residential, and specialized REITs. Prior to joining Fidelity, he was an associate in the Institutional Equities Division of Morgan Stanley in Boston from 2004 to 2005. From 2001 to 2004, he served first as a financial analyst, and then as an associate, in the Equities Division of Goldman Sachs & Co. in Boston.


Tenure Analysis

Category Low

0.0

Category High

38.35

Category Average

6.56

Category Mode

6.95