FSDIX: Fidelity® Strategic Dividend & Income®

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FSDIX Fidelity® Strategic Dividend & Income®

  • Fund
  • FSDIX
  • Price as of: Dec 12, 2019
  • $15.95
    + $0.06 + 0.38%

Profile

FSDIX - Profile

Vitals

  • YTD Return 18.5%
  • 3 Yr Annualized Return 1.8%
  • 5 Yr Annualized Return 2.1%
  • Net Assets $5.07 B
  • Holdings in Top 10 19.1%

52 WEEK LOW AND HIGH

$15.95
$13.29
$15.95

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.71%

SALES FEES

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

BROKERAGE FEES

  • Turnover 49.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--70% to 85% Equity

Distributions

  • YTD Total Return 18.5%
  • 3 Yr Annualized Total Return 5.8%
  • 5 Yr Annualized Total Return 6.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.91%
DIVIDENDS
  • Dividend Yield 0.5%
  • 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
    Adam Kramer

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.


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Categories

FSDIX - Mutual Fund Categories


Performance

FSDIX - Performance

Return Ranking - Trailing

Period FSDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.5% -47.2% 43.0% 12.09%
1 Yr 6.8% -40.9% 25.8% 56.63%
3 Yr 1.8%* -35.4% 14.5% 59.74%
5 Yr 2.1%* -40.5% 14.2% 39.68%
10 Yr 5.5%* -38.9% 17.9% 35.93%

* Annualized

Return Ranking - Calendar

Period FSDIX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.7% -31.8% 19.0% 67.63%
2017 4.3% -44.7% 46.3% 68.91%
2016 7.3% -84.5% 146.1% 12.08%
2015 -7.1% -40.7% 14.6% 68.46%
2014 4.3% -35.0% 306.6% 15.67%

Total Return Ranking - Trailing

Period FSDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.5% -47.2% 43.0% 12.09%
1 Yr 6.8% -40.9% 25.8% 67.31%
3 Yr 5.8%* -35.4% 14.5% 40.50%
5 Yr 6.9%* -40.5% 14.2% 11.11%
10 Yr 9.5%* -38.9% 18.8% 9.03%

* Annualized

Total Return Ranking - Calendar

Period FSDIX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.6% -27.4% 19.0% 77.79%
2017 12.2% -44.7% 46.3% 28.81%
2016 12.7% -84.5% 146.1% 7.01%
2015 -4.0% -36.9% 14.6% 62.95%
2014 13.7% -35.0% 306.6% 2.76%

NAV & Total Return History


Holdings

FSDIX - Holdings

Concentration Analysis

FSDIX Category Low Category High FSDIX % Rank
Net Assets 5.07 B 619 K 157 B 12.86%
Number of Holdings 544 2 13643 23.83%
Net Assets in Top 10 928 M -206 M 29 B 19.49%
Weighting of Top 10 19.12% 8.9% 210.3% 83.16%

Top 10 Holdings

  1. Procter & Gamble Co 2.83%
  2. Johnson & Johnson 2.48%
  3. Amgen Inc 2.40%
  4. Cisco Systems Inc 2.39%
  5. PepsiCo Inc 2.28%
  6. Walmart Inc 2.14%
  7. McDonald's Corp 1.58%
  8. Microsoft Corp 1.04%
  9. Exxon Mobil Corp 1.00%
  10. AT&T Inc 0.99%

Asset Allocation

Weighting Return Low Return High FSDIX % Rank
Stocks
63.23% -41.01% 77.78% 12.92%
Convertible Bonds
15.48% 0.00% 75.96% 2.54%
Preferred Stocks
7.69% 0.00% 49.94% 4.87%
Bonds
7.36% -4.12% 79.17% 98.09%
Cash
6.23% -110.26% 61.28% 42.16%
Other
0.00% -41.44% 209.72% 90.68%

Stock Sector Breakdown

Weighting Return Low Return High FSDIX % Rank
Real Estate
12.63% -8.18% 51.84% 2.88%
Consumer Defense
11.41% -2.62% 12.35% 0.53%
Healthcare
8.90% -6.04% 20.92% 14.82%
Energy
5.92% -2.02% 68.57% 6.61%
Technology
4.87% -6.80% 28.79% 65.78%
Financial Services
4.39% -7.21% 30.29% 70.79%
Industrials
4.20% -2.39% 24.85% 54.05%
Consumer Cyclical
3.68% -10.41% 25.25% 53.73%
Utilities
3.49% -2.30% 64.34% 11.73%
Communication Services
2.37% -2.17% 11.77% 44.24%
Basic Materials
1.37% -2.22% 15.06% 48.40%

Stock Geographic Breakdown

Weighting Return Low Return High FSDIX % Rank
US
59.13% -41.02% 75.95% 9.64%
Non US
4.10% -2.09% 29.45% 58.05%

Bond Sector Breakdown

Weighting Return Low Return High FSDIX % Rank
Corporate
30.53% 0.00% 84.75% 19.92%
Cash & Equivalents
6.23% -110.26% 72.04% 40.68%
Derivative
0.00% -19.91% 2.88% 81.99%
Securitized
0.00% 0.00% 45.59% 97.78%
Municipal
0.00% 0.00% 58.76% 95.02%
Government
0.00% -45.95% 75.63% 97.25%

Bond Geographic Breakdown

Weighting Return Low Return High FSDIX % Rank
US
7.12% -5.38% 87.85% 98.09%
Non US
0.24% -14.01% 19.86% 87.50%

Expenses

FSDIX - Expenses

Operational Fees

FSDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.71% 0.00% 18.45% 71.41%
Management Fee 0.54% 0.00% 2.00% 51.22%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.83% N/A

Sales Fees

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

Trading Fees

FSDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% 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.

FSDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 49.00% 0.00% 1504.00% 47.54%

Distributions

FSDIX - Distributions

Dividend Yield Analysis

FSDIX Category Low Category High FSDIX % Rank
Dividend Yield 0.45% 0.00% 10.97% 55.51%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FSDIX Category Low Category High FSDIX % Rank
Net Income Ratio 2.91% -4.40% 6.65% 12.19%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FSDIX - Fund Manager Analysis

Managers

Adam Kramer


Start Date

Tenure

Tenure Rank

Aug 31, 2007

12.26

12.3%

Adam Kramer is lead portfolio manager of the fund, which he has managed since September 2015. He also manages other funds. Since joining Fidelity Investments in 2000, Mr. Kramer has worked as a research analyst, portfolio assistant, and portfolio manager.

Ford E. O'Neil


Start Date

Tenure

Tenure Rank

Jun 15, 2012

7.46

7.5%

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.

Ramona Persaud


Start Date

Tenure

Tenure Rank

Apr 30, 2017

2.59

2.6%

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

Brian Chang


Start Date

Tenure

Tenure Rank

Sep 08, 2017

2.23

2.2%

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

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 35.94 6.98 7.54