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FSDIX Fidelity® Strategic Dividend & Income®

  • Fund
  • FSDIX
  • Price as of: Aug 23, 2019
  • $15.10 - $0.24 - 1.57%
  • Category
  • Total Dividend

FSDIX - Profile

Vitals

  • YTD Return 12.2%
  • 3 Yr Annualized Return 0.4%
  • 5 Yr Annualized Return -0.2%
  • Net Assets $4.87 B
  • Holdings in Top 10 19.1%

52 WEEK LOW AND HIGH

$15.10
$13.29
$15.77

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

Investment Themes

CATEGORY

Total Dividend
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--70% to 85% Equity

Distributions

  • YTD Total Return 12.2%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 4.6%
  • 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 Samuel J. Wald

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.

FSDIX - Performance

Return Ranking - Trailing

Period FSDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.2% -74.0% 22.3% 25.95%
1 Yr -3.5% -78.5% 16.1% 21.20%
3 Yr 0.4%* -38.2% 11.6% 46.91%
5 Yr -0.2%* -23.4% 8.5% 36.18%
10 Yr 5.5%* -6.2% 11.2% 19.13%

* Annualized


Return Ranking - Calendar

Period FSDIX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.7% -51.6% -2.1% 20.00%
2017 4.3% -14.6% 32.9% 74.27%
2016 7.3% -2.7% 31.0% 45.72%
2015 -7.1% -22.5% 3.6% 40.79%
2014 4.3% -34.1% 14.2% 27.02%

Total Return Ranking - Trailing

Period FSDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.2% -74.0% 22.3% 25.95%
1 Yr -3.5% -75.6% 17.0% 39.24%
3 Yr 4.5%* -32.5% 13.4% 54.07%
5 Yr 4.6%* -18.7% 22.1% 40.46%
10 Yr 9.6%* -5.3% 18.3% 30.05%

* Annualized


Total Return Ranking - Calendar

Period FSDIX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.6% -32.1% 0.3% 50.65%
2017 12.2% -14.6% 37.7% 71.01%
2016 12.7% -1.7% 31.0% 38.49%
2015 -4.0% -21.8% 106.5% 47.04%
2014 13.7% -34.1% 20.9% 5.96%

NAV & Total Return History

FSDIX - Holdings

Concentration Analysis

FSDIX Category Low Category High FSDIX % Rank
Net Assets 4.87 B 3.96 M 44.3 B 17.98%
Number of Holdings 557 15 1944 3.47%
Net Assets in Top 10 885 M 1.42 M 15.5 B 21.45%
Weighting of Top 10 19.09% 5.7% 94.5% 90.22%

Top 10 Holdings

  1. Cisco Systems Inc 2.78%

  2. Johnson & Johnson 2.66%

  3. Procter & Gamble Co 2.54%

  4. PepsiCo Inc 2.23%

  5. Amgen Inc 2.01%

  6. Walmart Inc 1.99%

  7. McDonald's Corp 1.51%

  8. American Tower Corp 1.17%

  9. Equinix Inc 1.11%

  10. Prologis Inc 1.10%


Asset Allocation

Weighting Return Low Return High FSDIX % Rank
Stocks
64.83% 0.00% 101.34% 92.11%
Convertible Bonds
14.30% 0.00% 13.05% 0.95%
Bonds
8.46% 0.00% 96.37% 10.09%
Preferred Stocks
8.11% 0.00% 13.59% 0.95%
Cash
4.30% -8.41% 26.82% 22.40%
Other
0.00% -1.85% 3.77% 60.57%

Stock Sector Breakdown

Weighting Return Low Return High FSDIX % Rank
Real Estate
14.90% 0.00% 16.63% 3.16%
Consumer Defense
11.16% 0.00% 25.35% 41.46%
Healthcare
8.42% 0.00% 23.41% 73.10%
Energy
5.59% 0.00% 19.74% 65.51%
Technology
4.88% 0.00% 28.59% 80.06%
Industrials
4.28% 0.00% 28.81% 92.09%
Financial Services
3.68% 0.00% 28.33% 93.35%
Utilities
3.40% 0.00% 41.19% 64.87%
Consumer Cyclical
3.34% 0.00% 37.64% 86.39%
Communication Services
3.15% 0.00% 22.02% 71.20%
Basic Materials
1.90% 0.00% 17.85% 68.35%

Stock Geographic Breakdown

Weighting Return Low Return High FSDIX % Rank
US
60.82% 0.00% 100.00% 69.09%
Non US
4.01% 0.00% 101.08% 65.62%

Bond Sector Breakdown

Weighting Return Low Return High FSDIX % Rank
Corporate
30.79% 0.00% 69.54% 4.11%
Cash & Equivalents
4.38% -8.48% 40.14% 18.35%
Derivative
0.00% -0.04% 3.77% 58.54%
Securitized
0.00% 0.00% 25.65% 60.44%
Municipal
0.00% 0.00% 7.36% 60.13%
Government
0.00% 0.00% 68.16% 61.39%

Bond Geographic Breakdown

Weighting Return Low Return High FSDIX % Rank
US
8.25% 0.00% 77.45% 9.15%
Non US
0.21% 0.00% 23.33% 8.52%

FSDIX - Expenses

Operational Fees

FSDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.71% 0.08% 5.53% 91.14%
Management Fee 0.54% 0.07% 1.25% 15.77%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

FSDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FSDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

FSDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 49.00% 1.63% 307.00% 60.88%

FSDIX - Distributions

Dividend Yield Analysis

FSDIX Category Low Category High FSDIX % Rank
Dividend Yield 0.48% 0.00% 0.52% 82.02%

Dividend Distribution Analysis

FSDIX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Quarterly Quarterly Quarterly

Dividend Payout History


Net Income Ratio Analysis

FSDIX Category Low Category High FSDIX % Rank
Net Income Ratio 2.91% -0.63% 5.00% 13.61%

Capital Gain Distribution Analysis

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

FSDIX - Managers

Samuel J. Wald

Manager

Start Date

Tenure

Tenure Rank

Dec 23, 2003

15.61

15.6%

Wald is a vice president and portfolio manager with Fidelity Investments. Since joining Fidelity in 1996, he has worked as a research analyst, associate portfolio manager and manager.


Adam Kramer

Manager

Start Date

Tenure

Tenure Rank

Aug 31, 2007

11.92

11.9%

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

Manager

Start Date

Tenure

Tenure Rank

Jun 15, 2012

7.13

7.1%

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

Manager

Start Date

Tenure

Tenure Rank

Apr 30, 2017

2.25

2.3%

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


Brian Chang

Manager

Start Date

Tenure

Tenure Rank

Sep 08, 2017

1.89

1.9%

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


Tenure Analysis

Category Low

0.0

Category High

25.93

Category Average

6.11

Category Mode

0.05