Fidelity Equity Dividend IncomeFEQTX

Fund Research and Analysis

by Greg Carlson

Fidelity Equity Dividend Income holds some promise, but the jury is still out. Since taking over this fund in October 2011, Scott Offen has given it some appealing traits. He was charged with making the fund live up to its name, and he has done that; Read more

Process Pillar:Neutral

Following an October 2011 makeover, this fund has put a greater emphasis on income and aims to achieve a dividend yield of 1.5 times that of the S&P 500 Index's before fees. Portfolio manager Scott Offen looks Read more

Performance Pillar:Neutral

Manager Scott Offen doesn't have much of a track record running this strategy--he has less than 18 months under his belt running this fund, and although he's used the same approach for an additional Read more

People Pillar:Positive

In October 2011, Scott Offen replaced Stephen Petersen (who had managed this fund since early 2009) on this fund. Offen joined Fidelity in 1985. He managed his previous main charge, Fidelity Value Discovery, with a record of modest--though consistent--success. Read more

Price Pillar:Positive

This fund's expense ratio has edged upward over the past decade, from 0.62% in 2005 to 0.67% in the January 2013 prospectus. That's understandable, though, as the fund has shrunk in size due to year Read more