Fidelity IndependenceFDFFX

Morningstar Rating

Fund Research and Analysis

by Christopher Davis

Despite its recent surge, we're still leery of Fidelity Independence.

Manager Bob Bertelson is a fast trader and isn't shy about making big shifts in his portfolio. In early 2009, Bertelson was defensive, favoring less economically sensitive health-care Read more

Kudos

Reasonable expenses. Read more

Risks

Poorly timed sector bets has led to high volatility.

Management's overall record is poor. Read more

Strategy

Manager Bob Bertelson will mix a combination of value and growth, foreign and domestic picks that offer the best capital appreciation opportunities. Firms with large upside potential take precedence Read more

Management

Bob Bertelson replaced Jason Weiner in November 2006 after a successful three-plus years at the helm. Bertelson's last stint as a diversified manager was Fidelity Aggressive Growth from 2000 to 2002, where he posted extremely poor absolute and relative Read more

Inside Scoop

This offering is no shrinking violet. Management employs a fast-trading, sector-betting style. This fund's high volatility demonstrates that its high-stakes strategy can Read more

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