Fund Research and Analysis

by Janet Yang, CFA
Fidelity Growth & Income's dividend mandate hasn't tied its manager's hands too tightly. Unlike recent years past, focusing on dividend-paying stocks didn't pay off in 2013. Last year, companies with little to no payouts vastly outperformed those that   Read more 

Process Pillar:Positive

Portfolio manager Matthew Fruhan classifies and analyzes companies as either secular- or cyclical-growth opportunities. Stability and predictability typically characterize the former, and Fruhan likes   Read more 

Performance Pillar:Neutral

Since Matthew Fruhan took over on Feb. 4, 2011, through the end of January 2014, this fund has gained an annualized 14%, beating the typical large-blend fund by 257 basis points and the S&P 500 Index   Read more 

People Pillar:Positive

Fidelity named Matthew Fruhan as portfolio manager to the fund in February 2011. He replaced James Catudal, who had been on the fund during the prior two years. Fruhan currently manages Fidelity Large Cap Stock (since 2005), Fidelity Mega Cap Stock FGRTX (2009),  Read more 

Price Pillar:Positive

The fund's 0.67% expense ratio is very competitive with other no-load, large-cap funds, undercutting more than 80% of the competition. Those funds have an average expense ratio of 1.14% and a median   Read more 

Newly Reopened: A Risk-Conscious Small-Cap Fund 
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