Fund Research and Analysis

by Andrew Daniels, CFA, CMA
Fidelity Growth & Income has many positive attributes but has posted subpar returns in recent years. Despite the underperformance, this fund has a lot going for it, including low fees, a distinct process focused on dividends and growth, and a talented   Read more 

Process Pillar:Positive

Manager Matt Fruhan seeks competitive total return with earnings growth and dividend yield in excess of the S&P 500's while keeping beta in line with the benchmark. Additionally, he seeks firms that   Read more 

Performance Pillar:Neutral

Matt Fruhan took over in February 2011. Since then through January 2016, the fund’s 9.3% annualized return trails the S&P 500 benchmark’s 10.6% return but still outperforms the typical peer’s 8.2% return   Read more 

People Pillar:Positive

Current manager Matt Fruhan is experienced and talented and has been the sole manager of this fund since February 2011.After graduating from Harvard University in 1995, Fruhan began his career at Fidelity as a high-yield bond analyst. The experience,  Read more 

Price Pillar:Positive

This fund’s Portfolio share class has a $2,500 minimum investment, holds 87% of assets, charges 0.63%, and earns a Low Fee ranking in its large-cap, no-load Morningstar Fee Level group. By comparison,  Read more 

Fidelity: Money Market Reform Transition Went Well 
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