Fund Research and Analysis

by Michael Rawson, CFA
Fidelity Growth & Income has a lot to like. The fund is low-cost, well-diversified, and backed by a portfolio manager with extensive experience harnessing Fidelity’s highly regarded fundamental equity analysts. These strengths justify its Morningstar   Read more 

Process Pillar:Positive

Matt Fruhan, the portfolio manager on this fund, began his career as a high-yield bond analyst; that experience influences his investment philosophy. Equity analysts often focus on a firm’s income statement,  Read more 

Performance Pillar:Neutral

The current manager’s tenure goes back to February 2011. Since that time through mid-February 2015, the fund has returned 14.68%. While that beat the 12.75% return of the average large-blend fund, it   Read more 

People Pillar:Positive

After graduating from Harvard College, Matt Fruhan began his career as a high-yield bond analyst at Fidelity in 1995. He returned to the firm in 1999 as an equity analyst after obtaining an MBA from Harvard Business School. Fidelity often grooms talented   Read more 

Price Pillar:Positive

The fund charges a 0.65% expense ratio and has a $2,500 investment minimum. That is low compared with large-cap no-load funds and well below the 1.14% expense ratio of the average large-blend fund. The   Read more 

A Unique Process Serves This Market-Neutral Fund Well 
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