The Fidelity Equity-Income Fund (FEQIX) uses the investment strategy of placing the priority of finding income over any potential for capital appreciation in any company it invests in. This is a large cap value fund that is been guided by Stephen Peterson since 1993.
The top ten holdings of this company have 25.34% of the fund’s assets as a whole. There are a total of 231 stocks in this fund with the major sectors being Financials with 28.53%, Consumer Discretionary with 16.04, Energy with 14.38% and Industrials with 9.91%. The annual turnover rate is at 30% as of January 31, 2010. 96% of the assets are in stocks which 9.2% are of foreign origin. There is also 0.3% in bonds and the remainder in cash.
The one year return of this fund as of April 30, 2010 was at 44.22% with a 5 year return of 2.04% and a 10 year return of 2.93%. The YTD return as of May 11, 2010 was 5.86%. The volatility measures of this fund are a Beta at 1.14, the R squared at 0.98 and the standard deviation of 23.27.
Morningstar rates this fund with three stars as above average risk with average returns. The expense ratio of this fund is 0.74% and it takes a minimum of $2500 to make an investment in it.
The Lipper Ranking for one year is 30 out of 329, with the 5 year ranking at 135 out of 221 and the 10 year ranking of 75 out of 119.
As mutual funds go, this fund invests differently than most but there is no transaction fee to start your investment in it and the year so far is positive. Morningstar advice on the Fidelity Equity-Income Fund (FEQIX) is not to let past performance influence your thoughts about it potential.
For additional resources about mutual funds and other investments from Fidelity on this website, please view Fidelity Spartan Funds.
For another valuable resource please try Vanguard STAR Fund Review on our sister site www.bestmutualfundsnow.com .
Additional resource for investing from another sister site of Janus Flexible Bond Fund Review is an article on topperformingmutualfunds.net.
We strive to bring you the latest and most accurate data possible from the home sites of the investment institutions we name. Always remember the bigger the risk, the larger the reward or loss. Invest with caution.
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