Fidelity Strategic Dividend & Income Fund (FSDIX) a Zacks Rank #1 (Strong Buy) was incepted in December 2004 and is managed by Fidelity Investments. The objective of FSDIX is to seek income and potential growth of capital. FSDIX invests a major portion of its assets in securities of both domestic and foreign companies. FSDIX aims to invest in those securities which have dividend paying abilities and strong capital growth potential. FSDIX invest in common stocks, REITs, convertible securities and preferred stocks.
This Large Blend product, as of the last filing, allocates their fund in four major groups; Large Value, Intermediate Bond, Large Growth and Foreign Stock. Further, as of the last filing, Johnson & Johnson (NYSE:JNJ), Chevron Corporation (NYSE:CVX) and Microsoft Corporation (NASDAQ:MSFT) were the top holdings for FSDIX.
The Fidelity Strategic Dividend & Income fund, managed by Fidelity, carries an expense ratio of 0.75%. Moreover, FSDIX requires a minimal initial investment of $2,500.
FSDIX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 7.89% and 5 year 9.21%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
FSDIX’s performance, as of the last filing, when compared to funds in its category was in the top 5% in 1 year, top 57% over the past 3 years, and in the 52% over the past 5 years.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Pick the best mutual funds with the Zacks Rank.
View All Zacks #1 Ranked Mutual Funds
Get Your Free (FSDIX): Fund Analysis Report
Original post
Zacks Investment Research