By author Morgan Jassen on wieldsilver.com 2020-12-28 16:06 Summary of Report on Fidelity Dividend Fund Summary of "Report on Fidelity® Strategic Dividend & Income® Fund (FSDIX) (which was originally For 2020-07-25 “Investing Meetup Group”) Main Source: https://fundresearch.fidelity.com/mutual-funds/summary/316145887 * The fund seeks reasonable income... ~80% equity securities. ...~ 50% common stocks... * Focus on securities that pay current dividends. Focus on "value" stocks and "common" stock category stocks. * Top ten holdings: JNJ, PG, CSCO, AMGN, PEP, MCD, BMY, T, VZ, NEE * (Top ten holdings total: $831,204,302 (19.3% of the fund)) * (Corporate bonds total: $402,076,683 (9.3% of the fund)) * (Preferred stock total: --- (13.9% of the fund)) * Thus fund holdings total must be: $4,306,758,041 (100%) * Number of line items on the holdings listing sheet: ~367 Line items. * "...the Adviser relies on fundamental analysis..." * “Value” stocks might be relatively inexpensive but might not realize their supposed value. * (JNJ is ($158,350,920)(3.7% of the fund)) ... ... (NEE is ($58,318,792)(1.4% of the fund)) * The fund yearly return before taxes, (average for the past 10 years) ---> 10.57%. Compare S&P 500 for the same period ---> 11.59% * Total annual operating expenses ... 0.71% * "You could lose money by investing in the fund." * 10y. lowest yearly return was -4.49% (2018), highest was 22.48% (2019) * The fund may have other caveats so consider your own research and decision. * Morgan's personal note: What I may call commoditizing stocks. I mean, this fund is already another layer of abstraction compared to stocks themselves which are abstract. Then after this, other brokers/advisers may also further re-bundle/re-sell the fund as well. It's amazing truly the layers. In conclusion, ^this is a summary about this particular Dividend Fund and what I learned about this fund, while learning about this. This blog post first published at https://wieldsilver.com/2020/blog/ Copyright © wieldsilver.com and individual authors (unless otherwise noted) wieldsilver.com statement - I blog about products for which I own company shares.