Fidelity Puritan (FPURX)
The Fidelity Puritan fund’s objective is to provide income and capital growth consistent with reasonable risk. This hybrid fund invests 60% of assets in stocks or equities and the remainder in bonds and other debt securities, including lower-quality debt securities. It invests >25% of total assets in fixed-income senior securities such as debt securities and preferred stock. The fund also invests in domestic and foreign issuers and invests in Fidelity funds.
Fund Details
- Fund Inception Date: 04/16/1947
- Ticker Symbol: FPURX
- CUSIP: 316345107
- Beta (3yr): 1.05
- Rank in category (YTD): 33%
- Category: Moderate Allocation
- Distribution: 1.83%
- Capital Gains: 0%
- Expense Ratio: 0.59%
- Net Assets: $18.64 billion
- Number of Years Up: 49 years
- Number of Years Down: 14 years
- Annual Turnover Rate: 154.00%
This Moderate Allocation hybrid fund was first introduced to public in 1947. Ramin Arani has been managing this fund since February 2007. The fund has annual expense ratio of 0.59%. The average expense ratio in the Moderate Allocation is 1.03%. It has total net assets of $18.64 billion. The dividend yield of this fund is 1.83%. The most recent dividend distribution was in October 14, 2011 ($0.08). The annual holdings turnover as of November 16, 2011 is 154%.
This FPURX fund has 4-stars rating from Morningstar. The YTD return of this top rated balanced fund is 1.27%. Based on the load adjusted return, this moderate allocation balanced fund fund has returned 5.95% over the past 1-year, 12.36% over the past 3-year and 5.43% over the past 10-year. The ratio of positive return and negative return of this fund is 49:14. Within the 14 years of negative return, the worst 1-year total return was in 2008 (-29.16%).
This balanced fund can be purchased through 82 brokerages. They are Merrill Lynch, T Rowe Price, Vanguard, JP Morgan, LPL SAM Eligible, EP Fee Small, E Trade Financial, Royal Alliance, Schwab Retail, Ameritas NTF N, TIAA-CREF Brokerages Services, etc. The minimum initial investment for either brokerage or IRA accounts is $2,500. There is no minimum subsequent investment required. This is a no-load fee. There is no other class available for this fund.
As of September 2011, the top 5 countries diversification of this Fidelity Puritan Fund are USA (89.29%), United Kingdom (2.45%), France (1.12%), Ireland (1.09%) and Switzerland (1.07%). The top 10 holdings out of 1938 total holdings represent 19.36% of total portfolio. The major market equities sectors are Information Technology (20.56%), Consumer Staples (14.09%), Energy (13.72%), Consumer Discretionary (12.72%) and Financials (12.40%).
Per the fund’s prospectus, the principal risks of this fund include: Stock Market Volatility, Interest Rate Changes, Foreign Exposure, Prepayment, Issuer-Specific Changes, etc.
Pros:
- Low expense ratio fee
- Actively managed
- High portfolio turnover rate
Disclosure: No Position
Other Balanced Funds:
No comments:
Post a Comment