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Author: yahooross Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35259  
Subject: FDISX - Strategic Dividend Fund Date: 2/27/2005 9:26 PM
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Here's my thoughts on
Fidelity's Strategic Dividend & Income Fund

It has a mix of
50% Stocks
15% REITs
15% Convertibles
20% Preferred stocks

There is a manager of each of the 4 portfolios.

The top stocks are
GE, XOM, BOA AIG HON SBC Tyco

So far, OK. It sounds interesting.

What I don't like is that the fund has 18 pages of securities listed.
So, it's going to perform like an index fund, probably.

Worse, many of the covertibles are these small 'risker assets' as the report states.
The preferreds have more names I recognize, but I still feel like debt is debt and limiting the choices to obscure types (preferreds & convertibles) places the emphasis on the debt type, rather than the quality of the company.

There are about 50 REITs, so it's not focused.

Overall, I like the concept, but when I look closer, I think I'm better off with a straight bond or stock fund, since they can purchase preferreds and convertibles if they choose.
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