Here's my thoughts onFidelity's Strategic Dividend & Income FundIt has a mix of 50% Stocks15% REITs15% Convertibles20% Preferred stocksThere is a manager of each of the 4 portfolios.The top stocks areGE, XOM, BOA AIG HON SBC TycoSo 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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