Fidelity Trend (FTRNX - MF report) a Zacks Ranked #1 (Strong Buy) seeks growth of capital. FTRNX invests primarily in common stocks of domestic and foreign issuers. The management seeks to take advantage of trends in security values reflecting changes in general and particular economic and financial conditions. Purchases and sales of securities for the fund are based on the management study of momentum in trends of individual company, industry and general market security prices and earnings, and on a fundamental analysis of the particular company and its industry. FTRNX offers dividends and capital gains in February and December.
This Global – Equity fund, as of the last filing, allocates their fund in three major groups; Large Growth, Small Growth, Large Value. Further, as of the last filing, Apple Inc. (AAPL), Visa Inc. (V) and Facebook Inc. (FB) were the top holdings for FTRNX.
The Fidelity Trend fund, managed by Fidelity, carries an expense ratio of 0.75, and requires a minimal initial investment of $2,500.
FTRNX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 14.53%, 3 year 20.70%, and 5 year 17.77%. To see how this fund performed compared in its category, please click here.
FTRNX’s performance, as of the last filing, when compared to funds in its category was in the top 2% 1 year, top 7% over the past 3 years, and in the 3% over the past 5 years.
