ONEQ - Fidelity Equity-Income Fund Q2 2024 Review
2024-07-30 10:00:00 ET
Summary
- Fidelity Contrafund is a large-cap growth biased equity strategy focused on companies with durable multiyear earnings growth potential.
- Fidelity Equity-Income Fund is a diversified domestic equity strategy that seeks reasonable income. In pursuing this objective, the fund also will consider the potential for capital appreciation.
- In our bottom-up investment process, we focus on higher-quality firms, which helps minimize downside capture over time.
- For the quarter, the fund's Initial Class shares gained 0.24%, outpacing the -2.25% return of the benchmark, the Russell 3000® Value Index.
Investment Approach
- Fidelity® Equity-Income Fund is a diversified domestic equity strategy that seeks reasonable income. In pursuing this objective, the fund also will consider the potential for capital appreciation.
- The fund seeks a yield for its shareholders that exceeds the yield on the securities comprising the S&P 500® index.
- We believe in mean reversion, a value-driven philosophy and investment duration as a competitive advantage.
- In our bottom-up investment process, we focus on higher-quality firms, which helps minimize downside capture over time.