Fidelity Independent Adviser Unveils Holdings for Its Non-Fidelity Specific NTF Growth & Income Portfolio
Williamstown, MA, September 06, 2008 --(PR.com)-- Fidelity Independent Adviser revealed the five funds that comprise its Non-Fidelity Specific NTF Growth & Income Portfolio in the September issue of the publication. The Non-Fidelity Specific NTF Growth & Income Portfolio seeks conservative growth by investing in funds available through Fidelity’s Funds Network® and elsewhere, with the goal of generating 12% annual returns over the medium term.
Don Dion, publisher of Fidelity Independent Adviser and president of Dion Money Management noted that the top portfolio allocation was Mega Cap Stock (FGRTX) with 29% of assets, followed closely by Icon Equity Income (IOEIX) with 26%. Also included in the portfolio are Fidelity High Income (SPHIX), UMB Scout International (UMBWX) and the Fidelity Fund (FFIDX)—with 20%, 13% and 12% respective allocations.
While FGRTX has struggled in 2008 under the direction of a new investment model and new manager, other funds—like SPHIX—have exhibited surprising buoyancy in difficult market conditions. Year to date, SPHIX has fallen a mere 0.2% while the S&P dropped more than 12% for the same period.
“Our NTF Growth and Income Portfolio has garnered some healthy returns for investors in recent years,” Dion noted, “the net annual return for the portfolio was 28.97% in 2003, and 5.11% in 2007.” Fidelity Independent Adviser launched the NTF Growth and Income Portfolio in October of 2001.
“Those investors who managed to stick out August were rewarded with modest gains,” Dion said, “the NTF Growth and Income Portfolio constitutes a good position right now for investors looking to capture returns when the market rebounds—with a conservative amount of risk.”
About Fidelity Independent Adviser’s Family of Newsletters: With more than 70,000 subscribers in the United States and 29 other countries, Fidelity Independent Adviser publishes four monthly newsletters and three weekly newsletters. Its flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years and reaches 40,000 subscribers. http://www.fidelityadviser.com/
About Don Dion, publisher of Fidelity Independent Adviser: In addition to his role as the publisher of Fidelity Independent Adviser, Don Dion is also president and founder of Dion Money Management, a fee-based investment advisory firm to affluent individuals, families and nonprofit organizations, where he is responsible for setting investment policy, creating custom portfolios and overseeing the performance of client accounts. Founded in 1996 and based in Williamstown, Massachusetts, Dion Money Management manages more than $700 million in assets for clients in 49 states and 11 countries. A licensed attorney in Massachusetts and Maine, Mr. Dion has more than 25 years’ experience working in the financial markets, having founded and run two publicly traded companies before establishing Dion Money Management.
For more information, or a Free Portfolio Review, visit http://www.dionmm.com/ or call toll free: 1-(800) 432-7447
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Don Dion, publisher of Fidelity Independent Adviser and president of Dion Money Management noted that the top portfolio allocation was Mega Cap Stock (FGRTX) with 29% of assets, followed closely by Icon Equity Income (IOEIX) with 26%. Also included in the portfolio are Fidelity High Income (SPHIX), UMB Scout International (UMBWX) and the Fidelity Fund (FFIDX)—with 20%, 13% and 12% respective allocations.
While FGRTX has struggled in 2008 under the direction of a new investment model and new manager, other funds—like SPHIX—have exhibited surprising buoyancy in difficult market conditions. Year to date, SPHIX has fallen a mere 0.2% while the S&P dropped more than 12% for the same period.
“Our NTF Growth and Income Portfolio has garnered some healthy returns for investors in recent years,” Dion noted, “the net annual return for the portfolio was 28.97% in 2003, and 5.11% in 2007.” Fidelity Independent Adviser launched the NTF Growth and Income Portfolio in October of 2001.
“Those investors who managed to stick out August were rewarded with modest gains,” Dion said, “the NTF Growth and Income Portfolio constitutes a good position right now for investors looking to capture returns when the market rebounds—with a conservative amount of risk.”
About Fidelity Independent Adviser’s Family of Newsletters: With more than 70,000 subscribers in the United States and 29 other countries, Fidelity Independent Adviser publishes four monthly newsletters and three weekly newsletters. Its flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years and reaches 40,000 subscribers. http://www.fidelityadviser.com/
About Don Dion, publisher of Fidelity Independent Adviser: In addition to his role as the publisher of Fidelity Independent Adviser, Don Dion is also president and founder of Dion Money Management, a fee-based investment advisory firm to affluent individuals, families and nonprofit organizations, where he is responsible for setting investment policy, creating custom portfolios and overseeing the performance of client accounts. Founded in 1996 and based in Williamstown, Massachusetts, Dion Money Management manages more than $700 million in assets for clients in 49 states and 11 countries. A licensed attorney in Massachusetts and Maine, Mr. Dion has more than 25 years’ experience working in the financial markets, having founded and run two publicly traded companies before establishing Dion Money Management.
For more information, or a Free Portfolio Review, visit http://www.dionmm.com/ or call toll free: 1-(800) 432-7447
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Contact
Dion Money Management, LLC
Donald R. Dion
1-800-432-7447 ext. 119
www.dionmm.com
Donald R. Dion
1-800-432-7447 ext. 119
www.dionmm.com
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