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Fidelity Fund Distributions Today (9/6)

edited September 2013 in Fund Discussions
https://www.fidelity.com/mutual-funds/prices-documents/distributions

Some funds have really big distributions today. For example, FLPSX appear to be down 4.68% due to $2.263 distribution...

Comments

  • Fidelity hasn't posted the 9/6/13 distribution on the fund page, but looking at the historical data, FLPSX distributes most if not all its cap gains (as opposed to ordinary/qualified dividends) in September. Likely little in cap gains left for a December distribution.

    I'm confident that FLPSX's low turnover (19%) has something to do with its absence of short term gains. Conversely, FOCPX's high turnover (149%) likely goes far in explaining the relatively high amount of short term gains (1/6 of all the cap gains distributed were short term).

    But I'm left wondering about FDGFX. Its short term gains were the highest fraction of total cap gains (1/5), yet it sports a reasonably modest 63% turnover, and there was no management change (which could have explained a high turnover of the portfolio).

    It's nice that Fidelity posts these breakdowns, so that one can ponder such minutiae. :-)
  • Reply to @msf: it looks like fund pages are updated to reflect distribution on 9/6/2013
  • Reply to @Ted: That is exactly the URL in the first post!
  • Reply to @Investor: It only proves that a great mind like mine once an while has a cramp.
    Regards,
    Ted
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