A Managed Portfolio of Fidelity Funds Outperforms S&P 500 for One Year, Two Years and Three Years Through 10/31/99.MILFORD, Mass.--(BUSINESS WIRE)--Nov. 12, 1999-- W.E. Donoghue & Co., Inc., (WEDCO) reports the one, two and three year results of the Diversified diversified (di·verˑ·s Sector Fund Portfolio through 10/31/99. Using a portfolio of four Fidelity funds at a time, selected from a universe of 62 Fidelity funds, WEDCO deploys a proprietary momentum-based trading strategy In finance, a trading strategy (see also trading system) is a predefined set of rules to apply. Usually, this refers to a means used to replicate an option in order to give it an arbitrage free value in the sense that the cost of buying some financial assets to give the same to select top performing sector and specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. funds. The portfolio also has the capability of moving 100% to money market funds if market circumstances warrant. The results of this powerful portfolio are summarized below. (Individual accounts, depending upon their exact purchase and sale dates may have experienced returns higher or lower than those displayed below.) -0-
Time Period Donoghue's S&P 500
Diversified with
Sector Fund Dividends
Portfolio Reinv.
1 Year 71.03% 25.66%
(10/31/98 - 10/31/99)
2 Years Annualized 35.58% 23.80%
(10/31/97 - 10/31/99)
3 Years Annualized 31.41% 26.50%
(10/31/96 - 10/31/99)
Source for S&P 500 with dividends reinvested: Interactive Data Corporation (IDC). These returns include the deduction of the maximum annual W.E. Donoghue & Co., Inc., investment management fee of 1.75% and institutional transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). at Fidelity, where applicable. Performance calculations are gross of the maximum initial 3% sales charge Sales Charge A commission or fee paid by an investor at the time of purchasing mutual fund shares. The charge is paid to a mutual fund salesperson or financial advisor and is intended to provide compensation for the financial salesperson's efforts in assisting their client select collected by Fidelity, of which WEDCO receives no portion. Unlike investing in a single mutual fund, this portfolio invests in four Fidelity Select mutual funds at a time. All investing involves risk, including loss of principal. Past performance is no guarantee of future performance. W.E. Donoghue & Co., Inc., (WEDCO) is a registered investment advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in serving individuals, trusts and retirement plans since 1986. With approximately $100 million in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , WEDCO manages portfolios of mutual funds on a fee-only basis. For a special report on WEDCO's Power Portfolios contact us at 1-800-642-4276 or email wedco@donoghue.com |
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