A Portfolio of Fidelity Select Funds: 79.46 % Performance Over Past Year, 42.00 % Performance for 1999. Power Portfolio by W.E. Donoghue & Co., Inc.MILFORD, Mass.--(BUSINESS WIRE)--Sept. 12, 1999-- W.E. Donoghue & Co., Inc., (WEDCO) reports the one year results of 79.46 % for its Power Portfolio: The Diversified diversified (di·verˑ·s Sector Portfolio. Using a portfolio of four Fidelity Select funds, selected from a universe of 60 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 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 Cumulative Annualized
Total Return Total Return
Since first account
(5/8/96-9/9/99) 132.38 % 28.76 %
1 Year
(9/9/98-9/9/99) 79.46 % n/a
1999 Year-to-date
(12/31/98-9/9/99) 42.00 % n/a
These returns include the deduction of the maximum annual W.E. Donoghue & Co., Inc., investment management fee of 1.75% and 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. 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. 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 over $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 billd@donoghue.com |
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