Fidelity Mid-Cap Value
Manager Court Dignan is relatively new to Fidelity Mid-Cap Value (FSMVX), but has the fund performing well — up a strong 30% during the past year.
Once again, exposure to the financial services sector is a big factor with 20% of the fund in these names. Recent top holdings include: M&T Bank (MTB), Hartford Financial Services Group (HIG), Cigna (CI), Fifth Third Bancorp (FITB) and SLM (SLM).
Fidelity does tend to change managers with some frequency, but the depth of the research team is impressive and a definite positive here. Mr. Dignan previously managed Fidelity’s Select Insurance Portfolio and shows potential in this new assignment, which currently has $1.4 billion in AUM.
FSMVX charges 0.81% in expenses.