Is Fidelity Trend Fund (FTRNX) a Strong Mutual Fund Pick Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 11 2024
0mins
Source: NASDAQ.COM
- Objective: Fidelity Trend Fund (FTRNX) is a Global - Equity option that leverages the global economy for stable returns.
- History of Fund/Manager: Managed by Fidelity since 1961, FTRNX has accumulated $3.25 billion in assets and is managed by Shilpa Mehra.
- Performance: FTRNX boasts strong 5-year annualized total return of 18.98% and 3-year return of 10.49%, placing it in the top third among peers.
- Risk Factors: The fund has a 5-year beta of 1.13, indicating higher volatility than the market average, but shows positive alpha over 5 years.
- Holdings and Expenses: FTRNX focuses on U.S. equities, with 80.17% in stocks and an expense ratio of 0.55%, making it cheaper than its peers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
