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Fidelity Independenc (FDFFX)

Category:   Large Growth
Status:   Open to new investors

Current Recommendation: NewBuy
Pevious Recommendation: None

Reason
 (last updated on 4/24/2008):
This Fidelity large company growth fund got a new manager in Nov. 2006. After that, its performance has dramatically picked up. Because of this positive change, we are ignoring its prior record. Under the new manager, this fund is significantly out performing the broad market as well as its category. It is up 2.3% YTD and 22.6% over last one year. Irs relative percentile performance rankings for all periods from one month to three years are perfect '1'. This fund does not have an early redemption penalty if purchased at Fidelity.

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