Recent Fund-Manager Changes
Recent manager changes have occurred at both ends of the mutual fund size spectrum.
At a relatively large member of a huge fund family, Andrew H. Sassine became the portfolio manager of Fidelity Small Cap Stock Fund (FSLCX), succeeding Paul L. Antico, who is retiring from portfolio management after 17 years at Fidelity. Sassine will continue to manage Fidelity International Small Cap Opportunities Fund (FSCOX).
Sassine joined Fidelity in 1999 as a high-yield research analyst, and followed the telecommunications, satellite, technology, defense and aerospace, and restaurant industries. In 2001, Sassine joined the international equity group as a research analyst covering international small-cap and mid-cap stocks. He subsequently spent a year in Hong Kong following Chinese small-cap and mid-cap companies prior to taking over management of Fidelity International Small Cap Opportunities Fund in 2005.
|RECENT FUND MANAGER CHANGES|
|Fidelity Small Cap Stock Fund||Epiphany Faith & Fmly Val 100 Fd||S&P 500 Total Ret'n Index|
|TheStreet.com RATINGS GRADE||D+||U||N/A|
|MIN. INITIAL PURCHASE||$2,500||$2,500||N/A|
|TOTAL NET ASSETS ($MIL.)||3,839.1||1.5||N/A|
|MANAGER NAME||Andrew H. Sassine||Samuel J. Saladino, III||N/A|
|MANAGER START DATE||7/1/2008||6/3/2008||N/A|
|3-MO. TOTAL RET'N (%)||-2.06||-6.48||-8.02|
|YR-TO-DATE TOTAL RET'N (%)||-9.87||-6.19||-12.66|
|12-MO. TOTAL RET'N (%)||-10.81||-10.36||-11.09|
|Source: TheStreet.com Ratings - Data as of 7/31/2008.
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