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Quick Links to Chapter Investments
NECMA DAVID MEADOR FUND INVESTMENTS
Fidelity Growth & Income Portfolio (FGRIX)
Seeks a high level of current income by allocating its assets among stocks, bonds, short-term instruments and other investments. The fund also considers the potential for capital appreciation (may be changed without shareholder vote).
Fidelity Management & Research Company (FMR) allocates the fund's assets among domestic and foreign stocks, bonds, and short-term and money market instruments. The fund's investments will normally fluctuate around a neutral mix of 20% stocks (can range from 10-30%), 50% bonds (can range from 40-60%), and 30% short-term/money market instruments (can range from 10-50%). FMR analyzes an issuer using fundamental and/or quantitative factors and evaluates each security's current price relative to estimated long-term value to select investments. FMR regularly reviews the fund's allocations and makes changes gradually to favor investments that it believes will provide the most favorable outlook for achieving the fund's objective.
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Fidelity Balanced Fund (FBALX)
Seeks income and capital growth consistent with reasonable risk.
Investing approximately 60% of assets in stocks and other equity securities and the remainder in bonds and other debt securities, including lower-quality debt securities, when its outlook is neutral. Investing at least 25% of total assets in fixed-income senior securities (including debt securities and preferred stock.) Investing in domestic and foreign issuers. With respect to equity investments, emphasizing above-average income-producing equity securities, which tends to lead to investments in stocks that have more 'value' characteristics than 'growth' characteristics. Analyzing an issuer using fundamental factors and evaluating each security's current price relative to estimated long-term value to select investments.
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Fidelity Capital Appreciation Fund (FDCAX)
Seeks capital appreciation.
Normally invests primarily in common stocks of domestic and foreign issuers. Invests in either 'growth' stocks or 'value' stocks or both. Uses fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select instruments.
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The NECMA David Meador Fund was established by the New England Club Managers Association in 1975 with a generous donation from the Members of the Chilton Club (Boston, MA) in memory of their longtime and well-respected Club Manager, Mr. David Meador, a Member of NECMA, who passed away in 1975 while on duty at the Chilton Club.
In October 1997 following the Seventh Annual Assistant Club Managers Conference in Boston hosted by the New England Chapter, several host clubs, Union Club (General Manager, Philip L. Archambault, CCM), Somerset Club (General Manager, A. Dennis Michel), and Chilton Club (General Manager, Robert C. Wood, CCM) contributed significantly to the David Meador Fund with reduced fees for the Boston's Finest City Club Tour.
In May 2000, Wellesley Country Club and its General Manager, Martin J. Ryan began the tradition of donating greens and carts fee for the NECMA Annual Club President-Golf Porfessional-Golf Course Superintendent-Manager Golf Outing, the proceeds of which are donated to the NECMA David Meador Investment Fund.
The NECMA David Meador Fund Investments are managed by the Investment Committee
Drew Ford CCM, Committee Chairperson
NECMA Secretary-Treasurer
sec-treas@necma.org
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