Fidelity Dividend Growth Fund identifies Allison Transmission as a key industrial play, leveraging federal infrastructure support and recent strategic acquisitions to drive growth.
Fidelity Dividend Growth Fund highlighted ALSN as a meaningful overweight, citing benefits from infrastructure spending and a strategic acquisition.
The Fidelity Dividend Growth Fund outperformed the S&P 500 in Q2 2026, returning 17.05%. The fund maintains a meaningful overweight position in Allison Transmission Holdings (ALSN), citing the company's strategic acquisition of Dana Incorporated's Off-Highway business and tailwinds from federal infrastructure spending.
The fund cites accelerating industrial activity, federal support for infrastructure, and the strategic acquisition of Dana Incorporated's Off-Highway Drive & Motion Systems business as primary growth drivers.