Meet the Investment Team

Fidelity Management Research Company, Inc. (FMR Co., Inc.)

FMR Co., Inc. is responsible for actively constructing the model portfolio and researching potential investments for the Fidelity® Equity-Income Strategy. FMR benefits from the unique history and expertise of Fidelity, which has:

  • Managed and researched equity strategies for over 70 years1
  • An equity-income investment team with an average of 19 years' experience1
  • More than 350 research professionals in North America1
  • An equity research team that covered 960 U.S. companies in 20181

Matthew W. Fruhan


As a portfolio manager Matt Fruhan manages Fidelity Advisor Capital Development Fund, Fidelity Series Growth & Income Fund, Fidelity Advisor Series Growth & Income Fund, Fidelity Growth & Income Portfolio, Fidelity Advisor Growth & Income Fund, and Fidelity VIP Growth & Income Portfolio. Additionally, he manages Fidelity Mega Cap Stock Fund, Fidelity, Advisor Mega Cap Stock Fund, Fidelity Large Cap Stock Fund, and Fidelity Advisor Large Cap Fund, as well as co-manages Fidelity Multi Asset Income Fund and Fidelity Equity Income Strategy, a separately managed account (SMA). Mr. Fruhan has been with Fidelity since 1995 and, prior to his currently responsibilities, he managed Fidelity Advisor Financial Services Fund, VIP Financial Services Portfolio, and Select Financial Services Portfolio. He has been in the financial industry since joining Fidelity in 1995. Mr. Fruhan earned his bachelor of arts degree, cum laude, in economics from Harvard College and his master of business administration degree from Harvard Business School.

Naveed Rahman

  • Institutional Portfolio Manager, FMR Co., Inc.

Naveed Rahman is an institutional portfolio manager at Fidelity Investments. In this role, Mr. Rahman serves as portfolio manager on several income-oriented and value-equity separately managed accounts, and is a principal liaison for portfolio management to a broad range of current and prospective clients and internal partners. Mr. Rahman's focus is on value and income equity. He is a member of the investment management team, maintaining a deep knowledge of portfolio philosophy, process, and construction, assisting portfolio managers and their CIOs in ensuring portfolios are managed in accordance with client expectations, as well as contributing to investment thought leadership in support of the team. Prior to assuming his current role in December 2011, Mr. Rahman worked as a vice president at Fidelity from 2005 to 2011. He has been in the financial industry since 1996. Mr. Rahman earned his bachelor of arts degree in ethics, politics, and economics from Yale College, where he graduated Phi Beta Kappa, and his master of business administration degree from Stanford University's Graduate School of Business.

Anastasia Zabolotnikova


Anastasia Zabolotnikova is a quantitative analyst in the Equity division at Fidelity Investments. In this role, Ms. Zabolotnikova is embedded within the Value team, and is responsible for assisting with portfolio construction, risk management, and alpha research using quantitative tools. Additionally, she co-manages an equity separately managed account (SMA). Prior to assuming her current position in 2012, Ms. Zabolotnikova was a quantitative analyst intern. Before joining Fidelity, Ms. Zabolotnikova worked as an investment associate within Putnam Investment's Global Asset Allocation group. She has been in the financial industry since 2006. Ms. Zabolotnikova earned her bachelor of science degree in economics from Moscow State University, her master of arts degree in economics from Northeastern University, and her master of business administration degree in analytical finance from the University of Chicago's Booth School of Business. She is also a CFA® charterholder.2