One of the world’s largest mutual fund companies, Fidelity Investments offers a wide range of mutual funds to its customers and provides fund distribution, investment advice and discount brokerage services. With over $133.8 billion of assets under management, the company also provides retirement services, wealth management, securities execution and clearance and life insurance products. Fidelity bases its investment decisions on rigorous research and believes its greatest strength is an unrivalled global team of nearly 4000 investment professionals.
Below we will share with you 5 top rated Fidelity funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all Fidelity funds, then click here.
Fidelity Real Estate Income (FRIFX) seeks above-average income with a secondary objective of capital appreciation. The fund focuses on acquiring common and preferred stocks of real estate investment trusts. It also invests in debt securities from the real estate sector as well as other asset-backed securities. The fund returned 30.56% over the last one year period.
The Fidelity fund has a minimum initial investment of $2,500 and an expense ratio of 1.00% compared to a category average of 1.50%.
Fidelity Advisor Emerging Asia A (FEAAX) invests heavily in emerging market securities of Asia as well as other instruments with economic linkages to such countries. The fund focuses on purchasing common stocks and allocates assets for a particular market after considering its relative importance with respect to the region. The fund has a five year annualized return of 15.89%.
As of June 2010, this fund held 198 issues, with 4.43% of its total assets invested in Samsung Electronics Co Ltd.
Fidelity Advisor Freedom Income A (FAFAX) seeks high total return with preservation of capital invested as a secondary objective. The fund allocates its assets amongst a mix of Fidelity funds, investing in domestic and international equity funds, as well as bond funds and short term funds. The fund returned 10.94% over the last one year period.
Jonathan Shelon is the fund manager and he has managed this Fidelity fund since 2003.
Fidelity Select Natural Resources (FNARX) invests at 80% of its assets in companies whose principal operations involve ownership or development of natural resources. The fund also invest in companies who act as vendors to such companies as well as firms investing in precious metals The fund has a ten year annualized return of 8.79%.
The Fidelity fund has a minimum initial investment of $2,500 and an expense ratio of 0.92% compared to a category average of 1.57%.
Fidelity Advisor Investment Grade Bond A (FGBAX) seeks high current income. The fund invests heavily in debt securities rated investment grade as well as repurchase agreements for such instruments. It invests in bonds from different industry sectors with varying maturity periods. The fund returned 14.12% over the last one year period and has a three year annualized return of 4.87%.
Jeff Moore is the fund manager and he has managed this Fidelity fund since 2004.
To view the Zacks Rank and past performance of all Fidelity funds, then click here.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds/mutualfund/
