Founded over four decades ago, Fidelity Investments is one of the world’s largest mutual fund companies. With over $1.57 trillion of assets under management, it offers a wide variety of mutual funds and provides fund distribution, investment advice and discount brokerage services. Among its other operations, it offers 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 1000 investment professionals that covers 95% of world market capitalization.
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 Blue Chip Growth (FBGRX) seeks long-term capital appreciation. It invests heavily in blue chip stocks and seeks out shares of established companies. This includes companies in the S&P 500 as well as those with a minimum market capitalization of $1 billion. It invests in both domestic and foreign securities. The fund returned 47.8% over the last one year period.
This Fidelity fund has a minimum initial investment of $2,500 and an expense ratio of 0.76% compared to a category average of 1.33%.
Fidelity Canada (FICDX) invests at least 80% of its assets in Canadian companies and other investments with economic linkages to the country. Up to 35% of its assets are invested in any sector that makes up more than 20% of the Canadian market. The fund returned 34.97% in 2009 and has a ten year annualized return of 10.39%.
Douglas Lober is the fund manager and he has managed this Fidelity fund since 2008.
Fidelity Select Industrial Equipment (FSCGX) seeks capital growth by investing in companies engaged in the manufacturing, distribution and servicing of industrial equipment. Such companies would include producers of capital equipment, suppliers of parts and subcontractors. It is a no load fund and may invest in foreign securities.
The fund returned 52.86% over the last one year period.
Fidelity Capital & Income (FAGIX) invests in both equity and debt, with a greater emphasis on lower-rated debt securities. It may consider for investment companies with comparatively poor financial strength. The fund invests in both domestic and foreign issuers. It returned 67.36% in 2009 and has a five year annualized return of 7.75%.
This Fidelity fund has a minimum initial investment of $2,500 and an expense ratio of 0.75% compared to a category average of 1.21%.
Fidelity Low-Priced Stock (FLPSX) seeks capital appreciation by investing at 80% of its assets in low-priced stocks. These stocks are those shares which are priced below $35 at the time of purchase. The fund returned 46.17% over the last one year period.
As of November 2009, this fund held 873 issues, with 2.80% of its total assets invested in UnitedHealth Group, Inc.
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/
