With over $133.8 billion of assets under management, Fidelity Investments is one of the world’s largest mutual fund companies. It offers a wide range of mutual funds to its customers and provides fund distribution, investment advice and discount brokerage services. 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 a global team of 4000 investment professionals.
Below we will share with you 5 top rated Fidelity mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform their peers in the future. To view the Zacks Rank and past performance of all Fidelity mutual funds, then click here.
Fidelity Balanced (FRIFX) utilizes around 60% of its assets to purchase equity securities and the balance to hold debt securities, including those of lower quality. At least 25% of the fund’s assets are invested in fixed-income senior securities. It invests in both domestic and foreign securities. The fund returned 8.06% over the last one year period.
George D. Fischer is the fund manager and he has managed this Fidelity mutual fund since January 2004.
Fidelity Select Technology (FSPTX) seeks long term capital growth. The fund invests primarily in companies that develop or offer products, processes, or services that benefit significantly from technological advances and improvements. The fund has a five year annualized return of 3.78%.
The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.89% compared to a category average of 1.75%.
Fidelity Small Cap Stock (FSLCX) invests heavily in small cap companies. Common stocks of companies with market capitalizations identical to those which are part of the Russell 2000 or S&P SmallCap 600 index constitute its major investments. The fund returned 6.4% over the last one year period.
As of April 2010, this Fidelity mutual fund held 192 issues, with 5.53% of its total assets invested in Fidelity Revere Str Tr.
Fidelity Canada (FICDX) seeks capital appreciation. It 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 12.48% in the last one year and has a ten year annualized return of 8.59%.
The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.13% compared to a category average of 1.40%.
Fidelity Select Energy (FSENX) invests the majority of its assets in companies from the energy sector. This includes conventional energy sources such as oil, gas, electricity, and coal, and newer alternatives such as nuclear, geothermal, oil shale, and solar power. It seeks capital growth over the long term. The fund has a ten year annualized return of 6.82%.
John Dowd is the fund manager and he has managed this Fidelity mutual fund since May 2006.
To view the Zacks Rank and past performance of all Fidelity mutual 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/
