Fidelity Capital & Income (FAGIX) was incepted in November 1977. The investment seeks income and capital growth.

The fund typically invests in equity and debt securities, including defaulted securities, with an emphasis on lower-quality debt securities. It may invest in both domestic and foreign issuers.

Shareholders have to make a minimum initial investment of $2,500 to enter this Zacks#1 Rank (“Strong Buy”) fund. It has an expense ratio of 0.74%.

Fidelity Select Automotive (FSAVX) seeks capital appreciation. The fund is non-diversified.

The fund primarily invests in securities of companies engaged in the manufacture, marketing or sale of automobiles, trucks, specialty vehicles, parts, tires and related services. It may invest in securities of foreign issuers.

The fund’s key holdings include Johnson Controls Inc. (JCI), Autoliv Inc. (ALV) and BorgWarner Inc. (BWA).

Fidelity Japan Smaller Companies (FJSCX) seeks long-term capital growth through investment in equity securities of Japanese issuers.

The fund normally invests primarily in common stocks of companies with smaller market capitalization. However, it may also invest in securities of Japanese issuers with larger market capitalizations.

The fund has topped the total returns of its benchmark index in the last 1 and 3-year periods. It offers dividends and capital gains annually in December.


Zacks Investment Research