Top Fidelity Funds

• By Zacks Investment Research
• On 4:55 pm EDT, Tuesday October 20, 2009

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 - Analyst Report), Autoliv Inc. (ALV - Analyst Report) and BorgWarner Inc. (BWA - Analyst Report).

Fidelity Japan Smaller Companies (NASDAQ: FJSCX - News) 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.

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