Founded over four decades ago, Fidelity Investments is one of the world’s largest mutual fund companies. With over $1.5 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
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 funds, then click here.
Fidelity Advisor Value Strategies A (NASDAQ:FSOAX - News) seeks capital growth. The fund primarily purchases common stocks of companies that are attractively priced relative to assets, sales, earnings or growth potential. The fund focuses investing in mid-cap companies. The fund has a three year annualized return of 24.63%.
Thomas T. Soviero is the fund manager and he has managed this Fidelity mutual fund since 2010.
Fidelity Advisor Balanced A (NASDAQ:FABLX - News) invests around 60% of its assets in equity securities and the balance in debt securities, including those of relatively lower quality. Not more than 25% of its assets may be utilized to purchase fixed-income senior securities. The fund returned 5.11% in the last one year period.
The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.99% compared to a category average of 0.99%.
Fidelity Advisor Overseas A (NASDAQ:FAOAX - News) seeks capital appreciation over the long term. The fund invests the majority of its assets in foreign securities. It distributes its investments across various countries and regions and focuses on acquiring common stocks. The fund has a ten year annualized return of 3.68%.
As of October 2011, this Fidelity mutual fund held 226 issues, with 2.01% of its total assets invested in Volkswagen AG Shs Sponsored American Deposit Receipt Repr 1/5 Pfd Sh.
Fidelity Mega Cap Stock (FGRTX) invests a large share of its assets in common stocks of firms with market capitalizations similar to companies in the Russell Top 200 Index or the S&P 100 Index. The fund invests in either growth or value or stocks or both. The fund returned 8.44% in the last one year period.
The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.78% compared to a category average of 1.12%.
Fidelity Advisor Investment Grade Bond A (NASDAQ:FGBAX - News) seeks high current income. The fund invests the majority of its assets in debt securities rated investment grade and related repurchase agreements. It distributes its assets among funds from various sectors and with different maturity periods. The fund has a five year annualized return of 4.57%.
Jeffrey Moore is the fund manager and he has managed this Fidelity mutual fund since 2004.
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.
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