Founded over four decades ago, Fidelity Investments is one of the world’s largest mutual fund companies. With over $1.67 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, investors can click here to see the complete list of funds.
Fidelity Growth Company (FDGRX) seeks capital growth. It invests a large share of its assets in common stocks of growth-oriented companies. The fund invests in both domestic and foreign securities. It selects those securities for its investment that have significant growth potential. The fund returned 6.12% over the last one year period.
Steven S. Wymer is the fund manager and he has managed this Fidelity mutual fund since January 1996.
Fidelity International Discovery (FIGRX) invests in different countries as well as regions and selects investments by conducting a fundamental analysis of each issuer. The fund focuses on purchasing foreign securities and invests in common stock. The fund returned 14.42% over the last one year period.
As of February 2013, this Fidelity mutual fund held 191 issues, with 2.06% of its total assets invested in Royal Dutch Shell PLC Class B.
Fidelity Select Biotechnology (FBIOX) seeks capital growth. The fund invests the majority of its assets in biotechnology companies as well as those seeking to benefit from advances in the biotechnological sector. It focuses on acquiring common stocks and may also purchases securities issued by foreign companies. The fund returned 37.09% over the last one year period.
The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.83% compared to a category average of 1.52%.
Fidelity Advisor Leveraged Company Stock A (FLSAX) invests heavily in common stocks of leveraged companies. These are firms which issue debt securities of lower quality as well as those with leveraged capital structures. The fund returned 24.71% over the last one year period.
Thomas T. Soviero is the fund manager and he has managed this Fidelity mutual fund since 2003.
Fidelity Advisor Gold A (FGDAX) seeks capital growth. The fund invests the majority of its assets in companies involved in gold related activities and also in gold bullion or coins. A maximum of 25% of its assets are invested in precious metals via a wholly owned subsidiary. The fund returned -24.97% in the last one year period.
The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.14% compared to a category average of 1.42%.
To view the Zacks Rank and past performance of all Fidelity mutual funds, investors can click here to see the complete list of funds.
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.
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