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, investors can click here to see the complete list of funds.
Fidelity Convertible Securities (FCVSX) seeks both current income and capital growth. The fund invests a large share of its assets in convertible securities, primarily those with relatively lower ratings. It purchases both domestic and foreign securities and also invests in common stock. The fund has a three year annualized return of 30.71%. .
Thomas T. Soviero is the fund manager and he has managed this Fidelity mutual fund since October 2005.
Fidelity Emerging Asia (FSEAX) invests the majority of its assets in emerging market securities issued from Asia. The fund also purchases other instruments which have economic linkages with the region. It focuses on acquiring common stocks. The fund has a three year annualized return of 24.16%.
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 1.79%.
Fidelity Advisor Growth Opportunities A (FAGAX) seeks capital appreciation. The fund focuses on acquiring common stocks. It seeks out companies with the ability to deliver superior growth. It purchases both domestic and foreign securities. The fund has a three year annualized return of 33.86%.
As of February 2012, this Fidelity mutual fund held 215 issues, with 8.38% of its total assets invested in Apple, Inc.
Fidelity High Income (SPHIX) focuses on investing in debt instruments which generate income, preferred stocks and convertible securities, focusing on instruments with lower ratings. The fund may also purchase securities which do not generate income, such as those in default as well as common stocks. It may also invest in companies whose financial health is relatively weak. The fund has a three year annualized return of 22.1%.
The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.75% compared to a category average of 1.16%.
Fidelity Large Cap Stock (FLCSX) seeks capital appreciation over the long term. The fund invests a large share of its assets in large cap companies identical to those included in the Russell 1000 Index or the S&P 500. It may invest in growth or value stocks or hold both types. The fund has a three year annualized return of 32.69%.
Matthew W. Fruhan is the fund manager and he has managed this Fidelity mutual fund since June 2005.
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 at http://www.zacks.com/funds.
More From Zacks.com