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 Advisor Leveraged Company Stock A (FLSAX) seeks capital growth. The fund 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 24.57% over the last one year period.
Thomas T. Soviero is the fund manager and he has managed this Fidelity mutual fund since September 2003.
Fidelity Equity-Income As of November 2012, this Fidelity mutual fund held 301 issues, with 3.42% of its total assets invested in JPMorgan Chase & Co.
Fidelity International Discovery (FIGRX) seeks capital appreciation over the long term. The fund focuses on purchasing foreign securities and invests in common stock. It invests in different countries as well as regions and selects investments by conducting a fundamental analysis of each issuer. The fund returned 15.71 % over the last one year period.
The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.98% compared to a category average of 1.30%.
Fidelity Advisor Health Care A (FACDX) focuses on acquiring common stock. It invests the majority of its assets in companies whose principal operations are related to the design, manufacture or sale of products or services for health care or medicine. The fund returned 22.43% over the last one year period.
Edward Lee Yoon is the fund manager and he has managed this Fidelity mutual fund since September 2008.
Fidelity New Markets Income (FNMIX) seeks high current income. The fund invests the majority of its assets in emerging market securities and other instruments related to such markets. It is a non diversified fund and may also invest in other instruments. The fund returned 20.21% in the last one year period
The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.86% compared to a category average of 1.25%.
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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