With over $1.67 trillion of assets under management and a wide variety of mutual funds spanning across a wide spectrum of sectors, Fidelity Investments is one of the largest mutual fund companies in the world. The company provides investment advice, discount brokerage services, retirement services, wealth management services, securities execution and clearance and life insurance products to its clients. At Fidelity, nearly 1000 investment professionals carry out extensive and in-depth research to provide potential investment avenues worldwide for their investors.
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.
Fidelity Large Cap Stock (FLCSX) invests the majority of its assets in companies whose market capitalizations are identical to those which are part of the Russell 1000 Index or S&P 500. The fund focuses on acquiring common stocks and invests in both domestic and foreign companies. The fund returned 19.74% over the last one year period.
The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.02% compared to a category average of 1.11%.
Fidelity China Region (FHKCX) seeks long term capital growth. The fund invests a large share of its assets in securities issued from Hong Kong, Taiwan and China. It may invest a maximum of 35% of its assets in a sector which makes up more than 20% of the Hong Kong, Taiwan and China market. The fund returned 15.81% over the last one year period.
As of April 2013, this Fidelity mutual fund held 101 issues, with 5.75% of its total assets invested in Taiwan Semiconductor Manufacturing Co Ltd.
Fidelity Select Gold (FSAGX) invests heavily in companies whose principal operations are related to gold as well as in gold bullion or coins. A maximum of 25% of its assets are invested in precious metals via a wholly owned subsidiary. The fund is non-diversified and returned - -34.84% over the last one year period.
Joe Wickwire is the fund manager and he has managed this Fidelity mutual fund since August 2007.
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 45.47% over the last one year period.
The Fidelity mutual fund has an expense ratio of 0.83% compared to a category average of 1.48%.
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 26.87% over the last one year period.
Thomas T. Soviero is the fund manager and he has managed this Fidelity mutual fund since 2003.
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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