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 Equity-Income (FEQIX) invests the majority of its assets in equity securities which generate income, focusing on acquiring large cap stocks. The fund purchases both domestic and foreign securities. It may also invest in debt securities, including those of lower quality. The fund returned 15.7% over the last one year period.
James Morrow is the fund manager and he has managed this Fidelity mutual fund since October 2011.
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 .95% over the last one year period.
The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.92% compared to a category average of 1.29%.
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 -26.35% over the last one year period.
As of August 2012, this Fidelity mutual fund held 145 issues, with 13.04% of its total assets invested in Goldcorp, Inc.
Fidelity Advisor Health Care A (FACDX) seeks capital growth. The fund 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 19.09% 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 Select Natural Resources (FNARX) invests a large share of its assets in companies whose principal operations are related to natural resources or providing services to companies from the sector. The fund focuses on acquiring common stock and also invests in specific precious metals. The fund returned -5.94% over the last one year period.
The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.84% compared to a category average of 1.45%.
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.
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