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 Small Cap A (FSCDX) invests the majority of its assets in small cap companies. These firms must have market capitalizations identical to included in the Russell 2000 Index or the S&P SmallCap 600 index. It purchases in both domestic and foreign securities and may invest in growth or value stocks or both. The fund has a three year annualized return of 10.52%.
James M. Harmon is the fund manager and he has managed this Fidelity mutual fund since October 2005.
Fidelity Value Strategies (FSLSX) seeks capital growth. The fund focuses on acquiring common stocks. It invests in stocks that are attractively priced relative to their intrinsic value. It primarily invests in mid-cap companies but may also invest in smaller or larger firms. The fund has a three year annualized return of 19.54%.
The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.88% compared to a category average of 1.29%.
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 has a three year annualized return of 17.91%.
As of April 2012, this Fidelity mutual fund held 156 issues, with 7.79% of its total assets invested in LyondellBasell Industries NV.
Fidelity Advisor Infl-Prot Bond A (FIPAX) seeks total return greater than the long term rate of inflation. The fund invests a large share of its assets in a wide range of debt securities protected from inflation. It aims to have overall interest rate risk which is identical to that of the Barclays treasury Inflation-Protected Securities (TIPS) Index (Series-L). The fund has a three year annualized return of 8.88%.
William Irving is the fund manager and he has managed this Fidelity mutual fund since October 2004.
Fidelity Large Cap Growth (FSLGX) invests the majority of its assets in large cap companies. These firms must be similar to those included in the Russell 1000 Index or the S&P 500. It focuses on acquiring common stocks of growth-oriented companies. The fund has a three year annualized return of 16.65%.
The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.87% compared to a category average of 1.27%.
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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