With over $1.47 trillion of assets under management, Fidelity Investments is one of the world’s largest mutual fund companies. Founded over four decades ago, it offers a wide variety of mutual funds and provides fund distribution, investment advice and discount brokerage services. The company also offers retirement services, wealth management, and life insurance products. Fidelity bases its investment decisions on rigorous research and believes its greatest strength is a team of nearly 1000 investment professionals located worldwide.
Below we will share with you 5 top rated Fidelity funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all Fidelity funds, then click here.
Fidelity Mid Cap Growth (FSMGX) seeks long-term capital appreciation. It invests the majority of its assets in mid-cap companies which are identical to firms included in the Russell Midcap Index or the S&P MidCap 400 Index. It may also purchase securities of relatively smaller and larger companies. The fund invests in both domestic and foreign securities. It is a no-load fund.
The fund returned 67.2% over the last one year period.
Fidelity Advisor Industrials A (FCLAX) invests at least 80% of its assets in companies whose major operations are related to cyclical industries. Automotive, chemical, construction, defense and aerospace, and the transportation sectors are among those, which are considered to be cyclical in nature. The fund returned 84.53% in the last one year and has a ten year annualized return of 8.66%.
Tobias W. Welo is the fund manager and he has managed this Fidelity fund since 2007.
Fidelity Advisor Dynamic Capital Appreciation A (FARAX) seeks capital growth by investing in domestic and foreign common stocks. The fund has been formulated for individuals in tax-qualified retirement plans and non –profit organizations. Thus, the capital gains realized may have significant tax-related implications. The fund returned 65.2% over the last one year period
The Fidelity fund has a minimum initial investment of $2,500 and an expense ratio of 1.08% compared to a category average of 1.33%.
Fidelity Advisor Latin America A (FLTAX) invests the majority of its assets in Latin American securities and investments with economic linkages to the Latin American region. The fund focuses on acquiring common stocks. Up to 35% of its total assets may be invested in a sector which makes up more than 20% of the Latin American market. The fund returned 92.85% in the last one year period and has a five year annualized return of 18.33%.
As of February 2010, this fund held 84 issues, with 8.12% of its total assets invested in Vale S.A.
Fidelity Advisor High Income A (FHIAX) seeks current income with a secondary objective of capital appreciation. It invests in fixed-income securities, preferred stocks and convertible securities. It may also invest in common stocks and defaulted securities. The fund returned 34.93% over the last one year period.
Matt Conti is the fund manager and he has managed this Fidelity fund since 2001.
To view the Zacks Rank and past performance of all Fidelity funds, then click here.
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/mutualfund/