Top 5 Fidelity Mutual Funds

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, then click here.

Fidelity Growth Company (FDGRX) focuses on acquiring common stocks. The fund looks to purchase equity securities of companies with the potential to deliver superior growth. It invests in both domestic and foreign securities. The fund returned 31.01% over the last one year period.

The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.89% compared to a category average of 1.31%.

Fidelity Select Energy Services (FSESX) seeks capital growth. The fund invests a large proportion of its assets in companies whose primary operations are in the energy services domain. These companies could provide services to both conventional and alternative energy firms. It may also purchase foreign securities. The fund has a ten year annualized return of 13.24%.

Jonathan Kasen is the fund manager and he has managed this Fidelity mutual fund since May 2010.

Fidelity Select Medical Delivery (FSHCX) invests in firms engaged in the delivery of health care services. Such companies include those which manage hospitals, nursing homes health maintenance organizations and other firms focusing on delivery of healthcare services. The fund may also seek to acquire foreign securities. The fund returned 43.46% over the last one year period.

As of July 2011, this Fidelity mutual fund held 51 issues, with 16.32% of its total assets invested in UnitedHealth Group Inc.

Fidelity Pacific Basin (FPBFX) seeks capital appreciation over the long term. The fund invests the majority of its assets in securities of Pacific Basin issuers and other investments with economic linkages to the region. It primarily focuses on acquiring common stocks. It is a no load fund and may invest in foreign securities.

The Fidelity mutual fund has a three year annualized return of 9.01%.

Fidelity Equity-Income (FEQIX) utilizes the majority of its assets to acquire equity securities which generate significant income. The fund seeks to acquire large cap value stocks and purchases both domestic and foreign securities. It may also invest in other kinds of equity instruments as well as in debt securities. The fund returned 15.68% over the last one year period.

The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.68% compared to a category average of 1.27%.

To view the Zacks Rank and past performance of all Fidelity mutual 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.

Read the full analyst report on FDGRX

Read the full analyst report on FSESX

Read the full analyst report on FSHCX

Read the full analyst report on FPBFX

Read the full analyst report on FEQIX