Back to top

Best of Fund Family

With over $1.5 trillion of assets under management, Fidelity Investments is one of the world’s largest mutual fund companies. It offers a wide range of mutual funds to its customers and provides fund distribution, investment advice and discount brokerage services. Fidelity also provides retirement services, wealth management, securities execution and clearance and life insurance products. The company bases its investment decisions on rigorous research and believes its greatest strength is an unrivalled global team of 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 Contrafund (FCNTX - MF report) seeks long term capital appreciation by investing in common stocks. The fund focuses on acquiring stocks that are generally perceived as being under valued by the public as per the Fidelity Management & Research Company. It may hold both growth and value stocks and invest in both domestic and foreign markets. The fund has a three year annualized return of 3.51%.

William Danoff is the fund manager and he has managed this Fidelity mutual fund since 1990.

Fidelity GNMA Fund (FGMNX - MF report) invests the majority of its assets in Ginnie Maes and related repurchase agreements. The fund also invests in securities issued by the US government or those issued by bodies that are sponsored by the Congress but not backed by the US treasury. The fund returned 6.87% in the last one year period.

The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.45% compared to a category average of 0.98%.

Fidelity Municipal Income (FHIGX - MF report) seeks current yield not subject to federal income tax. The fund invests a large share of its assets in municipal bonds whose interest is exempt from federal income tax. Its investments span across many market sectors and different maturity periods. The fund has a ten year annualized return of 4.88%.

As of August 2011, this Fidelity mutual fund held 1,148 issues, with 0.88% of its total assets invested in Atlanta Ga Wtr & Waste Wtr Rev Rev Bd 5%.

Fidelity Select Industrial Equipment (FSCGX - MF report) invests in companies engaged in the manufacture, distribution and servicing of industrial equipment. Such companies would include producers of capital equipment, suppliers of parts and subcontractors. It is a no load fund and may invest in foreign securities.

The Fidelity mutual fund returned 1.88% over the last three year period.

Fidelity Emerging Markets (FEMKX - MF report) seeks capital growth. The fund primarily invests in common stocks from emerging markets and instruments related to such countries. Investments are made after analyzing the market and economic conditions and by fundamentally assessing the financial position of the issuer. The fund has a five year annualized return of 1.07%.

Robert B. von Rekowsky is the fund manager and he has managed this Fidelity mutual fund since 2004.

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/mutualfunds/

Please login to Zacks.com or register to post a comment.

If you wish to go to ZacksFunds.com, click OK. If you do not, click Cancel.

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%