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3 Best-Rated Fidelity Mutual Funds to Buy Now

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Fidelity Investments is considered one of the leaders in the financial services industry with its presence in eight countries of North America, Europe, Asia and Australia, and more than 400 research professionals. The company carries out operations in the U.S. through 10 regional offices and over 180 Investor Centres. The company provides investment advice, discount brokerage services, retirement services, wealth management services, securities execution and clearance and life insurance products to its clients.

The company serves more than 24 million individual investors. As of Dec 31, 2015, Fidelity had total assets of $5.2 trillion with $2.1 trillion under management. The company manages over 200 mutual funds across a wide range of categories including both domestic as well as foreign funds, and equity and fixed income funds.

Below we share with you three top-ranked Fidelity mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Fidelity funds, their Zacks Rank and past performance.

Fidelity Select IT Services Portfolio (FBSOX - Free Report) invests a major portion of its assets in common stocks of companies that provide information technology services. FSBOX invests in securities of both U.S. and non-U.S. firms. While selecting investments, FSBOX uses fundamental analysis of factors looking into the issuer’s financial condition and industry position along with the economic and market environment. Fidelity Select IT Services Portfolio is a non-diversified fund and has returned 15.3% over the past three years.

FBSOX has an expense ratio of 0.8% as compared to category average of 1.42%.

Fidelity Japan Smaller Companies (FJSCX - Free Report) seeks capital appreciation over the long term. It invests most of its assets in Japanese securities or other instruments economically connected with Japan. FJSCX invests in securities of companies with market cap similar to those listed in Russell/Nomura Mid-Small Cap Index or the Japanese Association of Securities Dealers Automated Quotations (JASDAQ) Index. The fund may also invest in securities of the large-cap Japanese firms. Fidelity Japan Smaller Companies fund has returned 7.8% over the past three years.

As of January 2016, FJSCX held 87 issues with 1.99% of its assets invested in Kotobuki Spirits Co Ltd.

Fidelity Advisor Telecommunications A (FTUAX - Free Report) invests a large portion of its assets in common stocks of companies involved in operations related to communications services or communications equipment. FTUAX invests in securities of companies located worldwide. The fund seeks capital growth over the long run. Fidelity Advisor Telecommunications A has returned 10.4% over the past three years.

FTUAX has an expense ratio of 1.15% as compared to the category average of 1.28%.

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. Pick the best mutual funds with the Zacks Rank.

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