Top 5 Fidelity Mutual Funds (April 2011)

Founded over four decades ago, Fidelity Investments is one of the world’s largest mutual fund companies. With over $159.5 billion 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.

Fidelity Select Energy (FSENX) invests the majority of its assets in companies from the energy sector. This includes conventional energy sources such as oil, gas, electricity, and coal, and newer alternatives such as nuclear, geothermal, oil shale, and solar power. It seeks capital growth over the long term. The fund has a five year annualized return of 7.18%.

John Dowd is the fund manager and he has managed this Fidelity mutual fund since May 2006.

Fidelity Select Natural Resources (FNARX) seeks capital appreciation. The fund invests at 80% of its assets in companies whose principal operations involve ownership or development of natural resources. The fund also invest in companies who act as vendors to such companies as well as firms investing in precious metals The fund returned 41.3% in the last one year period.

The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.92% compared to a category average of 1.52%.

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 has a three year annualized return of 8.36%.

As of February 2011, this Fidelity mutual fund held 79 issues, with 13.53% of its total assets invested in General Electric Company.

Fidelity Select Industrial Equipment (FSCGX) seeks capital growth by investing 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 29.3% over the last one year period.

Fidelity Select Utilities (FSUTX) invests the majority of its assets in utility companies or those deriving a large share of their revenues from operations in this sector. It is non-diversified and may purchase foreign securities. It may also invest a large share of its assets in a single issuer. The fund has a ten year annualized return of 29.3%.

Douglas Simmons is the fund manager and he has managed this Fidelity mutual fund since 2006.

To view the Zacks Rank and past performance of all Fidelity mutual funds, then click here.

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