Top 5 Fidelity Mutual Funds (July 2011)

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.

Fidelity International Small Cap (FISMX) seeks capital growth. The fund invests heavily in foreign securities, including instruments issued from developing economies. Common stocks of companies with market capitalizations of $5 billion or less constitute the majority of its investments. The fund returned 45.03% over the last one year period.

The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.42% compared to a category average of 1.63%.

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 ten year annualized return of 10.97%.

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

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 42.45% over the last one year period.

Fidelity Select Natural Resources (FNARX) invests at 80% of its assets in companies whose principal operations involve ownership or development of natural resources. The fund also invests in companies who act as vendors to such companies as well as firms investing in precious metals. It may purchase foreign securities. The fund has a five year annualized return of 7.37%.

As of December 2010, this Fidelity mutual fund held 85 issues, with 7.82% of its total assets invested in ExxonMobil Corporation.

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, focusing on debt securities with lower ratings. The fund may also invest in common stocks and defaulted securities. It purchases both domestic and foreign securities. The fund returned 15.25% over the last one year period.

The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.06% compared to a category average of 1.20%.

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

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