The 4 top-performing Fidelity mutual funds for the rest of 2021


Fidelity has massive mutual fund assets under management and a wide range of funds, spanning a huge range of sectors. Fidelity Investments is one of the largest and oldest mutual fund companies in the world. It provides clients with investment advice, discount brokerage services, annuity services, wealth management services, securities processing, and clearance and life insurance products.

At Fidelity Investments, a large group of investment professionals conduct extensive and in-depth research to bring potential investment opportunities to investors worldwide. Fidelity has approximately $11.1 trillion in assets under management as of June 30, 2021. The firm manages more than 504 mutual funds across a wide range of categories, including domestic, overseas, equity and bond funds.

Fidelity Advisor Series Growth Opportunities Fund FAOFX proved to be one of the best performing mutual funds in the Fidelity family. The fund gained 35.4% over the past year. FAOFX, which invests much of its wealth in common stocks of companies with above-average growth potential, is up 18.4% year to date.

Fidelity invests in a variety of sensitive, cyclical and defensive sectors. Of the sensitive sectors, most investments were made in the technology sector. Among the cyclical sectors, the fund family invested most in the financial services sector, while among the defensive sectors it invested heavily in healthcare.

The 4 best mutual funds to buy right now

We’ve highlighted four Fidelity mutual funds that carry a Zacks Investment Fund Rank #1 (Strong Buy) that are expected to perform exceptionally through the remainder of this year. In addition, these funds show encouraging one-year and annual returns. Moreover, the minimum initial investment is within $5000.

We expect these funds to outperform their peers going forward. Remember, the goal of the Zacks Investment Fund Rank is to help investors identify potential winners and losers. Unlike most fund rating systems, the Zacks Investment Fund Rank focuses not only on past performance but also on the likely future success of the fund.

The question here is: why should investors consider mutual funds? Reduced transaction costs and portfolio diversification without the multiple commission fees associated with stock purchases are the primary reasons why one should park their money in mutual funds (read more: Mutual Funds: Pros, Cons, and How They Make Investor Money).

Fidelity Growth & Income Portfolio Class K FGIKX seeks high total return through a combination of current income and capital appreciation. The Fund invests the majority of its assets in common stocks, focusing on those that pay ongoing dividends and have potential for capital appreciation. It also invests in bonds, lower quality debt securities and stocks that are not currently paying dividends but have the potential for future income or capital appreciation.

This Zacks Large Cap Blend product has had a positive total return for more than 10 years. FADTX has an annual expense ratio of 1.01%. The fund has a one-year return and an annual return of 36.1% and 20.9%, respectively.

Fidelity Blue Chip Growth Fund FBGRX seeks capital appreciation. The fund invests the majority of its assets in blue chip companies. The fund, which focuses primarily on established and well-known companies, invests in securities of both US and non-US issuers.

Zacks’ large-cap growth product has had positive total returns for more than 10 years. FSELX has an annual expense ratio of 0.79%. The fund has a one-year return and an annual return of 34.5% and 20.1%, respectively.

Fidelity Advisor Value Strategies Fund Class C FVCSX seeks capital appreciation and invests primarily in common stocks. The Fund invests the lion’s share of its assets in securities of mid-cap companies. It can also invest in large and small capitalization companies. The fund focuses on companies that are undervalued in terms of assets, revenue, earnings or growth potential.

This Zacks Global – Equity product has had positive total returns for more than 10 years. FVCSX has an annual expense ratio of 1.83%. The fund has a one-year return and an annual return of 57.6% and 25.6%, respectively.

Fidelity Real Estate Income Fund FRIFX strives for above-average income and capital growth. She invests the lion’s share of her assets in real estate companies and other real estate-related investments. The fund also invests in preferred and common stocks of real estate investment trusts, debt securities of real estate companies, and commercial and other mortgage-backed securities.

This sector real estate product has shown positive total returns for over 10 years. FRIFX has an annual expense ratio of 0.73%. The fund has a one-year return and an annual return of 25.7% and 16.1%, respectively.

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