The fund invests the majority of its assets in securities of companies mostly engaged in offering, using or developing products or services that will gain considerably from technological advances and improvements. FSELX has no minimum initial investment.įidelity Advisor Technology Fund Class A ( FADTX ) primarily invests in common stocks. It has returned 64.5% over the period of a year. To see how this fund performed compared to its category, and other 1 and 2 Ranked Mutual Funds, please click here.įSELX has an annual expense ratio of 0.73%, which is below the category average of 1.30%. This Zacks sector – Tech has a history of positive total returns for more than 10 years.
FSELX is a non-diversified fund that invests in both U.S. The fund invests the majority of its assets in design, manufacture or sale of semiconductors and semiconductor equipment. The question here is why should investors consider mutual funds? Reduced transaction costs and diversification of portfolio without several commission charges that are associated with stock purchases are primarily why one should be parking money in mutual funds (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money).įSELX aims for capital growth. Unlike most of the fund-rating systems, the Zacks Mutual Fund Rank is not just focused on past performance but also on the likely future success of the fund. Remember, the goal of the Zacks Mutual Fund Rank is to guide investors to identify potential winners and losers. We expect these funds to outperform their peers in the future. In addition, the minimum initial investment for these funds is within $5,000. We have, therefore, selected five Fidelity mutual funds that carry a Zacks Mutual Fund Rank #1 (Strong Buy). In fact, speaking of the top-performing mutual funds from the fund house in the last one year, Fidelity Select Semiconductors Portfolio FSELX gained the most with 64.5% returns, followed by Fidelity Advisor Semiconductors Fund Class A (FELAX) and Fidelity Select Technology Portfolio (FSPTX) with returns of 63.7% and 51.1%, respectively. The company also invested heavily in the sector in 2019, banking on the gains smartly. mutual funds to fixed income and equity mutual funds.įinally, Fidelity’s technology-specific mutual funds fared impressively in 2019, and were some of its top-performing mutual funds owing to the sector’s significant gains. The company manages more than 504 mutual funds across a broad range of categories, which can vary from U.S. In addition, most of the firm’s mutual funds (96.8%) were no-load funds against load funds (3.2%) as of Dec 30. A major reason behind this impressive figure is Fidelity’s diversified global financial services and asset management capabilities.Ī majority of Fidelity mutual funds’ minimum initial investment is quite low, ranging between $0 and $2500. Its strategies to invest extensively across various asset classes and employ a large band of investment professionals to manage the mutual funds are major reasons behind the firm’s popularity.įidelity Investment’s assets under management as of November 2019 were more than $8.2 trillion (comprising discretionary assets of $3.1 trillion). The company not only offers portfolio construction in the arena of mutual funds but also meet their clients’ precise requirements. Founded more than 70 years ago, Fidelity is one of the largest and most-diversified financial services companies in the world.