The Zacks Mutual Fund Rank reveals its top 5 Fidelity Funds: Fidelity Mid Cap Growth, Fidelity Advisor Industrials A, Fidelity Advisor Dynamic Capital Appreciation A, Fidelity Advisor Latin American A and Fidelity Advisor High Income A – Press Releases
Posted on April 16, 2010 at 09:33 AM EDT
For Immediate Release Chicago, IL – April 16, 2010 – Today Zacks.com features the Top 5 Fidelity Funds; Fidelity Mid Cap Growth ( FSMGX ), Fidelity Advisor Industrials A ( FCLAX ), Fidelity Advisor Dynamic Capital Appreciation A ( FARAX ), Fidelity Advisor Latin America A ( FLTAX ) and Fidelity Advisor High Income A ( FHIAX ). These Fidelity funds are given our highest rating; Zacks #1 Ranked Strong Buys. That means we expect these funds to outperform their peers in the future. Zacks.com provides exclusive ratings on over 18,000 funds in 42 different categories. To learn more about Zacks Mutual Fund Rank, click here. http://at.zacks.com/?id=6760 Zacks #1 Ranked Fidelity Funds Fidelity Mid Cap Growth ( FSMGX ) seeks long-term capital appreciation. It invests the majority of its assets in mid-cap companies which are identical to firms included in the Russell Midcap Index or the S&P MidCap 400 Index. It may also purchase securities of relatively smaller and larger companies. The fund invests in both domestic and foreign securities. It is a no-load fund. The fund returned 67.2% over the last one year period. 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 returned 84.53% in the last one year and has a ten year annualized return of 8.66%. Tobias W. Welo is the fund manager and he has managed this Fidelity fund since 2007. Fidelity Advisor Dynamic Capital Appreciation A ( FARAX ) seeks capital growth by investing in domestic and foreign common stocks. The fund has been formulated for individuals in tax-qualified retirement plans and non –profit organizations. Thus, the capital gains realized may have significant tax-related implications. The fund returned 65.2% over the last one year period. The Fidelity fund has a minimum initial investment of $2,500 and an expense ratio of 1.08% compared to a category average of 1.33%. Fidelity Advisor Latin America A ( FLTAX ) invests the majority of its assets in Latin American securities and investments with economic linkages to the Latin American region. The fund focuses on acquiring common stocks. Up to 35% of its total assets may be invested in a sector which makes up more than 20% of the Latin American market. The fund returned 92.85% in the last one year period and has a five year annualized return of 18.33%. As of February 2010, this fund held 84 issues, with 8.12% of its total assets invested in Vale S.A. 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. It may also invest in common stocks and defaulted securities. The fund returned 34.93% over the last one year period. Matt Conti is the fund manager and he has managed this Fidelity fund since 2001. To view the Zacks Rank and past performance of all Fidelity Funds then click here . About Zacks Mutual Fund Rank The Zacks Mutual Fund Rank is a quantitative ratings system created by Len Zacks, a PHD in mathematics from MIT. The goal of the rank is simple; goal to help investors find the best mutual funds to beat the market. To discover how the Zacks mutual fund rank works and to receive daily notifications on our fund rankings, click here: http://at.zacks.com/?id=5855 About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. The company continually processes stock reports issued by 3,000 analysts from 150 brokerage firms. It monitors more than 200,000 earnings estimates, looking for changes. Then when changes are discovered, they’re applied to help assign more than 4,400 stocks into five Zacks Rank categories: #1 Strong Buy, #2 Buy, #3 Hold, #4 Sell, and #5 Strong Sell. This proprietary stock picking system; the Zacks Rank, continues to outperform the market by nearly a 3 to 1 margin. To discover all Zacks has to offer investors like yourself, then go to our home page at www.zacks.com Follow us on Twitter: http://twitter.com/zacksresearch Join us on Facebook: http://www.facebook.com/home.php#pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security. Contact: Jim Giaquinto Company: Zacks.com Phone: 312-265-9149 Email: pr@zacks.com Visit: www.zacks.com Zacks Investment Research