Top 7 Popular Best Fidelity Mutual Funds

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Intro

This article is all about Popular Fidelity Mutual Funds. The list includes Top 7 Popular Fidelity Mutual Funds. All in the list are classified stock fund (equity fund) or diversified fund. Fidelity is considered as one of the top mutual fund family in the world. With wide selections of Investment products such as Mutual Funds, ETFs, Trading, Fixed Income & Bonds, cash management, 529s, annuities, insurance, Retirement & IRA and Managed accounts, Fidelity provide complete one stop solution for long term investor and active trader to invest in these products.

Several reasons to invest in Fidelity Mutual Funds:

  • Fidelity is the leader in most 4 stars and 5 stars rated fund in Morningstar Rating.
  • Fidelity Brokerage is the only place to buy these high rated mutual funds with no fees
  • Some funds are well known as solid mutual funds with a great fund manager such as Fidelity Contrafund, Fidelity Magellan and Fidelity Puritan.
  • Fidelity also offers various mutual fund products from index fund, active mutual fund, and Portfolio Advisory services.
  • Solid and great tools with mutual fund screener or selectors. Investor also can invest in other fund family for free as long as it is part of No Transaction fees fund (i.e. NTF funds).

Best Fidelity Mutual Funds

When I select a fund to invest, I always check the comparable asset with other fund family. The first criterion for the top 7 list is fund total asset. Huge fund asset means individual investors and institutional investor will select this fund first before other. The next criterion is the Morningstar rating. High Morningstar rating means the fund has performed well in any market conditions. Finally, I’ll check the fees as well as other fund classes which will cost lower expense ratio fees to invest in. To trade these mutual funds, you will need to open Fidelity Brokerage Account or other brokerage accounts.

Top 7 Popular Best Fidelity Mutual Funds:

  1. Fidelity Contrafund
  2. Fidelity Spartan 500 Index
  3. Fidelity Diversified International
  4. Fidelity Growth Company
  5. Fidelity Low-Priced Stock
  6. Fidelity Balanced
  7. Fidelity Puritan
  8. Fidelity Total Bond

Best Fidelity Info

(click column header to sort results)
No  
Mutual Funds Description  
Ticker  
Expense ratio  
Morningstar Rating  
Total Asset (Bil)  
Min Invest  
Yield  
1
Fidelity Contrafund
FCNTX
1.01%
5
71.06
$2,500
0.17%
2
Fidelity Spartan 500 Index
FUSEX
0.10%
3
38.43
$10,000
1.76%
3
Fidelity Diversified International
FDIVX
0.99%
4
34.82
$2,500
1.18%
4
Fidelity Growth Company
FDGRX
0.93%
4
34.72
$2,500
0.15%
5
Fidelity Low-Priced Stock
FLPSX
0.99%
4
31.03
$2,500
0.17%
6
Fidelity Balanced
FBALX
0.61%
4
20.50
$2,500
1.98%
7
Fidelity Freedom 2020
FFFDX
0.00%
3
19.62
$2,500
2.05%
8
Fidelity Puritan
FPURX
0.61%
4
18.81
$2,500
2.31%
9
Fidelity Freedom 2030
FFFEX
0.00%
3
14.29
$2,500
1.70%
10
Fidelity Total Bond
FTBFX
0.45%
4
12.86
$2,500
3.95%
Fidelity Contrafund Holdings
Fidelity Contrafund Holdings

1. Fidelity Contrafund – FCNTX

This Fidelity Contrafund is previously closed to investor; however it has reopened for new investor since late 2008. During the economic crisis, many investors withdrew their money. This fund has 5 stars in Morningstar rating. The fund has been a consistent performer through the years. The fund has invested a lot on blue-chip (i.e. large cap) household names. This is indicative of the careful strategy it assumed during the downturn. The strategy helped the fund minimize losses as the market bottomed, but it also capped returns when riskier parts of equity markets flourished in 2009. The fund is managed by William Danoff since 1990. There is no sales load for this mutual fund.

The Fidelity Contrafund objective is to seek capital appreciation. The fund normally invests mainly in common stocks. It may invest in companies’ securities whose value is not fully recognized by the public. The fund invests in both domestic and foreign issuers. It may invest in "growth" stocks or "value" stocks or both. The advisor uses fundamental analysis of each issuer's financial condition and industry position and economic & market conditions to select investments.

This fund is also offered in most IRA, 401K fund, and 529 account selection. There is only another asset class of Fidelity Contrafund Fund, FCNKX. This FCNKX fund has lower expense ratio of 0.85%.

The primary portfolio consists of large cap blend domestic stocks. The top 5 sectors of fund as October 2010 are Information Technology, Financials, Health Care, Consumer Staples and Energy sector. Top 10 largest equity holdings contribute to 18.6% asset for this fund are Apple, Google, Berkshire Hathaway, McDonalds, Wells Fargo, Coca-Cola, Disney, Visa, Nike, and Noble Energy.

2. Fidelity Spartan 500 Index

Fidelity Spartan 500 Index is a passively managed index fund offered by Fidelity investment. The Fidelity Spartan 500 Index fund seeks to provide investment results that correspond to the total return performance of common stocks publicly traded in the U.S. The fund usually invests at most of its assets (>80%) in common stocks included in the Standard & Poor's 500 index, which broadly represents the performance of common stocks publicly traded in the USA. In addition, the fund lends securities to receive income. The fund is managed by Jeffrey Adamssince 2005. There is no sales load for this index mutual fund.

This fund is also offered in most Retirement IRA, 401K fund, and 529 account selection. The other class tickers are FUSVX. This FUSVXfund has lower expense ratio of 0.07%.

The primary portfolio consists of large cap growth domestic stocks. The top 5 sectors of fund as October 2010 are Information Technology, Consumer Discretionary, Financial, Health Care and Energy sector. Top 10 largest equity holdings contribute to 18.6% asset for this fund are Exxon Mobil Corp, Apple Inc, Microsoft Inc, General Electric Co, Johnson & Johnson, Procter & Gamble Co, International Business Machine Corp (IBM), AT&T Inc, Chevron Corp and JPMorgan Chase & Co.

3. Fidelity Diversified International

The Fidelity Diversified International seeks capital appreciation. The fund normally invests in non-U.S. securities or International stocks. It primarily invests in common stocks / equities and allocates investments across countries and regions while considering the market size relative to size of the international market as a whole. The fund is managed by William Bowersince 2001. There is no sales load for this index mutual fund. The fund has returned 11.15% over the past year and 3.34% over the past five years.

This fund is also offered in most 401K fund selection. Some asset classes of fund have lower expense ratio fee. Other tickers of Fidelity Diversified International fund are: FDVFX and FDIKX. The FDVFX ticker only has expense ratio of 0.70% per year.

The primary portfolio consists of large cap blend international stocks. The top 5 sectors of fund as October 2010 are Financial, Consumer Discretionary, Energy, Materials and Information Technologies. The top 5 countries invested in this fund are United Kingdom, Japan, USA, Germany, and France. Top 10 largest equity holdings contribute to 16% asset for this fund are Nestle SA, HSBC Holding Plc, BP Plc, Vodafone Group Plc, BHP Billiton Ltd ADR, Banco Santander SA, Royal Dutch Shell Plc ADR, Novo-Nordisk AS, Mitsubishi UFJ Financial Group Inc, and Softbank Corp.

4. Fidelity Growth Company

Fidelity Growth Company fund is currently closed to new investors. The Fidelity Growth Company fund seeks capital appreciation. The fund invests primarily in common stocks or equities. It may invest in above-average growth potential companies. The fund may invest in domestic and foreign companies. The fund is managed by Steven S. Wymer since 1997. There is no sales load for this index mutual fund. The fund has returned 25.57% over the past year and 5.73% over the past five years.

This fund is also offered in most 401K fund selection. If you have 401k account, you may be able to invest in this fund through the other tickers such as FGCKX and FGRFX. Some asset classes of fund have lower expense ratio fee. The FGRFX ticker only has expense ratio of 0.67% per year.

The primary portfolio consists of large cap growth US Domestic stocks. The top 5 sectors of fund as October 2010 are Information Technologies, Health Care, Consumer Discretionary, Industrials and Consumer Staples. Top 10 largest equity holdings contribute to 23.94% of the fund asset are Apple Inc, Salesforce.com Inc, Google Inc, Red Hat Inc, Exxon Mobil Corp, Dendreon Corp, Amazon.com Inc, Alexion Pharmaceuticals Inc, Human Genome Sciences Inc, and Visa Inc.

Fidelity Low Priced Overview
Fidelity Low Priced Overview

5. Fidelity Low-Priced Stock

Fidelity Low-Priced Stock seeks capital appreciation. The fund normally invests primarily in common stocks and invests most assets (>80%) in low-priced stocks (<$35 per share), which can lead to investments in small and medium-sized companies. It potentially invests in stocks not considered low-priced and in domestic and foreign issuers. The fund invests in either value stocks or growth stocks or both. The fund is managed by Joel C. Tillinghastsince 1989. There is no sales load for this index mutual fund. The fund has returned 22.35% over the past year and 11.05% over the past ten years.

This fund is also offered in most Retirement IRA, 401K fund, and 529 account selection. The other class tickers are FLPKX. This FLPKXfund has lower expense ratio of 0.85%.

The primary portfolio consists of mid cap value domestic and international stocks (i.e. Medium sized companies). The top 5 sectors of fund as October 2010 are Consumer Discretionary, Information Technology, Health Care, Financials and Consumer Staples sector. The top 5 countries invested in this fund are USA, Canada, Japan, United Kingdom and Netherlands. Top 10 largest equity holdings contribute to 14.2% asset for this fund are UnitedHealth Group Inc, Metro Inc Sub Vtg, Next Plc, Safeway Inc, Unum Group, Abercrombie & Fitch Co, Fossil Inc, Hon Hai Precision Industry Co Ltd, and Ross Stores Inc.

6. Fidelity Balanced Fund

Fidelity Balanced Fund investment seeks income and capital growth consistent with reasonable risk. The fund invests approximately 60% of assets in stocks and other equity securities and the remainder in bonds and other debt securities, including lower-quality debt securities. It invests at least 25% of total assets in fixed-income senior securities (including debt securities and preferred stock). The fund invests in domestic and foreign issuers. The fund is managed by George D. Fischer since 2004. There is no sales load for this index mutual fund. The fund has returned 15.25% over the past year and 5.57% over the past ten years.

This fund is also offered in most Retirement IRA, 401K fund, and 529 account selection. The other class tickers are FBAKX. This FBAKXfund has lower expense ratio of 0.47%.

The primary portfolio consists of large cap domestic and international stocks. The top 5 sectors of fund as October 2010 are Information Technology, Financials, Industrials, Consumer Staples and Energy sector. Top 10 largest holdings contribute to 18.1% fund asset are USTN 1.375% 2/15/13, USTN 1.75% 4/15/13, USTN 1.75% 3/31/14, Apple Inc, Fannie Mae 5.5% 30 YR, USTN 2.625% 8/15/20, USTN 1.875% 6/30/15, JPMorgan Chase & Co, Fannie Mae 4.5% 30 YR, and Citigroup Inc.

7. Fidelity Puritan

Fidelity Puritan is another Fidelity flagship fund. The fund seeks consistent income and capital growth with reasonable risk. The fund invests 60% of assets in stocks and other equity securities and the remainder in bonds and other debt securities, including lower-quality debt securities. It invests at least 25% of total assets in fixed-income senior securities (including debt securities and preferred stock). The fund also invests in domestic and foreign issuers and invests in Fidelity's central funds. The fund is managed by Ramin Aranisince 2007. There is no sales load for this index mutual fund. The fund has returned 15.48% over the past year and -1.67% over the past 3 years.

This fund is also offered in most Retirement IRA, 401K fund, and 529 account selection. The other class tickers are FPUKX. This FPUKXfund has lower expense ratio of 0.47%.

The primary portfolio consists of large cap domestic and international stocks. The top 5 sectors of fund as October 2010 are Information Technology, Financials, Industrials, Consumer Discretionary and Health Care sector. Top 10 largest holdings contribute to 19% fund asset are USTN 1.75% 4/15/13, Apple Inc, USTN 1.875% 6/30/15, Chevron Corp, General Electric Co, USTN 1.75% 7/31/15, JPMorgan Chase & Co, Exxon Mobil Corp, Fannie Mae 5.5% 30 YR, and Citigroup Inc.

Disclosure: I have no affiliation with any of these mutual funds. I also have no position in any of these funds currently. Please do your own research for additional details. Please trade and invest responsibly. Past Performance is No Guarantee of Future Results.

Note: If you are interested in Fidelity Bond fund, please consider the following 10 best Fidelity Bond Funds article.


Fund Performance as of December 2010

(click column header to sort results)
Funds Description  
1 yr  
3 yr  
5 yr  
10 yr  
Fidelity Contrafund
20.85%
-4.09%
4.95%
4.57%
Fidelity Spartan 500 Index
16.45%
-6.53%
1.69%
-0.10%
Fidelity Diversified International
11.15%
-10.45%
3.34%
5.62%
Fidelity Growth Company
25.57%
-4.06%
5.73%
-0.32%
Fidelity Low-Priced Stock
22.35%
-1.86%
5.32%
11.05%
Fidelity Balanced
15.25%
-2.54%
4.22%
5.57%
Fidelity Freedom 2020
14.95%
-2.97%
3.80%
2.33%
Fidelity Puritan
15.48%
-1.67%
4.29%
4.39%
Fidelity Freedom 2030
16.15%
-5.18%
3.06%
1.53%
Fidelity Total Bond
10.65%
7.98%
6.63%
N/A

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1 comment

Faqih 22 months ago

How far do you think the minimum can fall over time? ING Direct ofefrs savings accounts with a high yield and a $1 minimum and no fees. Given the due diligence that a donor advised fund must do when sending out grants, do you think that the future may hold an ING Direct DAF account with a $1 minimum? Or will the minimum for a DAF stop at a higher level?

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