When it comes to mutual fund investing, Fidelity is one of the biggest names in the industry. Their Fidelity Magellan Fund (estimated in 1963) took on an almost legendary status, led by guru Peter Lynch 1977-1990, reaping big rewards for their investors with more than 25% annual return over the period. After nearing $ 100B in assets, Magellan fund now has just over $ 50B, keep it in the rankings of the largest investment funds. But Fidelity is more than just a single fund company. There are dozens of different Fidelity mutual funds, ranging from sectoral funds that invest in certain sectors of the economy (health, energy, etc.) to bond funds with index funds for their Lifecycle Freedom Funds that adjust their investment mix over time To be consistent with your investment goals. In this guide we will look at the most popular and most effective Fidelity mutual funds, with information on investment requirements, fees and rewards.
Fidelity Freedom Funds - Asset Manager Funds
Fidelity has been in the mutual fund has played a long time. One of the oldest funds, the Puritan fund, goes back to 1947 and have placed the average annual return of 11.5% - it's a pretty good record. But they have many different families of funds. Let us begin with their Fidelity Freedom funds, also called Lifecycle Funds. These mutual funds base their investment decisions mix at a certain retirement target date. There is a Fidelity Freedom 2020 fund (ticker symbol FFFDX), for example, who seek high total return until year 2020, so it will change its "investment mix to focus on high current income and capital preservation. There is freedom funds with staggered To help you meet your investment objectives - 2025, 2030, 2035, etc. Just select the date you want the investment to switch from a growth focus to an income focus, and you're done. You do not need to worry about adjusting your investments each year, or worry about assignments. Over the last 5 years, the 2010 fund returned 6.67% annually, while in 2030 the Fund has returned 8.52%. These funds have a relatively low expense ratio (about 3 / 4 of a percent), and the low cost by investing only in Fidelity funds (bond funds, international, growth, etc.). These funds were first introduced in the mid-1990s, with extra ripening dates added in 2003 and 2006. Minimum initial investment is $ 2500, with $ 250 for additional investment. Their Asset Manager funds work on the same principles, with the investment objectives divided between stocks and bonds. The Fidelity Asset Manager 20%, for example, conserative is a fund that aims to keep just 20% of its assets in equities and the remaining 80% in bonds and money market funds to preserve capital and earn short term income. They have an even lower APR is closer to 6 / 10ths of a percent, with the same requirements on the minimum investment amount. These funds have average annual return of around 7% over the past 5 years.
- Fidelity Freedom Fund 2010 - FFFCX
- Fidelity Freedom Fund 2015 - FFVFX
- Fidelity Freedom Fund 2020 - FFFDX
- Fidelity Freedom Fund 2025 - FFTWX
- Fidelity Freedom Fund 2030 - FFFEX
- Fidelity Freedom Fund 2035 - FFTHX
- Fidelity Freedom Fund 2040 - FFFFX
- Fidelity Freedom Fund 2045 - FFFGX
- Fidelity Freedom Fund 2050 - FFFHX
- Fidelity Asset Manager 20% - FASIX
- Fidelity Asset Manager 50% - FASMX
- Fidelity Asset Manager 70% - FASGX
- Fidelity Asset Manager 85% - FAMRX
Fidelity Funds Index
Fidelity also offers a family of index funds (less spartan mark) for people looking for investments that track broad market indexes like the NASDAQ and S&P 500. Fund managers of these funds have very little lee-way in their investment decisions because they need to mirror both the makeup and the return of the index, they imitate. The oldest of these funds have existed since 1988 - the Spartan U.S. Equity Index Fund. Most index funds also have lower cost ratios, as leaders have to make little or no research - they just balance the asset mix to replicate the index they track - no real decision-making or expenditure required to run it. For example, the fund has an expense ratio mentioned above, at only 07% which is quite close to zero! For more information about Index funds, check out "All About Index Funds" Ferri. Here is a list of the Fidelity Index Funds, and their minimum investment criteria:
- Spartan Total Market Index Fund (FSTMX) (tracks Wilshire 5000) - $10,000 min. investment
- Spartan International Index Fund (FSIIX) (tracks MSCI EAFE) - $10,000 min. investment
- Spartan U.S. Equity Index Fund (FUSVX) (tracks S&P 500) - $100,000 min. investment
- Spartan Extended Market Index Fund (FSEVX) (tracks Wilshire 4500) - $10,000 min. investment
- Fidelity Nasdaq Composite Index Fund (FSMKX) (tracks NASDAQ) - $10,000 min. investment
- Fidelity Four-in-One Index Fund (FFNOX) (tracks S&P 500) - $10,000 min. investment
List of Fidelity Select Portfolios - Sector Funds
Another famous family of Fidelity Select Funds are portfolios that concentrate on specific industries. Rather than attempting to select the best chemical companies, you can buy into Select Chemicals Portfolio and know that Fidelity managers have hand picked dozens of the best chemical store for you. The ten major sectors, as the tracks are: Consumer Discretionary, Industrial, Consumer Staples, Information Technology, Energy, Materials, Finance, Telecommunication Services, Healthcare, and Utilities. Within these groups, there are several Select funds to choose from usually. For instance in the health sector is Select Medical Equipment and Systems Portfolio (FSMEX), Select Medical Delivery Portfolio (FSHCX) Select Pharmaceuticals Portfolio (FPHAX) and select Biotechnology Portfolio (FBIOX) - allows you to select a specific area of health investments. We like to use these funds when we think of a particular trade will flourish over the next few years. If you think technology is the reason to run up, instead of trying to choose 4 or 5 hot tech companies, we prefer to buy one or two of the Fidelity Select funds and let them do the picking and help minimize risk. There are over 40 different select portfolios that are listed below with their ticker symbols:
- Fidelity Utilities Fund (FIUIX)
- Select Air Transportation Portfolio (FSAIX)
- Select Automotive Portfolio (FSAVX)
- Select Banking Portfolio (FSRBX)
- Select Biotechnology Portfolio (FBIOX)
- Select Brokerage and Investment Management Portfolio (FSLBX)
- Select Chemicals Portfolio (FSCHX)
- Select Communications Equipment Portfolio (FSDCX)
- Select Computers Portfolio (FDCPX)
- Select Construction and Housing Portfolio (FSHOX)
- Select Consumer Discretionary Portfolio (FSCPX)
- Select Consumer Staples Portfolio (FDFAX)
- Select Defense and Aerospace Portfolio (FSDAX)
- Select Electronics Portfolio (FSELX)
- Select Energy Portfolio (FSENX)
- Select Energy Service Portfolio (FSESX)
- Select Environmental Portfolio (FSLEX)
- Select Financial Services Portfolio (FIDSX)
- Select Gold Portfolio (FSAGX)
- Select Health Care Portfolio (FSPHX)
- Select Home Finance Portfolio (FSVLX)
- Select IT Services Portfolio (FBSOX)
- Select Industrial Equipment Portfolio (FSCGX)
- Select Industrials Portfolio (FCYIX)
- Select Insurance Portfolio (FSPCX)
- Select Leisure Portfolio (FDLSX)
- Select Materials Portfolio (FSDPX)
- Select Medical Delivery Portfolio (FSHCX)
- Select Medical Equipment and Systems Portfolio (FSMEX)
- Select Money Market Portfolio (FSLXX)
- Select Multimedia Portfolio (FBMPX)
- Select Natural Gas Portfolio (FSNGX)
- Select Natural Resources Portfolio (FNARX)
- Select Networking and Infrastructure Portfolio (FNINX)
- Select Paper and Forest Products Portfolio (FSPFX)
- Select Pharmaceuticals Portfolio (FPHAX)
- Select Retailing Portfolio (FSRPX)
- Select Software and Computer Services Portfolio (FSCSX)
- Select Technology Portfolio (FSPTX)
- Select Telecommunications Portfolio (FSTCX)
- Select Transportation Portfolio (FSRFX)
- Select Utilities Growth Portfolio (FSUTX)
- Select Wireless Portfolio (FWRLX)
You can trade all these mutual funds with most brokerage accounts. We've had a brokerage commission account with Fidelity for almost 15 years - we like their service, we like their low commissions, and we like their money. Their official website is obviously Fidelity.com
Fidelity Mutual Funds
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