By Sam Patel
TheStreet.com Ratings Manager of Mutual Fund Research
4/13/2007 1:35 PM EDT
URL: http://www.thestreet.com/funds/fundmorning/10349943.html
Fidelity Investments is one of the largest and most influential mutual fund companies in the world. It's important to keep an eye on how its funds are doing. That's why at TheStreet.com Ratings we took a look at the performances of our top-rated Fidelity funds. We found that the Fidelity mutual funds heading up our list are focused on the utilities sector. There are also two foreign funds and four domestic growth funds making up the top 10 funds in Fidelity's stable.
Solid Near Term
The Fidelity Select Utilities Growth fund (FSUTX) and the Fidelity Advisor Utilities fund (FAUBX), two of the three utility funds, are showing excellent near-term results. Fidelity Select Utilities Growth has among its holdings Duke Energy (DUK) , FPL Group (FPL) , Entergy (ETR) and Exelon Corporation (EXC) . The Fidelity Advisor Utilities' top holding include many of the same top holdings. If the U.S. economy does slow, then a risk-averse investor might want to consider the utilities sector as a safe haven. These two funds provide as good a performance as any we rate. Investors wanting to diversify their holdings might want to add the Fidelity Advisor International Discovery fund (FIADX) for international exposure. Some of the International Discovery fund's major holdings include UBS (UBS) , Novartis and British Petroleum (BP) They may want to add the Fidelity Advisor Value fund (FVIFX) for domestic growth, along with any investments in Utilities Growth or Advisor Utilities. The Fidelity Structured Mid-Cap Value fund(FSMVX) has also posted solid numbers and is worth consideration.| Top Fidelity Funds (ranked by grade) | |||||
| Name/Ticker/TheStreet.com Rating | Category | 1-Month Return | 3-Month Return | 6-Month Return | YTD |
| Fidelity Select Utilities Growth (FSUTX) A+ | Sector - Utilities | 5.09 | 6.04 | 16.23 | 5.16 |
| Fidelity Advisor Utilities B (FAUBX) A+ | Sector - Utilities | 5.65 | 6.44 | 16.97 | 5.6 |
| Fidelity Utilities Fund (FIUIX) A+ | Sector - Utilities | 1.61 | 6.46 | 14.91 | 3.87 |
| Fidelity Adv International Disc I (FIADX) A+ | Non-US Equity | -0.63 | 3.72 | 11.22 | 0.08 |
| Fidelity Advisor Value I (FVIFX) A+ | Growth - Domestic | 0.84 | 5.06 | 13.36 | 4 |
| Fidelity Spartan Intl Index Inv (FSIIX) A+ | Non-US Equity | 0.31 | 4.62 | 12.03 | 1.31 |
| Fidelity Structured Mid-Cap Value (FSMVX) A | Mid-Cap | 1.11 | 5.31 | 12.48 | 4.2 |
| Fidelity Select Defense & Aerospace (FSDAX) A | Growth - Domestic | 0.27 | 5.12 | 17.18 | 3.56 |
| Fidelity Structured Large-Cap Value (FSLVX) A | Growth - Domestic | -1.12 | 2.09 | 8.98 | 0.4 |
| Fidelity Select Air Transport (FSAIX) A | Growth - Domestic | -1.03 | 3.48 | 21.45 | 4.6 |
