5 Fidelity Mutual Funds to Build a Solid Portfolio
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 11 2024
0mins
Source: NASDAQ.COM
Fidelity Investment Overview:
- Founded in 1946, headquartered in Boston, MA.
- $12.6 trillion assets under administration as of Dec 31, 2023.
- Provides financial planning, advisory services, retirement planning, and more.
- Offers zero-load charge mutual fund products directly to clients.
- Operates in nine countries across North America, Europe, Asia, and Australia.
Current Economic Situation:
- Annual Consumer Price Index (CPI) rose to 3.5% in March.
- Deviation from the Federal Reserve's 2% inflation expectation.
- High CPI may affect Federal Reserve's policy rate decisions.
- Investors anticipate interest rate cuts due to high rates affecting corporate profitability.
Fidelity Mutual Funds Selection:
- Five Fidelity mutual funds with wide industry exposure recommended.
- Funds have Zacks Mutual Fund Rank #1, positive returns, and low expense ratios.
- Minimum initial investments within $5000.
- Mutual funds reduce transaction costs and diversify portfolios effectively.
Fidelity Select Energy Fund (FSENX):
- Invests in energy-related companies domestically and internationally.
- Managed by Maurice FitzMaurice since Dec 31, 2019.
- Three-year and five-year annualized returns are 28.2% and 11.6%, respectively.
- Annual expense ratio of 0.73%.
Other Fidelity Mutual Funds:
- Include FSELX, FMILX, FSLBX, and FCMVX.
- Each fund focuses on specific sectors or market capitalizations.
- Managed by experienced professionals with positive returns.
- Offer competitive expense ratios compared to category averages.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








