Best Fidelity No Load Mutual Funds
Fidelity no load mutual funds are some of the most trusted funds by investors, and Fidelity is a name that is well known in financial circles. This fund family offers some of the best possible funds available with a wide range of features to meet most investment goals. The Fidelity Magellan Fund, symbol FMAGX, is sometimes the largest mutual fund on the market and a fund that is known to most investors. This is one of the no load mutual funds that has a low expense ratio of 0.59% and the fund has assets valued at more than $16 billion. The initial investment minimum is $2,500 and the turnover rate for this fund is 42%. The YTD for the fund is 13.54% and many investors name the Magellan Fund one of the best around.
One of the best Fidelity no load mutual funds according to some is the Fidelity Contrafund, symbol FCNTX. This fund is rated with four stars from Morningstar and it has a low expense ratio of 0.81%. The 10 year annualized return for the fund is high at 7.87% and the fund investment minimum is 25%. One drawback for some investors with this fund may be the high 59% fund turnover rate. The Fidelity Select Energy Fund, symbol FSENX, is a popular choice for many who are investing in mutual funds. This choice offers $2.3 billion in assets, a low initial investment requirement of $2,500, and an annualized 10 year return of 10.18%. This fund specializes in the energy sector and it does have a high turnover rate of 107%.
Fidelity no load mutual funds include the Fidelity Select Software & Comp Fund, symbol FSCSX. This fund has a 5 star Morningstar rating, a YTD return of 17.10%, and an expense ratio of 0.83%. The fund is managed by Brian Lempel and has been since 2009, and the total assets are valued at around $1.8 billion. No load options do not offer mutual funds investment advice but for most investors this is not a big problem. One of the top rated funds by Fidelity is the Fidelity Capital & Income Fund, symbol FAGIX. The fund has 5 stars, the highest rating possible by Morningstar. The expense ratio is below average at 0.76% and the fund yield is 6.13%. This fund has close to $10 billion in assets and a YTD return of 7.62%.
Fidelity OTC Fund, symbol FOTPX, is considered one of the best Fidelity no load mutual funds for many investors. The fund is rated 5 stars and has a positive performance record. The expense ratio for this fund is 0.92% and a $2,500 initial minimum investment is required. The fund has a number of blue chip holdings and $8.6 billion in assets. There are many other mutual fund companies to choose from but Fidelity has built a reputation for performance, ethical advice and actions, and great results. This company is one that many investors turn to when just starting out. The wide range of fund types offered and the integrity of the company are just two of the features that make Fidelity a favorite for mutual funds.