Fund | Expense Ratio |
---|---|
0.00% | |
0.025% | |
0.11% | |
0.39% | |
0.00% | |
0.66% | |
0.29% | |
0.25% | |
0.47% | |
0.45% |
Updated: Jul 1, 2024, 2:46pm
Selecting the best Fidelity mutual funds is no easy task. The Boston-based fund giant runs about 575 funds, catering to everyone from retail investors to members of 401(k) plans and customers of financial advisors. It’s a challenge to choose the top 10.
Our solution: diversity. Our best-of roster offers Fidelity funds that cater to different investment needs and tastes. For investors who admire the portfolio picks of top professional managers, we include some actively managed funds. For low costs, we offer some funds with zero management fees. For income investors, we offer bond funds.
Our list can help investors build a portfolio, especially if they don’t have the time or inclination to use Fidelity’s well-known research tools to conduct their own hunt from scratch for suitable funds, stocks, bonds and other securities. In fact, in a separate report we’ve named it the best online broker for the everyday investor.
The Best Fidelity Mutual Funds of August 2024
Methodology
Our research began by looking for Fidelity mutual funds with an average Morningstar rating of three stars or better, average or better returns, and expenses within the lowest 20%. These screens narrowed our prospects to 142 mutual funds. From that group, we eliminated all sector funds and those with expense ratios equal to or greater than 0.70% That reduced our list of contenders to 69 Fidelity mutual funds.
We aimed for funds that offer low fees. Some are passively managed index funds, some are top-notch actively managed funds. Our final 10 include bond funds, stock funds, and one asset allocation blend fund, which holds both stocks and bonds. The stock funds include large-cap, ESG, value, mid-cap, and a growthier Nasdaq index fund. The bond funds spanned a short term option and a broadly diversified bond index mutual fund. Investors can pick and choose from the list, to round out an existing portfolio, or create a broadly diversified investment portfolio from scratch, all with these mutual funds.