TheStreet.com Ratings
Fidelity's Top Funds in November
Kevin Baker
12/04/08 - 10:22 AM EST
For fund investors who prefer the one-stop shopping that Fidelity Investments affords, TheStreet.com Ratings has reviewed Fidelity's best-performing open-end stock and fixed-income mutual funds of November.
The two top-performing Fidelity funds from Oct. 31 to Nov. 28, both of which returned 23.98%, were Fidelity Select Gold Portfolio (FSAGX Quote) and Fidelity Advisor Gold Fund (FGDAX Quote). These funds also ranked as the eighth and ninth best stock funds overall in November.
A front load of 5.75% makes the Advisor fund less attractive than the Select fund with the same manager and portfolio. The fund's key stock holdings include Barrick Gold (ABX Quote), Goldcorp (GG Quote), Newmont Mining (NEM Quote) and Kinross Gold (KGC Quote).
Had our list of the best bond funds overall in November extended to an 11th fund, Fidelity Spartan Long-Term Treasury Bond Index Fund (FLBAX Quote), which returned 11.89% in November, would have taken that ranking. The fund is 100% allocated to U.S. government securities that have more than 10 years reamining until they mature.
Three buy-rated utility funds ranked fifth, sixth and seventh among Fidelity's best performers with one-month returns at the 4% level. The Fidelity Utilities Fund (FIUIX Quote) differs from the other two by having a more diversified portfolio. AT&T (T Quote) and Verizon Communications (VZ Quote) are the two largest holdings, accounting for 23.9% and 13.1% of fund assets. However, electric utilities makes up the biggest sector allocation, at 52.0% of the fund.
If you favor electric utilities over telecom stocks, the Fidelity Select Utilities Growth Portfolio (FSUTX Quote) is 89.9% invested in electric utilities and just 1.0% in telecom companies. The Fidelity Advisor Utilities Fund (FAUFX Quote), with the same manager and virtually the same portfolio, earned a fraction more but is subject to a 3.5% front load.
The top holdings of both these funds include Exelon (EXC Quote), Duke Energy (DUK Quote) and Entergy (ETR Quote).
| Best-Performing Bond Funds in November |
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| Fund (Ticker) Rating | Objective | Total Return November |
| SEI Institutional Investment Trust - Extended Duration Fund (EDRAX) U | Government/Corporate | 34.44% |
| PIMCO Extended Duration Fund (PEDIX) U | Government/Corporate | 24.59% |
| Vanguard Extended Duration Treasury Index Fund (VEDIX) U | Government/Agency | 22.34% |
| American Century Target Maturities Trust Series 2025 Fund (BTTRX) C- | Govt/Agency-Target Term | 20.95% |
| Rydex Series Funds - Government Long Bond 1.2x Strategy Fund (RYGBX) C+ | Government/Agency | 20.87% |
| Profunds US Government Plus ProFund (GVPIX) C+ | Government/Agency | 20.45% |
| Wasatch-Hoisington US Treasury Fund (WHOSX) C+ | Government/Agency | 17.11% |
| American Century Target Maturities Trust Series 2020 (BTTTX) C- | Govt/Agency-Target Term | 14.27% |
| Dreyfus US Treasury Long Term Fund (DRGBX) C+ | Govt/Agency-Long Term | 12.13% |
| T Rowe Price US Treasury Long-Term Fund (PRULX) C+ | Govt/Agency-Long Term | 11.94% |
| Source: TheStreet.com Ratings & Bloomberg | ||