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Miners Drive Global Commodity Stock Fund

Stocks in this article: FFGCX FSAGX RTP

Other Fidelity funds offer concentrated sector exposure, such as Fidelity Select Materials (FSDPX) or Fidelity Select Natural Resources (FNARX), but these funds have 89 percent and 72 percent of assets invested in the United States, respectively. They also tend to invest 80 percent of their holdings in just one sector.

Other Select mutual funds with concentrated exposure include Fidelity Select Energy Service (FSESX), Fidelity Select Energy (FSENX), Fidelity Select Natural Gas (FSNGX) and Fidelity Select Gold (FSAGX).

Since the inception of FFGCX, it has performed in the middle of the pack, with similar returns to most of these mutual funds. Fidelity Select Materials (FSDPX) and Fidelity Select Energy Service (FSESX) outperformed the group, while Fidelity Select Gold (FSAGX) underperformed.

FFGCX has a $2,500 minimum investment and a 1.42 percent expense ratio. There is a 1.0 percent redemption fee for shares held fewer than 30 days. The fund is also subject to a small-balance fee for balances under $2,000 that do not use automatic investment plans.

-- Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion did not have any holdings in the equities mentioned.

Don Dion is president and founder of Dion Money Management, a fee-based investment advisory firm to affluent individuals, families and nonprofit organizations, where he is responsible for setting investment policy, creating custom portfolios and overseeing the performance of client accounts. Founded in 1996 and based in Williamstown, Mass., Dion Money Management manages assets for clients in 49 states and 11 countries. Dion is a licensed attorney in Massachusetts and Maine and has more than 25 years' experience working in the financial markets, having founded and run two publicly traded companies before establishing Dion Money Management.

Dion also is publisher of the Fidelity Independent Adviser family of newsletters, which provides to a broad range of investors his commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds. With more than 100,000 subscribers in the U.S. and 29 other countries, Fidelity Independent Adviser publishes six monthly newsletters and three weekly newsletters. Its flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years and reaches 40,000 subscribers.

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