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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

10 Top-Performing Mutual Funds of 2010

6. FIDELITY INDEPENDENCE FUND (FDFFX)

Return: 17.8%.

Assets: $4.1 billion

Manager: Robert Bertelson, since November 2006

Top stocks: Apple (AAPL) , 5.1%, Delta Airlines (DAL), 3.5%, Google (GOOG), 3.4%

Big winner: Bayerishche Motoren Werke, the German automaker, comprises 1.2% of fund and has doubled this year.

Strategy: The diverse portfolio has 120 stocks, and the top 10 make up 27% of the portfolio. Industrial materials is the largest sector bet, at 20%, followed by computer hardware, at 16%. Portfolio turnover is high at 173%. Performance has been volatile as it lost 48% in 2008, then rebounded in 2009 with 40%. It has won big on its fourth-largest holding, at 2.8% of the fund, airline United Continental (UAL), up 115% this year. After that, most stocks in the top 25 are less than 2% allocations, indicating lots of small bets.

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