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
Fidelity Advisor Gold Fund
. These funds also ranked as the eighth and ninth
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
Had our list of the
overall in November extended to an 11th fund,
Fidelity Spartan Long-Term Treasury Bond Index Fund
, 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
differs from the other two by having a more diversified portfolio.
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
is 89.9% invested in electric utilities and just 1.0% in telecom companies. The
Fidelity Advisor Utilities Fund
, 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
For more information, check out an explanation of our ratings.
Kevin Baker became the senior financial analyst for TSC Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering mutual funds. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.