Skip to main content

Fidelity's Top Funds in November

These open-end stock and fixed-income mutual funds ranked as the top performers in Fidelity's portfolio of funds.
  • Author:
  • Publish date:

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) - Get Fidelity Select Gold Portfolio Report

and

Fidelity Advisor Gold Fund

(FGDAX) - Get Fidelity Select Adv Gold A Report

. 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)

,

Goldcorp

(GG)

TheStreet Recommends

,

Newmont Mining

(NEM) - Get Newmont Corporation Report

and

Kinross Gold

(KGC) - Get Kinross Gold Corporation Report

.

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)

, 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) - Get Fidelity Telecom/Utilities Report

differs from the other two by having a more diversified portfolio.

AT&T

(T) - Get AT&T Inc. Report

and

Verizon Communications

(VZ) - Get Verizon Communications Inc. Report

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) - Get Fidelity Select Utilities Report

is 89.9% invested in electric utilities and just 1.0% in telecom companies. The

Fidelity Advisor Utilities Fund

(FAUFX) - Get Fidelity Adv Utilities Fund M Report

, 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) - Get Exelon Corporation Report

,

Duke Energy

(DUK) - Get Duke Energy Corporation Report

and

Entergy

(ETR) - Get Entergy Corporation Report

.

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.