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Fidelity Investments is considered one of the leaders in the financial services industry with a presence in eight countries in North America, Europe, Asia and Australia, and more than 400 research professionals. The company operates in the United States through 12 regional offices and more than 200 investment centers.

Fidelity provides investment advice, discount brokerage services, retirement services, wealth management services, securities execution, and clearing and life insurance products. It serves more than 37 million individual investors.

At Fidelity, a large group of investment professionals conduct in-depth and in-depth research to guide investors on potential investment avenues around the world. Fidelity had approximately $ 11.1 trillion in total assets under management (as of September 30, 2021). The company manages more than 504 mutual funds in a wide range of categories, including domestic and foreign funds, as well as equity and fixed income funds.

Below we share with you three top ranked Fidelity mutual funds namely Fidelity Select Technology FSPTX portfolio, Fidelity Select Semiconductors FSELX portfolio and Fidelity Value Discovery Fund K FVDKX. Each of them has achieved the # 1 Zacks mutual fund ranking (strong buy) and are expected to outperform their peers in the future. Investors can click here to view the full list of funds.

Fidelity Select Technology Portfolio The fund aims for capital appreciation. FSPTX invests primarily in equity securities, in particular ordinary shares of companies engaged in the offering, use or development of products, processes or services that will provide or benefit significantly from technological advancements and improvements.

The Fidelity Select Technology Portfolio fund has three-year annualized returns of 38.1%. At the end of September 2021, FSPTX held 150 issues, with 20.4% of its assets invested in Microsoft Corp.

Fidelity Select Semiconductors Portfolio The fund aims for capital appreciation. As an undiversified fund, FSELX invests the majority of its assets in the securities of companies, primarily engaged in the design, manufacture or sale of semiconductors and semiconductor equipment.

The Fidelity Select Semiconductors portfolio has three-year annualized returns of 45.2%. FSELX has an expense ratio of 0.70% compared to the category average of 1.05%.

Fidelity Discovery Value Fund Class K targets capital appreciation. FVDKX invests the majority of assets in common stocks of companies that are undervalued in the market taking into account assets, sales, earnings, growth potential or cash flows, or in relation to securities of other companies in the same sector.

The Fidelity Discovery Value Fund Class K has generated a return of 11.1% over the past three years. Sean Gavin has been the fund manager of FVDKX since 2012.

To view the Zacks Rankings and past performance of all Fidelity mutual funds, investors can click here to view the full fund list.

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