Top 5 Fidelity Funds

Fidelity Advisor Diversified International A (FDVAX) seeks capital appreciation. The fund invests heavily in common stocks of companies located abroad. The size of the respective region and its importance in the global sphere determine the proportion of assets invested. The fund returned 34.38% over the last one year period.

The Fidelity fund has a minimum initial investment of $2,500 and an expense ratio of 1.31% compared to a category average of 1.41%.

Fidelity Select Energy (FSENX) invests the majority of its assets in companies from the energy sector. This includes conventional energy sources such as oil, gas, electricity, and coal, and newer alternatives such as nuclear, geothermal, oil shale, and solar power. It seeks capital growth over the long term. The fund has a five year annualized return of 9.53%.

John Dowd has been lead manager of the fund since May 2006.

Fidelity Select Industrial Equipment (FSCGX) seeks capital growth by investing in companies engaged in the manufacture, distribution and servicing of industrial equipment. Such companies would include producers of capital equipment, suppliers of parts and subcontractors. It is a no load fund and may invest in foreign securities.

The fund returned 60% over the last one year period.

Fidelity Capital Appreciation (FDCAX) invests at least 80% of its assets in domestic and foreign common stocks. The fund considers both growth and value stocks for investment purposes. It utilizes fundamental analysis and analyses economic conditions in order to select suitable companies and instruments for investment. The fund returned 46.93% over the last one year period and has a five year annualized return of 4.82%.

As of March 2010, this fund held 114 issues, with 4.87% of its total assets invested in Delta Air Lines, Inc.

Fidelity Latin America (FLATX) seeks capital appreciation over the long term. The majority of its assets are invested in Latin American securities and other instruments with linkages to the region. It focuses on common stocks. Up to 35% of its assets are invested in any sector which accounts for 20% of the Latin American market. The fund has a ten year annualized return of 14.89%.

The Fidelity fund has a minimum initial investment of $2,500 and an expense ratio of 1.05% compared to a category average of 1.87%.