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What are a few of the highest rated Fidelity Mutual Funds?

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According to Kiplinger, some of the highest-rated Fidelity stock mutual funds include Blue Chip Growth, Contrafund, Leveraged Company Stock, Low-Priced Stock and New Millenium. The highest-rated Fidelity bond mutual funds include Intermediate Municipal Income and New Markets Income.

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Among high-performing Fidelity stock funds, Kiplinger recommends Blue Chip Growth, Contrafund, Leveraged Company Stock, Low-Priced Stock, and New Millenium. Blue Chip Growth is a large-company growth fund with a portfolio that includes Gilead Sciences, Tesla Motors, Apple, Coca-Cola and Procter & Gamble. Blue Chip Growth has produced a 21.3 percent annualized return since July 2009, exceeding the typical large company growth fund by an average of 4.4 points per year. The Contrafund is one of the biggest mutual funds in the country with an annualized return of 15.1 percent, focusing on large companies predicted to have above-average growth prospects. The Contrafund is also highly-rated by Forbes. Leveraged Company Stock has generated an annualized return of 13.1 percent since July 2003, Low-Priced Stock has delivered a 16.8 percent annualized return since inception, and New Millenium has produced an annualized return of 8.7 percent.

For Fidelity bond funds, Kiplinger recommends Intermediate Municipal Income and New Markets Income. Intermediate Municipal Income is relatively less volatile and takes on less risk. While this means that its returns may not be as high relative to its peers, it also means that it suffers relatively less loss during difficult times. New Markets Income focuses on emerging markets, and has generated above-average returns with below-average risk relative to its peers.

Though Fidelity Growth Company and Fidelity Small Cap Discovery are funds that are closed to new investors, Kiplinger also notes they are highly-rated will benefit those who already own shares or are able to purchase them through a 401(k).

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