Fidelity Telecom and Utilities Fund (FIUIX) seeks high total return through a combination of current income and capital appreciation. FIUIX normally invests primarily in common stocks with at least 80% of assets in securities of utility companies. FIUIX invests in domestic and foreign issuers.
This Sector - Utilities product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 8.5% and 5 year 12%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
FIUIX’s performance, as of the last filing, when compared to funds in its category was in the top 24% over the past 1 year, and in the top 20% over the past 3 years and in the top 14% over the past 5 years.
The Fidelity Telecom and Utilities fund, as of the last filing, allocates their fund in two major groups; Intermediate Bond and Large Growth. Further, as of the last filing, AT&T Inc, NextEra Energy Inc and Sempra Energy were the top holdings for FIUIX.
This Zacks Rank #2 (Buy) was incepted in November 1987 and is managed by Fidelity. FIUIX carries an expense ratio of 0.74% and requires a minimal initial investment of $2,500.
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