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Fidelity reported $4.4 trillion in discretionary assets and $11.5 trillion in total assets under administration as of September 2023, adding 1.6 million new retail accounts over the past year. The company’s mutual funds offer stability and growth potential in volatile markets by reducing transaction costs and diversifying portfolios without commission charges related to stock purchases.
Four Fidelity mutual funds have been highlighted for their strong performance, low initial investments of up to $5000, and low expense ratios.
The Fidelity Capital Appreciation (FCAKX) is managed by Jason Weiner with Microsoft (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA), and Uber (NYSE:UBER) as its top holdings. The Fidelity Advisor Diversified Stock (FDTIX) is managed by Daniel E. Kelley with Microsoft, Nvidia, and Alphabet (NASDAQ:GOOGL) as its top holdings. Lastly, the Fidelity Stock Selector Small Cap (FDSCX) is managed by Jennifer Fo Cardillo with Commercial Metals, Academy Sports & Outdoors, and Northern Oil & Gas as its top holdings.
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