Fidelity OTC K (FOCKX) a Zacks Rank #1 (Strong Buy) was in May 2008. The objective of FOCKX is to seek long-term growth of capital. FOCKX invests mainly in common stocks of companies. FOCKX invests large chunk of its assets in securities of companies that are listed in NASDAQ or an over-the-counter (OTC). FOCKX invests a minimum of one-fourth of its assets in companies from technology domain. FOCKX invests in securities of both undervalued and growth oriented companies throughout the globe.
This Mid Blend fund, as of the last filing, allocates their fund in three major groups; Large Growth, Small Growth and High Yield Bond. Further, as of the last filing, Alphabet (NASDAQ:GOOGL) Inc, Apple Inc (NASDAQ:AAPL) and Amazon.com Inc (NASDAQ:AMZN) were the top holdings for FOCKX.
Fidelity OTC K, managed by Fidelity, carries an expense ratio of 0.82%. Moreover, FOCKX requires a minimal initial investment of $0.
FOCKX has a history of positive total returns for over 5 years. Specifically, the fund’s returns over the 3 year benchmark; 3 year 16.15%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
FOCKX’s performance, as of the last filing, when compared to funds in its category was in the top 28% in 1 year, top 1% over the past 3 years, and in the 2% over the past 5 years.
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