Fidelity Telecom and Utilities Fund (FIUIX) a Zacks Rank #3 (Hold) was incepted in November 1987 and is managed by the Fidelity Group. The objective of FIUIX is to seek 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, as of the last filing, allocates their fund in four major groups; Intermediate Bond, Large Growth, Small Value and Precious Metal. Further, as of the last filing, AT&T Inc (NYSE:T), NextEra Energy Inc (NYSE:NEE) and Exelon Corp (NYSE:EXC) were the top holdings for FIUIX.
The Fidelity Telecom and Utilities fund, managed by Fidelity, carries an expense ratio of 0.74%. Moreover, FIUIX requires a minimal initial investment of $2,500.
FIUIX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 9.7% and 5 year 12.2%. 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 12% over the past 1 year, in the top 28% over the past 3 years, and in the 27% over the past 5 years.
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Zacks Investment Research