3 Top Fidelity Mutual Funds to Buy Ahead of September

The domestic economic condition appears mixed as geopolitical tensions and rising oil prices have intensified concerns about consumer spending and inflation. July retail sales fell 0.6%, while preliminary consumer sentiment fell to 51 in August from 55.2 in July, suggesting that households are becoming more cautious. Housing also showed weakness, with pending home sales declining 2.3% in July. Still, industrial production rose 0.2%, capacity utilization improved to 76.3%, and the Philadelphia Fed Index jumped to 47.4, pointing to continued strength in parts of the economy.

The bigger worry is inflation due to the increase in energy costs. Oil prices climbed above $90 a barrel for Brent crude as Middle East tensions threatened supplies, pushing the 10-year Treasury yield to around 4.73% and the 30-year yield above 5.2%. The labor market, however, remained relatively steady. Jobless claims remained relatively low at 206,000. Higher energy costs and borrowing rates could increasingly weigh on consumers and businesses. Overall, the economy is still moving forward, but the road has become bumpier, with weaker consumer spending and geopolitical risks clouding the outlook.

Amid such market conditions, mutual fund investing can help those who wish to diversify their portfolio among various asset classes but lack professional expertise in managing funds. Fidelity mutual funds, such as Fidelity Advisor Semiconductors Fund FIKGX, Fidelity Advisor Gold Fund FIJDX and Fidelity Growth Company K6 Fund FGKFX, should be good choices since they provide low-cost and uncomplicated equity funds that can help investors meet their goals.

These funds have wide exposure in industries such as finance, industrial cyclical, utilities, technology and energy. These have not only preserved investors’ wealth but also generated excellent returns.

Why Invest in Fidelity Mutual Funds?

Fidelity mutual funds would be a compelling choice for investors. This is because Fidelity mutual funds have given positive returns in the past and are expected to perform well in the long run.

Headquartered in Boston, MA, Fidelity Investments is one of the oldest and most trusted mutual fund companies in the world. The company was founded in 1946 and had 51.5 million individual investors and $18 trillion of assets under administration as of Dec. 31, 2025.

Fidelity Investments has more than 80,000 associates in 11 countries across North America, Europe, Asia and Australia to carry out extensive and in-depth research and provide potential investment avenues worldwide to their clients.

The company provides best-in-class financial planning, advisory services, retirement planning, wealth management and brokerage services to its clients. Thus, investors who wish to diversify their portfolio among various asset classes but lack professional expertise in managing funds can choose Fidelity mutual funds. Fidelity Investments sells its mutual fund products directly to its clients, which results in a zero-load charge.

We have thus selected three Fidelity mutual funds that boast a Zacks Mutual Fund Rank #1 (Strong Buy), have positive three-year and five-year annualized returns, and minimum initial investments within $5000. The funds carry an expense ratio of less than 1%. Notably, mutual funds, in general, reduce transaction costs and diversify portfolios without an array of commission charges mostly associated with stock purchases (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money).

Fidelity Advisor Semiconductors Fund invests most of its net assets in common stocks of domestic and foreign companies that are principally engagedin the design, manufacture, or sale of semiconductors and semiconductor equipment. FIKGX chooses to invest in stocks based on fundamental analysis factors such as each issuer's financial condition, industry position, and market and economic conditions.

Sonu Kalra has been the lead manager of FIKGX since July 15, 2026. Most of the fund’s exposure was in companies like NVIDIA (21.8%), Broadcom (11.9%) and Marvell Technology (9%) as of April 30, 2026.

FIKGX’s three-year and five-year annualized returns are nearly 47.2% and 36%, respectively. FIKGX has an annual expense ratio of 0.55%.

To see how this fund performed compared to its category and other 1, 2, and 3 Ranked Mutual Funds, please click here.

Fidelity Advisor Gold Fund invests the majority of its net assets in common stocks of companies engaged in exploration, mining, processing of gold, and even silver, platinum, diamonds, or other precious metals and minerals. FIJDX advisors also invest in gold bullion or coins.

Boris Shepov has been the lead manager of FIJDX since Dec. 10, 2024. Most of the fund’s exposure was in companies like Newmont (11.4%), Agnico Eagle Mines (11.3%) and Wheaton Precious Metals (9.2%) as of May 31, 2026.

FIJDX has three-year and five-year annualized returns of 34% and 14.7%, respectively. FIJDX has an annual expense ratio of 0.57%.

Fidelity Growth Company K6 Fund invests most of its net assets in common stocks of domestic and foreign companies. FGKFX advisors generally choose to invest in stocks based on fundamental analysis factors like financial condition and industry position, along with market and economic conditions.

Steven S. Wymer has been the lead manager of FGKFX since June 13, 2019. Most of the fund’s exposure was in companies like NVIDIA (14.9%), Apple (6.6%) and Alphabet (5.3%) as of May 31, 2026.

FGKFX’s three-year and five-year annualized returns are 29.3% and 16.2%, respectively. FGKFX has an annual expense ratio of 0.45%.

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This article originally published on Zacks Investment Research (zacks.com).

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