Fidelity Investments is well known for its encyclopedic line-up of actively managed mutual funds and low-cost index funds. Among the company’s more than 300 funds, we screened for funds with low investment minimums, expense ratios below the category average and zero transaction fees.
We selected several actively managed and passive index funds from this group. Most choices have no minimum investment requirement and all but the municipal bond fund charge fees below their respective categories. We chose the municipal bond fund because we believe that the fee warrants the returns generated by its active management approach.
Currently, the market has shifted its preferences toward value investing. Therefore, we included several value funds. It’s also worth noting that reasonably valued stocks with strong growth prospects over long periods tend to deliver strong risk-adjusted returns. We also considered Morningstar rankings and favored those in the middle to top quartiles of the ranking system.
To learn more about our rating and review methodology and editorial process, check out our guide on How Forbes Advisor Rates Investing Products.