Best Mutual Funds Now

The Fidelity FKMCX fund is a popular one mainly because of its ability to perform over time. Like most funds, of course, it loses in the short-run relatively often, but gains over the longer term in a steady way. So we here at Best Mutual Funds Now had to give it a look.

The Fidelity Mid-Cap Stock Fund’s current manager, Shep Perkins, has been on the job for almost 5 years. During that time, the fund has seen general losses over the last year (as have most funds), but still shows gains over the last five. Management fees and turnover rates in our FKMCX review are much lower than averages for this type of fund, however, which is usually a good sign.

Over a three month term, he fund has gained significantly with a total gain of about 6% in that time period. Three months, however, is not much of a window to consider, but it shows the current apparent trend to be generally upwards.

Looking at the past year, however, the fund is coming from a significant low point (around 12 points in mid-November 2008) to build upwards to its current point level of about 23 points. This general gain began in early March of 2009 and has been generally upwards since.

The Fidelity FKMCX high point was in mid-2007 when the fund hit the 34 point level, then began to drop with the economic climate failing through to late 2008. Compared to other, similar funds, the Fidelity Mid-Cap Stock Fund has done about average in its performance during that five year period, though it has performed slightly better than average for the past six months.

Overall, the Fidelity FKMCX is about average on the whole. Our FKMCX review shows that the mutual fund is not necessarily better or worse than most other, similar funds.