Fidelity Funds – Fidelity Mid-Cap Stock Fund (FMCSX)
Click to Enlarge Fund type: Midcap domestic fund
FMCSX’s performance in Roth’s first two years as manager didn’t keep up with the S&P MidCap 400, but since the beginning of 2013, FMCSX has been on fire.
Of course, Roth can’t take all the credit for Morningstar’s five stars — he wasn’t managing it for two of the five years — but I think you’ll find by the end of 2015 that his performance is more than satisfactory.
The expense ratio for this particular fund is 0.66%, lower than 80% of mutual funds in this category. Turnover is light at 15% with the top 10 holdings accounting for just 12% of the fund’s $6 billion in total net assets.
One of my favorite companies — Church & Dwight (CHD) — is included in the top 10. CHD might be a boring consumer products’ business (Arm & Hammer, OxiClean, etc.) but its performance over the past decade has been anything but ordinary, delivering just one year of negative returns.
Mid-caps are the sweet spot of investing, and Fidelity Funds has the right guy at the helm to help you tap them.