Fidelity Investments is considered one of the leaders in the financial services industry with presence in eight countries of North America, Europe, Asia and Australia, and more than 400 research professionals. The company carries out operations in the U.S. through 10 regional offices and over 180 Investor Centres. The company provides investment advice, discount brokerage services, retirement services, wealth management services, securities execution, and clearance and life insurance products to its clients. It serves more than 24 million individual investors.

Fidelity had total assets of $6 trillion, with $2.2 trillion under management. The company manages over 200 mutual funds across a wide range of categories including both domestic as well as foreign funds, and equity and fixed income funds.

Below we share with you three top-ranked Fidelity mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Fidelity funds, their Zacks Rank and past performance.

Fidelity Advisor Mid Cap Value Fund Class I (FMPOX - Free Report) aims to maximize the long-term capital growth. The fund invests the lion’s share of its assets in securities of those mid cap companies, whose market-cap is identical to those included on the S&P MidCap 400 Index and Russell Midcap Index. The fund may also invest in the securities of large or small cap companies. Fidelity Advisor Mid Cap Value Fund Class I has returned 8% in the last three-year period.

Kevin Walenta has been the fund manager of FMPOX since 2017.

Fidelity International Capital Appreciation Fund (FIVFX - Free Report) invests its assets heavily in securities of foreign issuers, primarily those from the emerging economies. FIVFX seeks to invest in common stocks and aims at maximizing the long-term growth of capital by allocating investments across different nations and regions of the world. Fidelity International Capital Appreciation Fund has returned 8.6% in the last three-year period.

FIVFX has an expense ratio of 1.12% compared with the category average of 1.21%.

Fidelity Select Medical Equipment and Systems Portfolio (FSMEX - Free Report) invests a bulk of its assets in securities of companies that focus on research, development, manufacture, distribution, supply, or sale of medical equipment and devices and related technologies. The fund invests in securities of U.S. and non-U.S. companies. FSMEX seeks long-term capital appreciation. Fidelity Select Medical Equipment and Systems Portfolio have returned 19.1% in the last three-year period.

As of June 2017, FSMEX held 58 shares with 18.57% of its assets invested in Medtronic PLC.