3 / 5 Stars
2 3 1 5 2
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 36 Commodities Broad Basket Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 7.72 percent over the past year, and -5.54 percent over the past three years.
|Trailing Returns||Updated 06.30.2014|
|Year to date||6.8%|
|3 Years (Annualized)||-5.5%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks to provide investment returns that correspond to the performance of the commodities market. The fund normally invests in commodity-linked derivative instruments, short-term investment-grade debt securities, cash, and cash equivalents. It invests up to 25% of assets in a wholly-owned subsidiary that invests in commodity-linked total return swaps based on the value of commodities or commodities indexes and in other commodity-linked derivative instruments. The fund invests in domestic and foreign issuers. It engages in commodity-linked derivatives transactions that have a leveraging effect on the fund. The fund is non-diversified.
Fees are Low compared to funds in the same category.
Fidelity® Series Commodity Strategy Fund has an expense ratio of 0.40 percent.
Risk is Average compared to funds in the same category according to Morningstar.