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2. Fidelitys Select Consumer Staples Portfolio (FDFAX) charges a 5% front-end load and maintains an expense ratio of .75%. Fidelitys Capital and Income Fund (FAGIX)
2. Fidelitys Select Consumer Staples Portfolio (FDFAX) charges a 5% front-end load and maintains an expense ratio of .75%. Fidelitys Capital and Income Fund (FAGIX) does not charge any load and has an expense ratio of 0.67%. FDFAX has received average return of 12.09% since its inception and FAGIX has received 9.54% since its inception. You have $25,000 to invest and you want $40,000 in 5 years for a down payment towards your dream home. Which of these two funds would you invest your money in and why? (1.5 pts)
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