ESG stands for Environmental, Social, and Governance factors, and ESG mutual funds invest in companies that prioritize these aspects alongside financial performance. Today, we have focused on two such mutual funds – FITLX and CMJAX – with over 10% upside potential projected by analysts in the next twelve months.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Let’s delve deeper.
Fidelity U.S. Sustainability Index Fund (FITLX)
FITLX focuses on large- to mid-cap U.S. companies with high ESG performance relative to their sector peers. It invests at least 80% of its assets in securities included in the MSCI USA ESG Leaders Index. Importantly, it has a low expense ratio of 0.11%. As of today’s date, FITLX has 285 holdings with total assets of $3.16 billion. Moreover, the fund has generated returns of 16.4% over the past six months.
On TipRanks, FITLX has a Moderate Buy consensus rating. This is based on the weighted average consensus rating of each stock held in the portfolio. Of the total stocks held, 216 have Buys, 66 have a Hold rating, and three have a Sell rating. The analysts’ average price target on FITLX of $26.37 implies 10.86% upside potential from the current levels.
Calvert U.S. Mid Cap Core Responsible Index Class A (CMJAX)
The CMJAX fund tracks the performance of the Calvert U.S. Mid-Cap Core Responsible Index, which measures the investment return of mid-capitalization stocks. It invests at least 95% of its net assets in securities contained in the index. The fund has an expense ratio of 0.49%. As of today’s date, CMJAX has 617 holdings with total assets of $431.33 million. CMJAX has gained 16.2% over the past six months.
On TipRanks, CMJAX has a Moderate Buy consensus rating. This is based on 448 stocks with a Buy rating, 157 stocks with a Hold rating, and 12 stocks with a Sell rating. The analysts’ average price target on CMJAX of $43.91 implies an 11.56% upside potential from the current levels.
