Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Thank you for selecting your broker
We are redirecting you to the Broker Center now
Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you
Thank you for your submission, we hope you enjoy your experience
Mutualfunds logo

FBSOX Fidelity® Select IT Services

  • Fund
  • FBSOX
  • Price as of: Dec 06, 2016
  • $41.44
  • + $0.12
  • + 0.29%
  • Category
  • Technology Equities

FBSOX - Profile

Vitals

  • YTD Return 3.7%
  • 3 Yr Annualized Return 9.9%
  • 5 Yr Annualized Return 17.7%
  • Net Assets $1.65 B
  • Holdings in Top 10 61.0%

52 WEEK LOW AND HIGH

$41.44
$34.03
$42.46

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.81%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee 0.75%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Technology Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Technology

Distributions

  • YTD Total Return 3.7%
  • 3 Yr Annualized Total Return 9.9%
  • 5 Yr Annualized Total Return 17.7%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio -0.06%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Fidelity® Select IT Services Portfolio
  • Fund Family Name Fidelity Investments
  • Inception Date Feb 04, 1998
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Kyle Weaver

Fund Description

The Fidelity Select IT Services Portfolio (FBSOX) is an actively managed fund specializing in the information technology services subsector of tech. This includes software providers, consultants, cyber-security firms as well as others. The fund managers use various growth factors when choosing stocks for the fund’s underlying portfolio. FBSOX primarily holds large-cap U.S. stocks.

Despite its low costs, FBSOX should only be used as a side bet in a diversified portfolio due to its niche holdings. The fund is internally managed by Fidelity.

FBSOX - Performance

Return Ranking - Trailing

Period FBSOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.7% -19.3% 28.0% 72.56% 4
1 Yr 0.6% -24.4% 44.6% 82.32% 5
3 Yr 9.9% * -23.7% 24.9% 55.92% 3
5 Yr 17.7% * 6.4% 20.9% 8.72% 1
10 Yr 12.9% * 3.3% 12.9% 0.68% 1

* Annualized


Return Ranking - Calendar

Period FBSOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 8.8% -17.6% 11.6% 5.70% 1
2014 -1.8% -15.4% 36.9% 66.67% 4
2013 48.6% 0.0% 51.0% 3.50% 1
2012 18.4% -1.4% 25.6% 13.24% 1
2011 0.7% -21.5% 2.8% 5.97% 1

Total Return Ranking - Trailing

Period FBSOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.7% -19.3% 28.0% 73.17% 4
1 Yr 0.6% -24.4% 72.6% 78.05% 4
3 Yr 9.9% * -23.7% 24.9% 51.97% 3
5 Yr 17.7% * 6.1% 20.9% 9.40% 1
10 Yr 12.9% * 3.3% 12.9% 0.68% 1

* Annualized


Total Return Ranking - Calendar

Period FBSOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 13.5% -14.4% 124.7% 1.27% 1
2014 7.1% -17.6% 52.0% 78.85% 4
2013 68.1% 0.0% 105.8% 15.38% 1
2012 27.4% -0.7% 109.2% 20.59% 1
2011 3.4% -30.1% 5.1% 1.49% 1

NAV & Total Return History

FBSOX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

FBSOX Category Low Category High FBSOX % Rank Quintile
Net Assets 1.65 B 250 K 10.5 B 6.06% 1
Number of Holdings 69 23 375 13.94% 3
Net Assets in Top 10 1.1 B 373 K 5.78 B 6.06% 1
Weighting of Top 10 61.0% 23.4% 74.0% 6.06% 1

Top 10 Holdings

  1. Visa Inc Class A 15.20%
  2. Mastercard Inc A 9.74%
  3. Cognizant Technology Solutions Corp A 6.10%
  4. International Business Machines Corp 3.16%
  5. Fidelity National Information Services Inc 3.66%
  6. Accenture PLC A 5.78%
  7. Alliance Data Systems Corp 6.07%
  8. PayPal Holdings Inc 4.34%
  9. EPAM Systems Inc 3.98%
  10. Global Payments Inc 2.70%

Asset Allocation

Weighting Category Low Category High FBSOX % Rank Quintile
Stocks
97.59% 58.64% 100.45% 15.76% 3
Other
2.39% -0.53% 4.03% 4.24% 1
Cash
0.02% -1.34% 41.36% 32.12% 5
Convertible Bonds
0.00% 0.00% 1.12% 1.21% 4
Preferred Stocks
0.00% 0.00% 2.63% 4.85% 5
Bonds
0.00% 0.00% 0.62% 3.03% 4

Stock Sector Breakdown

Weighting Category Low Category High FBSOX % Rank Quintile
Technology
35.18% 4.74% 99.64% 35.15% 5
Industrials
31.08% 0.00% 31.95% 1.21% 1
Financial Services
30.08% 0.00% 30.08% 0.61% 1
Consumer Cyclical
1.25% 0.00% 32.22% 29.09% 5
Utilities
0.00% 0.00% 1.10% 1.82% 4
Healthcare
0.00% 0.00% 36.77% 15.15% 5
Energy
0.00% 0.00% 2.47% 1.21% 4
Communication Services
0.00% 0.00% 85.46% 22.42% 5
Consumer Defense
0.00% 0.00% 3.75% 7.27% 5
Real Estate
0.00% 0.00% 4.19% 11.52% 5
Basic Materials
0.00% 0.00% 2.02% 6.06% 5

Stock Geographic Breakdown

Weighting Category Low Category High FBSOX % Rank Quintile
US
93.79% 0.88% 99.14% 7.88% 2
Non US
3.80% 0.00% 92.01% 32.12% 5

FBSOX - Expenses

Operational Fees

FBSOX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.81% 0.10% 48.18% 60.00% 1
Management Fee 0.55% 0.08% 1.50% 13.94% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.50% N/A N/A

Sales Fees

FBSOX Fees (% of AUM) Category Low Category High FBSOX Rank Quintile
Front Load N/A 3.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

FBSOX Fees (% of AUM) Category Low Category High FBSOX Rank Quintile
Max Redemption Fee 0.75% 0.75% 2.00% 4.65% 2

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FBSOX Fees (% of AUM) Category Low Category High FBSOX Rank Quintile
Turnover 24.00% 4.00% 769.00% 27.88% 1

FBSOX - Distributions

Dividend Yield Analysis

FBSOX Category Low Category High FBSOX % Rank Quintile
Dividend Yield N/A 0.00% 2.54% N/A N/A

Dividend Distribution Analysis

FBSOX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FBSOX Category Low Category High FBSOX % Rank Quintile
Net Income Ratio -0.06% -3.60% 1.67% 19.39% 2

Capital Gain Distribution Analysis

FBSOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

FBSOX - Managers

Kyle Weaver

Lead Manager

Start Date

Feb 12, 2009

Tenure

7.72

Tenure Rank

13.3%

Kyle Weaver is manager of IT Services, which he has managed since February 2009. Prior to joining Fidelity Investments in May 2008 as a research analyst, Mr. Weaver was a research analyst and portfolio manager for RiverSource Investments, LLC, covering the IT Services, Consumer Retail and Telecommunications sectors since 2002.


Daniel Sherwood

Manager

Start Date

Oct 16, 2015

Tenure

1.04

Tenure Rank

25.1%

Since joining Fidelity Investments in 2008, Mr. Sherwood has worked as a research analyst and a portfolio manager.


Tenure Analysis

Category Low

0.1

Category High

26.9

Category Average

7.27

Category Mode

1.9