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FBSOX Fidelity® Select IT Services

  • Fund
  • FBSOX
  • Price as of: Sep 25, 2017
  • $50.86
  • - $0.67
  • - 1.30%
  • Category
  • Technology Equities

FBSOX - Profile

Vitals

  • YTD Return 21.4%
  • 3 Yr Annualized Return 16.7%
  • 5 Yr Annualized Return 19.6%
  • Net Assets $1.82 B
  • Holdings in Top 10 68.0%

52 WEEK LOW AND HIGH

$50.86
$40.06
$51.53

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.79%

SALES FEES

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

BROKERAGE FEES

  • Turnover 27.00%

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 21.4%
  • 3 Yr Annualized Total Return 16.7%
  • 5 Yr Annualized Total Return 19.6%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.33%
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 Daniel Sherwood

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 21.4% -19.3% 38.7% 70.73% 4
1 Yr 23.3% -24.4% 44.6% 84.76% 5
3 Yr 16.7% * -23.7% 20.1% 36.84% 2
5 Yr 19.6% * 6.4% 24.2% 20.13% 1
10 Yr 14.3% * 3.7% 14.6% 1.34% 1

* Annualized


Return Ranking - Calendar

Period FBSOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 4.9% -18.0% 32.1% 51.27% 3
2015 8.8% -17.6% 11.6% 5.73% 1
2014 -1.8% -15.4% 36.9% 68.18% 4
2013 48.6% 0.0% 51.0% 3.55% 1
2012 18.4% -15.4% 25.6% 13.24% 1

Total Return Ranking - Trailing

Period FBSOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 21.4% -19.3% 38.7% 70.73% 4
1 Yr 23.3% -24.4% 72.6% 75.61% 4
3 Yr 16.7% * -23.7% 20.1% 32.89% 2
5 Yr 19.6% * 6.1% 24.2% 18.79% 1
10 Yr 14.3% * 3.7% 14.6% 1.34% 1

* Annualized


Total Return Ranking - Calendar

Period FBSOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 4.9% -18.0% 32.1% 51.27% 3
2015 13.5% -14.4% 124.7% 1.91% 1
2014 7.1% -17.6% 75.3% 79.87% 4
2013 68.1% 0.0% 105.8% 14.89% 1
2012 27.4% -20.6% 109.2% 20.59% 1

NAV & Total Return History

FBSOX - Holdings

Filings data as of: Jul 31, 2017

Concentration Analysis

FBSOX Category Low Category High FBSOX % Rank Quintile
Net Assets 1.82 B 250 K 15.6 B 7.88% 1
Number of Holdings 53 23 365 19.39% 4
Net Assets in Top 10 1.23 B 373 K 8.57 B 6.67% 1
Weighting of Top 10 68.0% 17.9% 82.1% 3.64% 1

Top 10 Holdings

  1. Visa Inc Class A 18.31%
  2. Mastercard Inc A 11.36%
  3. Cognizant Technology Solutions Corp A 8.33%
  4. International Business Machines Corp 4.62%
  5. Fidelity National Information Services Inc 4.05%
  6. Accenture PLC A 5.53%
  7. Alliance Data Systems Corp 3.13%
  8. PayPal Holdings Inc 6.51%
  9. EPAM Systems Inc 3.37%
  10. Fleetcor Technologies Inc 2.82%

Asset Allocation

Weighting Category Low Category High FBSOX % Rank Quintile
Stocks
99.11% 58.64% 100.05% 9.70% 2
Cash
0.89% -0.05% 41.36% 26.06% 4
Preferred Stocks
0.00% 0.00% 1.79% 2.42% 5
Other
0.00% -0.53% 3.98% 16.97% 5
Convertible Bonds
0.00% 0.00% 0.00% 0.61% 4
Bonds
0.00% 0.00% 0.65% 3.03% 4

Stock Sector Breakdown

Weighting Category Low Category High FBSOX % Rank Quintile
Financial Services
41.13% 0.00% 41.13% 0.61% 1
Technology
36.02% 4.50% 98.66% 36.97% 5
Industrials
21.40% 0.00% 31.95% 1.21% 1
Consumer Cyclical
0.56% 0.00% 34.01% 32.12% 5
Utilities
0.00% 0.00% 1.12% 1.82% 4
Real Estate
0.00% 0.00% 4.46% 12.73% 5
Healthcare
0.00% 0.00% 38.07% 13.94% 5
Energy
0.00% 0.00% 1.65% 1.21% 4
Communication Services
0.00% 0.00% 92.19% 20.00% 5
Consumer Defense
0.00% 0.00% 9.07% 6.67% 5
Basic Materials
0.00% 0.00% 1.45% 5.45% 5

Stock Geographic Breakdown

Weighting Category Low Category High FBSOX % Rank Quintile
US
94.88% 0.00% 98.35% 3.64% 1
Non US
4.23% 0.00% 99.63% 35.15% 5

FBSOX - Expenses

Operational Fees

FBSOX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.79% 0.10% 48.18% 61.21% 1
Management Fee 0.55% 0.09% 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 27.00% 5.00% 643.00% 29.09% 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 0.33% -3.60% 1.62% 10.30% 1

Capital Gain Distribution Analysis

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

FBSOX - Managers

Daniel Sherwood

Manager

Start Date

Oct 16, 2015

Tenure

1.88

Tenure Rank

19.5%

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


Tenure Analysis

Category Low

0.4

Category High

27.7

Category Average

7.76

Category Mode

2.7