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FSAEX Fidelity® Series All-Sector Equity

  • Fund
  • FSAEX
  • Price as of: Aug 08, 2016
  • $13.38
  • - $0.01
  • - 0.08%
  • Category
  • Large Cap Growth Equities

FSAEX - Profile

Vitals

  • YTD Return 4.6%
  • 3 Yr Annualized Return 10.3%
  • 5 Yr Annualized Return 12.0%
  • Net Assets $9.89 B
  • Holdings in Top 10 18.7%

52 WEEK LOW AND HIGH

$13.38
$11.22
$14.22

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.73%

SALES FEES

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

BROKERAGE FEES

  • Turnover 66.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2008-10-17

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Large Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 4.6%
  • 3 Yr Annualized Total Return 10.3%
  • 5 Yr Annualized Total Return 12.0%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 0.85%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name Fidelity® Series All-Sector Equity Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Oct 17, 2008
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Douglas Simmons

FSAEX - Performance

Return Ranking - Trailing

Period FSAEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.6% -97.0% 17.4% 29.80% 2
1 Yr 2.6% -28.3% 24.3% 24.69% 2
3 Yr 10.3% * 0.2% 17.7% 50.67% 3
5 Yr 12.0% * 1.6% 16.2% 35.99% 2
10 Yr N/A * 0.4% 13.1% N/A N/A

* Annualized


Return Ranking - Calendar

Period FSAEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -9.6% -38.0% 13.6% 77.44% 4
2014 N/A -0.7% 12.3% N/A N/A
2013 N/A 23.9% 43.4% N/A N/A
2012 N/A 10.8% 19.6% N/A N/A
2011 N/A -12.1% 12.5% N/A N/A

Total Return Ranking - Trailing

Period FSAEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.6% -97.0% 13.2% 29.48% 2
1 Yr 2.6% -28.3% 22.0% 20.84% 2
3 Yr 10.3% * -1.0% 17.7% 43.82% 3
5 Yr 12.0% * 0.4% 16.2% 32.04% 2
10 Yr N/A * -0.1% 13.1% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period FSAEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -9.6% -38.0% 17.4% 77.52% 4
2014 N/A -0.7% 13.1% N/A N/A
2013 N/A 32.4% 62.9% N/A N/A
2012 N/A 15.7% 23.1% N/A N/A
2011 N/A -14.3% 13.3% N/A N/A

NAV & Total Return History

FSAEX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

FSAEX Category Low Category High FSAEX % Rank Quintile
Net Assets 9.89 B 373 K 146 B 1.80% 1
Number of Holdings 210 1 2190 3.47% 1
Net Assets in Top 10 1.81 B 0 33.1 B 3.41% 1
Weighting of Top 10 18.7% 0.0% 150.9% 28.34% 5

Top 10 Holdings

  1. Apple Inc 2.53%
  2. Alphabet Inc C 2.88%
  3. Capital One Financial Corp 1.80%
  4. Philip Morris International Inc 1.95%
  5. General Electric Co 1.53%
  6. Amazon.com Inc 2.02%
  7. Facebook Inc A 1.52%
  8. Autodesk Inc 1.60%
  9. Medtronic PLC 1.49%
  10. Qorvo Inc 1.35%

Asset Allocation

Weighting Category Low Category High FSAEX % Rank Quintile
Stocks
98.04% 0.00% 109.00% 9.38% 3
Cash
1.96% -9.00% 100.00% 12.34% 3
Other
0.00% -1.32% 24.55% 6.88% 4
Convertible Bonds
0.00% 0.00% 2.81% 0.84% 4
Preferred Stocks
0.00% 0.00% 4.61% 2.31% 4
Bonds
0.00% 0.00% 76.29% 2.89% 4

Stock Sector Breakdown

Weighting Category Low Category High FSAEX % Rank Quintile
Technology
17.69% -1.29% 52.19% 21.98% 5
Healthcare
14.60% -1.03% 98.63% 17.93% 4
Financial Services
12.98% -2.38% 40.17% 8.80% 2
Consumer Cyclical
12.17% -2.22% 41.71% 21.40% 4
Industrials
11.08% -0.37% 29.48% 11.18% 2
Consumer Defense
8.50% -1.43% 30.67% 13.37% 3
Energy
6.82% -2.01% 16.80% 4.05% 1
Communication Services
4.22% 0.00% 12.93% 8.29% 2
Utilities
3.56% -0.18% 16.29% 1.99% 1
Real Estate
3.17% 0.00% 11.43% 4.43% 1
Basic Materials
2.49% -1.18% 12.09% 11.63% 3

Stock Geographic Breakdown

Weighting Category Low Category High FSAEX % Rank Quintile
US
96.46% 0.00% 109.00% 7.39% 2
Non US
1.58% -0.01% 91.03% 19.09% 4

FSAEX - Expenses

Operational Fees

FSAEX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.73% 0.00% 24.91% 14.08% 1
Management Fee 0.55% 0.00% 1.50% 3.28% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 1.00% N/A N/A

Sales Fees

FSAEX Fees (% of AUM) Category Low Category High FSAEX Rank Quintile
Front Load N/A 1.50% 8.50% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

FSAEX Fees (% of AUM) Category Low Category High FSAEX Rank Quintile
Max Redemption Fee N/A 0.05% 5.00% N/A N/A

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.

FSAEX Fees (% of AUM) Category Low Category High FSAEX Rank Quintile
Turnover 66.00% 0.00% 437.00% 6.43% 4

FSAEX - Distributions

Dividend Yield Analysis

FSAEX Category Low Category High FSAEX % Rank Quintile
Dividend Yield 0.0% 0.00% 2.85% 75.68% 5

Dividend Distribution Analysis

FSAEX Category Low Category High Category Mode
Dividend Distribution Frequency None Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FSAEX Category Low Category High FSAEX % Rank Quintile
Net Income Ratio 0.85% -5.94% 3.70% 4.76% 1

Capital Gain Distribution Analysis

FSAEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Daily Annually

FSAEX - Managers

Douglas Simmons

Manager

Start Date

Oct 17, 2008

Tenure

7.79

Tenure Rank

5.3%

Douglas Simmons is co-manager of the fund, which he has managed since November 2009, and is manager of Fidelity Utilities Central Fund. He also manages other Fidelity funds. Mr. Simmons joined Fidelity Investments in 2003 after receiving his MBA from Harvard Business School. He is also a member of FMR's Multi-Manager Group.


Jonathan Kasen

Manager

Start Date

Jul 16, 2013

Tenure

3.04

Tenure Rank

9.5%

Kasen joined Fidelity in 2006 as an equity analyst following industrial distribution, machinery, electrical products, and mid–cap diversified industrial stocks. Prior to joining Fidelity, he was a summer intern at Fred Alger Management in New York City in 2005. From 2001 to 2004, Kasen was an equity research analyst, covering mainly health–care and technology companies, at Hellman Jordan Management Company — a specialty equity investment firm in Boston.


Brian Lempel

Manager

Start Date

Oct 15, 2012

Tenure

3.79

Tenure Rank

8.6%

Brian Lempel is a member of FMR's Stock Selector Large Cap Group and co-manager of the fund (information technology sector), which he has managed since January 2014. He also manages other funds. Since joining Fidelity Investments in 2004, Mr. Lempel has worked as a research analyst and portfolio manager.


Robert E. Stansky

Manager

Start Date

Oct 17, 2008

Tenure

7.79

Tenure Rank

5.3%

Stansky is vice president and portfolio manager, as well a group manager of VIP Contrafund Portfolio and is responsible for assignment of managers to sectors, managing daily cash flows directing risk management and overseeing in the portfolio. He will not select individual securities in the sectors. He joined Fidelity as a research analyst in 1983, and worked as a research assistant from 1984 to 1987. He also manages other Fidelity funds.


Tobias W. Welo

Manager

Start Date

Nov 14, 2011

Tenure

4.72

Tenure Rank

7.7%

Tobias W. Welo is manager of Advisor Industrials Fund, which he has managed since January 2007. Since joining Fidelity Investments in 2005, Mr. Welo has worked as an analyst. Prior to joining Fidelity, he worked as an analyst and assistant portfolio manager for BlackRock. From 1999 until 2002, Mr. Welo was an analyst for Boston Partners. Before joining BPAM, Welo spent five years with Coopers & Lybrand L.L.P.


Pierre Sorel

Manager

Start Date

Oct 17, 2008

Tenure

7.79

Tenure Rank

5.3%

Mr. Sorel joined Fidelity in 1998. In 2000, he began covering European autos, and then covered European banks in 2002. He was promoted to portfolio manager for Fidelity Financial Services Fund for European investors in February 2005. Prior to Fidelity, Mr. Sorel worked as a consultant at Oliver, Wyman & Company in New York. He holds a Bachelor of Science degree in electrical engineering and a bachelor of arts degree in economics from Brown University, Rhode Island. He also holds a masters degree in computer engineering from Princeton University and an MBA from INSEAD, France.


Steven Kaye

Manager

Start Date

Oct 17, 2008

Tenure

7.79

Tenure Rank

5.3%

Kaye is a vice president and portfolio manager with Fidelity Management & Research. Previously, he was head of Fidelity Select Portfolios and assistant director of research. He also served as Fidelity's pharmaceuticals analyst from 1985 to 1990. Before joining the firm, he spent two years as a research analyst with Strategic Planning Associates.


Peter Dixon

Manager

Start Date

Nov 16, 2015

Tenure

0.71

Tenure Rank

11.8%

Peter Dixon is portfolio manager of Retailing Portfolio, which he has managed since April 2010. Prior to joining Fidelity Investments in 2006 as a research analyst, Mr. Dixon received his MBA from the Kellogg School of Management at Northwestern University.


Robert Lee

Manager

Start Date

Oct 17, 2008

Tenure

7.79

Tenure Rank

5.3%

Robert Lee is a portfolio manager at Fidelity Management & Research Company (FMRCo), the investment advisor for Fidelity's family of mutual funds. Mr. Lee joined Fidelity in 2001 as a research analyst following the business services and supply chain technology industries. In 2003, he began following the restaurant industry, and added the food and beverage industries in 2004. Before joining Fidelity, Mr. Lee worked as a summer equities associate with Goldman, Sachs & Co. He also worked as a financial analyst for Adshel Inc. from 1998 to 2000, where he was responsible for evaluating potential acquisitions and new business development opportunities within a high-growth segment of the outdoor media industry. Mr. Lee has been in the investments industry since joining Chase Securities Inc. in 1995 as a financial analyst in the Global Investment Banking Division. Mr. Lee earned his BS in management from Babson College in 1995 and his MBA from the Wharton School at the University of Pennsylvania in 2001. He is a Chartered Financial Analyst (CFA) charterholder.


Tenure Analysis

Category Low

0.0

Category High

48.6

Category Average

7.08

Category Mode

1.6