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FSMEX Fidelity® Select Medical Equip & Systems

  • Fund
  • FSMEX
  • Price as of: Aug 08, 2016
  • $42.66
  • - $0.13
  • - 0.30%
  • Category
  • Health & Biotech Equities

FSMEX - Profile

Vitals

  • YTD Return 18.9%
  • 3 Yr Annualized Return 22.2%
  • 5 Yr Annualized Return 18.8%
  • Net Assets $2.8 B
  • Holdings in Top 10 65.0%

52 WEEK LOW AND HIGH

$42.66
$31.64
$42.79

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.76%

SALES FEES

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

BROKERAGE FEES

  • Turnover 46.00%

TRADING FEES

  • Max Redemption Fee 0.75%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Health & Biotech Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Health

Distributions

  • YTD Total Return 18.9%
  • 3 Yr Annualized Total Return 22.2%
  • 5 Yr Annualized Total Return 18.8%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio -0.09%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Fidelity® Select Medical Equipment and Systems Portfolio
  • Fund Family Name Fidelity Investments
  • Inception Date Apr 28, 1998
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Edward L. Yoon

Fund Description

The Fidelity Select Medical Equipment and Systems Portfolio (FSMEX) is an actively managed fund focusing on the medical devices industry of the health care sector. FSMEX focuses its attention on firms that provide advanced drug delivery systems, hospital equipment, health care diagnostics as well as consumable/one-time use medical devices. The fund’s managers use fundamental analysis when selecting stocks for the portfolio. FSMEX can own both domestic and international medical stocks.

Given its focus on a higher-risk industry of the equity markets, FSMEX is best suited as a small satellite position in a broad portfolio. The fund is internally managed by Fidelity.

FSMEX - Performance

Return Ranking - Trailing

Period FSMEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 18.9% -25.2% 18.9% 0.89% 1
1 Yr 15.0% -29.1% 15.0% 0.89% 1
3 Yr 22.2% * 4.7% 22.2% 0.92% 1
5 Yr 18.8% * 10.5% 23.7% 42.86% 3
10 Yr 14.0% * 8.3% 16.3% 16.83% 1

* Annualized


Return Ranking - Calendar

Period FSMEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -7.6% -20.4% 13.8% 78.90% 4
2014 N/A 13.1% 21.8% N/A N/A
2013 N/A 30.6% 65.2% N/A N/A
2012 N/A 9.6% 27.7% N/A N/A
2011 N/A -1.8% 18.0% N/A N/A

Total Return Ranking - Trailing

Period FSMEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 18.9% -25.2% 18.9% 0.89% 1
1 Yr 15.0% -32.7% 15.0% 0.89% 1
3 Yr 22.2% * 3.2% 22.2% 0.92% 1
5 Yr 18.8% * 9.9% 23.7% 39.05% 2
10 Yr 14.0% * 8.0% 16.3% 12.87% 1

* Annualized


Total Return Ranking - Calendar

Period FSMEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -7.6% -20.4% 13.8% 78.90% 4
2014 N/A 17.6% 22.2% N/A N/A
2013 N/A 51.1% 71.1% N/A N/A
2012 N/A 19.8% 39.6% N/A N/A
2011 N/A 13.8% 20.1% N/A N/A

NAV & Total Return History

FSMEX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

FSMEX Category Low Category High FSMEX % Rank Quintile
Net Assets 2.8 B 23.8 M 50.7 B 9.82% 2
Number of Holdings 58 30 356 24.11% 4
Net Assets in Top 10 1.59 B 9.08 M 20.2 B 7.14% 1
Weighting of Top 10 65.0% 22.2% 68.4% 1.79% 1

Top 10 Holdings

  1. Medtronic PLC 23.46%
  2. Boston Scientific Corp 9.84%
  3. Abbott Laboratories 2.58%
  4. Zimmer Biomet Holdings Inc 5.33%
  5. Edwards Lifesciences Corp 4.35%
  6. The Cooper Companies Inc 2.81%
  7. Stryker Corp 3.93%
  8. Intuitive Surgical Inc 7.21%
  9. Integra Lifesciences Holdings Corp 2.75%
  10. DexCom Inc 2.79%

Asset Allocation

Weighting Category Low Category High FSMEX % Rank Quintile
Stocks
97.74% 87.51% 106.76% 20.54% 3
Cash
2.26% 0.00% 12.50% 9.82% 2
Other
0.00% -6.76% 2.31% 12.50% 4
Convertible Bonds
0.00% 0.00% 0.33% 3.57% 4
Preferred Stocks
0.00% 0.00% 1.48% 4.46% 4
Bonds
0.00% 0.00% 1.19% 3.57% 4

Stock Sector Breakdown

Weighting Category Low Category High FSMEX % Rank Quintile
Healthcare
95.12% 14.93% 99.47% 15.18% 2
Technology
2.07% 0.00% 64.47% 9.82% 2
Financial Services
0.00% 0.00% 1.13% 6.25% 4
Industrials
0.00% 0.00% 12.74% 15.18% 4
Utilities
0.00% 0.00% 1.25% 1.79% 4
Real Estate
0.00% 0.00% 1.99% 1.79% 4
Energy
0.00% 0.00% 0.00% 0.89% 4
Communication Services
0.00% 0.00% 2.23% 1.79% 4
Consumer Defense
0.00% 0.00% 2.38% 12.50% 4
Consumer Cyclical
0.00% 0.00% 4.23% 6.25% 4
Basic Materials
0.00% 0.00% 2.05% 3.57% 4

Stock Geographic Breakdown

Weighting Category Low Category High FSMEX % Rank Quintile
US
92.87% 62.67% 99.85% 8.04% 1
Non US
4.87% 0.14% 44.09% 27.68% 5

FSMEX - Expenses

Operational Fees

FSMEX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.76% 0.10% 4.31% 64.29% 1
Management Fee 0.55% 0.08% 1.25% 16.96% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.01% 0.40% N/A N/A

Sales Fees

FSMEX Fees (% of AUM) Category Low Category High FSMEX 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

FSMEX Fees (% of AUM) Category Low Category High FSMEX Rank Quintile
Max Redemption Fee 0.75% 0.75% 2.00% 6.82% 1

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.

FSMEX Fees (% of AUM) Category Low Category High FSMEX Rank Quintile
Turnover 46.00% 4.00% 249.00% 13.39% 3

FSMEX - Distributions

Dividend Yield Analysis

FSMEX Category Low Category High FSMEX % Rank Quintile
Dividend Yield 0.1% 0.01% 0.94% 42.55% 3

Dividend Distribution Analysis

FSMEX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

FSMEX Category Low Category High FSMEX % Rank Quintile
Net Income Ratio -0.09% -2.26% 1.24% 18.75% 2

Capital Gain Distribution Analysis

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

FSMEX - Managers

Edward L. Yoon

Manager

Start Date

May 01, 2007

Tenure

9.26

Tenure Rank

10.1%

Edward Yoon is a manager. Since joining Fidelity Investments in 2006, Mr. Yoon has served as a research analyst and portfolio manager. Prior to joining Fidelity, he worked for JPMorgan Asset Management as a research analyst and co-fund manager from 2002 until 2006. Mr. Yoon received a BA in business economics from Brown University in 2002.


Tenure Analysis

Category Low

0.1

Category High

18.9

Category Average

8.99

Category Mode

1.6