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FSMEX Fidelity® Select Medical Equip & Systems

  • Fund
  • FSMEX
  • Price as of: Nov 16, 2017
  • $47.12
  • + $0.53
  • + 1.14%
  • Category
  • Health & Biotech Equities

FSMEX - Profile

Vitals

  • YTD Return 28.0%
  • 3 Yr Annualized Return 16.0%
  • 5 Yr Annualized Return 22.0%
  • Net Assets $4.07 B
  • Holdings in Top 10 65.3%

52 WEEK LOW AND HIGH

$47.12
$36.73
$47.48

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.76%

SALES FEES

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

BROKERAGE FEES

  • Turnover 55.00%

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 28.0%
  • 3 Yr Annualized Total Return 16.0%
  • 5 Yr Annualized Total Return 22.0%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.01%
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 28.0% -14.9% 36.9% 16.07% 1
1 Yr 23.3% -14.8% 43.9% 30.63% 2
3 Yr 16.0% * -7.5% 18.5% 5.56% 1
5 Yr 22.0% * 9.3% 22.0% 0.97% 1
10 Yr 13.0% * 6.1% 17.5% 22.33% 2

* Annualized


Return Ranking - Calendar

Period FSMEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 2.6% -29.8% 2.6% 0.91% 1
2015 -7.6% -20.4% 14.5% 79.09% 5
2014 8.6% -5.8% 33.7% 74.55% 4
2013 28.1% -2.6% 65.2% 76.15% 4
2012 10.7% -5.3% 36.5% 62.14% 4

Total Return Ranking - Trailing

Period FSMEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 28.0% -14.9% 36.9% 16.22% 1
1 Yr 23.3% -18.3% 43.9% 28.18% 2
3 Yr 16.0% * -14.2% 18.5% 4.63% 1
5 Yr 22.0% * 9.1% 22.0% 0.97% 1
10 Yr 13.0% * 6.1% 17.2% 21.36% 2

* Annualized


Total Return Ranking - Calendar

Period FSMEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 3.5% -25.1% 6.3% 1.83% 1
2015 8.9% -16.6% 39.1% 36.70% 2
2014 38.7% -5.8% 100.0% 27.52% 2
2013 93.3% -5.1% 398.7% 26.85% 2
2012 47.4% -2.6% 475.8% 37.00% 2

NAV & Total Return History

FSMEX - Holdings

Filings data as of: Sep 30, 2017

Concentration Analysis

FSMEX Category Low Category High FSMEX % Rank Quintile
Net Assets 4.07 B 18.6 M 47 B 8.04% 1
Number of Holdings 51 31 361 29.46% 5
Net Assets in Top 10 2.63 B 11 M 20.2 B 5.36% 1
Weighting of Top 10 65.3% 19.8% 71.2% 2.68% 1

Top 10 Holdings

  1. Medtronic PLC 14.04%
  2. Boston Scientific Corp 12.01%
  3. Stryker Corp 5.00%
  4. Intuitive Surgical Inc 7.52%
  5. Danaher Corp 5.06%
  6. DexCom Inc 2.34%
  7. Wright Medical Group NV 2.37%
  8. Amgen Inc 3.93%
  9. Becton, Dickinson and Co 10.69%
  10. ResMed Inc 2.37%

Asset Allocation

Weighting Category Low Category High FSMEX % Rank Quintile
Stocks
97.32% 91.83% 99.98% 21.43% 3
Preferred Stocks
1.97% 0.00% 4.16% 7.14% 1
Cash
0.71% -0.04% 5.66% 27.68% 4
Other
0.00% -5.64% 5.15% 18.75% 4
Convertible Bonds
0.00% 0.00% 0.46% 2.68% 4
Bonds
0.00% 0.00% 4.69% 7.14% 4

Stock Sector Breakdown

Weighting Category Low Category High FSMEX % Rank Quintile
Healthcare
90.44% 11.15% 99.98% 40.18% 5
Technology
6.03% 0.00% 65.49% 3.57% 1
Basic Materials
0.59% 0.00% 2.25% 4.46% 1
Consumer Defense
0.27% 0.00% 1.65% 11.61% 2
Utilities
0.00% 0.00% 0.95% 1.79% 4
Real Estate
0.00% 0.00% 1.52% 1.79% 4
Industrials
0.00% 0.00% 8.26% 8.04% 4
Financial Services
0.00% 0.00% 2.90% 6.25% 4
Energy
0.00% 0.00% 0.09% 1.79% 4
Communication Services
0.00% 0.00% 0.00% 0.89% 4
Consumer Cyclical
0.00% 0.00% 7.41% 7.14% 4

Stock Geographic Breakdown

Weighting Category Low Category High FSMEX % Rank Quintile
US
94.36% 60.72% 99.98% 8.04% 1
Non US
2.96% 0.00% 34.72% 35.71% 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% 63.39% 1
Management Fee 0.55% 0.09% 1.25% 14.29% 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 2.50% 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 55.00% 0.00% 699.00% 10.71% 4

FSMEX - Distributions

Dividend Yield Analysis

FSMEX Category Low Category High FSMEX % Rank Quintile
Dividend Yield 0.1% 0.01% 0.94% 41.67% 2

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 0.01% -2.22% 1.46% 24.11% 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

10.51

Tenure Rank

16.0%

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

0.3

Category High

20.1

Category Average

9.06

Category Mode

0.7