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FSRBX Fidelity® Select Banking

  • Fund
  • FSRBX
  • Price as of: Jan 19, 2018
  • $37.89
  • + $0.46
  • + 1.23%
  • Category
  • Financials Equities

FSRBX - Profile

Vitals

  • YTD Return 7.1%
  • 3 Yr Annualized Return 12.9%
  • 5 Yr Annualized Return 16.6%
  • Net Assets $836 M
  • Holdings in Top 10 48.1%

52 WEEK LOW AND HIGH

$37.89
$30.51
$37.89

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.79%

SALES FEES

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

BROKERAGE FEES

  • Turnover 34.00%

TRADING FEES

  • Max Redemption Fee 0.75%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Financials Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Financial

Distributions

  • YTD Total Return 7.1%
  • 3 Yr Annualized Total Return 12.9%
  • 5 Yr Annualized Total Return 16.6%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.20%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Fidelity® Select Banking Portfolio
  • Fund Family Name Fidelity Investments
  • Inception Date Jun 30, 1986
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Matt Reed

Fund Description

The fund invests primarily in common stocks. It normally invests at least 80% of assets in securities of companies principally engaged in banking. The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. The fund is non-diversified.

FSRBX - Performance

Return Ranking - Trailing

Period FSRBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.1% -6.4% 8.3% 4.29% 1
1 Yr 12.7% -18.6% 47.6% 71.43% 4
3 Yr 12.9% * -11.2% 18.6% 29.41% 2
5 Yr 16.6% * 5.7% 20.9% 25.76% 2
10 Yr 6.2% * -0.4% 10.3% 46.67% 3

* Annualized


Return Ranking - Calendar

Period FSRBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 9.8% -7.7% 46.5% 72.46% 4
2016 25.9% -1.5% 33.5% 19.12% 1
2015 -4.8% -15.2% 15.0% 50.00% 3
2014 2.7% -24.8% 27.7% 47.06% 3
2013 35.5% 0.0% 48.1% 30.88% 2

Total Return Ranking - Trailing

Period FSRBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.1% -6.4% 8.3% 4.29% 1
1 Yr 12.7% -13.2% 47.6% 64.29% 4
3 Yr 12.9% * -3.6% 120.2% 29.41% 2
5 Yr 16.6% * 5.2% 20.9% 24.24% 2
10 Yr 6.2% * -1.0% 10.3% 46.67% 3

* Annualized


Total Return Ranking - Calendar

Period FSRBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 9.8% -7.7% 46.5% 72.46% 4
2016 25.9% 0.0% 34.4% 19.12% 1
2015 0.6% -12.1% 15.0% 30.88% 2
2014 8.1% -17.9% 38.4% 35.29% 2
2013 47.6% 0.0% 64.7% 17.65% 1

NAV & Total Return History

FSRBX - Holdings

Filings data as of: Nov 30, 2017

Concentration Analysis

FSRBX Category Low Category High FSRBX % Rank Quintile
Net Assets 836 M 2.18 M 7.96 B 10.00% 1
Number of Holdings 59 27 410 20.00% 3
Net Assets in Top 10 383 M 953 K 3.53 B 8.57% 1
Weighting of Top 10 48.1% 16.2% 61.5% 14.29% 2

Top 10 Holdings

  1. Wells Fargo & Co 7.26%
  2. US Bancorp 5.30%
  3. Bank of America Corporation 7.30%
  4. Citigroup Inc 4.03%
  5. JPMorgan Chase & Co 3.30%
  6. Bank of the Ozarks Inc 3.91%
  7. Huntington Bancshares Inc 6.10%
  8. PNC Financial Services Group Inc 4.33%
  9. SunTrust Banks Inc 3.06%
  10. Capital One Financial Corp 3.48%

Asset Allocation

Weighting Category Low Category High FSRBX % Rank Quintile
Stocks
99.60% 59.84% 100.00% 4.29% 1
Cash
0.40% 0.00% 28.92% 38.57% 5
Preferred Stocks
0.00% 0.00% 0.40% 8.57% 4
Other
0.00% 0.00% 10.84% 15.71% 4
Convertible Bonds
0.00% 0.00% 0.00% 1.43% 4
Bonds
0.00% -0.13% 2.20% 8.57% 4

Stock Sector Breakdown

Weighting Category Low Category High FSRBX % Rank Quintile
Financial Services
98.34% 19.67% 100.00% 2.86% 1
Industrials
0.75% 0.00% 9.47% 21.43% 3
Real Estate
0.52% 0.00% 30.59% 28.57% 4
Utilities
0.00% 0.00% 0.00% 1.43% 4
Technology
0.00% 0.00% 3.47% 20.00% 5
Healthcare
0.00% 0.00% 2.75% 4.29% 4
Energy
0.00% 0.00% 0.00% 1.43% 4
Communication Services
0.00% 0.00% 3.62% 5.71% 4
Consumer Defense
0.00% 0.00% 0.36% 5.71% 4
Consumer Cyclical
0.00% 0.00% 2.70% 10.00% 4
Basic Materials
0.00% 0.00% 2.19% 4.29% 4

Stock Geographic Breakdown

Weighting Category Low Category High FSRBX % Rank Quintile
US
96.87% 43.02% 99.26% 10.00% 1
Non US
2.73% 0.00% 47.42% 24.29% 3

FSRBX - Expenses

Operational Fees

FSRBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.79% 0.10% 7.35% 72.86% 1
Management Fee 0.55% 0.09% 1.25% 18.57% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.04% 0.25% N/A N/A

Sales Fees

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

FSRBX Fees (% of AUM) Category Low Category High FSRBX Rank Quintile
Max Redemption Fee 0.75% 0.75% 2.00% 10.34% 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.

FSRBX Fees (% of AUM) Category Low Category High FSRBX Rank Quintile
Turnover 34.00% 4.00% 907.00% 28.57% 2

FSRBX - Distributions

Dividend Yield Analysis

FSRBX Category Low Category High FSRBX % Rank Quintile
Dividend Yield 0.1% 0.00% 0.48% 21.82% 2

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FSRBX Category Low Category High FSRBX % Rank Quintile
Net Income Ratio 1.20% -2.13% 1.90% 20.00% 2

Capital Gain Distribution Analysis

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

FSRBX - Managers

Matt Reed

Manager

Start Date

Sep 27, 2016

Tenure

1.26

Tenure Rank

25.6%

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


Tenure Analysis

Category Low

0.1

Category High

21.0

Category Average

7.71

Category Mode

3.0