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FBSOX Fidelity® Select IT Services

  • Fund
  • FBSOX
  • Price as of: May 21, 2019
  • $69.49 + $0.63 + 0.92%
  • Category
  • Technology Equities

FBSOX - Profile

Vitals

  • YTD Return 28.4%
  • 3 Yr Annualized Return 20.1%
  • 5 Yr Annualized Return 14.4%
  • Net Assets $3.38 B
  • Holdings in Top 10 63.2%

52 WEEK LOW AND HIGH

$69.49
$50.47
$70.75

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.74%

SALES FEES

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

BROKERAGE FEES

  • Turnover 26.00%

TRADING FEES

  • Max Redemption Fee 0.75%

Min Investment

STANDARD (TAXABLE)

$0

IRA

$2,500

Investment Themes

CATEGORY

Technology Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Technology

Distributions

  • YTD Total Return 28.4%
  • 3 Yr Annualized Total Return 22.2%
  • 5 Yr Annualized Total Return 18.4%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.06%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 (%)
YTD 28.4% -0.3% 28.6% 16.15%
1 Yr 15.4% -28.1% 15.0% 1.54%
3 Yr 20.1%* -5.2% 25.3% 26.19%
5 Yr 14.4%* -3.7% 19.0% 13.60%
10 Yr 18.8%* 2.4% 18.4% 1.14%

* Annualized


Return Ranking - Calendar

Period FBSOX Return Category Return Low Category Return High Rank in Category (%)
2018 -0.6% -31.2% 4.3% 9.23%
2017 30.0% -15.6% 55.5% 42.31%
2016 4.9% -18.0% 32.1% 59.52%
2015 8.8% -17.6% 11.6% 7.14%
2014 -1.8% -63.5% 36.9% 73.60%

Total Return Ranking - Trailing

Period FBSOX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.4% -0.3% 28.6% 16.15%
1 Yr 15.4% -25.3% 15.0% 1.54%
3 Yr 22.2%* 3.5% 29.0% 43.65%
5 Yr 18.4%* -2.9% 31.9% 18.40%
10 Yr 21.6%* 2.4% 25.6% 2.27%

* Annualized


Total Return Ranking - Calendar

Period FBSOX Return Category Return Low Category Return High Rank in Category (%)
2018 1.0% -31.0% 5.1% 16.15%
2017 34.3% 1.8% 55.5% 54.62%
2016 5.2% -18.0% 32.8% 73.02%
2015 13.2% -13.9% 83.1% 1.59%
2014 6.9% -63.5% 38.5% 77.60%

NAV & Total Return History

FBSOX - Holdings

Concentration Analysis

FBSOX Category Low Category High FBSOX % Rank
Net Assets 3.38 B 5.09 M 23.5 B 10.77%
Number of Holdings 55 28 321 65.38%
Net Assets in Top 10 1.96 B 865 K 11.7 B 10.77%
Weighting of Top 10 63.16% 18.2% 73.4% 10.00%

Top 10 Holdings

  1. Visa Inc Class A 18.39%

  2. Mastercard Inc A 13.13%

  3. PayPal Holdings Inc 6.40%

  4. Accenture PLC Class A 4.89%

  5. Cognizant Technology Solutions Corp A 4.83%

  6. Worldpay Inc Class A 4.03%

  7. International Business Machines Corp 3.41%

  8. EPAM Systems Inc 2.76%

  9. First Data Corp Class A 2.74%

  10. Automatic Data Processing Inc 2.57%


Asset Allocation

Weighting Return Low Return High FBSOX % Rank
Stocks
97.80% 89.31% 100.06% 64.62%
Cash
2.20% -0.06% 10.69% 36.15%
Preferred Stocks
0.00% 0.00% 1.51% 73.08%
Other
0.00% -5.30% 7.59% 71.54%
Convertible Bonds
0.00% 0.00% 0.00% 70.00%
Bonds
0.00% 0.00% 0.08% 70.77%

Stock Sector Breakdown

Weighting Return Low Return High FBSOX % Rank
Financial Services
39.57% 0.00% 39.57% 0.77%
Technology
35.67% 6.21% 97.88% 97.69%
Industrials
22.31% 0.00% 22.31% 0.77%
Consumer Cyclical
0.25% 0.00% 27.37% 87.69%
Utilities
0.00% 0.00% 0.67% 73.08%
Real Estate
0.00% 0.00% 4.08% 77.69%
Healthcare
0.00% 0.00% 35.13% 86.15%
Energy
0.00% 0.00% 0.95% 70.00%
Communication Services
0.00% 0.00% 93.37% 83.85%
Consumer Defense
0.00% 0.00% 8.37% 75.38%
Basic Materials
0.00% 0.00% 0.95% 73.08%

Stock Geographic Breakdown

Weighting Return Low Return High FBSOX % Rank
US
92.20% 2.03% 98.87% 30.00%
Non US
5.60% 0.65% 96.38% 68.46%

FBSOX - Expenses

Operational Fees

FBSOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.74% 0.10% 3.70% 94.62%
Management Fee 0.54% 0.09% 1.50% 20.77%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

FBSOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FBSOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 0.75% 0.75% 2.00% 100.00%

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 Return Low Category Return High Rank in Category (%)
Turnover 26.00% 1.00% 643.00% 18.46%

FBSOX - Distributions

Dividend Yield Analysis

FBSOX Category Low Category High FBSOX % Rank
Dividend Yield 0.00% 0.00% 0.02% 73.08%

Dividend Distribution Analysis

FBSOX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Annually Annually

Dividend Payout History


Net Income Ratio Analysis

FBSOX Category Low Category High FBSOX % Rank
Net Income Ratio 0.06% -2.16% 2.30% 16.15%

Capital Gain Distribution Analysis

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

FBSOX - Managers

Daniel Sherwood

Manager

Start Date

Tenure

Tenure Rank

Oct 16, 2015

3.54

3.5%

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


Zachary Turner

Manager

Start Date

Tenure

Tenure Rank

Apr 01, 2019

0.08

0.1%


Tenure Analysis

Category Low

0.08

Category High

29.35

Category Average

8.37

Category Mode

5.17