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FOCPX Fidelity® OTC

  • Fund
  • FOCPX
  • Price as of: May 23, 2019
  • $11.60 - $0.18 - 1.53%
  • Category
  • Large Cap Growth Equities

FOCPX - Profile

Vitals

  • YTD Return 16.6%
  • 3 Yr Annualized Return 13.6%
  • 5 Yr Annualized Return 8.2%
  • Net Assets $20.2 B
  • Holdings in Top 10 46.4%

52 WEEK LOW AND HIGH

$11.60
$9.26
$13.40

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.88%

SALES FEES

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

BROKERAGE FEES

  • Turnover 38.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

$2,500

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 16.6%
  • 3 Yr Annualized Total Return 18.2%
  • 5 Yr Annualized Total Return 15.0%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio -0.17%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name Fidelity® OTC Portfolio
  • Fund Family Name Fidelity Investments
  • Inception Date Dec 31, 1984
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Christopher Lin

Fund Description

The Fidelity OTC Portfolio (FOCPX) seeks capital appreciation by investing across a spectrum of dynamic growth companies and is benchmarked against the Nasdaq Composite Index. THe fund will normally invest at least 80% of assets in securities principally traded on NASDAQ or an over-the-counter market, which has more small and medium-sized companies than other markets. Furthermore, FOCPX invests at least 25% of assets in the technology sector.

The fund manager, Gavin Baker, utilizes several fundamental factors to screen potential holdings including accurate forecasts of future earnings power, low valuations and positive price momentum. The resulting portfolio consists primarily of U.S. large capitalization growth equities.

FOCPX - Performance

Return Ranking - Trailing

Period FOCPX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.6% -7.9% 26.7% 31.00%
1 Yr -4.5% -63.9% 13.6% 33.57%
3 Yr 13.6%* -38.0% 20.9% 3.62%
5 Yr 8.2%* -30.7% 21.4% 10.29%
10 Yr 13.3%* -12.3% 17.3% 7.79%

* Annualized


Return Ranking - Calendar

Period FOCPX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.4% -65.5% 5.0% 28.70%
2017 31.8% -24.8% 41.0% 1.58%
2016 -0.1% -56.6% 18.1% 49.51%
2015 4.9% -38.0% 11.4% 6.28%
2014 2.8% -52.4% 105.4% 39.73%

Total Return Ranking - Trailing

Period FOCPX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.6% 0.0% 26.7% 31.00%
1 Yr -0.8% -63.9% 26.9% 46.42%
3 Yr 18.2%* -38.0% 27.3% 3.09%
5 Yr 15.0%* -30.7% 30.0% 2.06%
10 Yr 18.6%* -12.3% 19.0% 0.66%

* Annualized


Total Return Ranking - Calendar

Period FOCPX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.9% -65.5% 16.5% 40.68%
2017 38.6% -24.8% 48.9% 1.76%
2016 3.1% -56.6% 26.8% 47.30%
2015 10.3% -38.0% 17.3% 5.13%
2014 17.6% -52.4% 120.7% 1.74%

NAV & Total Return History

FOCPX - Holdings

Concentration Analysis

FOCPX Category Low Category High FOCPX % Rank
Net Assets 20.2 B 898 K 195 B 6.99%
Number of Holdings 268 6 2046 9.78%
Net Assets in Top 10 8.84 B 519 K 54.6 B 4.37%
Weighting of Top 10 46.42% 12.8% 2580.2% 18.78%

Top 10 Holdings

  1. Apple Inc 8.85%

  2. Microsoft Corp 8.66%

  3. Alphabet Inc A 7.59%

  4. Amazon.com Inc 6.17%

  5. Facebook Inc A 5.08%

  6. Alphabet Inc Class C 2.67%

  7. NVIDIA Corp 2.66%

  8. Adobe Inc 1.75%

  9. PayPal Holdings Inc 1.57%

  10. Netflix Inc 1.42%


Asset Allocation

Weighting Return Low Return High FOCPX % Rank
Stocks
96.69% 17.54% 113.56% 71.00%
Preferred Stocks
2.76% 0.00% 14.01% 1.92%
Other
0.46% -13.96% 43.00% 11.27%
Cash
0.10% -2546.61% 57.26% 90.66%
Convertible Bonds
0.00% 0.00% 2.57% 66.72%
Bonds
0.00% -0.01% 2544.23% 66.55%

Stock Sector Breakdown

Weighting Return Low Return High FOCPX % Rank
Technology
57.03% 0.00% 62.60% 0.96%
Consumer Cyclical
15.71% 0.00% 35.86% 51.35%
Healthcare
8.28% 0.00% 96.81% 95.11%
Financial Services
7.10% 0.00% 39.70% 90.31%
Consumer Defense
5.44% 0.00% 16.35% 42.53%
Communication Services
1.11% 0.00% 14.60% 60.79%
Industrials
1.09% 0.00% 25.15% 97.47%
Energy
0.27% 0.00% 14.90% 66.03%
Real Estate
0.22% 0.00% 9.48% 59.91%
Basic Materials
0.14% 0.00% 12.25% 80.00%
Utilities
0.00% 0.00% 15.76% 78.34%

Stock Geographic Breakdown

Weighting Return Low Return High FOCPX % Rank
US
88.31% 6.81% 113.56% 76.33%
Non US
8.38% 0.00% 91.58% 25.85%

FOCPX - Expenses

Operational Fees

FOCPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.88% 0.00% 15.15% 66.64%
Management Fee 0.72% 0.00% 1.44% 72.66%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 1.02% N/A

Sales Fees

FOCPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 8.50% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FOCPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.05% 5.00% 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.

FOCPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 38.00% 0.00% 650.00% 44.98%

FOCPX - Distributions

Dividend Yield Analysis

FOCPX Category Low Category High FOCPX % Rank
Dividend Yield 0.00% 0.00% 0.12% 79.39%

Dividend Distribution Analysis

FOCPX Category Low Category High Category Mode
Dividend Distribution Frequency None Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

FOCPX Category Low Category High FOCPX % Rank
Net Income Ratio -0.17% -14.30% 2.62% 63.58%

Capital Gain Distribution Analysis

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

FOCPX - Managers

Christopher Lin

Manager

Start Date

Tenure

Tenure Rank

Sep 18, 2017

1.61

1.6%

Christopher Lin is portfolio manager of Computers Portfolio, which he has managed since January 2013. Since joining Fidelity Investments in 2003, Mr. Lin has worked as a research analyst and portfolio manager.


Sonu Kalra

Manager

Start Date

Tenure

Tenure Rank

Sep 18, 2017

1.61

1.6%

Kalra,portfolio manager, joined Fidelity as an equity research analyst in 1998 following the radio, television and entertainment industries. He subsequently followed the computer storage and peripherals and Internet infrastructure industries and managed Fidelity Select Networking and Infrastructure Portfolio in 2002. Prior to joining Fidelity, Kalra held various accounting and finance positions at GE Capital in Stamford, Connecticut.


Tenure Analysis

Category Low

0.0

Category High

51.36

Category Average

8.53

Category Mode

0.0