FSAEX: Fidelity® Series All-Sector Equity

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FSAEX Fidelity® Series All-Sector Equity


Profile

FSAEX - Profile

Vitals

  • YTD Return 5.5%
  • 3 Yr Annualized Return -5.0%
  • 5 Yr Annualized Return -5.6%
  • Net Assets $3.56 B
  • Holdings in Top 10 24.6%

52 WEEK LOW AND HIGH

$10.94
$9.35
$10.94

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

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

BROKERAGE FEES

  • Turnover 65.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Oct 17, 2008
  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 5.5%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 1.68%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Fidelity® Series All-Sector Equity Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Oct 17, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Douglas Simmons

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Performance

FSAEX - Performance

Return Ranking - Trailing

Period FSAEX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.5% -79.9% 22.3% 77.86%
1 Yr 14.1% -80.4% 49.4% 70.91%
3 Yr -5.0%* -45.4% 28.8% 94.93%
5 Yr -5.6%* -36.6% 16.2% 93.56%
10 Yr -0.7%* -17.5% 16.9% 95.17%

* Annualized

Return Ranking - Calendar

Period FSAEX Return Category Return Low Category Return High Rank in Category (%)
2019 21.3% -67.9% 49.9% 62.94%
2018 -32.6% -65.5% 13.4% 96.45%
2017 5.6% -46.3% 37.5% 92.45%
2016 -6.1% -43.3% 15.3% 78.60%
2015 -9.6% -38.0% 11.4% 82.40%

Total Return Ranking - Trailing

Period FSAEX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.5% -79.9% 22.3% 77.86%
1 Yr 14.1% -80.4% 49.4% 70.83%
3 Yr 0.9%* -45.4% 36.2% 93.55%
5 Yr 3.3%* -36.6% 18.2% 82.73%
10 Yr 9.3%* -17.5% 18.0% 71.13%

* Annualized

Total Return Ranking - Calendar

Period FSAEX Return Category Return Low Category Return High Rank in Category (%)
2019 21.3% -67.9% 49.9% 62.94%
2018 -29.8% -65.5% 16.5% 97.34%
2017 21.6% -28.2% 51.5% 70.69%
2016 10.8% -43.3% 17.1% 3.72%
2015 0.0% -38.0% 17.3% 60.61%

NAV & Total Return History


Holdings

FSAEX - Holdings

Concentration Analysis

FSAEX Category Low Category High FSAEX % Rank
Net Assets 3.56 B 1.19 M 201 B 29.20%
Number of Holdings 246 1 2065 9.26%
Net Assets in Top 10 948 M 442 K 63 B 35.92%
Weighting of Top 10 24.61% 11.0% 100.0% 93.65%

Top 10 Holdings

  1. E-mini S&P 500 Future Mar20 4.64%
  2. Apple Inc 4.00%
  3. Microsoft Corp 3.37%
  4. Alphabet Inc Class C 2.56%
  5. Facebook Inc A 1.94%
  6. Amazon.com Inc 1.88%
  7. Capital One Financial Corp 1.77%
  8. UnitedHealth Group Inc 1.55%
  9. General Electric Co 1.45%
  10. Bank of America Corp 1.44%

Asset Allocation

Weighting Return Low Return High FSAEX % Rank
Stocks
95.22% 83.84% 105.55% 91.78%
Cash
4.77% -5.55% 16.16% 6.95%
Preferred Stocks
0.00% 0.00% 2.51% 84.69%
Other
0.00% -0.90% 8.03% 84.32%
Convertible Bonds
0.00% 0.00% 0.01% 82.45%
Bonds
0.00% -0.51% 3.92% 83.64%

Stock Sector Breakdown

Weighting Return Low Return High FSAEX % Rank
Technology
21.23% 8.07% 54.94% 79.01%
Financial Services
14.83% 0.00% 38.34% 29.87%
Healthcare
13.90% 0.00% 52.29% 59.07%
Consumer Cyclical
10.65% 0.00% 52.42% 80.88%
Communication Services
10.32% 0.00% 32.90% 67.36%
Industrials
8.68% 0.00% 24.88% 43.69%
Consumer Defense
6.93% 0.00% 18.71% 18.60%
Energy
4.10% 0.00% 6.63% 9.04%
Real Estate
3.74% 0.00% 12.72% 19.34%
Utilities
3.21% 0.00% 9.99% 6.27%
Basic Materials
2.41% 0.00% 10.79% 30.84%

Stock Geographic Breakdown

Weighting Return Low Return High FSAEX % Rank
US
94.38% 78.13% 100.51% 44.96%
Non US
0.84% 0.00% 17.94% 81.33%

Expenses

FSAEX - Expenses

Operational Fees

FSAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.01% 5.67% 99.85%
Management Fee 0.00% 0.00% 1.40% 0.38%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.02% N/A

Sales Fees

FSAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 8.50% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FSAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

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.

FSAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 65.00% 0.00% 807.00% 73.19%

Distributions

FSAEX - Distributions

Dividend Yield Analysis

FSAEX Category Low Category High FSAEX % Rank
Dividend Yield 0.00% 0.00% 46.23% 84.09%

Dividend Distribution Analysis

FSAEX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Quarterly Annually

Net Income Ratio Analysis

FSAEX Category Low Category High FSAEX % Rank
Net Income Ratio 1.68% -2.06% 2.43% 0.76%

Capital Gain Distribution Analysis

FSAEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

FSAEX - Fund Manager Analysis

Managers

Douglas Simmons


Start Date

Tenure

Tenure Rank

Oct 17, 2008

11.3

11.3%

Before joining Fidelity in 2003, Mr. Simmons worked as a financial analyst at the private equity firm Hicks, Muse, Tate & Furst. He has been in the investments industry since 1997. Mr. Simmons earned his BA in finance from The University of Texas at Austin, where he graduated with highest honors, and his MBA from Harvard Business School.

Pierre Sorel


Start Date

Tenure

Tenure Rank

Oct 17, 2008

11.3

11.3%

Mr. Sorel joined Fidelity Investments in 1998. In 2000, he began covering European autos, and then covered European banks in 2002. Mr. Sorel has worked as an equity research analyst and portfolio manager. Prior to Fidelity, Mr. Sorel worked as a consultant at Oliver, Wyman & Company in New York. He holds a Bachelor of Science degree in electrical engineering and a bachelor of arts degree in economics from Brown University, Rhode Island. He also holds a masters degree in computer engineering from Princeton University and an MBA from INSEAD, France.

Robert Stansky


Start Date

Tenure

Tenure Rank

Oct 17, 2008

11.3

11.3%

Stansky is vice president and portfolio manager, as well a group manager of VIP Contrafund Portfolio and is responsible for assignment of managers to sectors, managing daily cash flows directing risk management and overseeing in the portfolio. He will not select individual securities in the sectors. He joined Fidelity Investments as a research analyst in 1983, and worked as a research assistant from 1984 to 1987.

Steven Kaye


Start Date

Tenure

Tenure Rank

Oct 17, 2008

11.3

11.3%

Kaye is a vice president and portfolio manager with Fidelity Management & Research. Previously, he was head of Fidelity Select Portfolios and assistant director of research. He also served as Fidelity's pharmaceuticals analyst from 1985 to 1990. Before joining the firm, he spent two years as a research analyst with Strategic Planning Associates.

Brian Lempel


Start Date

Tenure

Tenure Rank

Oct 15, 2012

7.3

7.3%

Brian Lempel is a member of FMR's Stock Selector Large Cap Group and co-manager of the fund (information technology sector), which he has managed since January 2014. He also manages other funds. Since joining Fidelity Investments in 2004, Mr. Lempel has worked as a research analyst and portfolio manager.

Chip Perrone


Start Date

Tenure

Tenure Rank

Aug 03, 2017

2.5

2.5%

Chip Perrone is the global sector leader/analyst at Fidelity Institutional Asset Management (FIAM). In this role, he manages the consumer discretionary sleeve of the FIAM sector strategies and analyzes stocks for the broader, diversified portfolio management team. Prior to assuming his current role in 2010, Mr. Perrone’s research focus had been U.S. automotive, gaming and lodging. Mr. Perrone joined Fidelity in 2007 and has been in the investments industry since 1990. Mr. Perrone earned his bachelor of arts degree in economics from Dickinson College and his master of business administration degree from Rutgers University. He is a CFA charterholder and a Certified Public Accountant (CPA).

John Mirshekari


Start Date

Tenure

Tenure Rank

Dec 31, 2018

1.08

1.1%

Mr. Mirshekari has joined Fidelity Investments since 2003 and has worked as a research analyst and portfolio manager. He is also a member of FMR’s Stock Selector Large Cap Group.

Jody Simes


Start Date

Tenure

Tenure Rank

Nov 08, 2019

0.23

0.2%

Jody Simes is a global sector leader/analyst at Fidelity Institutional Asset Management (FIAM). In this role, he manages both the global energy (since 2011) and global materials (since 2006) sector sleeves of the FIAM sector portfolios and analyzes stocks for the broader diversified portfolio management team. He has been in the investments industry since joining Fidelity in 1993. Mr. Simes earned his bachelor of science degree in finance from the University of Massachusetts and his master of science degree in finance from Boston College. He is a CFA charterholder.

Ashley Fernandes


Start Date

Tenure

Tenure Rank

Jan 01, 2020

0.08

0.1%

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

Melissa Reilly


Start Date

Tenure

Tenure Rank

Jan 01, 2020

0.08

0.1%

Reilly joined Fidelity in 2004 as an equity research analyst in the global research team and has been following companies in the international food manufacturers, HPC, luxury goods and general retail sectors. In 2005, she assumed management responsibility for a global consumer fund available exclusively to Canadian investors. Prior to joining Fidelity Investments in 2004, Ms. Reilly worked for Putnam Investments as a research analyst, senior vice president and portfolio manager from 1999 until 2004. Her responsibilities included managing several European portfolios as well as following a wide variety of European companies. She previously worked for Morgan Stanley & Co. from 1995 to 1997, as an associate in the equity research department. Reilly began her career with Anderson Consulting in New York in 1993 as a staff consultant.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 52.12 8.13 0.75