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FSAGX Fidelity® Select Gold

  • Fund
  • FSAGX
  • Price as of: Jul 19, 2019
  • $23.42 + $0.12 + 0.52%
  • Category
  • Commodity Producers Equities

FSAGX - Profile

Vitals

  • YTD Return 29.6%
  • 3 Yr Annualized Return -3.6%
  • 5 Yr Annualized Return -0.3%
  • Net Assets $1.44 B
  • Holdings in Top 10 70.1%

52 WEEK LOW AND HIGH

$23.42
$15.36
$23.42

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.86%

SALES FEES

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

BROKERAGE FEES

  • Turnover 37.00%

TRADING FEES

  • Max Redemption Fee 0.75%

Min Investment

STANDARD (TAXABLE)

$0

IRA

$2,500

Investment Themes

CATEGORY

Commodity Producers Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Equity Precious Metals

Distributions

  • YTD Total Return 28.9%
  • 3 Yr Annualized Total Return -2.9%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.18%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Fidelity® Select Gold Portfolio
  • Fund Family Name Fidelity Investments
  • Inception Date Dec 16, 1985
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Steven Calhoun

Fund Description

The Fidelity Select Gold Portfolio (FSAGX) is an actively managed fund that focuses on the precious metals sector. The fund primarily holds stocks of companies that mine, explore and process gold. However, it can and does also hold firms that produce silver, platinum and other precious metals. Given its sector focus, FSAGX can hold both U.S. and international stocks. The fund’s managers screen for various value metrics when building FSAGX’s portfolio. Expenses for the fund are on the low side when compared to the sector average.

With such a narrow mandate, FSAGX should be used as a side bet by investors. The fund is internally managed by Fidelity.

FSAGX - Performance

Return Ranking - Trailing

Period FSAGX Return Category Return Low Category Return High Rank in Category (%)
YTD 29.6% -4.0% 21.9% 1.43%
1 Yr 24.2% -38.7% 16.8% 1.43%
3 Yr -3.6%* -12.1% 5.2% 71.43%
5 Yr -0.3%* -21.4% 4.0% 7.58%
10 Yr -4.6%* -11.5% 8.6% 39.13%

* Annualized


Return Ranking - Calendar

Period FSAGX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.0% -42.9% -0.6% 28.57%
2017 8.4% -13.1% 19.1% 11.43%
2016 41.9% 3.1% 41.9% 1.43%
2015 -17.9% -35.0% 0.0% 27.14%
2014 -8.5% -34.3% -1.4% 10.94%

Total Return Ranking - Trailing

Period FSAGX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.9% -4.0% 21.9% 1.43%
1 Yr 23.5% -38.7% 16.8% 1.43%
3 Yr -2.9%* -12.1% 8.1% 71.43%
5 Yr 0.3%* -21.4% 6.0% 7.58%
10 Yr -3.0%* -11.5% 10.0% 39.13%

* Annualized


Total Return Ranking - Calendar

Period FSAGX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.0% -42.9% -0.6% 42.86%
2017 8.6% -8.3% 22.7% 11.43%
2016 47.3% 3.1% 47.3% 1.43%
2015 -17.9% -35.0% 0.6% 27.14%
2014 -8.5% -34.3% -0.8% 10.94%

NAV & Total Return History

FSAGX - Holdings

Concentration Analysis

FSAGX Category Low Category High FSAGX % Rank
Net Assets 1.44 B 1.23 M 5.98 B 22.86%
Number of Holdings 31 2 365 65.71%
Net Assets in Top 10 833 M -191 M 1.32 B 12.86%
Weighting of Top 10 70.06% 3.8% 210.8% 25.71%

Top 10 Holdings

  1. Newmont Goldcorp Corp 14.38%

  2. Barrick Gold Corp 12.05%

  3. Franco-Nevada Corp 9.09%

  4. Newcrest Mining Ltd 8.14%

  5. Kirkland Lake Gold Ltd 5.16%

  6. Agnico Eagle Mines Ltd 4.90%

  7. Northern Star Resources Ltd 4.85%

  8. Royal Gold Inc 4.72%

  9. Evolution Mining Ltd 3.78%

  10. OceanaGold Corp 3.00%


Asset Allocation

Weighting Return Low Return High FSAGX % Rank
Stocks
96.19% -0.85% 99.05% 12.86%
Cash
2.71% -45.80% 106.89% 77.14%
Other
1.10% -6.89% 107.61% 61.43%
Preferred Stocks
0.00% 0.00% 0.00% 22.86%
Convertible Bonds
0.00% 0.00% 1.71% 45.71%
Bonds
0.00% 0.00% 90.85% 85.71%

Stock Sector Breakdown

Weighting Return Low Return High FSAGX % Rank
Basic Materials
96.19% 0.00% 96.19% 5.00%
Utilities
0.00% 0.00% 29.50% 55.00%
Technology
0.00% 0.00% 2.55% 80.00%
Real Estate
0.00% 0.00% 0.13% 55.00%
Industrials
0.00% 0.00% 48.96% 100.00%
Healthcare
0.00% 0.00% 12.02% 60.00%
Financial Services
0.00% 0.00% 0.01% 30.00%
Energy
0.00% 0.00% 60.67% 60.00%
Communication Services
0.00% 0.00% 0.10% 35.00%
Consumer Defense
0.00% 0.00% 9.39% 55.00%
Consumer Cyclical
0.00% 0.00% 1.55% 85.00%

Stock Geographic Breakdown

Weighting Return Low Return High FSAGX % Rank
Non US
77.09% 0.00% 77.09% 1.43%
US
19.10% -0.85% 59.55% 12.86%

FSAGX - Expenses

Operational Fees

FSAGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.86% 0.05% 12.59% 84.29%
Management Fee 0.54% 0.00% 1.50% 14.29%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

FSAGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

FSAGX 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.

FSAGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 37.00% 0.00% 1040.00% 34.29%

FSAGX - Distributions

Dividend Yield Analysis

FSAGX Category Low Category High FSAGX % Rank
Dividend Yield 0.00% 0.00% 0.47% 95.71%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FSAGX Category Low Category High FSAGX % Rank
Net Income Ratio 0.18% -1.26% 2.06% 75.71%

Capital Gain Distribution Analysis

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

FSAGX - Managers

Steven Calhoun

Manager

Start Date

Tenure

Tenure Rank

Sep 29, 2018

0.75

0.8%

Calhoun is a portfolio manager with Fidelity Investments. He joined Fidelity's equity research department in 1994 as a research analyst and manager, following a variety of industries. Calhoun served as director of associate research from 1997 to 1999.


Tenure Analysis

Category Low

0.3

Category High

15.01

Category Average

6.73

Category Mode

8.59