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FSMEX Fidelity® Select Medical Tech and Devcs

  • Fund
  • FSMEX
  • Price as of: Jul 18, 2019
  • $57.20 + $0.67 + 1.19%
  • Category
  • Health & Biotech Equities

FSMEX - Profile

Vitals

  • YTD Return 21.0%
  • 3 Yr Annualized Return 10.8%
  • 5 Yr Annualized Return 8.7%
  • Net Assets $6.71 B
  • Holdings in Top 10 58.9%

52 WEEK LOW AND HIGH

$57.20
$43.64
$57.21

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.73%

SALES FEES

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

BROKERAGE FEES

  • Turnover 43.00%

TRADING FEES

  • Max Redemption Fee 0.75%

Min Investment

Closed to new investors as of Mar 29, 2019

STANDARD (TAXABLE)

$0

IRA

$2,500

Investment Themes

CATEGORY

Health & Biotech Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Health

Distributions

  • YTD Total Return 21.0%
  • 3 Yr Annualized Total Return 16.6%
  • 5 Yr Annualized Total Return 18.4%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio -0.07%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Fidelity® Select Medical Technology and Devices Portfolio
  • Fund Family Name Fidelity Investments
  • Inception Date Apr 28, 1998
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Edward L. Yoon

Fund Description

The Fidelity Select Medical Equipment and Systems Portfolio (FSMEX) is an actively managed fund focusing on the medical devices industry of the health care sector. FSMEX focuses its attention on firms that provide advanced drug delivery systems, hospital equipment, health care diagnostics as well as consumable/one-time use medical devices. The fund’s managers use fundamental analysis when selecting stocks for the portfolio. FSMEX can own both domestic and international medical stocks.

Given its focus on a higher-risk industry of the equity markets, FSMEX is best suited as a small satellite position in a broad portfolio. The fund is internally managed by Fidelity.

FSMEX - Performance

Return Ranking - Trailing

Period FSMEX Return Category Return Low Category Return High Rank in Category (%)
YTD 21.0% 1.8% 36.6% 14.71%
1 Yr 10.9% -25.3% 9.3% 0.98%
3 Yr 10.8%* -17.5% 21.7% 13.73%
5 Yr 8.7%* -11.3% 17.8% 6.12%
10 Yr 10.8%* -1.8% 15.6% 42.35%

* Annualized


Return Ranking - Calendar

Period FSMEX Return Category Return Low Category Return High Rank in Category (%)
2018 7.7% -25.3% 7.7% 0.98%
2017 19.2% -10.8% 43.9% 47.06%
2016 2.6% -29.8% 2.6% 0.98%
2015 -7.6% -20.4% 13.8% 80.39%
2014 8.6% -5.8% 31.5% 75.51%

Total Return Ranking - Trailing

Period FSMEX Return Category Return Low Category Return High Rank in Category (%)
YTD 21.0% 1.8% 36.6% 14.71%
1 Yr 10.9% -25.3% 12.9% 2.94%
3 Yr 16.6%* -17.5% 24.8% 7.84%
5 Yr 18.4%* -11.3% 19.8% 4.08%
10 Yr 18.7%* -1.8% 18.8% 2.35%

* Annualized


Total Return Ranking - Calendar

Period FSMEX Return Category Return Low Category Return High Rank in Category (%)
2018 12.3% -25.3% 12.3% 0.98%
2017 26.7% -10.8% 45.8% 13.73%
2016 8.7% -24.2% 8.7% 0.98%
2015 8.3% -16.6% 15.2% 26.47%
2014 28.5% -5.8% 36.7% 23.47%

NAV & Total Return History

FSMEX - Holdings

Concentration Analysis

FSMEX Category Low Category High FSMEX % Rank
Net Assets 6.71 B 13.8 M 44.7 B 18.63%
Number of Holdings 62 30 392 76.47%
Net Assets in Top 10 3.65 B 6.7 M 18.8 B 11.76%
Weighting of Top 10 58.92% 25.1% 75.2% 9.80%

Top 10 Holdings

  1. Becton, Dickinson and Co 10.54%

  2. Boston Scientific Corp 9.91%

  3. Thermo Fisher Scientific Inc 8.61%

  4. Stryker Corp 6.90%

  5. Intuitive Surgical Inc 5.25%

  6. Danaher Corp 5.11%

  7. Medtronic PLC 3.43%

  8. Hologic Inc 3.27%

  9. Abbott Laboratories 3.19%

  10. Masimo Corp 2.70%


Asset Allocation

Weighting Return Low Return High FSMEX % Rank
Stocks
97.76% 91.85% 103.82% 44.12%
Cash
1.68% 0.00% 5.40% 54.90%
Preferred Stocks
0.56% 0.00% 2.32% 9.80%
Other
0.00% -3.83% 2.75% 34.31%
Convertible Bonds
0.00% 0.00% 0.12% 6.86%
Bonds
0.00% 0.00% 0.66% 12.75%

Stock Sector Breakdown

Weighting Return Low Return High FSMEX % Rank
Healthcare
93.44% 10.92% 99.42% 77.45%
Technology
2.31% 0.00% 62.64% 17.65%
Basic Materials
0.79% 0.00% 1.92% 5.88%
Financial Services
0.50% 0.00% 5.80% 9.80%
Consumer Defense
0.14% 0.00% 0.69% 5.88%
Utilities
0.00% 0.00% 0.00% 5.88%
Real Estate
0.00% 0.00% 1.35% 16.67%
Industrials
0.00% 0.00% 12.61% 39.22%
Energy
0.00% 0.00% 0.09% 8.82%
Communication Services
0.00% 0.00% 0.00% 5.88%
Consumer Cyclical
0.00% 0.00% 8.52% 30.39%

Stock Geographic Breakdown

Weighting Return Low Return High FSMEX % Rank
US
93.09% 60.46% 99.29% 16.67%
Non US
4.67% 0.00% 39.02% 84.31%

FSMEX - Expenses

Operational Fees

FSMEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.73% 0.10% 2.98% 94.12%
Management Fee 0.54% 0.09% 1.25% 5.88%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

FSMEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FSMEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 0.75% 0.75% 2.00% 72.50%

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.

FSMEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 43.00% 0.00% 341.00% 57.84%

FSMEX - Distributions

Dividend Yield Analysis

FSMEX Category Low Category High FSMEX % Rank
Dividend Yield 0.00% 0.00% 0.01% 25.49%

Dividend Distribution Analysis

FSMEX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Annually Annually

Dividend Payout History


Net Income Ratio Analysis

FSMEX Category Low Category High FSMEX % Rank
Net Income Ratio -0.07% -2.15% 1.48% 38.24%

Capital Gain Distribution Analysis

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

FSMEX - Managers

Edward L. Yoon

Manager

Start Date

Tenure

Tenure Rank

May 01, 2007

12.17

12.2%

Edward Yoon is a manager. Since joining Fidelity Investments in 2006, Mr. Yoon has served as a research analyst and portfolio manager. Prior to joining Fidelity, he worked for JPMorgan Asset Management as a research analyst and co-fund manager from 2002 until 2006. Mr. Yoon received a BA in business economics from Brown University in 2002.


Tenure Analysis

Category Low

0.08

Category High

21.8

Category Average

10.26

Category Mode

19.18