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Mutual Funds Weekly Roundup: August 2
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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.
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| Period | FSMEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.9% | -1.1% | 6.1% | 1.55% |
| 1 Yr | 29.6% | 1.8% | 42.9% | 10.92% |
| 3 Yr | 24.0%* | -9.2% | 28.0% | 10.09% |
| 5 Yr | 17.3%* | -10.1% | 14.7% | 12.38% |
| 10 Yr | 17.5%* | -2.5% | 18.8% | 48.86% |
* Annualized
| Period | FSMEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 27.3% | 5.7% | 55.4% | 13.45% |
| 2018 | 7.7% | -25.3% | 21.5% | 1.80% |
| 2017 | 19.2% | -10.8% | 43.9% | 40.37% |
| 2016 | 2.6% | -31.6% | 6.9% | 1.89% |
| 2015 | -7.6% | -20.4% | 13.8% | 79.61% |
| Period | FSMEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.9% | -1.1% | 6.1% | 1.55% |
| 1 Yr | 29.6% | 1.8% | 42.9% | 10.92% |
| 3 Yr | 24.0%* | -9.2% | 31.3% | 5.50% |
| 5 Yr | 17.3%* | -10.1% | 16.7% | 1.90% |
| 10 Yr | 17.5%* | -2.5% | 18.8% | 5.68% |
* Annualized
| Period | FSMEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 27.3% | 5.7% | 55.4% | 13.45% |
| 2018 | 12.3% | -25.3% | 22.2% | 1.80% |
| 2017 | 26.7% | -10.8% | 45.8% | 12.84% |
| 2016 | 8.7% | -26.4% | 8.7% | 0.94% |
| 2015 | 8.3% | -16.6% | 15.2% | 29.13% |
| FSMEX | Category Low | Category High | FSMEX % Rank | |
|---|---|---|---|---|
| Net Assets | 6.79 B | 3.58 M | 48.1 B | 11.02% |
| Number of Holdings | 53 | 18 | 399 | 82.95% |
| Net Assets in Top 10 | 4.25 B | 71.5 K | 17.4 B | 3.10% |
| Weighting of Top 10 | 63.34% | 21.3% | 75.3% | 8.53% |
| Weighting | Return Low | Return High | FSMEX % Rank | |
|---|---|---|---|---|
| Stocks | 98.45% | 48.12% | 103.54% | 52.71% |
| Cash | 1.18% | 0.00% | 51.88% | 44.96% |
| Other | 0.24% | -27.41% | 5.17% | 32.56% |
| Preferred Stocks | 0.13% | 0.00% | 1.08% | 13.95% |
| Convertible Bonds | 0.00% | 0.00% | 1.54% | 31.78% |
| Bonds | 0.00% | 0.00% | 20.60% | 29.46% |
| Weighting | Return Low | Return High | FSMEX % Rank | |
|---|---|---|---|---|
| Healthcare | 98.24% | 58.44% | 100.00% | 76.74% |
| Financial Services | 0.84% | 0.00% | 6.09% | 5.43% |
| Basic Materials | 0.52% | 0.00% | 2.02% | 13.95% |
| Technology | 0.36% | 0.00% | 16.36% | 17.83% |
| Consumer Defense | 0.04% | 0.00% | 36.20% | 8.53% |
| Utilities | 0.00% | 0.00% | 0.00% | 20.93% |
| Real Estate | 0.00% | 0.00% | 5.84% | 26.36% |
| Industrials | 0.00% | 0.00% | 2.40% | 29.46% |
| Energy | 0.00% | 0.00% | 0.43% | 24.03% |
| Communication Services | 0.00% | 0.00% | 1.02% | 24.81% |
| Consumer Cyclical | 0.00% | 0.00% | 10.50% | 25.58% |
| Weighting | Return Low | Return High | FSMEX % Rank | |
|---|---|---|---|---|
| US | 93.57% | 48.12% | 99.93% | 11.63% |
| Non US | 4.88% | 0.00% | 39.36% | 86.05% |
| FSMEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.73% | 0.10% | 9.84% | 92.13% |
| Management Fee | 0.54% | 0.09% | 1.30% | 7.75% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.03% | 0.40% | N/A |
| 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 |
| FSMEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 75.61% |
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% | 64.52% |
| FSMEX | Category Low | Category High | FSMEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 5.21% | 31.78% |
| FSMEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Semi-Annually | Annually | Semi-Annually | Annually |
| FSMEX | Category Low | Category High | FSMEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.07% | -2.24% | 2.12% | 45.67% |
| FSMEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Annually | Annually |
Start Date
Tenure
Tenure Rank
May 01, 2007
12.68
12.7%
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.
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.59 | 22.31 | 9.83 | 19.68 |
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