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Fund of the Week: Fidelity Select Air Transportation Fund (FSAIX)

Shauna O'Brien

|

Fidelity Select Air Transportation Fund
Two weeks ago, we featured the Fidelity Select Transportation Fund as our fund of the week as transportation stocks rallied due to the low gas prices. This week, we have chosen the Fidelity Select Air Transportation Fund (FSAIX) as low gas prices have sent airline stocks flying and the IPO of Virgin America (VA) on Friday has gained investor attention.
We have seen the airline companies soar so far in 2014, with American Airlines up nearly 80%, Delta (DAL) up over 60%, United Continental (UAL) up over 50% and Southwest Airlines (LUV) up over 110%.

Inside the Fund

The Fidelity Select Air Transportation Fund (FSAIX) was launched in 1985 and is managed by Matthew Moulis. The fund currently has approximately $459 million in assets under management (AUM).

The fund focuses on medium to giant sized companies that are in the industrials industry. It is heavily invested, with less than 3% of its assets in cash.

Historical Performance

2010 2011 2012 2013 YTD
33.37% -.607% 19.16% 50.65% 14.56%
Fidelity Select Air Transportation Fund’s Largest Holdings

Nearly 40% of the fund is compiled of its top five holdings. While the airline stocks in the top five have had a great year, some of the other holdings have lagged.

Symbol Stock Portfolio Weight YTD Performance
BA Boeing 10.18% -4%
UPS United Parcel Service 9.22% +1.25%
DAL Delta Air Lines 7.41%% +64%
PCP Precision Castparts 6.85% -14%
AAL American Airlines 6.29% +79%

The Bottom Line

This fund is a great way for investors to gain exposure to the airline industry as it benefits from lower gas prices. By purchasing a mutual fund like this one, investors are able to gain exposure to the industry while remaining diversified.

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Fidelity Select Air Transportation Fund

Fund of the Week: Fidelity Select Air Transportation Fund (FSAIX)

Shauna O'Brien

|

Two weeks ago, we featured the Fidelity Select Transportation Fund as our fund of the week as transportation stocks rallied due to the low gas prices. This week, we have chosen the Fidelity Select Air Transportation Fund (FSAIX) as low gas prices have sent airline stocks flying and the IPO of Virgin America (VA) on Friday has gained investor attention.
We have seen the airline companies soar so far in 2014, with American Airlines up nearly 80%, Delta (DAL) up over 60%, United Continental (UAL) up over 50% and Southwest Airlines (LUV) up over 110%.

Inside the Fund

The Fidelity Select Air Transportation Fund (FSAIX) was launched in 1985 and is managed by Matthew Moulis. The fund currently has approximately $459 million in assets under management (AUM).

The fund focuses on medium to giant sized companies that are in the industrials industry. It is heavily invested, with less than 3% of its assets in cash.

Historical Performance

2010 2011 2012 2013 YTD
33.37% -.607% 19.16% 50.65% 14.56%
Fidelity Select Air Transportation Fund’s Largest Holdings

Nearly 40% of the fund is compiled of its top five holdings. While the airline stocks in the top five have had a great year, some of the other holdings have lagged.

Symbol Stock Portfolio Weight YTD Performance
BA Boeing 10.18% -4%
UPS United Parcel Service 9.22% +1.25%
DAL Delta Air Lines 7.41%% +64%
PCP Precision Castparts 6.85% -14%
AAL American Airlines 6.29% +79%

The Bottom Line

This fund is a great way for investors to gain exposure to the airline industry as it benefits from lower gas prices. By purchasing a mutual fund like this one, investors are able to gain exposure to the industry while remaining diversified.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Read Next

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