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Fund of the Week: Fidelity® Select Banking Portfolio (FSRBX)

Shauna O'Brien Apr 15, 2015

Earnings season is officially underway, and one of the first group of companies to report are the big banks. The spotlight has been on these banks to see how well they preformed in the first quarter. To address these results, we have chosen the Fidelity® Select Banking Portfolio (FSRBX) as this week’s fund of the week.

Inside the Fund

The fund was launched in 1986 and is managed by John Sheehy. Currently, it has about $578 million in assets under management (AUM).

The fund’s holdings are primarily U.S based banks.

Historical Performance

2010	2011	2012	2013	2014
21.44%	-13.31%	22.42%	39.38%	7.58%

Largest Holdings

Symbol	Stock	Portfolio Weight	YTD Performance
WFC	Wells Fargo	11.07%	-1%
USB	U.S Bancorp	7.65%	-3%
BAC	Bank of America	6.49%	-12%
JPM	JP Morgan	5.47%	+1%
C	Citigroup	5.36%	-3%

The Bottom Line

For investors that are bullish on the banking industry, a mutual fund like the Fidelity® Select Banking Portfolio (FSRBX) may been a well-balanced choice.

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