Fidelity Select Leisure Fund (FDLSX)

Fidelity Select Leisure Fund (FDLSX) is a sector stock mutual fund. It invests in companies which operate in the leisure industries. This leisure industry is part of consumer cyclical sector.

Fidelity Select Leisure Fund (FDLSX)

The investment objective of Fidelity Select Leisure Fund is to seek capital appreciation. The stock fund invests mainly in common stocks of companies primarily engaged in the design, production, or distribution of goods or services in the leisure industries. It may invest in domestic and foreign companies. It uses fundamental analysis of factors such as financial condition and industry position, as well as market and economic conditions to select investments. The fund is non-diversified.

Fund Profile

Fidelity fund

• Fund Inception Date: May 7, 1984
• Ticker Symbol: FDLSX
• CUSIP: 316390707
• Beta (3yr): 0.91
• Rank in category (YTD): 22%
• Category: Consumer Cyclical
• Distribution: 1.20%
• Capital Gains: 0%
• Expense Ratio: 0.86%
• Net Assets: $ 372.1 million
• Number of Years Up: 23 years
• Number of Years Down: 5 years
• Annual Turnover Rate: 77%

Updated on June 15, 2013

This FDLSX fund has total net assets of $372.1 million. It has been in the market for almost 30 years and is currently under the management of Jean Park. The expense ratio of this fund is 0.86% per year. The fund’s dividend yield is 1.20%. The December 2012 distribution was $1.22. Its shares price is $115.38.

Best Fidelity Mutual Funds 2013

The fund’s benchmarks are S&P 500 and MSCI IMI Consumer Services 25/50. The fund is rated with 4-stars rating by Morningstar. Among the 23 years of positive return since 1984, the best 1 year total return was recorded in 2003 with 41.85%. The worst 1 year return was recorded in 2008 with -29.05%. Based on the load adjusted returns, this consumer cyclical mutual fund has returned as below:

• 1-year: 7.52%
• 3-year: 18.12%
• 5-year: 11.27%
• 10-year: 12.71%

As one of Fidelity Fund Pick, this fund has no transaction fee. However, there is a redemption fee of 0.75% with 30-days period. The minimum to invest is $2,500 for brokerage account and $500 for IRA (retirement) account. You can buy it from brokerages such as Firstrade, TD Ameritrade Retail, Schwab Retail, Ameriprise Brokerage, Pershing FundCenter, etc.

This sector stock fund had a total of 38 holdings as of December 2012. The top 10 holdings represent 70.73% of the total portfolio. They are Starbucks Corp, McDonalds Corp, Las Vegas Sands Corp, Wyndham Worldwide Corp, Yum Brands Inc, Starwood Hotels & Resorts Worldwide, Hyatt Hotels Corp, Chipotle Mexican Grill Inc, Brinker International Inc and Panera Bread Co. United States is the main regional diversification as of February 2013 with 97.78%.

According to the fund’s website, the principal investment risks include stock market volatility, foreign exposure, leisure industry concentration and issuer-specific changes.

Disclosure: No Position