Fidelity Select Electronics Portfolio Fund (FSELX)

Fidelity Select Electronics Portfolio Fund (FSELX) is a popular sector equity mutual fund. This stock fund invests mainly in electronic components companies. Most of the companies are design, manufacture, or sale of electronic components (semiconductors, connectors, printed circuit boards and other components); equipment vendors to electronic component manufacturers; electronic component distributors; and electronic instruments and electronic systems vendors.

This mutual fund objective is to provide long term capital appreciation. The fund manager is Stephen Barwikowski since 2009. This fund has a little yield of 0.50%. The annual expense fee is 0.77%. With assets of $2.2 billion, this mutual fund has no sales load. It has a high portfolio turnover rate of 132%. This fund uses an investment style of large blend.

FSELX Fund Profile

• Fund Inception Date: 07/29/1985
• Ticker Symbol: FSELX
• CUSIP: 316390863
• Beta (3yr): 0.89
• Rank in category (YTD): 66%
• Category: Technology
• Yield: 0.50%
• Capital Gains: -
• Expense Ratio: 0.77%
• Net Assets: $ 2.2 billion
• Number of Years Up: 20 years
• Number of Years Down: 9 years
• Annual Turnover Rate: 132%

Fidelity Select Electronics Portfolio Fund Performance

This Fidelity fund is ranked with 3 stars by Morningstar. It has a 1 year annualized return of 31.97%. It has returned 27.82% over the past 3 year and 18.81% over the past 5 year. The past 5 years performance is as follows:

• Year 2015: 3.18% (YTD)
• Year 2014: 38.37%
• Year 2013: 39.18%
• Year 2012: 3.60%
• Year 2011: -8.49%

As of May 2015, top 5 stocks in its portfolio are Intel Corp, Qualcomm Inc, Broadcom Corp, Micron Technology Inc, and Texas Instruments Inc. Top 2 sectors are technology (99.5%) and communication services.

More: Waddell & Reed Science & Technology Fund (UNSCX)

 Pros:

• This top technology fund has generated great returns for the past 3 years.
• There is no sales load.

Cons:

• This technology mutual may be more volatile.