Fidelity Select Financial Services Portfolio (FIDSX) a Zacks Rank #1 (Strong Buy) invests at least 80% of assets in common stocks of companies principally engaged in providing financial services to consumers and industry.
This Sector - Finance fund, as of the last filing, allocates their fund in two major groups; Large Value and Small Value. Further, as of the last filing, BERKSHIRE HATHAWAY INC CL, BANK OF AMERICA CORP and WELLS FARGO & CO were the top holdings for FIDSX.
The Fidelity Select Financial Services Portfolio fund, managed by American Cent, carries an expense ratio of 0.75%. Moreover, FIDSX requires a minimal initial investment of $2,500.
FIDSX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 38.78%, 3 year 10.03% and 5 year 13.85%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here .
FIDSX’s performance, as of the last filing, when compared to funds in its category was in the top 50% in 1 year, top 44% over the past 3 years, and in the 47% over the past 5 years.
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