Intro Guide To The Fidelity Select Semiconductors Fund (FSELX)

Fidelity Select Semiconductors (FSELX – Free Report) a Zacks Rank #1 (Strong Buy) seek capital appreciation. The fund normally invests at least 80% of assets in common stocks of companies principally engaged in the 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 Sector – Tech fund, as of the last filing, allocates their fund in three major groups; Large Growth, Large Value and Small Growth. Further, as of the last filing, Intel Corp. (INTC), Qualcomm Inc. (QCOM) and Broadcom Corp. (BRCM) were the top holdings for FSELX.

The Fidelity Select Semiconductors fund, managed by Fidelity, carries an expense ratio of 0.74%. Moreover, FSELX requires a minimal initial investment of $2,500.

FSELX 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 47.72%, 3 year 22.36% and 5 year 20.20%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here .

FSELX’s performance, as of the last filing, when compared to funds in its category was in the top 4% in 1 year, top 5% over the past 3 years, and in the 3% over the past 5 years.