Fidelity Select Industrials Fund (FCYIX)

With global economic growth expansion, industrials sector equity can become one of the outperform sector mutual fund. One of the best industrial sector is Fidelity Select Industrials. For the fund's review, please check the following article.

Fidelity Select Industrials (MUTF: FCYIX)

The Fidelity Select Industrials investment is seeking capital appreciation. This Fidelity fund invests mainly in common stocks. It usually invests >80% of assets in securities of companies principally engaged in the research, development, manufacture, distribution, supply, or sale of industrial products, services, or equipment. The fund invests in domestic and foreign issuers. It is considered as non-diversified mutual fund.

FCYIX Fund Details
Fidelity Select Industrials Fund (FCYIX)
Fidelity Select Industrials fund
  • Fund Inception Date: March 3, 1997
  • Ticker Symbol: FCYIX
  • CUSIP: 316390517
  • Beta (3yr): 1.38
  • Rank in category (YTD): 41
  • Category: Industrials
  • Distribution: 0.45%
  • Capital Gains: N/A
  • Number of Years Up: 11 years
  • Number of Years Down: 2 years
  • Total Net Assets: $562.56 million
updated on August 6th, 2011

This Fidelity fund only has 0.90% annual expense ratio. One of the main reasons to invest in this Fidelity fund is that it has no management fee and no sales load fee. The fund’s lead manager is Tobias W. Welo. He has managed this fund since January 2007. The fund total net assets are $562.5 million. The annual holdings turnover of this fund as of July 2011 is 80.0% which is quite low compared to the average in the Industrials category (264.96%).

The fund also receives 4 stars rating from Morningstar. This best rated industrials sector equity fund has returned 20.91% over the past year and 8.57% over the past decade. The fund has its best performance year in 2009 with 38.91%. Its worst performance return occurred in 2008 with -40.14%.

Investor will need $2,500 minimum balance to invest in this fund in regular brokerage account as well as retirement account (IRA). This fund is available to many investors. Investors can buy this fund through 62 brokerages like Vanguard, JP Morgan, Fidelity Retail Funds Network, Schwab Retail, Royal Alliance, Raymond James, Firstrade, EP Fee Small, etc.

The top 10 holdings of this fund as of June 2011 are General Electric Co, United Technologies Corp, Union Pacific Corp, Boeing Co, Emerson Elec Co, Honeywell Intl Inc, Danaher Corp, Cummins Inc, Tyco Intl Ltd and Precision Castparts Corp. These are the top ten out of 79 total holdings of this Fidelity fund. They represent 46.16% of portfolio. The top 4 major market sectors of this Industrials fund are:
  • Industrials (95.80%)
  • Consumer Discretionary (0.87%)
  • Energy (0.68%)
  • Health Care (0.35%)
As of June 2011, the asset allocation of this fund is 85.27% in Domestic Equities, 12.22% in International Equities, 2.30% in Cash & Net Other Assets and 0.21% in Bonds.

Investment Risks include Stock Market Volatility risk, Foreign Exposure risk, Air Transportation Industry Concentration, and Specific Company stock risk.

Disclosure: No Position

Related article:

Fidelity Select Consumer Discretionary Fund FSCPX
Vanguard Energy Fund VGENX


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